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.

Further Reading:

Blog – Data Stewards – Not Data Cops

White Paper – Empower end-users with Master Data Management

Case Study – MMDM Project to drive ERP Implementation Success in a Fortune 500 Steel Company

• Bio
• Latest Posts

Arthur Raguette

Arthur Raguette is the Executive Vice President at Verdantis. Arthur is very passionate about the application of innovative technologies to solve real-world business problems with a strong emphasis on large enterprise solutions. He has more than a decade of experience of working with Software for Master Data Management and Data Governance for multiple domains and across industries. Arthur’s prior technology passions included high performance B2B middleware and hybridized SaaS applications for HR, Employee and Education related domains.

Latest posts by Arthur Raguette (see all)

• On Demand Webinar:Strategically manage data quality in an ERP rollout - August 27, 2018
• Benefits of Material Master Data Management-Part 5 - March 21, 2018
• Benefits of Material Master Data Management-Part 4 - March 1, 2018