Just the Facts: Debunking Misconceptions about Enterprise Data Management
0 likes88 views
The document discusses enterprise data management (EDM), highlighting its features, architecture, and comparison with previous models like data relationship management (DRM) and enterprise performance management architecture (EPMA). It emphasizes EDM as a 'source of truth' for master data, offering enhanced data integrity, governance, and integration capabilities. The summary also covers the evolution of Alithya, the speaker's background, and the advancements made in EDM since its inception.
Just the Facts: Debunking Misconceptions about Enterprise Data Management
- 1. Just the Facts: Debunking Misconceptions about Enterprise Data Management Kevin Black Product Manager – Master Data, Alithya
- 2. ➢Introduction ➢EDM Overview ➢True or False: ➢ “I heard EDM is / is not <blank>” ➢EDM and DRM Comparison ➢Summary ➢Q&A AGENDA
- 3. 2001 Hyperion Planning introduced to the market (1st Essbase embedded app) 2007 Enhanced Consolidation practice with world class capabilities 2009 HPCM introduced to the market – Alithya design review 2010 Established Strategic Finance practice to complement our Planning expertise 2012 Exalytics & Performance Testing Lab Establish multi product focus & advisory Proven business analytics leader with a history of successful implementations and continuous growth 2016 Deepened geographic footprint and EPM Cloud expertise 2015 Developed Discovery & Modern Data Architecture Approach 2014 Introduced Hosting, Support & Managed Services Offerings 2018 Alithya becomes an EPM/ERP/ Analytics Cloud Powerhouse 1992 Origin of the company 2020 Alithya Acquires Travercent to Strengthen its Position in Healthcare ALITHYA COMPANY HISTORY
- 4. >Alithya offers EPM, ERP, & Analytics solutions >Proven business analytics leader with a history of successful implementations & growth >20+ years of implementations Advisory Services Implementation Services Technical Services Hosting & Support Training Services Intellectual Property >1,000 clients >4,000 projects >7 Oracle ACEs >Certified Cloud resources >EPM, ERP, & Analytics solutions ORACLE PRACTICE
- 5. Professional: ➢ 30+ years experience in multiple IT roles with technology companies including Hewlett-Packard, Agilent Technologies, and First Data Corporation ➢ Involved in EPM space since 2005 – first as a client, then as a consultant since 2014 ➢ EPM career was focused on DRM/DRG until… EDM was born! ➢ Oracle ACE Associate Personal: ➢ Husband, proud #girldad, owner of goofball puppy ➢ Reside in southern AZ (AZ native); lived many years in CO ➢ Avid sports fan; like to torment myself by rooting for my favorite teams Twitter:@kblackEPM Blog: https://www.alithya.com/en/insights /author/kevin-black ABOUT THE SPEAKER
- 6. Recipes for the Oracle Cloud: Cooking with OneCloud in your EPM Kitchen Tuesday | 5/19 | 1:00 -1:45 PM ET | Speaker: Wayne Paffhausen Alithya Lights Out! EPM Cloud Automation at Thomas Jefferson Using Rest API Tuesday | 5/19 | 3:00 – 3:45 PM ET | Speaker: Vatsal Gaonkar, Alithya Just the Facts: Debunking Misconceptions about Enterprise Data Management Tuesday | 5/19 | 4:00 – 4:45 PM ET | Speaker: Kevin Black, Alithya Essbase Calculations: Elements of Style Thursday | 5/21 | 3:00 – 3:45 PM ET | Speaker: Ron Moore, Alithya Taking off to Flying Solo: Tracing Wright Medical’s Flight Plan into the Cloud Thursday | 5/21 | 11:00 – 11:45 AM ET | Speakers: Nick Boronski, Alithya; Kim Province, Wright Medical Think Outside the Close: Profitability & Costing Reconciliations in Account Reconciliations Cloud Thursday | 5/21 | 12:00 – 12;45 PM ET | Speaker: Nick Boronski, Alithya Interstellar – The Thomas Jefferson Enterprise EPM Cloud Journey Friday | 5/22 | 12:00 – 12:45 PM | Speakers: Vatsal Gaonkar, Alithya; Michael Cain, Thomas Jefferson Our Alithya Sessions
- 7. EDM OVERVIEW
- 8. • Manages Master Data (not financial/transactional data) • Hierarchies, dimensions, mappings • Application-centric framework • EDM is based on applications and dimensions • Purpose-Built • EDM is purpose-built for deployment to specific target application types • Adapters • EDM comes with 6 adapters (Standard Planning, Enterprise Planning, Financial Consolidation and Close, Financial Cloud GL, Oracle EBS, Custom/Universal) • Two pods • Production and Test environments • Each environment can contain multiple EDM applications • Licensing based on unique records • Unique nodes/members across all EDM applications ENTERPRISE DATA MANAGEMENT OVERVIEW
