There’s growing recognition in the analyst community that reference data is a form of master data that requires its own governance. Locations, currency codes, financial accounts, and organizational hierarchies are so widely used in an organization that mismatches can result in: reconciliation issues, poor quality analytics or even transactional failures.
While it’s easy to see how poor reference data management (RDM) can cause problems, many companies struggle with determining how to get started. Multiple questions arise: What’s the scope? How should one choose between RDM solutions? How do I compute ROI? To answer these questions and more, Orchestra Networks teamed up with Aaron Zornes, Chief Research Office of the MDM Institute and Godfather of MDM, for: Everything you ever wanted to know about Reference Data (but were afraid to ask).
In this hour long webcast featuring Aaron Zornes (MDM Institute) and Conrad Chuang (Orchestra Networks) you will learn the:
Characteristics of reference data,
Key features of a reference data management (RDM) solution,
Lessons learned RDM implementations,
and more
24. Technip: MDM / RDM essential to delivering
multi-billion € oil & gas projects
• Projects require coordination across multiple company and
functional areas
– Up to 16 Technip companies can be involved for one project
• Data coherence, sharing and timely availability are key
success factors
• Private and Public reference data
26. Adaptation / Customization essential to supporting
downstream applications
Same structure,
Different values
Child inherits
structure, but not
labels. Good where
same hierarchy is
Parent used globally and
only labels are
changed
Different
structure, Same
values
Child inherits values,
Different structure, but not structure.
Different values Good when
hierarchy is
Child partially inherits customized to fit
structure and values. functional area.
Good where hierarchy
and labels change
overseas, such as a
foreign subsidiary with
a different product
hierarchy
33. About Orchestra Networks
• Orchestra Networks is a leading Reference / Master
Data Management vendor.
• Sole focus is MDM/RDM Platform: EBX5
• Company founded in 2000
• Stable, privately-held
www.orchestranetworks.com/rdm