on 07-23-2008 12:59 PM
Hello All,
When i started learning MDM i came accross "Data Governance" many time.But i am not able to get this in real scenario.Kindly explain this in complete manner!
Jacks
Hi,
This links will help u to understand it more clearly:
Hope u can understand now yhis better!!
Rgds
Ankit
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Hello,
Thanks to all,to provide me with that much definations and ideas along with scenario.
Really helpfull!!
Thanks again!!
Jacks
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Hi Jacks,
Governance in the terms of MDM means Ownership of data.
The major problem most of the companies are facing with respect to master data is that their companies master data is managed by differnt units or departments due to which their is no control over the data which leads to inconsistent data across the organisation.
MDM is designed to handle this crisis through its various features:
- Workflows
- Roles and Users
- Validations
- Assignments
etc
These and many such features are enabled in MDM which make sit possibl eto govern the data or in more appropiate words manage and control the data so that their is only a single version of truth throughout.
Hope It Helped
Kindly Reward Points If Found Useful
Thanks & Regards
Simona Pinto
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Hi,
Data governance is the practice of organizing and implementing policies, procedures and standards for the effective use of an organization's structured/unstructured information assets.
Another definition of Data Governance is "Data Governance is a system of decision rights and accountabilities for information-related processes, executed according to agreed-upon models which describe who can take what actions with what information, and when, under what circumstances, using what methods.
For complete details refer this:
Rewards If Useful.....
Thanks,
Mandeep Saini
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Hi Jacks,
Data governance is the practice of organizing and implementing policies, procedures and standards for the effective use of an organization's structured/unstructured information assets.In this data is governed through many compliances and standards.MDM play a major role in that like in centralizing,harmonizing ,consolidation etc.
MDM helps in the following way:
SAP MDM allows us to create different types of fields and then set multiple properties of each the field to help maintain data standards.
u2022
A User-Role model for data stewardship helps manage data effectively and also impose security and data ownership.
u2022
Maintaining good quality data is one of the most important parts in Data Governance and fortunately SAP MDM provides extensive features like Validations, Assignments and De-duplication strategies for this.
u2022
SAP MDM provides very user friendly GUI to design and build work flows which help to streamline business process and adhere to various compliance policies.
Hope this may help u.
Rgds
Ankit
Edited by: ankit jain on Jul 23, 2008 2:05 PM
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