Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
    car expense data analytics
    Data Analytics for Smarter Vehicle Expense Management
    10 Min Read
    image fx (60)
    Data Analytics Driving the Modern E-commerce Warehouse
    13 Min Read
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: An Open Source Solution for Master Data Management
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > An Open Source Solution for Master Data Management
Data QualityPolicy and Governance

An Open Source Solution for Master Data Management

MIKE20
MIKE20
3 Min Read
SHARE

In most large organisations, managing master data is a very complex problem that technology alone will not solve.  The majority of issues are process and competency-oriented:

In most large organisations, managing master data is a very complex problem that technology alone will not solve.  The majority of issues are process and competency-oriented:

  • Organisations typically have complex data quality issues with master data, especially with customer and address data from legacy systems
  • There is often a high degree of overlap in master data, e.g. large organisations storing customer data across many systems in the enterprise
  • Organisations typically lack a Data Mastering Model which defines primary masters, secondary masters and slaves of master data and therefore makes integration of master data complex
  • It is often difficult to come to a common agreement on domain values that are stored across a number of systems, especially product data
  • Poor information governance (stewardship, ownership, policies) around master data leads to complexity across the organisation

MDM solutions are often perceived by business and executive management as significant and costly purely due to infrastructure improvement efforts lacking well-defined tangible business benefits.

More Read

Skewed data
2 Ways Your Data Might Be Skewed Without Your Knowledge
The Journey from Big Data to Big Promise
Challenges and Opportunities in Big Data From Industry and Academia Panel
Saving Microseconds with Informatica’s Ultra Messaging
Taming Big Data Is Not a Technology Issue

The MIKE2.0 Information Development approach can help implement the necessary competences to address these issues in a systematic fashion. An end-to-end approach is followed that goes from business strategy to ongoing operational improvement.  MIKE2.0 contains the comprehensive set of activities and tasks that are required to see an MDM programme through from strategy to implementation.

Key aspects of MIKE2.0 that are applied include:

  • Definition of the business and technology blueprint, which defines strategic requirements and plans the implementation programme over multiple increments
  • Definition of strategic and tactical architecture frameworks, using the SAFE Architecture as a starting point
  • Documentation of strategic technology requirements for product selection
  • An organisational model to focus specifically on Information Development
  • An approach to improve Data Governance across the environment

This comprehensive approach goes across people, process, organisation and technology and is driven by an overall strategy.   Please check it out when you have a  moment.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data mining to find the right poly bag makers
Using Data Analytics to Choose the Best Poly Mailer Bags
Analytics Big Data Exclusive
data science importance of flexibility
Why Flexibility Defines the Future of Data Science
Big Data Exclusive
payment methods
How Data Analytics Is Transforming eCommerce Payments
Business Intelligence
cybersecurity essentials
Cybersecurity Essentials For Customer-Facing Platforms
Exclusive Infographic IT Security

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

analytics in business
AnalyticsBusiness IntelligenceCulture/LeadershipData ManagementInside CompaniesPolicy and Governance

The Analytics Gap: Execs vs. Data Analysts

4 Min Read

Spinal Tap and The Art of Data Management

3 Min Read

Innovation and Robotics: The Uncanny Valley of Death

7 Min Read

Big Data: The Coming Sensor Data Driven Productivity Revolution

3 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?