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Why is
Reference Data Governance
Mission Critical?
Thursday October 29, 2015 11:30AM - 12:30PM EDT
Aaron ZornesChief Research OfficerThe MDM Institute
Bob DuCharme Senior Semantic Solutions Architect TopQuadrant
Agenda
Why is Reference Data Governance mission critical?
How does Reference Data Management (RDM) differ from (how is it similar to) MDM?
What are the “top 10” technical evaluation criteria?
What capabilities do enterprises see as the most important for the success of RDM?
TopQuadrant’s approach for Reference Data Governance
Q&A
© 2015 The MDM Institute The-MDM-Institute.com
About the MDM Institute
Founded in 2004 to focus on MDM business drivers & technology challenges
MDM Advisory Council™of 150 Global 5000 IT organizations with unlimited advice to key individuals, e.g. CTOs, CIOs, data architects
MDM Business Council™ website access & email support to 35,000+ members
MDM Road Map & Milestones™annual strategic planning assumptions
MDM Alert™ newsletter
MDM Market Pulse™ monthly surveys
MDM Fast Track™ one-day public & onsite workshop rotating quarterly through major North American, European, & Asia-Pacific metro areas
MDM & DATA GOVERNANCE SUMMIT™ annual conferences in London, Madrid, NYC, San Francisco, Singapore, Sydney, Tokyo & Toronto
“Independent, Authoritative, & Relevant”
About Aaron Zornes Most quoted industry analyst authority on topics of MDM, RDM & Data Governance
Founder & Chief Research Officer of the MDM Institute Conference chair for Information Mgmt’s MDM & Data Governance Summit conferences
Founded & ran META Group’s largest research practice for 14 years M.S. in Management Information Systems from University of Arizona
What is Reference Data?
Reference data =“coded, semantically stable, relatively static data sets shared by multiple constituencies”
(people, systems, & other master data domains)
Customers
Product
Industry
Sales Person
Geo
Cost / Revenue
Acct
Business Unit ID
In the logical view, private & public forms of reference data connect domains & application; consistent values
(& semantics) required for multi-domain views & hierarchies
© 2015 The MDM Institute The-MDM-Institute.com
Errors in reference data will ripple outwards affecting quality of master data in each domain, which in turn affects quality in all dependent transactional systems
RDM needed in both operational & analytical MDM use cases where capability often used to provide attributes, hierarchies & KPIs
Central role of reference data means RDM becoming “starting point” for many organizations planning MDM
Why Reference Data? Why Now?
SystemicFailure
Inconsistent Reporting
TransactionFailure
Regulatory Non-compliance
© 2015 The MDM Institute The-MDM-Institute.com
Poor reference data remains a leading cause of failuresin many enterprises – both operational & analytical errors
Reference Data CategoriesMulti-Domain
RDM Use CasesReal-Time / Transactional
RDM Use Cases
Public(External)
Countries & Subdivisions (FIPS10)Currencies (ISO 4217)Time Zones (ISO 8601)
Industry Classification (NAICS, ISIC)Security Prices
SWIFT BIC Codes (Payments)ICD-9/10 Codes (Healthcare)
ACORD/ISO Codes (Insurance)
Private(Internal)
Legal Entities Chart of Accounts
OrganizationsEmployees
(i.e., much of HR & Finance Data)
Reference data required fortransaction processing
Semi-Private? (Shared)
Customized Public Reference Standards (e.g. customized D&B)
Shared Private Data (Finance)
© 2015 The MDM Institute The-MDM-Institute.com
RDM programs need to support multiple domains (kinds) of reference data to avoid RDM silos
Categories of Data Managed by RDM
Multi-DomainRDM Use Cases
Real-Time / Transactional RDM Use Cases
Public(External)
Private(Internal)
Semi-Private (Shared)
88%
59%
80% 12%
2%
RDM programs are not only managing public forms of reference data, but are focused on public & private in equal measure … Also interest
