It is becoming increasingly more obvious that for data to have any real value, it must be in motion. It must flow. “All entities move” Heraclitus added, “and nothing remains still.” These ancient musings have startling relevance to the modern challenges and benefits of Master Data Management (MDM) programs across global enterprises. The entities he referred to were more philosophical in nature, yet it is no coincidence that the entities of our commercial world – customers, vendors, prospects and the relationship between them – are in a constant state of movement and change.
Published By: Datavail
Published Date: Nov 03, 2017
The management of financial data in an organization is of paramount importance. Reporting, evaluating ROI, making adjustments across the business, and increasing revenue depend on good, accessible financial data that can be updated and integrated across systems and software.
For these reasons, many organizations have turned to master data management (MDM) software in the effort to better store, access, search, retrieve, and analyze their financial data. These MDM solutions are able to collect data within a single unified, fully integrated, user-friendly platform. However, in order to be most effective, MDM applications must also have capabilities in data relationship management (DRM). DRM software is able to describe and enforce the relationships between data, no matter where it's located within an organization, to provide a holistic and consistent solution.
IBM® Information Governance Catalog helps you understand your
information and foster collaboration between business and IT by establishing
a common business vocabulary on the front end, and managing
data lineage on the back end. By leveraging the comprehensive capabilities
in Information Governance Catalog, you are better able to align IT
with your business goals.
Information Governance Catalog helps organizations build and maintain
a strong data governance and stewardship program that can turn data into
trusted information. This trusted information can be leveraged in various
information integration and governance projects, including big data integration,
master data management (MDM), lifecycle management, and
security and privacy initiatives.
In addition, Information Governance Catalog allows business users to
play an active role in information-centric projects and to collaborate with
their IT teams without the need for technical training. This level of governance
and collaboration c
Scalable data platforms such as Apache Hadoop offer unparalleled cost
benefits and analytical opportunities. IBM helps fully leverage the scale
and promise of Hadoop, enabling better results for critical projects and
key analytics initiatives. The end-to- end information capabilities of
IBM® Information Server let you better understand data and cleanse,
monitor, transform and deliver it. IBM also helps bridge the gap between
business and IT with improved collaboration. By using Information
Server “flexible integration” capabilities, the information that drives business
and strategic initiatives—from big data and point-of- impact analytics
to master data management and data warehousing—is trusted, consistent
and governed in real time.
Since its inception, Information Server has been a massively parallel
processing (MPP) platform able to support everything from small to very
large data volumes to meet your requirements, regardless of complexity.
Information Server can uniquely support th
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