MDM & Data Governance
The velocity of change in today's business environment is motivating companies to improve existing business processes and to adopt new ones to stay one or two steps ahead of their competition. Better use of an organization's number one asset – its data – is a prime way to accomplish this, because without clean data and supporting business processes, an organization is going to struggle with its initiatives around growth, profitability and innovation.
Data governance programs provide the enterprise with clean, consistent, accessible and insightful data in the proper context through consistent business processes in order to:
- Maximize income-generating potential of data
- Increase confidence in decision making
- Decrease the risks and costs of non-compliance
- Create accountability for information quality
For example, an electronics distributor in North America is using a TIBCO data governance solution to significantly reduce the amount of time it takes to on-board new products. Because data from their suppliers is cleansed and enhanced prior to flowing into their optimized product introduction workflow, they now take orders sooner and deliver products faster than the competition.
Ultimately, the goal is to develop and deploy policies and procedures – along with the technology and people – that will maintain high levels of confidence in the data used throughout an organization. TIBCO has the key technologies needed for every step of creating and implementing an effective and successful data governance program that ensures data can be trusted, making the enterprise more efficient and mitigating risks. The elements of TIBCO's Data Governance programs include Master Data Management, Data Quality and Data Matching.
Industry Topics
- Master Data Management: Master data management (MDM) allows organizations to manage the complex hierarchies and relationships within their data, such as those between products, customers, vendors or locations. MDM ensures that an organization's critical information is accurate and consistent across the organization's systems – spanning geographic, line-of-business, third-party, and application silo boundaries.
- Data Quality: TIBCO's Data Quality validates data, ensuring that data is what you think it is, and is the only data quality platform purpose-built for business and IT collaboration. Business managers are able to work side-by-side with IT to improve and manage the quality of information.
- Data Matching: TIBCO® Patterns identifies duplicate suspects and is at the core of most every business process. Whether you need to match an invoice with a purchase order, a purchase transaction with a customer history, a warranty claim with an owner registration, or a part number with a supplier's price list, data matching is the key capability that drives them all.
