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A centralized view of data: A centralized source system can capture both external and internal feeds from multiple sources, combine
and reconcile them into a single view, and distribute the data to various target systems. This will not only help improve the level of data
accuracy but also simplify accessibility and governance.
Data masking: With a centralized view of data, it is important to ensure that only required data is accessed by users across units and
departments. This is vital to ensuring data protection and adherence to customer security policies. Data masking helps each functional
unit view only specific data related to their business while accessing a global data platform.
Data filtration: The system should be able to identify and filter inaccurate data. Based on business rules, the data platform can identify,
segregate, and filter bad data, and maintain consistency.
Scalable databases: To manage the rapid data proliferation of data, organizations will eventually need several terabytes of storage
capacity, something that legacy databases are not often equipped for. Therefore, it is important to implement a reference data
management platform with Big Data capabilities. This will not only help address scalability requirements but also enhance data analysis
and ensure the transformation capabilities required to manage both structured and unstructured data formats.
Technology solution implementation: For any new technological implementation to be successful, it is important to understand the
structure of the existing system and the area of implementation. While implementation and integration between systems are generally
customized to each organization, the technological changes are typically implemented on the source systems. However, in order to establish
a centralized platform and gain a holistic view of the data, the same technology should be implemented across all target systems as well. This
will also ensure compatibility and seamless integration.
The deployment of the new solution can be done without disrupting operations, as depicted in Figure 1.
SOURCE
(RECON)
NEW
SOURCE
NEW
TARGET
RULE FILTER
TARGET
(RECON)
RULE FILTER
External
Source 2
TARGET (A)
External
Source 1
SOURCE (A)
TARGET (B)
SOURCE (B)
TARGET (C)
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