{"id":3540,"date":"2022-03-01T16:12:46","date_gmt":"2022-03-01T16:12:46","guid":{"rendered":"http:\/\/welaxio-management.com\/new\/?page_id=3540"},"modified":"2022-03-02T09:28:14","modified_gmt":"2022-03-02T09:28:14","slug":"data-governance","status":"publish","type":"page","link":"https:\/\/welaxio-management.com\/new\/data-governance\/","title":{"rendered":"Data governance"},"content":{"rendered":"
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Data Governance & MDM benefits<\/h2>\n

Information governance and master data management initiatives are complex and require participation from a broad range of enterprise constituents.<\/p>\n

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  • Most organizations use data to drive efficiencies and improve their operations across multiple divisions. This means they must collect and connect structured and unstructured data.<\/li>\n
  • Demand is growing for assessment and integration of internal and external big data sources with structured master data in multiple domains. This is the case particularly in industries that are heavily regulated or rich in intellectual property.<\/li>\n
  • Effective information governance and master data management (MDM) programs unlock the value of information in silos.<\/li>\n<\/ul>\n

    Here are some 2015 (c) Gartner recommendations for information managers involved in information governance and MDM programs, such as data stewards, storage management leaders, chief technology officers and chief data officers (CDOs):<\/p>\n

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    • Support your data ecosystem for improved context management with agile data-as-a-service
      \nplatforms.<\/li>\n
    • Use emerging vendors that specialize in information governance in a big data environment.<\/li>\n
    • Adopt innovative solutions for socializing and enriching your approach to information governance and MDM by focusing beyond the organization and its known customers and partners.<\/li>\n<\/ul>\n

      Your DATA Governance and Master Data managements system should integrate reliable and consolidated golden data for both simple and complex master data management projects, using an iterative approach that enables a data governance strategy to grow incrementally over time.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>

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      For Business Users<\/h3>\n

      Business user should have access to\u00a0master data they can trust to:<\/p>\n

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      • Drive\u00a0better business decisions<\/strong>\u00a0using accurate, consolidated and trusted data. Business analysts are empowered with an accurate and comprehensive view of the company and can take precise and confident decisions.<\/li>\n
      • Discover new business\u00a0opportunities<\/strong>\u00a0\u2013 cross-sell and up-sell \u2013\u00a0to\u00a0increase revenue<\/strong>\u00a0and\u00a0improve customer satisfaction and retention<\/strong>\u00a0using\u00a0a single 360\u00b0 view of the customers and products.<\/li>\n
      • Acquire\u00a0better knowledge and control<\/strong>\u00a0of critical data: A shared understanding of master data concepts together with global access to consolidated master data supports better operational efficiency and a faster adaptability to environmental challenges.<\/li>\n
      • Reduce the cost<\/strong>\u00a0of Mergers & Acquisitions. Merged companies automatically provide their data as new trusted assets on which the enterprise will apply the appropriate governance processes. This translates into an immediate\u00a0return on investment<\/strong>\u00a0on the IT costs for integrating the new business critical data.<\/li>\n
      • Increase\u00a0transparency\u00a0and traceability<\/strong>\u00a0of the data for\u00a0regulatory\u00a0compliance<\/strong>: By having a centralized platform for managing data governance, the enterprise ensures total control, traceability and history of the data involved in critical processes. Your Master Data Management system should\u00a0reduces the risks and cost<\/strong>\u00a0by providing accurate audit trails and version control.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div>
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        For IT Management<\/h3>\n

        Your Master Data management platform should :<\/p>\n

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        • Drive MDM and data governance projects on the path to\u00a0success on time and budget<\/strong>.<\/li>\n
        • Have a\u00a0tactical MDM solution<\/strong>\u00a0to today\u2019s MDM problems\u00a0while laying the foundations for tomorrow\u2019s multi-domain\u00a0strategic MDM<\/strong>\u00a0needs.<\/li>\n
        • Facilitate adoption<\/strong>\u00a0of MDM initiatives through an\u00a0non-intrusive solution<\/strong>\u00a0that does not affect existing systems or processes and entirely avoid a disruptive\u00a0MDM\u00a0Big-Bang<\/em>\u00a0in the enterprise.<\/li>\n
        • Enable\u00a0shorter project lifecycles<\/strong>\u00a0using a fast and safe incremental approach that supports the three dimensions of MDM lifecycle\u00a0evolution.<\/li>\n
        • Easily adapt the MDM implementation<\/strong>\u00a0to business users\u2019 needs and data governance requirements.<\/li>\n
        • Support current and future\u00a0scalability and performance<\/strong>\u00a0requirements with no added complexity.<\/li>\n
        • Deliver\u00a0projects that meet your company\u2019s quality standards<\/strong>\u00a0on time and budget and increase your organization\u2019s capability to react to changing data requirements.<\/li>\n
        • Provide the\u00a0Right Data at the Right Time to the Business<\/strong>. The IT team should deliver data where and when it is expected by the Business.<\/li>\n
        • Support Future Scalability and Performance Needs<\/strong>. The ELT architecture is the cornerstone that safeguards your data integration investments. Mission-critical integration initiatives running on top of your MDM should run with the best performances today, and support out of the box the future growth of your data volumes.<\/li>\n<\/ul>\n

          Sources :<\/p>\n<\/div>\n

          2015 (c) Gartner \u2013 \u201d Cool Vendors in Information Governance and MDM, 2015\u2033<\/div>\n
          2015 (c) Semarchy \u2013 \u201cMaster Data Management Benefits\u201d<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

          Data Governance & MDM benefits Information governance and master data management initiatives are complex and require participation from a broad range of enterprise constituents. Most organizations use data to drive efficiencies and improve their operations across multiple divisions. This means they must collect and connect structured and unstructured data. Demand is growing for assessment and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3540","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/pages\/3540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/comments?post=3540"}],"version-history":[{"count":13,"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/pages\/3540\/revisions"}],"predecessor-version":[{"id":3576,"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/pages\/3540\/revisions\/3576"}],"wp:attachment":[{"href":"https:\/\/welaxio-management.com\/new\/wp-json\/wp\/v2\/media?parent=3540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}