Enterprise Master Data Management: An SOA Approach to Managing Core Information

This is a great book that merges two hot topics in data management today: Service Oriented Architecture and Master Data Management. We highly recommend looking into this book as it can certainly bring value to your organization. Check it out here.

Customer Data Integration: Reaching a Single Version of the Truth

Often times MDM is brought into an organization because of a data warehousing project or to assist with identity resolution type work. This book provides great insight into how to reach that single version of the truth. Get more info.

Data Driven: Profiting from Your Most Important Business Asset

This is a fantastic book that digs deep into the value of Master Data Management and the value that it can bring to your organization. Perfect whether you are pitching MDM or trying to sell its value. Read more about it.

Why Data Is So Important

 

One of my favorite board games to play is battleship. For those of you who do not know what this game is, I will explain. In this game,  you are playing against an opponent where you set up  plastic ships on a X and Y-Axis format board; the Y-Axis is letters and the X-Axis is numbers. You and opponent take turn trying to guess where your opponent has set up his ships on his board. Some ships are considered “sunk” after being guessed(hit) two times, but there are ships that can take up to five consecutive guesses to sink the ship.

I was very competitive at this game growing up, and when I would finish the game, I would always draw my opponents board in my battleship notebook. I did this without my friends knowing it.  We would take a break, or put the game away, but I made sure I did not put away my section of the board. Before I got together with my friends to play again, I would study my notebook and look for patterns my friends had used in the past, and then I would develop a strategy to win the game.

My strategy for battleship led me to love the game of baseball, which is the most data driven sport that I can think of. Everything is calculated in baseball, even the amount of time an  professional athlete visits a mature dating site. For me, I pitched in college.  If I was not pitching, I was gathering data against opposing hitters for our pitching staff to use the next time we faced that team again. We used this data to develop a pitching strategy to get their batters out.

Are you getting the picture as to why data is so important? Data drives decisions! Data drives business strategy. Data is so important that companies pay millions of dollars to collect and understand it. For this reason, data analysts are some of the most stable positions in a company.  Data analysts are needed to help executives make million dollar decisions!

I hope this post gives you another reason mastering data management is so important to a business future. Data if understood correctly can make or break a companies future.