in using RDM to syndicate data services internally© 2015 The MDM Institute The-MDM-Institute.com
93%
48%
93%
22%
7%
2014 20142015 2015
Critique of “Traditional” Approaches for Multi-Domain Reference Data (vs. purpose-built)
RDM Solution Drawback Recommendation
Custom-built, manual solutions
Heavy TCO burden Avoid unless reference data demands are truly unique
Spreadsheets Difficult to govern, secure, version, & audit; no modeling, poor hierarchy management
Distribute data in spreadsheets; govern data in RDM solution
Repurpose hierarchy management solution (MSFT MDS, ORCL DRM)
Poor cross-domain support, no classification mapping, few enterprise integration options
Seek out multi-domain RDM solution with hierarchy management
Customize existingdomain-specific MDM(Customer or Product)
Rudimentary data modeling, lifecycle mgmt capabilities, & governance features (esp. authoring & workflow)
Use multi-domain RDM solution to maintain connections & govern/update into CDI & PIM via data services
ERP / Enterprise Application
Limited governance, versioning, distribution; also reference data customized use in app may have limited appeal in other systems
Master in external platform. RDM can be used to govern baseline set, versions and adaptations
Real-time / industry-specific RDM
Premium priced R/T RDM solutions do not represent good economic sense
Leverage R/T RDM solutions for R/T use cases (trading, claims processing, payments)
© 2015 The MDM Institute The-MDM-Institute.com
2H2015 RDM Market Survey Results
Survey methodology
Attitudes about RDM & current plans
Trending key features
Solution provider rankings
© 2015 The MDM Institute The-MDM-Institute.com
MYTH: There’s no interest in RDM MDM & DG Summit attendees drove content to 1/3 RDM sessions …
Mega vendors (& more) have RDM products … Most survey respondents are planning on investing in RDM
RDM is a Vital Topic for MDM Professionals
Governing Reference Data in the Cloud - Independence Blue Cross
Establishing Reference Data Governance in the Large Enterprise – DNB Bank
RDM in the Large Enterprise – Sabre
Evolving, Deploying & Governing Reference Data to Support the Agile Enterprise– NetApp
MDM, RDM, DRM & Big Data – Pieces, Puzzles & Strategy - Citizens Bank
Data as a Service (DaaS) for “Virtual MDM/RDM” - New York Life
Hands-On RDM for Corporate Finance & Beyond - United Technologies
Delivering Business Value through Reference Data Governance for Financial Applications – DeBeers
Reference Data Management on a Global Scale - Credit Suisse
Managing Reference Data as Enterprise Master Data - Royal Bank of Canada
Hierarchy Management via RDM - Bank of the West
Laying A Foundation for Enterprise MDM via RDM – Shell
A Model for Defining & Governing a Global Reference Master - Cargill
© 2015 The MDM Institute The-MDM-Institute.com
By popular demand, ~30% of MDM & Data Governance Summit case studies are centered on RDM
Partial List of 2014 Survey Respondents
Amgen CIT Fireman’s Fund Insurance Sabre
ANZ Bank Citi Mortgage Grant Thornton Spectrum Health
Aspen Re CitibankHellmann Worldwide Logistics
Standard Bank South Africa
Bank Audi Sal Citizens Financial Group IBM (CIO Office)State Farm Automobile Insurance
Bank of Montreal COLT Technology ServicesInsurance Commission of British Columbia
TD Ameritrade
Barclays Credit SuisseLouis Dreyfus Commodities
The Bank of New York Mellon
Blue Cross Blue Shield Association
Cummins Nippur Volvo AB
BPI FranceDept of Homeland Security/CBP
NJ Office of Information Technology
WellPoint
British American Tobacco DNB ASA OP-Pohjola Group World Vision
Cargill Electronic Arts Royal Mail Group Yorkshire Building Society
Carolinas Healthcare Fidelity InvestmentsRoyal Melbourne Institute of Technology
Zurich Insurance
© 2015 The MDM Institute The-MDM-Institute.comRDM is a key business initiative
in some of the world’s largest companies!
