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This session emphasizes on the fact that the data life cycle is a crucial aspect of managing information. The data information life cycle encompasses various stages and processes. Data quality, in a nutshell, involves compliance with industry regulations. Data quality audits play a significant role in adhering to BCBS239 standards.
- PACT – dimensions of data quality are critical to enabling effective MDM.
- Focus on continuous data management and improvement as key to data quality strategy.
- Orchestration, harmonizing and synchronising multiple data items is extremely important while creating business objects.
- MDM typically delivers a “hub” infrastructure to source and distribute master data and governance is important for data quality