Mastering Your Data: An Introduction to MDM and Data Governance [Engelstalig]

In today’s data-driven world, organizations struggle to maintain a single, trusted view of their data. This half-day workshop provides an essential introduction to Master Data Management (MDM) and the critical role of Data Governance in ensuring data accuracy, consistency, and value. Through interactive discussions and practical insights, participants will explore key concepts of MDM, learn how to identify valuable data domains, and understand why mastering reference data and implementing data governance strategies are essential for business success. By the end of the session, you will be equipped with the knowledge and tools to drive your organization toward trusted, well-governed data.

Learning Objectives

• What is Master Data Management (MDM): Understand the purpose and benefits of MDM in delivering trusted data.
• Why MDM Matters: Learn the business benefits of having a single, authoritative source of truth.
• Identifying Key Data Domains: Recognize the types of data that can be mastered and assess their value to your organization.
• Reference Data Management: Explore what reference data is, how it differs from master data, and why mastering it is crucial.
• The Role of Data Governance in MDM: Understand why Data Governance is critical to the success of any MDM initiative.
• Practical Insights: Learn actionable strategies for getting started with MDM and Data Governance.

Who is it for?

• Business people with a strong interest in data and how to improve it
• Chief Data Officers and all people working in Data Office roles
• Data Management and Data Governance professionals
• IT professionals who are dealing with master data management and reference data
• BI and Analytics specialists who want to ensure that the quality of data they rely on is fit for purpose
• Business Analysts
• Data Architects
• Data and IT consultants.

Detailed Course Outline

1. Introduction and Objectives

• Welcome and introductions
• Overview of course goals

2. Understanding Master Data Management (MDM)

• Definition and purpose of MDM
• Business benefits of a single, trusted source of data

3. Identifying Key Data Domains

• Overview of data domains in MDM
• Determining the value of mastering specific data domains

4. Reference Data Management

• What is Reference Data?
• Differences between Reference Data and Master Data
• Importance of mastering Reference Data

5. The Role of Data Governance in MDM

• Why Data Governance is critical for MDM success
• Understanding the relationship between Data Governance and MDM

6. Key Takeaways and Next Steps

• Recap of critical learning points
• Practical steps for applying MDM and Data Governance principles
• Open Q&A and discussion