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In the beginning was the Word. What is the “Word”? For the purposes of this article, the “word” is Data or Information. It is the basis of all things. Why do we pay so much attention to things rather than the information about them? “Things” are what we can see. “Information” or “Data” about things is what we know about them. One thing may have different definitions, and its Information / Data may vary. These ideas really belong in a philosophy course. The better definition you have, the better you understand the thing itself. Data or Information about things is as important as the things themselves. If you have things but you don’t have information about them, you may have to consider that you don’t really have these things. This presentation is for people who think that Data or Information is an issue for them. For those who think they can own and not understand. This is Data Management for Dummies.
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Dmitry Kovalchuk
ATTENTION
DATA(“Data Management for Dummies”)
i
Your companydepends on resources
You plan resources
You pull resources
You plan resources
You pull resources
You store resources
You plan resources
You pull resources
You store resources
You utilize resources
You plan resources
You manage your resources to be
effective
You manage finances
You manage people
You manage inventories
You manage time
Why don’t youmanage
your data?
Data is not a trivial resource
Data volumes grow much faster than your other resources
V
t
$
About 40% a year
Perhaps your data is…
no longer timely
Perhaps your data is…
no longer timely
hard to access
Perhaps your data is…
no longer timely
hard to access
poor quality
Perhaps your data is…
no longer timely
hard to access
poor quality
incomplete
I hope you are
aware of this problem
Why do youput up with it?
Imagine that your other resources…
are no longer timely
are hard to access
are poor quality
are incomplete
Of course you can take steps
to avoid these problems
ATTENTIONif you don’t manage data
it can become a cancer…
It can be invisible - you might not know about it
It penetrates everywhere
It harms you from the inside
You get inaccurate reports
You make bad decisions
You spend more and more on remediation
You become ineffective
But I have good news for you
Hundreds of companies have avoided this
bad situation
They know one secret
They manage their data like other resources
Their data is always…
in the right time and place
Their data is always…
the right volume
in the right time and place
Their data is always…
the right volume
the right quality
in the right time and place
Their information is accurate
Their information is accurate
They make intelligent decisions
Their information is accurate
They make intelligent decisions
They trust their decisions
They are successful
Do you want to be like them?
It is NOT simple:Manage Your Data
Best practices to get you started
Start with the most important information –
Master Data
customers
products
employees
materials
suppliers
sites
services
partners
equipment
assets
Start small – chooseone data domain
Customer Master Data
CRM
ERP
DWH
Other
such as Customer Master Data
Think Big – move towards Enterprise Information
Management
Unstructured data
Metadata
Reference data
Big data
Transactional data
Master dataOther data
Enterprise Information
Stable Data Governance
ResponsibilitiesAccountability
ProceduresProcessesStandards
PoliciesMetrics
Roles
Implement prescriptive technologies
Measure the quality of data and business
benefits
All this leads to:
Your data is a usable,trustworthy resource
Thank you for attentionsee more
http://mdmcommunity.ning.com/
http://www.linkedin.com/groups/MDM-World-4558032/about
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