One of the most common reasons some large corporations experience massive issues with master data management is growth through mergers or acquisitions. Any organisations which merge will typically create an entity with duplicate master data (since each likely had at least one master database of its own prior to the merger). Ideally, database administrators resolve this problem through deduplication of the master data as part of the merger. In practice, however, reconciling several master data systems can present difficulties because of the dependencies that existing applications have on the master databases. As a result, more often than not the two systems do not fully merge, but remain separate, with a special reconciliation process defined that ensures consistency between the data stored in the two systems. Over time, however, as further mergers and acquisitions occur, the problem multiplies, more and more master databases appear and data-reconciliation processes become extremely complex and consequently unmanageable and unreliable. Because of this trend, one can find organisations with 10, 15 or even as many as 100 separate, poorly integrated master databases, which can cause serious operational problems in the areas of customer satisfaction, operational efficiency, decision support and regulatory compliance.
Strategix’ data management tool can be used to support master data management by removing duplicates, standardizing data (mass maintaining) and incorporating rules to eliminate incorrect data from entering the system in order to create an authoritative source of master data. Master data are the products, accounts and parties for which the business transactions are completed.
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No matter what size your data is, Strategix has the right tools and experience to help you make use of your most valuable resource.
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