TUTORIAL: How Reference Data Underpins MDM Success
Director - Product Marketing, Orchestra Networks
Practice Manager, Master Data Management, DataSource Consulting
The oft-quoted verse “For the want of a nail, the shoe was lost” highlights how seemingly small things can have an outsized impact. In the contemporary enterprise, no “small thing” is as important or as frequently overlooked as the reference data that is used to provide the fundamental classifications that are foundational to operational efficiency, risk data aggregation, and reporting.
In this workshop, the focus will be on the scope of reference data in the enterprise, the criticality of effectively governing shared reference data as an enterprise asset, and the impact of RDM software as used to provide effective governance and control of enterprise reference data – including business glossary, authoring, workflow, versioning, and hierarchy management capabilities.
Topics to be covered will includes case studies which illustrate:
• Defining reference data & why it is foundational to both operational & analytical data management initiatives (MDM, DG, etc)
• Understanding why RDM is the ideal place to begin your MDM Journey
• Determining what the key requirements for an RDM solution should be