Master Data Management (MDM) and Information Governance Initiatives
Data quality...what you need to know

Organisations of all sizes and in all industries are recognising the importance of high-quality data and the critical role of data quality in information governance and stewardship driven by broader enterprise information management initiatives. As a result, their interest in the role of tools and technology for data quality improvement continues to grow. Data quality functionality is also being recognised as a fundamental component of offerings in many related software markets, such as data integration tools, master data management (MDM) solutions and business intelligence (BI) platforms.

The demand for data quality tools continues to see significant growth, and this is a clear indication of the convergence of data profiling, data-cleansing operations and domain-specific management. A macro trend of convergence of the data quality tools market and the related market for data integration tools continues, as organisations recognise that data integration activities must provide more than simply data delivery – they must ensure the quality of the data being delivered enhances the value of data integration investments. Integration of these capabilities into a single architecture and product – specifically, integration at the metadata level, for example, a single unified metadata repository or the ability to apply findings from one toolset to create inference outcomes in another.

A significant trend in this market is the continued expansion of the tools’ capabilities beyond the basic data quality operations of parsing, standardisation and matching of structured data assets in a narrow set of data domains (for example, customer data only). Vendors are delivering technology with a focus on data quality analysis, pervasive deployment of data quality controls, ongoing data quality monitoring and flexibility to address a range of data subject areas, with advanced techniques.

Data quality assessment and monitoring technology is coming to the fore innovation in the data quality tools market relates to technology to help organisations measure and monitor levels of data quality focusing on domain-agnostic data quality services, based on a centrally managed set of business rules.

To understand more about how Data Quality and Master Data Management tools from leading software vendors - such as SAP NetWeaver Master Data Management (MDM), BusinessObjects Master Data Management, Business Objects Data Services, Oracle master data management and Cognos 8BI MDM - could help you leverage the value of your data please contact us:

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