Thomas Edison may have understood the importance of Master Data Management before the term was formally coined. He said, “The value of an idea lies in the using of it.” While ideas in the early 20th century relied on thoughts and things, ideas in this information age depend on data. Take reference data: unchanging tags […]
Master Data Management Equals Pain
Click to learn more about author Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so much […]
How Master Data Management Enables Two Types of Data Monetization
Click to learn more about author Bill O’Kane. According to Gartner, data monetization refers to the process of using data to obtain a quantifiable economic benefit. Internal or indirect methods include using data to make measurable business performance improvements and inform decisions. External or direct methods include data sharing to gain beneficial terms or conditions […]
What Is Reference Data?
Reference data (a.k.a. as master data, or golden copy, or single source of truth [SSOT] ) describes the set of data an organization needs for daily operations. According to the DAMA-DMBoK2, reference data characterizes or classifies or relates to other data or information external to the organization. It describes the core entities of the business […]
Do You Have the Data Behind Your Ideas?
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so […]
How to Connect Data Management to the Essence of Your Business
Click to learn more about author Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so much […]
Three Bad Data Ideas to Avoid
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so […]
Truth Before Meaning with Data and Analytics
Click to learn more about author Scott Taylor. There is data and there is analytics. They work together. They need each other. These two things are linked, but it helps to think of them separately. From my perspective data is about determining the truth. Analytics is about deriving meaning. I would suggest that most data experts already […]
Prometheus Group Launches Master Data as a Service
A new press release states, “Prometheus Group, a leading global provider of asset management operations and optimization software, today announced the introduction of Prometheus Master Data as a Service (MDaaS). The solution provides heavy asset enterprises with all data cleansing and sustainment done as a subscription service and includes a standardized industry taxonomy. This is […]
Fighting for the Poetry in the Data Space
Click to learn more about video blogger Scott Taylor. The Data Rants video blog series begins with host Scott Taylor “The Data Whisperer.” The series covers some of the most prominent questions in Data Management such as Master Data, the difference between Master Data and MDM, “truth” versus “meaning” in data, Data Quality, and so […]