Earlier this month, Data Foundations, a provider of enterprise data management and governance solutions, and Trillium Software announced a partnership to integrate Trillium’s data quality engine in real-time within Data Foundations’ OneData offering. This announcement adds to other offerings that are starting to build data management platforms to meet the full variety of enterprise needs without having to develop a piecemeal approach to data management.
On a practical level, companies are becoming more mature within their master data management implementations and realize that one piece of the pie is not enough. Organizations require data quality, data governance, etc. related initiatives to make sure that they have proper visibility into their business. According to Data Foundations Chief Architect Deepali Khanduja, “the growing popularity of the platform approach to master data management is largely because organizations now recognize that they need to treat data uniformly, whether the data is about Customer or Product, Supplier or Location, Reference Data or Metadata, and share it across the enterprise.” The ability to develop a holistic approach data saves companies a lot of time and effort in terms of reconciling customer information, identifying potential risk or negating fraud, performing analytics, and meeting compliance.
In addition, “to ensure true confidence in the data and to really make the data actionable, organizations need to pay attention to data governance and look for a solution that has these capabilities built into its core,” says Khanduja. “Let’s face it, data governance takes on different definitions and scope, depending on who you talk to. In the context of MDM, the right data governance solution must enforce rules, authorizations and structured workflow processes, as well as provide comprehensive auditing, logging and exception reporting. Recently, users of our OneData MDM platform have been requesting additional functionality for dashboarding and profiling in an effort to extend their existing governance capabilities and to make to easier to monitor compliance."
And this is not just true of OneData customers, as organizations’ master data management environments become more mature, they will strive towards integrating broader solution functionality and flexibility in order to get actionable results based on their data.
About the Author
Lyndsay Wise is an industry analyst for business intelligence. For over seven years, she has assisted clients in business systems analysis, software selection and implementation of enterprise applications. Lyndsay is the channel expert for BI for the Mid-Market at B-eye-Network and conducts research of leading technologies, products and vendors in business intelligence, marketing performance management, master data management, and unstructured data. She can be reached at firstname.lastname@example.org. And please visit Lyndsay's blog at myblog.wiseanalytics.com.
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