This is a pretty common question our team members hear when they run educational events. This seems to be a straightforward disconnect. What does Master Data Governance have to do with Data Quality? Should they be one and the same? Are there vendors who provide both for all master domains?
Data is critical to the functioning of your organization, but it is also inanimate, something that stays where and how you keep it until and unless someone moves it. It is not trying to get away from you. Why then, do we feel the need to ‘govern’ it? Of
One of our senior implementation managers returned to the office last week after the kick-off meeting for a Fortune 500 chemical company in America’s southeast. The company had completed an acquisition last year, and was rolling out a common SAP ERP throughout the combined entity. Verdantis was called in to
In the first part of this set of blog posts, we discussed why the perception of master data management as a technological issue is still so prevalent and why it doesn’t give us the right perspective. In this second and concluding part, you can read about the problems faced
The term ‘data’ invariably takes our mind to a world of computers and IT. It is not surprising, considering the fact that before the all-encompassing moniker ‘IT’ became common, the field was known as EDP – Electronic Data Processing. This remnant of the (relatively) old ways leads to a
Data quality, data governance, purchased parts master data, and data credibility are just some of the things that we have talked about in our previous posts. While all of these are critical components of master data management, there is one other piece of the puzzle that needs to be
Carpe Diem, or seize the day, is a prevalent motto especially where business houses and companies are concerned. New ideas and approaches are looming large on the corporate and financial transaction oriented landscape and embracing such change is essential for corporates to stay at the top of their game.
In the last post, we talked about data quality, specifically as it relates to purchased parts and products. One important dimension to data quality, which is being talked about these days is data credibility. Let us see what it means and entails and how you can ensure it becomes
This is Part 2 of a 2 part blog post. Read Part 1 on A Guide to Measuring Data Quality for Purchased Product Master – Part 1 In my previous post I outlined some metrics for the purchased product / material master – both objective measures (like completeness, accuracy,
Data governance is a discipline in the field of better quality control system for shedding new light to the process of using, managing, developing, and protecting data of an organization.The modern challenges to master data management solutions may be seen in the procedures that have evolved in the last few