OneData for Master Data Management
OneData is used by enterprises to centrally manage master data - across different subject areas - in order to promote governance and improve data accuracy.
OneData aids enterprises by improving the management of their core master data sets through a central, consolidated (either physical or virtual) repository which, in turn, defines the processes to govern the master data. The centralized repository also provides the means to reconcile the differences, create a 'Gold' copy of master data, and to deploy the data to applications that need it.
The solution, which includes an accompanying methodology, addresses all the typical challenges faced by enterprises while consolidating master data: disparate sources, differing definitions, current distributed processes - and the lack of a centralized repository for governance.
Highlights of the software solution:
- Accepts any data model as the underlying structure; fully extensible, and covers multiple subject areas.
- Abstraction layer to present data to business in business terms.
- 'Virtual' or physical centralized repository.
- Open framework to integrate external tools such as for data cleansing and profiling.
- Built-in collaborative framework to effectively manage and govern master data.
- Mature solution, currently at release 5.4, and with numerous lifecycle implementations.
Business benefits:
- Accurate and consistent information.
- Greater transparency in managing data.
- Easily expand the definitions to correspond to business needs.
- Easy governance of master data using OneData.
Benefits for IT:
- Improved flexibility and responsiveness to business needs.
- Easy deployment through web based interface.
- Hides technical complexities of data model and interfaces from business users.
- Increased efficiency and reduced costs to manage master data.
To understand "What is Master Data" click here