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Data Management for Dummies

In the beginning was the Word. What is the “Word”? For the purposes of this article, the “word” is Data or Information. It is the basis of all things.

Why do we pay so much attention to things rather than the information about them? “Things” are what we can see. “Information” or “Data” about things is what we know about them. One thing may have different definitions, and its Information / Data may vary. These ideas really belong in a philosophy course. The better definition you have, the better you understand the thing itself.

Data or Information about things is as important as the things themselves. If you have things but you don’t have information about them, you may have to consider that you don’t really have these things.

This presentation is for people who think that Data or Information is an issue for them. For those who think they can own and not understand. This is Data Management for Dummies.

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Data Management for Dummies

  1. ATTENTION DATA i(“Data Management for Dummies”) Dmitry Kovalchuk
  2. Your companydepends on resources
  3. You plan resources
  4. You plan resourcesYou pull resources
  5. You plan resourcesYou pull resourcesYou store resources
  6. You plan resourcesYou pull resourcesYou store resourcesYou utilize resources
  7. You manage your resources to be effective
  8. You manage finances
  9. You manage people
  10. You manage inventories
  11. You manage time
  12. Why don’t you manage your data?
  13. Data is not atrivial resource
  14. Data volumes grow muchfaster than your other resources V About 40% a year $ t
  15. Perhaps your data is…no longer timely
  16. Perhaps your data is…no longer timelyhard to access
  17. Perhaps your data is…no longer timelyhard to accesspoor quality
  18. Perhaps your data is…no longer timelyhard to accesspoor qualityincomplete
  19. I hope you areaware of this problem
  20. Why do youput up with it?
  21. Imagine that your other resources…
  22. are no longer timely
  23. are hard to access
  24. are poor quality
  25. are incomplete
  26. Of course you can take stepsto avoid these problems
  27. ATTENTIONif you don’t manage data it can become a cancer…
  28. It can be invisible - youmight not know about it
  29. It penetrates everywhere
  30. It harms you from the inside
  31. You get inaccurate reports
  32. You make bad decisions
  33. You spend more and more on remediation
  34. You become ineffective
  35. But I havegood news for you
  36. Hundreds of companies have avoided this bad situation
  37. They know one secret
  38. They manage their data like other resources
  39. Their data is always… in the right time and place
  40. Their data is always… in the right time and place the right volume
  41. Their data is always… in the right time and place the right volume the right quality
  42. Their information isaccurate
  43. Their information isaccurateThey makeintelligent decisions
  44. Their information isaccurateThey makeintelligent decisionsThey trust theirdecisions
  45. They are successful
  46. Do you want to be like them?
  47. It is NOT simple:Manage Your Data
  48. Best practices to get you started
  49. Start with the most important information – Master Data materials sites customersproducts services equipment suppliers employees assets partners
  50. Start small – choose one data domain CRM DWHERP Other Customer Master Data such as Customer Master Data
  51. Big Metadata data Transactiona l data Enterprise Reference Information Unstructured data data Other data Master dataThink Big – move towards Enterprise Information Management
  52. Responsibilities Accountability Procedures Processes Standards Policies Metrics RolesStable Data Governance
  53. Implement prescriptive technologies
  54. Measure the quality of data and business benefits
  55. All this leads to:
  56. Your data is a usable,trustworthy resource
  57. Thank you for attention see more