Partial List of 2015 Survey Respondents
Aflac Brown Brothers Harriman Euclid Solutions NAV Canada
ANZ BankCaterpillar FBL Financial
GroupNBTY
Arbejdsmarkedets Tillægspension (ATP)
Citizens BankGordon Food Service
Prorec Romania Association
APG Asset ManagementColgate-Palmolive
Insurance Australia Group (IAG)
Siemens Healthcare
BairdCooperators
Corporation of British Columbia (ICBC)
State Information Technology Agency (SITA) of South Africa
BearingPoint (DE)Danish Agency for Digitisation Konecranes Spencer Stuart Int’l
BearingPoint (UK) Deloitte Canada M&T Bank Westpac
EMCWorld Fuel Svcs
© 2015 The MDM Institute The-MDM-Institute.com
RDM is a key business initiative at many of the world’s largest enterprises!
How would you characterize your ROLE concerning responses given in this survey?
0% 10% 20% 30% 40% 50% 60% 70%
Enterprise IT — e.g., Enterprise Arch...
Departmental IT
Other (please specify)
Line-of-business or division IT
Corporate IT function — e.g. finance,...
Enterprise Architects & other Enterprise IT execs tend to be either the gatekeepers or the budget holders for RDM …
RDM is gaining enterprise level relevance & are often directly coupled to business users
How would you rate your SATISFACTION with your CURRENT RDM program(s)?
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
We have a program & it is
effective
We have a program — but
it needs impr...
No program in place —
but we are plan...
No program in place —
none planned
Don't know
Few-to-none believe their RDM programs are “effective”
>60% of Respondents Plan to Invest in RDM Within 2 Years
MYTH: There’s no interest in RDM MDM & DG Summit attendees drove content to 1/3 RDM sessions,
mega vendors (& more) have RDM products … Most survey respondents are planning on investing in RDM
© 2015 The MDM Institute The-MDM-Institute.com
Next year16%
In the next two years
46%
No plans19%
Don't know19%
Multi-Domain RDM Projects Have Enterprise-Appropriate S/W Budgets
MYTH: RDM is small scale, small investmentMulti-phase RDM programs are in multi-million US$ range …
Wide range in investment levels reflects where respondents are in RDM journey …
Vendors do provide “entry-level” pricing at $250K-$500K
© 2015 The MDM Institute The-MDM-Institute.com
0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
< $250K
$250K - $500K
$500K - $1 million
$1 - 2 million
$2 - $4 million
$4 - $6 million
> $6 million
What TOOLS are you using today to MANAGE REFERENCE DATA?
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
Custom-built solutions or spreadsheets
Other (please specify)
Existing MDM platform
ERP or other Enterprise Application
Commercial, purpose-built RDM solution
Hierarchy management tool — e.g., Ora...
Don't know
Most organizations are “living dangerously” via custom-built RDM solutions that are not robustly governed (auditable, secure, etc.)
On a scale of 1-5, how SATISFIED are you with the TOOLS you are using?
Few enterprises are satisfied with the tools in use for RDM … a direct result of inadequacies/failure of DIY solutions
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
5 - Completely satisfied
4 - Mostly satisfied
3 - Somewhat satisfied
2 - Mostly unsatisfied
1 - Not at all satisfied
Interest in RDM to Support Transactional & Operational Enterprise Applications
MYTH: RDM is an isolated programConsiderable interest in integrating enterprise applications with RDM
… Analyst inquiry load shows interest in tying analytical enterprise applications (BI/Big Data) to RDM
© 2015 The MDM Institute The-MDM-Institute.com
0% 10% 20% 30% 40% 50% 60%
General Ledger, other Financial
Transaction Processing (OLTP, OrderMgmt, etc.)
