Informatica MDM Training in Coimbatore

Beginners - Master Data Management (MDM)

Master Data Management (MDM), the information management discipline, presents great opportunities for data quality and data governance professionals.Underpinning MDM is the need for an effective data quality management strategy and appropriate toolset. With so many organisations dipping their toes into the choppy waters of MDM we thought it high time to provide an overview for those getting started or wanting to learn more.

Why is MDM becoming so popular?

Citing the open source MDM Solution Offering available on the following reasons are provided for the rise in popularity of MDM:

• MDM issues impact the business.its products and its employees. Master data is some of the most important data that an organisation holds and there is no choice but to fix the issues of the past; even minor issues with master data cause viral problems when propagated across a federated environment. A recognition that enterprise MDM defines competitive advantage has grown significantly in the last decade.
• Increasing complexity and globalization. Master Data Management really hits right to the point of the drivers for an Information Development approach. Organisations are becoming increasingly federated, with more information and integration globally that ever before. Reducing the complexity is essential to a successful approach. Globalization led to a variety of additional problems and complications from the data management perspective. This includes multi-lingual and multi-character set issues, and 24x7 data availability needs driven by global operations.
• The number of channels enterprises receive and provide information has also grown significantly with the recent evolution of the Internet and voice recognition technologies.All sides see a major opportunity.
• MDM is a big, complex problem and is therefore an opportunity for product vendors and systems integrators. New MDM technologies referred to as MDM data hubs have been developed. Even though the data hubs may look like their predecessors Operational Data Stores (ODS), modern data hub technologies are SOA enabled and leverage a number of other modern technologies not commonly used by the old traditional ODS. As the problem is an information management problem, every information management vendor has a "solution”.
• Application-centric vendors (which started the MDM trend) also see this as a major opportunity to expand their integration and application scope. Organisations with MDM issues are doing a variant of the same approach: they face a variety of challenges in the information management space and this provides them with a collective way to frame the problem.
• This situation is similar to that which arose with compliance initiatives a few years ago.Compliance initiatives add corporate pressure. Driven by the War on Terror and corporate scandals in the US, compliance initiatives have put additional pressures on the enterprises. Without a sound MDM solution enterprises are facing increasingly difficult problems to support evolving regulatory requirements

Information Technology

These are leaders and technical resources in IT that install, configure, and maintain the data management solution. Some of these roles have dedicated resources, whereas others work on MDM on a part time basis.

Solution Owner

The IT executive who owns the MDM solution from an IT perspective. This individual typically manages the technical resources who are dedicated to MDM, and often owns the relationship with the software vendor. The solution owner is typically an IT representative for governance.

System/Database Administrator

In the event the platform is deployed on premise, these resources manage the servers and infrastructure for the solution. For cloud based deployments, these would be the resources that provision and manage the could environment.

Advantages of Informatica MDMIt is a flexible business model –driven MDM to fulfil the exceptional business requirements.

• It’s complicated hierarchy management conceals the valued relations among the data.
• Quickly installable and expandable multi-domain.
• Operational proficiency is increased by the confiding in an extraordinarily reliable framework.

MDM Roles And Responsibilites

• 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. There are no one-size fits all organization structures for MDM. They will vary significantly based on the size of the organization, and their desired level of maturity for data management.
• The following outlines the common roles and responsibilities that need to be filled regardless of organization size.
• For smaller organizations, one individual may fill multiple roles, while in large complex organizations, there may be an entire team filling a single role.Within MDM, there are three common communities of stakeholders, with multiple roles within those communities.
• this is a cross-functional group of stakeholders that define the policies, standards, and processes for data management.
• The output of their efforts represent the requirements for the implementation of the MDM solution. The governance function also holds the data stewardship team accountable.
• The following defines the high level roles within the governance team.
• Business Stakeholders – Representatives for the interests of business functions across the organization, such as finance, marketing, HR, etc. Ideally these are individuals in leadership or executive roles who can break down barriers and provide credence to the outputs of the governance function.
• Business Analysts – Like Business Stakeholders, are individual from across business functions, who do much of the legwork for the governance function, drafting the policies, standards, and processes for review and approval by the governance organizations.
• Information Technology Stakeholders – Representatives from IT, typically a subset of those in the roles listed below, who help align the policies, standards and processes to the chosen MDM platform, and provide a conduit for information back to the technical team.