subject: Applying Master Data Management to Reduce Operational Complexity [print this page] Applying Master Data Management to Reduce Operational Complexity
In the constant quest to accurately manage business operations Master Data Management supports the business agility of the rapidly growing organization. Whether the organizational growth is resulting from organic developments or through mergers or acquisitions, it leads to line-of-business application development that supports the proper functioning of the organization. An efficient MDM strategy can assist organizations to promptly and swiftly respond to changing business needs.
At the same time, there are certain aspects of every business operation that must coordinate with the existing systems as well. As an instance, purchase records or sales transactions are some of the aspects, no matter what system originates, it must interact with the company's purchase or order fulfillment systems. Master Data Management simplifies this issue with an object model that is applicable for both information persistence and application communication.
There are three aspects of MDM that abridge the design and realization of new application with the existing applications.
1. The metadata repository that functions like a warehouse captures all the elements associated with the data element usage. Other than a data directory, enterprise business meta-data syndicates the knowledge derived from intelligent analysis of data sets, the definitions and meanings allotted by the SME, that puts together the semantic analysis associated with names, shapes, formats, structures, reference data and above all definitions of data elements collected across the organization.
2. The second most relevant aspect of Master Data Management, the standardized process of unique identification simplifies the process of data identification to omit the need for each application developer to develop the process at application level. Instead, it facilitates the developer to reuse the engineered capability.
3. The ability to describe and regulate many diverse kinds of master data services at the core and within application layers gives a means for combining the enterprise application architecture, thereby, releasing the developers to center on aiding the application business necessities.
Since every initiative that spans across the organization is liable to require significant amount of energy for synchronization. Master data represents a clear view into core information asset shared enterprise-wide. Prompt master data management is critical to enterprise information management strategy.
Identifying key individuals & stakeholders, gaining support, bringing participant collaboration, collecting requirements and standardizing the right set to make projects successful the development teams must work to drive business value. Through the data warehouse ubiquity, value becomes apparent to business for both data suppliers as well as consumers.
