Kinshuk Dutta New York
-
-
-
Master Data Management (MDM) Solutions for the Finance Industry: A Pathway to Operational Excellence In today’s financial landscape, data has become the cornerstone of decision-making, compliance, and operational efficiency. For financial institutions, managing data effectively is not just a competitive advantage—it’s essential for survival in a highly regulated and data-driven environment. Master Data Management (MDM) offers a structured approach to consolidating and governing critical data, ensuring that it remains accurate, consistent, and readily available across the organization. MDM solutions allow financial institutions to build a single source of truth for their most important data assets, such as customer information, legal…
-
Choose- What’s right for you… Not what you are lured with!! We are often confused by our needs. Sometimes we do not have options and have to trust what we get as the best and some other times we are showered with so many offers that we are not sure whether what we are choosing is actually what we want. Brand names, attractive features, extravagant style often blinds our judgment and we end up with a rather overpriced superficially complex, and high-maintenance seeking product. Typical MDM Project – Business Value realization The goal of any MDM implementation…
-
What are the different classification of Data? Data can be widely classified as: Transactional Data Master Data Reference Data Meta Data Analytical Data What is Master Data? Master data is typically persistent, non-transactional data utilized by multiple systems that define the primary business entities. Master Data may include data about customers, products, employees, inventory, suppliers, and sites. What is Data Profiling? Data profiling is the process of examining the data available from an existing information source and collecting statistics or informative summaries about that data. They are widely categorized as Structure discovery Content Discovery & Relationship Discovery In order to…
-
What is Master Data Management It’s the process of managing “Master Data”. Master Data Management is a technology-enabled discipline in which business and Information Technology work together to ensure the uniformity, accuracy, stewardship, semantic consistency, and accountability of the enterprise’s official shared master data assets. Wikipedia What is Master Data Enterprize data can be broadly categorized as : Transactional data are the elements that support the on-going operations of an organization and are included in the application systems that automate key business processes. This can include areas such as sales, service, order management, manufacturing, purchasing, billing, accounts receivable, and accounts…
-
Simple Problem Statement Managing the following Master Data domains: PARTY Domain Patients Health care providers (HCP) Doctors (which is a subset of HCP) LOCATION Domain Health care organizations (HCO) Hospitals (which is a subset of HCO) PRODUCT Domain Drugs @ NDC Medical Devices Managing the following Reference Data domains: NUCC taxonomy NPI number Managing the following Metadata domains: Business metadata Technical metadata Managing Compliances! My Setup Hardware Server: Macbook Pro Software MDM Product: Orchestra Network’s EBX5 Database Server: Postgres SQL Detailed Capabilities & Use Cases Consolidation Use Case Match Engine Vocabulary Data Quality Check the data quality of the source…
-
EBX5: Modern data management Model-driven software: Can absorb any data model and generate data management applications on the fly (what you model is what you get) All data management capabilities in one software (no OEM or 3rd party components) https://www.orchestranetworks.com/post/orchestra-networks-ebx5-first-in-master-data-management-technology-for-5th-consecutive-year Kinshuk Dutta Lisboa, Portugal.
-
[Multi – Domain] Master Data management My blog started with the concept of MDM explained in Master Data Management (CDI/IR/PIM) published in 2008. I will try to redefine some of the terms from the previous MDM blog. Master Data: It is the information that may include data about customers, products, employees, materials, suppliers, etc. often it is non-transactional in nature. In the context of MDM, master data can support transactional processes and operations also. Business-wise the analytics/reporting of an enterprise greatly depends on its master data. Master data is often used by several functional groups and stored in different data…