Best Master Data Management Services In Bangalore | Tutortek

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MASTER DATA MANAGEMENT

• FRAMEWORK

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WHAT IS MASTER DATA MANAGEMENT

• Master Data Management (MDM) refers to the
  process of creating and managing data that an
  organization must have as a single master copy,
  called the master data (ie not transactional data
  entities) .
• MDM is important because it offers the enterprise
  a single version of the truth. 
• Without a clearly defined master data, the
  enterprise runs the risk of having multiple
  copies of data that are inconsistent with one
  another.
• Master data can include customers, vendors,
  employees, and products, but can differ by
  different industries and even different companies
  within the same industry. 
• Master Data Management is only applied to
  entities and not transactional data

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FOUR TYPES OF DATA

• MasterMaster data are the critical nouns of a
  business and fall generally into four groupings
  people, things, places, and concepts.
• Further categorizations within those groupings
  are called subject areas, domain areas, or entity
  types.
• For example, within people, there are customer,
  employee, and salesperson. Within things, there
  are product, part, store, and asset. Within
  concepts, there are things like contract,
  warrantee, and licenses. Finally, within places,
  there are office locations and geographic
  divisions.
• TransactionalThis is data related to sales,
  deliveries, invoices, trouble tickets, claims,
  and other monetary and non-monetary interactions.
• UnstructuredThis is data found in e-mail, white
  papers like this, magazine articles, corporate
  intranet portals, product specifications,
  marketing collateral, and PDF files.
• MetadataThis is data about data and may reside
  in a formal repository or in various other forms
  such as XML documents, report definitions, column
  descriptions in a database, log files,
  connections, and configuration files.

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MDM VISION

• Enterprise wide Master Data Management will help
  to differentiate MAC and Group companies by
  exceeding the expectation of principals and
  customer by offering outstanding service.
• Enterprise MDM will cover the data domains of
  MAC, Eurogulf, CNC India, Hoshi to ensure high
  quality data across enterprise which will ensure
  effective management decisions.

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Evolutionary MDM Strategy
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Discover

• Study the existing applications and data quality
  issues
• Applications taken for Analysis MAC

Org Address, City, Country mismatch
(Organization)
Multiple names for same Organization
(Organization)
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Discover
Multiple names of the same person (Person)
Organization in Contact Person (Deals)
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MDM Data Model
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Data Rules

• Define Business Data Validation, Data Quality and
  Convergence rules

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Data Quality

• Profile, Cleanse, Standardize and Normalize
• Use Microsoft Business Intelligence software for
  the above activities

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Processes and Work Flows

• Implement MDM Change Request Process
• Implement workflow management for MDM CR Process
  using Intranet Dashboard Subsite feature, eforms
  and workflow management features

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Integrate and Implement

• Integrate MDM with existing applications