Discover how master data management (MDM) provides language models with high-quality enterprise data to improve their response accuracy. Published at: https://www.eckerson.com/articles/improving-genai-accuracy-with-master-data-management

This final blog in our series on the ROI of master data management recommends ways for data teams to iterate their MDM initiatives based on the successes and failures of their first project. Published: https://www.eckerson.com/articles/driving-roi-with-master-data-management-part-iii-project-iteration

Learn how to attain an optimal return on investment (ROI) with MDM by choosing the appropriate architectural strategy and evaluating progress during the initial project implementation. Published at: https://www.eckerson.com/articles/driving-roi-with-master-data-management-part-ii-your-first-project

MDM creates business value in three ways: it streamlines infrastructure, streamlines processes, and reduces risk. Published at: https://www.eckerson.com/articles/driving-roi-with-master-data-management-part-1-build-your-business-case

Designed and implemented well, automated workflows can make the modern business just a little less chaotic and complex. This blog explores the opportunity for automated workflows to help cross-functional teams collaborate and standardize organizational master data. Published at: https://www.eckerson.com/articles/master-data-management-and-operational-workflows-two-modern-use-cases

COVID, inflation, broken supply chains, and not-so-distant war make this a turbulent time for the modern consumer. During times like these, families tend to their nests, which leads to lots of home-improvement projects…which means lots of painting.

Today we explore the case study of a Fortune 500 producer of the paints and stains that coat many households, consumer products, and even mechanical vehicles. While business expands, this company needs to carefully align the records that track hundreds of suppliers, thousands of storefronts, and millions of customers.

Business expansion and complex supply chains make it particularly important—and challenging—for enterprises such as this paint producer, which we’ll call Bright Colors, to accurately describe the entities that make up their business. They need to be governed, validated data to describe entities such as their products, locations, and customers. Master data management, also known as MDM, streamlines operations and assists data governance by reconciling disparate data records into golden records and ideally a single source of truth.

We’re excited to share our conversation with an industry expert that helps Bright Colors and other Fortune 2000 enterprises navigate turbulent times with effective strategies for MDM and data governance.

Dave Wilkinson is chief technology officer with D3Clarity, a global strategy and implementation services firm that seeks to ensure digital certainty, security, and trust. D3Clarity is a partner of Semarchy, whose Intelligent Data Hub software helps enterprises govern and manage master data, reference data, data quality, enrichment, and workflows. Semarchy sponsored this podcast.

Fast-casual restaurants offer a fascinating microcosm of the turbulent forces confronting enterprises today—and the pivotal role that data plays in helping them maintain competitive advantage. COVID prompted customers to order their Chipotle burritos, Shake Shack milkshakes, and Bruegger’s Bagels for home delivery, and this trend continues in 2022. Supply-chain disruptions, meanwhile, force fast-casual restaurants to make some fast pivots between suppliers in order to keep their shelves stocked. And the market continues to grow as these companies win customers, add locations, and expand delivery partnerships.

These three industry trends—home delivery, supply-chain disruptions, and market expansion—all depend on governed, accurate data to describe entities such as orders, ingredients, and locations. Data quality and master data management therefore play a more pivotal role than ever in the success of fast-casual restaurants. Master data management, also known as MDM, streamlines operations and assists data governance by reconciling disparate data records into a golden record and source of truth. If you’re looking for an ideal case study for how MDM drives enterprise reinvention, agility, and growth, this is it.

We’re excited to talk with an industry expert that helps fast-casual restaurants handle these turbulent forces with effective strategies for managing data and especially master data. Matt Zingariello is Vice President of Data Strategy Services with Keyrus, a global consultancy that helps enterprises use data assets to optimize their digital strategies and customer experience. Matt leads a team that provides industry-specific advisory and implementation services to help enterprises address challenges such as data governance and MDM.

Keyrus is a partner of Semarchy, whose Intelligent Data Hub software helps enterprises govern and manage master data, reference data, data quality, enrichment, and workflows. Semarchy sponsored this podcast.

In our podcast, we'll define data quality and MDM as part of data governance. We’ll explore why enterprises need data quality and MDM, and how they can craft effective data quality and MDM strategies, with a focus on fast-casual restaurants as a case study.

It’s hard to find a data discipline today that is under more pressure than data governance. One on side, the supply of data is exploding. As enterprises transform their business to compete in the 2020s, they digitize myriad events and interactions, which creates mountains of data that they need to control. On the other side, demand for data is exploding. Business owners at all levels of the enterprise need to inform their decisions and drive their operations with data.

Under these pressures, data governance teams must ensure business owners access and consume the right, high-quality data. This requires master data management—the reconciliation of disparate data records into a golden record and source of truth—which assists data governance at many modern enterprises.

In this episode, our host Kevin Petrie, VP of Research at Eckerson Group talks with our guests Felicia Perez, Managing Director, Information as a Product Program at National Student Clearinghouse, and Patrick O'Halloran, enterprise data scientist as they define what data quality and MDM are, why you need them, and how best to achieve effective data quality and MDM.

Master Data Management is no shiny object. But like many traditional IT practices, MDM is being severely tested – and rendered all the more strategic – by digitalization and rising data volumes.

Originally published at https://www.eckerson.com/articles/five-master-data-management-best-practices-for-enterprises

Why is Data Quality still an issue after all these years? To get an answer to the prevalent question, Wayne Eckerson and Jason Beard engage in a dynamic exchange of questions which lead us to the root cause of data quality and data governance problems. Using examples from his past projects, Jason shows the value of business process mapping and how it exposes the hidden problems which go undetected under the standard IT lens.

In his most recent role as Vice President of Process & Data Management at Wiley, a book publisher, he was responsible for master data setup and governance, process optimization, business continuity planning, and change management for new and emerging business models. Jason has led business intelligence, data governance, master data management, Process Improvement, Business Transformation, and ERP projects in a variety of industries, including Scientific and Trade publishing, Educational Technology, Consumer Goods, Banking, Investments, and Insurance.