Data Governance and Master Data Management (MDM) are overlapping disciplines. When embarking on a data governance initiative you may encounter some difficulties in what belongs to the data governance side and what belongs to the master data side. One of the challenges is that data governance should also encompass other data than master data. The most common examples are reference data and other critical application data than master data.
So, while you may get coverage for setting up data stewardship, processes and the data platform for master data in a traditional MDM tool, other important aspects as the data governance related to Reference Data Management (RDM) and Application Data Management (ADM) may have to be implemented separately.
This calls for taking the MDM solution to the next level by encompassing reference data and application data as well. In that way essential data governance definition components as a business glossary, data policies and data standards as well as the enforcement components through data stewardship can be implemented in a collaborative way:
In this case the MDM platform will be extended to be an intelligent data hub. In collaboration with FX Nicolas I will be presenting such a solution in a webinar hosted by Semarchy. The webinar goes live Wednesday 13th November at 5pm CET / 11am ET. Register here on Intelligent Data Hub: MDM and Beyond.