- 9. • System of Reference • Single “Source of Truth” for enterprise master data • Direct integration to EPM Cloud applications • Master Data Integrity • Automatic enforcement of master data quality - referential integrity, validations, hierarchy comparisons • Modern User Interface • Default views and maintenance views optimized for change management • Built-in visualization of changes, drag-n-drop operations, side-by-side hierarchy comparison • Audit Trail • All master data changes governed by a request mechanism • Always-on granular audit trail of every change performed in EDM • Subscriptions • Provides mastering of shared hierarchy updates across EDM applications • Data Governance • Approval Policies available out of the box (no additional licensing fee) ENTERPRISE DATA MANAGEMENT FEATURES
- 12. #1: I heard EDM is just “DRM in the Cloud” • EDM is a completely new product, built with a new architecture and philosophy • It is DRM “re-imagined” – it is not DRM ported to the cloud • EDM is the cloud successor to DRM but goes about it in a different way • There are similar concepts with DRM: • Add / Insert • Remove / Delete • Hierarchy and Property Pane UI • Node Types • But there are many more differences in data model and philosophy Answer: FALSE
- 13. #2: I heard EDM is just “EPMA in the Cloud” • EDM utilizes similar concepts for cloud deployments as EPMA did for on-premise deployments • Shared and Application Specific Libraries • Purpose-built deployments for specific target applications • However, EDM goes beyond that… • Foundational, master data hub • Collaboration • Approval Workflows • Subscriptions • Custom Validations • Derived Properties Answer: KIND OF
- 14. #3: I heard EDM is the same as DM (Data Management) • Enterprise Data Management and (Cloud) Data Management are two separate products • EDM to DRM is like DM to FDMEE • EDM • Master Data (Financial, Analytical, Operational) • Reference Data • Hierarchies, alternate rollups, CoA structures • Cloud Data Management • Financial Data • Mappings • Data Integration / Loads Answer: FALSE
- 15. #4: I heard EDM is not ready for “prime time” • Real World EDM Implementations We Have Done • Implementations with multiple cloud targets – both packaged adapter (PBCS, EPBCS, FCCS) and custom adapter (PCMCS) • Mappings (for cost allocation rules) • On Premise integration (HFM) • ERP integration (SAP, EBS) • Derived Properties and Custom Validations • Approval Workflows (including complex workflows at the Node Type/Hier Set levels) • Automation of imports, exports, requests (EPM Automate, RESTful API, PowerShell, Python, FDMEE) Answer: FALSE
- 17. Feature DRM EDM CORE FEATURES Manage Primary/Alternate Hierarchies ✓ ✓ Shared Nodes ✓ ✓ Audit/Transaction History ✓ ✓ Member Name/Description Search ✓ ✓ Property Query/Search ✓ Versioning ✓ ✓ Bulk Update Capabilities ✓ ✓ PROPERTIES Derived Properties ✓ ✓ Property Inheritance ✓ ✓ HIERARCHY COMPARES Missing nodes, relationship diffs, property diffs ✓ ✓ EDM and DRM Comparison
- 18. Feature DRM EDM VALIDATIONS Out of box and custom validations ✓ ✓ DATA GOVERNANCE (licensed separately) (included) Approval Workflows ✓ ✓ Sequential and Parallel Approvals ✓ ✓ Separation of Duties ✓ ✓ Workflow Forms ✓ Enrichment Workflows ✓ INTEGRATION Changed Data Capture Capabilities ✓ ✓ Packaged EPM Cloud Adapters ✓ Import/Export Flat File Sources ✓ ✓ (csv) Import/Export SQL Sources ✓ Custom Transformation on Export ✓ EDM and DRM Comparison
- 19. SUMMARY
- 20. SUMMARY • EDM is most definitely ready for “prime time” • It has come a long way in a short time • Heavy R&D investment from Oracle; major functionality introduced typically 1x/quarter • EDM matches up well to DRM • Different products/architecture/philosophy but feature set aligns nicely • Product gaps being actively addressed • New Features Since Jan 2018 Release: • 3 additional packaged adapters (FCCS, Financial Cloud GL, Oracle EBS) • Approval workflows • Custom validations • Derived properties • Property inheritance • Collaboration capabilities • Enhanced search capabilities • Full audit trail/transaction history reporting • Enhanced comparison functionality • Enhanced change detection (changed data capture) functionality • Enhanced Subscription functionality for sharing of master data
- 22. infosolutions@alithya.com You can email us questions: Read our blog for insight and find answers to your questions: alithya.com/insights Visit our website to find the right solution and learn how we can help you: alithya.com/oracle