Whitepaper: Business-Oriented Data Governance for Effective Master Data Management
A Whitepaper by David Loshin
The explosive growth of the information economy has motivated organizations to rethink the way they convert data into actionable information and intelligence. To use the massive volumes of data, there is a need to ingest, capture, prepare, manage, and analyze that data with a strong emphasis on data quality management. The C-level managers are rapidly recognizing data governance as a “must-have” for the enterprise. Unfortunately, poorly-designed and minimally-planned data governance processes are fundamentally ineffective because they are viewed as bureaucratic and overwhelming. Yet proper data governance is a critical success factor for master data management.
This paper examines the motivations for coupling data governance with master data management and considers how to evolve data policies and processes to position master data management for success.