CEO at a tech services company with 51-200 employees
Real User
Jan 26, 2021
The DG solution addresses mainly business glossaries, policies, rules, meanings, complainces like GDPR, DG worflows, table references, data catalog, data flow (lineage, impact) and data profing; MDM must manage the main data of the business domains (customers, suppliers, products ...) however MDM must provide meanings of terms/semantic and definitions of the master data, so there is an intersection area between both; DG is a umbrella and MDM is focused on specific subset of definitions.
Search for a product comparison in Master Data Management (MDM) Software
Data Governance is a collection of practices and processes which help to ensure the formal management of data assets within an organization.
Master data management is a technology-enabled discipline in which business and Information Technology work together to codify and ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of an enterprise's official shared master data assets. MDM is the systemic technology that enables and enforces Data Governance.
A brief informal answer is that Master Data Management is a very specific data architecture to sustain a high-quality system of record aka "golden records" enabled by specialized MDM hub technology.
Data Governance covers primarily the people and process elements of data management through the implementation of associated organizational structures, roles, responsibilities, processes and standards in order to sustain well-managed and reliable data across the organization.
MDM and DG are complementary and each supports the other.
Data Governance (DG) is managing the data used in an organization for security, usability, availability and integrity. A sound data governance program includes a governing body or council, a defined set of procedures and a plan to execute those procedures.
Master Data Management (MDM) provides new tools, techniques and governance practices to enable businesses to capture, control, verify and disseminate data in a disciplined fashion. Combined with tools for data quality management, this provides the trusted information foundation that companies base their analytics on.
Senior Sales Account Executive - Software at First Decision
User
Aug 17, 2021
MDM solutions are more related to the technical process about data model (customer, supplier, material, products) and process for capture data, enrich data, quality of data, matching capabilities to avoid duplication, golden rules for records surviving, parse/parsing, etc.
Data Governance is more related to the Central Process - to create a specific workflow to request and process requests for the creation and update master data through workflow orchestration with approvals and enrichment under governance with visibility of the process and SLA´s Indicators.
You need to define a model for central or federate governance and create specific teams (with a responsibility) like Custodians, Stewards, Owners for each type of master data, and so on.
Master Data Management (MDM) Software centralizes and organizes critical business data, ensuring its accuracy and consistency across an organization’s operations, increasing data quality and compliance.MDM Software provides an integrated approach to managing, maintaining, and harmonizing data, empowering businesses to break down silos and leverage comprehensive data insights. With user feedback emphasizing ease of integration and robust functionality, MDM solutions facilitate better...
The DG solution addresses mainly business glossaries, policies, rules, meanings, complainces like GDPR, DG worflows, table references, data catalog, data flow (lineage, impact) and data profing; MDM must manage the main data of the business domains (customers, suppliers, products ...) however MDM must provide meanings of terms/semantic and definitions of the master data, so there is an intersection area between both; DG is a umbrella and MDM is focused on specific subset of definitions.
Data Governance is a collection of practices and processes which help to ensure the formal management of data assets within an organization.
Master data management is a technology-enabled discipline in which business and Information Technology work together to codify and ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of an enterprise's official shared master data assets. MDM is the systemic technology that enables and enforces Data Governance.
@Joel Embry thanks for a really simple and clear answer :)
A brief informal answer is that Master Data Management is a very specific data architecture to sustain a high-quality system of record aka "golden records" enabled by specialized MDM hub technology.
Data Governance covers primarily the people and process elements of data management through the implementation of associated organizational structures, roles, responsibilities, processes and standards in order to sustain well-managed and reliable data across the organization.
MDM and DG are complementary and each supports the other.
Data Governance (DG) is managing the data used in an organization for security, usability, availability and integrity. A sound data governance program includes a governing body or council, a defined set of procedures and a plan to execute those procedures.
Master Data Management (MDM) provides new tools, techniques and governance practices to enable businesses to capture, control, verify and disseminate data in a disciplined fashion. Combined with tools for data quality management, this provides the trusted information foundation that companies base their analytics on.
MDM solutions are more related to the technical process about data model (customer, supplier, material, products) and process for capture data, enrich data, quality of data, matching capabilities to avoid duplication, golden rules for records surviving, parse/parsing, etc.
Data Governance is more related to the Central Process - to create a specific workflow to request and process requests for the creation and update master data through workflow orchestration with approvals and enrichment under governance with visibility of the process and SLA´s Indicators.
You need to define a model for central or federate governance and create specific teams (with a responsibility) like Custodians, Stewards, Owners for each type of master data, and so on.