Data Management for Dummies
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The document emphasizes the importance of managing data as a critical resource for organizations, highlighting that data quality issues can lead to ineffective decision-making and increased remediation costs. It outlines best practices for data management, including starting with key information domains and implementing governance and accountability. Successful companies manage their data effectively, resulting in accurate information and intelligent decisions.
Data Management for Dummies
- 1. ATTENTION DATA i (“Data Management for Dummies”) Dmitry Kovalchuk
- 2. Your company depends on resources
- 4. You plan resources You pull resources
- 5. You plan resources You pull resources You store resources
- 6. You plan resources You pull resources You store resources You utilize resources
- 7. You manage your resources to be effective
- 11. You manage time
- 12. Why don’t you manage your data?
- 13. Data is not a trivial resource
- 14. Data volumes grow much faster than your other resources V About 40% a year $ t
- 15. Perhaps your data is… no longer timely
- 16. Perhaps your data is… no longer timely hard to access
- 17. Perhaps your data is… no longer timely hard to access poor quality
- 18. Perhaps your data is… no longer timely hard to access poor quality incomplete
- 19. I hope you are aware of this problem
- 20. Why do you put up with it?
- 21. Imagine that your other resources…
- 22. are no longer timely
- 23. are hard to access
- 24. are poor quality
- 25. are incomplete
- 26. Of course you can take steps to avoid these problems
- 27. ATTENTION if you don’t manage data it can become a cancer…
- 28. It can be invisible - you might not know about it
- 30. It harms you from the inside
- 31. You get inaccurate reports
- 32. You make bad decisions
- 33. You spend more and more on remediation
- 35. But I have good news for you
- 36. Hundreds of companies have avoided this bad situation
- 37. They know one secret
- 38. They manage their data like other resources
- 39. Their data is always… in the right time and place
- 40. Their data is always… in the right time and place the right volume
- 41. Their data is always… in the right time and place the right volume the right quality
- 43. Their information is accurate They make intelligent decisions
- 44. Their information is accurate They make intelligent decisions They trust their decisions
- 46. Do you want to be like them?
- 47. It is NOT simple: Manage Your Data
- 48. Best practices to get you started
- 49. Start with the most important information – Master Data materials sites customers products services equipment suppliers employees assets partners
- 50. Start small – choose one data domain CRM DWH ERP Other Customer Master Data such as Customer Master Data
- 51. Big Metadata data Transactiona l data Enterprise Reference Information Unstructured data data Other data Master data Think Big – move towards Enterprise Information Management
- 52. Responsibilities Accountability Procedures Processes Standards Policies Metrics Roles Stable Data Governance
- 53. Implement prescriptive technologies
- 54. Measure the quality of data and business benefits
- 55. All this leads to:
- 56. Your data is a usable, trustworthy resource
- 57. Thank you for attention see more http://mdmcommunity.ning.com/ http://www.linkedin.com/groups/MDM-World-4558032/about