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Problem Statement

• Is your company suffering from a case of “Bad Data”? Everyone is


following the process and doing their job correctly but you still face
issues with
• Accurate reporting
• Operational errors
• Audit anxiety about your data, etc.

• Good data should be a given, right?


Problem Statement
Well it’s not that easy…
• In today’s business environment
• Rapid growth
• Organizational change
• Mergers and acquisitions (M&A) are very difficult to absorb within a
fragmented data ecosystem.
• Multiple disparate IT systems
• Siloes databases
• Deficient master data often result in data which is fragmented, duplicated and
out of date.
MDM- Master Data Management
What is Master Data Management
• Master data management is costly and labor intensive, but to draw
valuable insight from data, it’s a necessary process.
• This process consists of:
• Best version of data – With hundreds of terabytes on-hand, it’s likely there are many
versions of the same data within your organization. A crucial first-step of master data
management is creating a single source of truth.

• Data standardization – A process of formatting all data in a way that is uniform and
contains no discrepancies.

• Data governance – Specify the data’s domain. In simple terms, where is this data
coming from? Is it customer data, transactional data, product data, reference data –
you get the gist. This process can also consist of applying metadata (data about data)
for further understanding.
MDM- contd…
• Distribution of trusted data – The data should now be ready for distribution
and integration across the enterprise. Keep in mind, this is an iterative
process – meaning it’s dynamic and should be consistently tweaked.

• When executed correctly, master data management optimizes business


processes and gives companies a centralized maintenance and storage
point.

• This allows for easier data sharing between departments and reduces the
complexities of data management. Data deduplication – one of the primary
purposes of master data management – prevents staff from accessing
multiple copies of the same piece of data.
Tangensys Master Data Management (MDM)

• Tangensys Master Data Management (MDM) is the organization of


people, processes and technologies to create and maintain an
authoritative, reliable, sustainable, accurate, and secure data
environment that represents a “single version of the truth” for master
data and its relationships across the enterprise.
People-Stake Holders
• MDM Program Executive Sponsor – provides organization and resource support; able to help articulate the
importance of MDM in your organization. They would be the champion of change to help communicate the
benefits, the work to be done and how change fits into corporate goals. They are a vital component of a
successful Data Governance and Master Data Program.
• Business Owners – These folks are considered the real owners of master data in an organization because
they are the ones who know the data the best and the ones who are directly impacted by the consequences
of bad data and the rewards of good data. Each business unit who shares a dependency on the data being
considered for mastering should be represented in the MDM program. These are the people who will help
define, prioritize and measure the success.
• Data Stewards – The data stewards take ownership of the day-to-day maintenance and data governance.
They insure the data meets the quality standards put in place and takes corrective action on exceptions.
• System Owners – These are the people knowledgeable about specific business applications and systems
within the data ecosystem. They provide system SME and access data timing and the processes which
operate within a particular business application. The system owners provide access and technical knowledge
to the team.
• MDM SME – These are the navigators of implementing the MDM program. They bring the knowledge and
experience to help plan and execute an MDM program. They help define and implement the solutions based
on the specific needs of the company.
Process
• There are 2 process areas to consider when looking at Master Data
Management.

• The business process that will be affected when implementing a MDM


program. These changes are identified during the planning of an MDM
initiative and described as a component of a Use Case. Multiple changes can
happen to business processes as the MDM program matures.
• The governance processes put in place to maintain the master data program,
the health of the data, and the monitoring, error handling and change of data
after MDM is put in place.
Tools & Technology
• “single source of the truth.”
• At the front end of your MDM platform is the extraction component which moves all of your
source data into the MDM platform as a one time load. After this, your data will typically be
incrementally loaded as change occurs. This is usually called the Extract, Transform and Load
(ETL) component.

• Within the MDM platform, the source data goes through a series of cleansing
steps in order to become available as the “single source of truth.” When this is
done, you’re ready to share your mastered data with
• Applications
• Data warehouse
• Business intelligence
• Customer interactions with a common view of cleansed,
• De-duplicated data.
Tangensys Master Data Management (MDM)
• The future of decision-making is here:
• analyze, simulate, plan and predict, all-in-one

• Tangensys brings digital transformation into companies’ processes, from strategic and
operative planning to data analysis.

• Businesses are facing an explosion of heterogeneous data from a growing number of


sources. Traditional data management and business intelligent technologies cannot tap
into and respond to the actionable insight buried in this digital deluge.

• A new model is needed to modernize applications using predictive and prescriptive


analytics, and leveraging internal and external data to better understand customer
behavior, product innovation, risks and operational efficiencies.
Data Management, BI and Analytics Framework

Databases ERP, CRM OLAP Flat Files-


BigData Cloud
and Data and Legacy Cubes Excel and
and IoT Data
Warehouses Systems TXT

Tangensys Heterogeneous Data Management Framework

Data Performance BI and


Warehouse Business Intelligence Predictive Analytics Analytics
Management
tools tools
• Scorecarding • Budgeting, Planning • Forecasting
• Dashboard and Forecasting • Simulation
• Reporting • Profitability Analysis • Clustering
• Analysis • Strategy Management • Statistical Analytics
• Financial
Consolidation