Master Data Ownership – An Introduction
Material Data is some of the most complex Master Data around. Core to operations, Key for performance reporting, and critical to EH&S compliance.
But who owns it? Who controls it? Who oversees it?
Historically, all master data, may have been considered to be the exclusive property of the IT department. Data may not have been central to the working of the business, and the management was all too happy to pass on the responsibility to someone else.
However, in the contemporary organization, the significance of data has grown by leaps and bounds. Companies — the smart ones anyway —treat data as an asset. Different types of master data are generated by different departments— and companies realize that the business (and not IT) needs to take ownership of all of them.
In our four-part series of blog posts, we will be considering the question of data ownership, why it is critical, who are data stewards, and what you can do to counter issues or problems that arise due to past (mis)management of material master data.
We’ll continue the discussion next week to explore why material master data is different from other types of data and how data silos can prove detrimental to an enterprise’s growth and sustainability.
White Paper – Empower end-users with Master Data Management
Latest posts by Arthur Raguette (see all)
- The need for effective Material Master Data Management – Part 2 - January 16, 2018
- The need for effective Material Master Data Management - January 4, 2018
- Material Master Data Governance Teams - December 26, 2017