One Data Governance for Them All – Master Data Included

Editor's Notes

• #2: Thank you for joining us today. My name is Susan Pawlak, I am the Sr Manager of Product Marketing for Precisely.
• #3: No one can deny that the last couple of years have been an absolute whirlwind. First and foremost, we all know the Pandemic created a seismic shift that has impacted virtually every part of daily life and business for a protracted period of time. Compliance with the changing regulatory and privacy requirements imposed by states, industries, business partners, and customers has also demanded increased investment. And, unprecedented geopolitical instability has created sustained global economic uncertainty that we must all reckon with.
• #4: But we also saw the economic downturn impacting organizations … and strongly influencing their data strategy. According to a recent study by Drexel University’s LeBow college of business…. Data professionals reported significant impacts from the economic downturn – with 40% experiencing a reduction in staffing and resource allocation, and 37% reporting a decrease in their budgets.  But! The survey also showed that they are taking steps in their data strategy to manage through these constraints. Responses showed a focus on technologies that will help organizations manage through resource shortages – cloud adoption, AI/ML, workflow automation – and prioritizing data democratization and digital transformations. These all stand out as strategies that can offset the decrease of resources and skilled workers while amplifying decision-making insights. Overall, the survey showed that organizations are shaping their data strategies to address macro trends.
• #5: Yet, the Drexel survey also found that 76.6% of respondents reported that data-driven decision-making is the most important GOAL for their organizations’ data programs – even overshadowing operational efficiency at 73%, cost reduction at 62%, and revenue generation at 59%. Clearly, in response to the macro trends I described, organizations are relying on hard data to drive their decisions across all areas of their business.
• #6: And HOW are they doing this? 41% report DATA GOVERNANCE as a top priority for data programs this year.
• #7: So what must a roadmap for data-driven decisions include?Cross functional teams that can collaborate and understand the full lifecycle of data in a single unified solution delivering ENTERPRISE-WIDE DATA LITERACY It must include robust & automated data access, quality, and observability capabilities seamlessly integrated to achieve CONFIDENCE around your most critical data Meta data AND MASTER data must be easily cataloged, discovered and managed to EMPOWER TEAMS to find quickly insights and take action on high priority tasks and events
• #8: To achieve those requirements, you need what we call data integrity. Data integrity is data with maximum accuracy, consistency, and context for confident business decision-making.
• #9: But Data Integrity is a Journey and every journey is UNIQUE to each company to address your specific business initiatives. Today we’re talking about the value of One Data Governance for All that can address those macro trend and impacts NOW – AND in the future. The Precisely Data Integrity Data governance service enables you to Manage data policy and processes with greater insight into your data’s meaning, lineage, and impact ENTERPRISE-WIDE Is Flexible and extensible to adapt to multiple use cases across your organization – including master data management Is intuitive and user-friendly so business and IT teams can collaborate and quickly interact for timely business insights With Precisely data quality, you can increase the confidence in data with automated and integrated rules and alerts to deliver data that’s accurate, consistent, and fit for purpose across operational and analytical systems and proactively uncover data anomalies to act before they become costly downstream issues. And depending on your use case – or where YOU are on your data integrity journey, Precisely Data Integrity solutions delivers Powerful Data Integration capabilities to break down data silos and derive real-time analytics quickly by building modern data pipelines and models And Location intelligence to derive and visualize spatial relationships to reveal critical context for better decisions or ENRICH your business data with expertly curated datasets containing thousands of attributes for faster, more confident decisions Precisely data integrity solutions work together and are powered by machine learning intelligence to optimize your teams, resources, and investments.
• #10: Over 12000 businesses leverage Precisely technology across the globe to build value, and work seamlessly with both your traditional and modern tech stacks to help you optimize your investments now – AND in the future As the leader in data integrity, Precisely’s modular and interoperable data integrity solutions contains everything you need to deliver accurate, consistent, contextual data to your business – wherever and whenever it’s needed.
• #11: Thanks for listening – If you’d like to learn more please scan the QR code or visit our website to continue the conversation. Let me turn it back to Shannon to hear more about One Data Governance for All How will the rise of artificial intelligence impact data integrity? With the lack of skilled data governance expertise, we are having trouble getting started. How do your customers address this? Can I get a copy of the Drexel University Survey you mentioned?