Enterprise wide Master and Meta Data Management
Master Data Management (MDM)
Enterprise wide master data can be described as the lifeblood of an organization as well as a valuable enterprise asset. It enables organizations to have golden source to a variety of critical data pertaining to entities such as customers, business partners, third-party service providers, and local and international markets. Implementation of advanced enterprise-wide master data management systems has made it easier for businesses to make critical decisions that have potential to affect customer satisfaction, sales, revenues, profits, and regulatory compliance, among others.
At Synechron, we understand that optimal enterprise wide master data management can be achieved through a 5 step process that helps understand the data disparity across applications/ geographies in the organization and proceeds to implement and manage a master data solution as below
Meta Data Management
Meta data refers to the structured information about "who, what, why, when, where and how" of the organizational data. It helps to link various lines of business and organizations (Mergers & Acquisitions) to a common data definition/description of data. Comprehensive data management efforts need to synchronize with the various systems that are operational throughout the organization. It is necessary that these systems make use of common, lucid descriptors and definitions, to be able to deliver quality performance.
Synechron's Meta data management services are part of a much wider vision to help organizations manage their critical data and information in today's highly competitive business environment that results in efficient information/knowledge sharing, increased productivity and efficiency and helps in Data Stewardship, Data Confidence & Data Governance for the organization.