Datasheet: Stewardship & Governance
Stewardship and Governance brings Master Data Management to the business
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Stewardship and Governance brings Master Data Management to the business
When it comes to any successful master data management project, people matter. Given that MDM is a relatively new function, most organizations aren’t sure what resources and roles need to be created or designated to make the solution successful.
The next pillar of an effective MDM strategy is organization. Organization builds on governance by getting the right stakeholders identified and enlisting them as part of your governance body.
The foundational pillar of an effective MDM strategy is governance. Governance covers a broad swath of efforts, making it somewhat hard to pin down. As a result, many organizations are not sure how to get started with governance and put off introducing it. However, waiting to introduce governance is less than ideal. In fact, it should really be the first thing you do after defining your business problem.
Who Needs to Be Involved in Your MDM Strategy? As your organization gets started with MDM, there are numerous questions you need to ask and answer. For instance, you need to determine the business problem you’re trying to solve and how you will measure success in order to build a thoughtful program strategy. There are also several pillars of success you need to cover, such as governance, processes and standards, to name a few, to lay the foundation for a successful program.
As a data expert, you know that data quality means better decisions. Unfortunately, many data and business intelligence experts we talk to tell us that the C-suite doesn’t see the value in data governance.
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