Customer Relationship Management(CRM)
Enterprise Resource Planning (ERP)
Human Resources
Interest in Multi-Domain RDM to Support Traditional CDI, PIM & Other Programs
MYTH: RDM is an isolated program, Part IIConsiderable interest in RDM to support traditional MDM initiatives
in Customer & Product (Why maintain country codes everywhere?)
© 2015 The MDM Institute The-MDM-Institute.com
0%
10%
20%
30%
40%
50%
60%
70%
80%
Product Customer Finance Location HumanResources
Other — e.g., Risk, Legal,
Asset, Authority Data
Top Business Drivers for RDM
Reporting, Regulatory Compliance, Ad Hoc Management & Proliferation of Data Sources = key business reasons for pursuing
RDM (bad reference data = bad reports)© 2015 The MDM Institute The-MDM-Institute.com
0% 20% 40% 60% 80% 100%
Inconsistent reporting
Regulatory non-compliance
High cost of decentralized/ad hocmgmt
Proliferation of data sources
Transaction failure
Systemic failure
Top IT Drivers for RDM
Developing standard metadata management to support enterprise application integration— e.g., common, standard data domain definitions
Providing common reporting dimensions to support analytics across departments/LOBs, application systems, data marts & data warehouses
Providing common RDM support services to support transactional application integration
Building IT governance infrastructure, technology & supporting organization
Reporting & reconciliation are also top IT drivers for RDM … Goal for IT teams = providing source of consistent & accurate
reference data to organization & applications
© 2015 The MDM Institute The-MDM-Institute.com
Top Evaluation Requirements for Commercial RDM Solutions (Ranked Order)
“Top 10 RDM platform evaluation criteria”per MDM Institute Customer Advisory Council
Rank
1 Ability to map reference data — e.g., between multiple domains, between time periods or versions of reference data
2 Management of reference data sets — e.g., implementing governance workflows
3 Connectivity & integration with other enterprise applications or MDM platforms
4 Hierarchy management over sets of reference data
5 Architecture/performance — e.g., enterprise scalable, Cloud-based deployment/licensing option
6 Versioning support — e.g., support for four main version types: as-of, effective, current, proposed/hypothetical
7 Security & access control — e.g., fine grained/field level permissioning for create, read, update, & delete of reference data
8 Administration of reference data types — e.g., handling public, semi-private & private
9 E2E lifecycle management — e.g., onboarding, managing, retiring, redacting reference data
10 Import & export
© 2015 The MDM Institute The-MDM-Institute.com
Which of the below are among your TOP FIVE TECHNICAL EVALUATION CRITERIA for COMMERCIAL RDM solutions?
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Import & export
E2E lifecycle management — e.g., onbo...
Administration of reference data type...
Security & access control — e.g., fin...
Versioning support — e.g., support fo...
Architecture/performance — e.g., ente...
Hierarchy management over sets of ref...
Connectivity & integration with other...
Management of reference data sets — e...
Ability to map reference data — e.g.,...
All evaluation criteria are essential … some are more desired than others
© 2015 The MDM Institute The-MDM-Institute.com
Which TYPE OF SOFTWARE SOLUTION are likely purchased to support RDM program?
~35% of enterprises looking at commercial RDM, yet a high number looking at alternatives …
This is alarming as tools such as Metadata Repositories show high historical failure rates as RDM solutions
0%
5%
10%
15%
20%
25%
30%
35%
40%
Metadatarepository
CommercialRDM solution
OperationalMDM hub
Don't know Businessglossary tool
None, we willcustom build
None, wealready haveall the tools
© 2015 The MDM Institute The-MDM-Institute.com
Which RDM SOFTWARE SOLUTIONS are most likely to be on your SHORT LIST?
