How do I go about setting a successful Master Data Management strategy? - Pulse Q&A

How do I go about setting a successful Master Data Management strategy?

#mdm,#master data management,#strategy @C-Suite Number of answers: 0

Forrest Richardson, CIO

, answered on 2018-10-18T22:31:40.502Z, 7 months ago

I started by outlining principles of what I wanted to accomplish (transparency, self service, targeted power users, more consistently right data outcomes) and then sought out people, process, technology to help realize that vision. Its a long ride so be patient.

upvotes: 1

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Dee Cantrell, CIO

, answered on 2019-03-05T15:36:10.545Z, 3 months ago

I find that setting a MDM strategy is one of the most challenging because most organizational cultures aren't quite savvy around this concept. First thing is to understand that org culture so that you know who your positive and negative stakeholders are and make a plan on how best to leverage those stakeholders in the process. This is also an area ripe for bringing in an outside resource to help guide the development but it needs to be someone who has the scars from having crafted and implemented a MDM strategy before.

upvotes: 0

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Sudhakar Sundaresan, Director of IT

, answered on 2019-03-06T15:02:03.717Z, 3 months ago

Key characteristics of MDM strategy Identification of key data and meta data (data about data) True North of the data source Federation of data and its management Create different tracks (depending on the org size/complexity) Data Ownership -Identify data owners and stewards - maybe a CDO Data Governance - What and how do you govern it Data Management - Ongoing data scrubbing Tool Selection and Implementation Being Patient... as these journeys take awhile

upvotes: 1

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