Contenu connexe Similaire à Why Master Data Management matters Similaire à Why Master Data Management matters (20) Why Master Data Management matters1. i
Based on presentation by
Dmitry Kovalchuk titled
‘Attention Data’
Why Data
Management
Matters
Oliver Baasch
Principal Solution Architect
Oracle Asia Pacific
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Your company
depends on resources
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You plan resources
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You pull resources
You plan resources
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You pull resources
You store resources
You plan resources
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You pull resources
You store resources
You utilise resources
You plan resources
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You manage your
resources to be
effective
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You manage finances
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You manage people
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You manage inventories
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You manage time
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Why don’t you
manage your data?
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Data is not a
trivial resource
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Data volumes grow much
faster than your other resources
V
t
$
About 40% a year
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No longer timely
Perhaps your data is…
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No longer timely
Hard to access
Perhaps your data is…
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No longer timely
Hard to access
Poor quality
Perhaps your data is…
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No longer timely
Hard to access
Poor quality
Incomplete
Perhaps your data is…
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Are you
aware of the
problem?
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Why do you
put up with it?
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Imagine if your other
resources were…
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no longer timely
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hard to access
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of poor quality
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or incomplete
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If you don’t manage
data it can become a
virus…
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It can be invisible - you
might not know about it
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It penetrates everywhere
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It harms you from
the inside
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You get inaccurate reports
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You make bad decisions
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You spend more and
more on remediation
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You become ineffective
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But there is good news
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Hundreds of companies
have avoided this
situation
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By managing their data
like other resources
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Their data is always…
in the right time
and place
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Their data is always…
the right volume
in the right time
and place
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Their data is always…
the right volume
the right quality
in the right time
and place
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Their information is
accurate
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Their information is
accurate
They make
intelligent decisions
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Their information is
accurate
They make
intelligent decisions
They trust their
decisions
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They are successful
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Do you want to be
like them?
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You need to:
Manage Your Data
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Best practices will
get you started
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Start with the most
important information:
Master Data
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Start small: Choose
one data domain
Customer
Master Data
CRM
ERP
DWH
Other
such as Customer Master Data
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Think Big: Enterprise
Information Management
Unstructured
Data
Metadata
Reference
Data
Big Data
Transactional
Data
Master data
Other Data
Enterprise
Information
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Stable Data Governance
Accountability
Processes
Policies
Roles
Responsibilities
Procedures
Standards
Metrics
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Implement prescriptive
technologies
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Measure the quality of data
and business benefits
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All this leads to…
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Your data as a usable
trustworthy resource
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