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Business Management Master Data Management - Not a quick fix
Business Management Master Data Management - Not a quick fix
| Master Data Management - Not a quick fix |
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| Written by Marcus Willington |
| Wednesday, 18 March 2009 07:41 |
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Master Data Management (MDM) is not a magic pill for all of you company data woes. You cannot just wave a magic 'MDM' wand and expect that your data will be organized, and all problems solved. With MDM, you help your organization figure out what is most important to them. Once they decide on what is important, they can begin to effectively control this data. Controls include putting procedures, definitions, rules, and restrictions around it. You don't want to take it on all at once. You want to start with small bites, focusing on narrow areas first. I've found that it is particularly helpful to get some quick wins so others in the organization 'buy-in'. Help some of the critical participating parties and they will be grateful and supporting of your work. If your company chooses to focus on customer data, it is critical that you make sure the scope is locked down and that all parties agree that you will only review customer data. You then start to analyze what data elements are critical. For many organizations, that will be name, address, phone number, etc. Mostly demographic data. Once you have decided what data is in scope, you will then need to start your research. What are the internal definitions for the data elements? What groups use this data? Are there 'data owners' of this information within the organization? The effort required to complete master data management is not minimal. The team members will be working with many stakeholders across the organization to gather what they need. All information needs to be obtained to ensure that that the solutions that come out of the process are effective. About the Author: If you want to become a Master at Master Data Management, check out Marcus Willington's Master Data Management (MDM) site for information, analysis, and news. It is critical that, to be successful at MDM, you stay up-to-date with what happens in the industry. Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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