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Masterdata Management

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The Chief Data Officer Management Handbook
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Abstract

Data Management is about Analytics, Machine Learning, and insight through visualization, right? So, why does this book deal with Masterdata right after its Strategy part, even before covering Data Governance?

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Notes

  1. 1.

    Forty percent of all CPOs mentioned “Inability to generate analytics and insights across these systems.” No other point was mentioned by more than 33 percent of all CPOs.

  2. 2.

    A typical example for an external reference exchange rate that you could subscribe to and make it the basis of your online price calculation is the “hourly closing rate,” published by The World Markets Company PLC, Edinburgh (“WMR”).

  3. 3.

    Those styles and their names are not standardized. You find different names and different delineations of styles in literature. MDM solutions come with their own structure and verbiage as well.

  4. 4.

    You may want to ensure the product owner is a member of the Data Office to avoid functional bias.

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© 2020 Martin Treder

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Treder, M. (2020). Masterdata Management. In: The Chief Data Officer Management Handbook. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-6115-6_5

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