Without MDM there is no enterprise source of reporting metadata (conformed dimensions and hierarchies). When reporting across systems, the individual source system dimensions must be standardized (conformed). ReportingEnterprise hierarchies, dimensions, and attributes are used to aggregate or subdivide the source system data presented in reports. ✓Risk management - Avoiding business risks ✓Regulatory compliance – Maintaining the organization’s good standing with the authorities ✓Reporting – Ensuring accurate reports for high-quality decision making Third Challenge – Building a Business case for MDM✓Reconciliation – Reducing the direct costs of bad data Where we not only consolidate information coming from other systems but also enrich them using MDM and then publish it to everyone else. It is often not possible as there are specialize COTS or custom full-stack apps that address a very specific and business-critical requirement hence cannot be decommissioned hence co-existence is the only option. However lucrative this approach seems to be.
So, start with the Consolidation pattern and aim for the Centralization pattern. Once consolidated then use the MDM product also as the authoring tool and phase-wise decommissioning other authoring solutions. The aim always is to identify data silos and consolidate them. This is the reality in most of the MDM implementation projects. So, if we need consolidation then the MDM solution should be capable of sophisticatedly handle complex matching scenarios and should give the developers the flexibility of choices to pick and select different matching algorithms and different matching techniques. Typically large enterprises that have adopted digitalization long back and have collected information using multiple sources like ERP, CRM, Web Apps, Websites, POS, etc. At times the defined rules in the system are not enough and we will need some expert intervention to resolve duplicities or even to realize whether or not they are duplicates at all like identifying false positives and dealing with them. Then de-dupe it and execute survivorship to generate the Golden record.
And in order to do that we need to bring them all to a central location. When we are aware that there are silos of the same or similar data in the enterprise and we need to harmonize them to create a golden copy in-fact the aim is to identify the best version among all store information.
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