Multiple vendors are shortlisted for RDM (mega vendors *and* best-of-breed) … BOB has prices & faster time-to-value, etc. vs. mega vendors
… also “incumbent” does not mean best fit
© 2015 The MDM Institute The-MDM-Institute.com
0% 10% 20% 30% 40% 50% 60%
Best-of-Breed Multi-Domain RDM
Mega Vendor: IBM
Mega Vendor: Informatica
Mega Vendor: MSFT
Mega Vendor: ORCL
BOTTOM LINE
Impact of poor or non-existent RDM is profound
RDM is vital for analytical, transactional & operational systems— reflected in investment levels within the organization
Initial RDM investments are manageable— getting started won’t kill your budget like CRM, ERP, CDI or PIM
Semantic-based RDM best suited for agile Reference Data Governance
50%+ of successful MDM implementations happen on non-mega vendor solutions … RDM is tracking same
RDM is sufficiently independent from tradt’l MDM (CDI, PIM) that 3rd party RDM as adjunct is valid strategy
© 2015 The MDM Institute The-MDM-Institute.com
RDM becoming “entry point” for many organizations planning MDM & DG … BUY DON’T BUILD RDM …
Seek out providers with a flexible RDM solution
© Copyright 2015 TopQuadrant Inc. Slide 28© Copyright 2015 TopQuadrant Inc. Slide 28
About TopQuadrant
Focus: Founded in 2001 to harness
emerging technology to build practical but innovative business applications
Strong commitment to standards-
based approaches to data semantics
Team: Founder-led management team
Have over 60 years of combined experience in managing innovative technology from concept to revenue
Experience in product development, consultative selling, solution delivery at IBM and other companies
Exceptional engineers
Semantic Information
Management
TopBraid Product Family
Governance & Provisioning of Reference Data
Management of Enterprise
Metadata & Business Glossaries
Semantic Data Virtualization Semantic Application Server
www.topquadrant.com
© Copyright 2015 TopQuadrant Inc. Slide 29© Copyright 2015 TopQuadrant Inc. Slide 29
RDM - Capabilities Most Critical to SuccessResults from 2H2015 survey
The top rated capabilities put emphasis on user directed, agile governance and maintaining metadata about reference data, flexible modeling and
centralized verification of use and consistency across reference data
© Copyright 2015 TopQuadrant Inc. Slide 30© Copyright 2015 TopQuadrant Inc. Slide 30
A flexible web-based solution for governing and provisioning reference data in the enterprise:
Governance
Provisioning
Comprehensive metadata
Enrichment
Powered by standards-based graph technologies, TopBraid™ RDM offers data stewards and other business users the flexibility and direct editorial access to extend, connect, enrich and distribute standard datasets.
© Copyright 2015 TopQuadrant Inc. Slide 31© Copyright 2015 TopQuadrant Inc. Slide 31
From 2H2015 survey, these RDM capabilities were identified as key to success
1. Ability to verify that enterprise systems are
using the correct reference data – 63%
© Copyright 2015 TopQuadrant Inc. Slide 32© Copyright 2015 TopQuadrant Inc. Slide 32
Ability to Verify
"LACK of which of the following CAPABILITIES would most negatively impact success of your RDM PROGRAM?"
63% of respondents: "Ability to verify that enterprise systems are using the correct reference data."
Sample System Compliance Report against Country Codes
© Copyright 2015 TopQuadrant Inc. Slide 33© Copyright 2015 TopQuadrant Inc. Slide 33
From 2H2015 survey, these RDM capabilities were identified as key to success
1. Ability to verify that enterprise systems are using the correct reference data
– 63%
2. Ability to maintain governance information about a
reference data set (e.g. where sourced from, where
used, how frequently it changes, who is responsible for
it) – 60%
© Copyright 2015 TopQuadrant Inc. Slide 34
Confusion, wasted resources and errors result when users can’t understand the meaning of codes and how they are used
Are these IATA codes, FAA codes or ICAO codes? How do I find out? Do we subscribe to these codes?
Our FlightTracker application needs airport codes for route planning and notifications.
Business Users Need Metadata
I think this is the right dataset.
Challenge:
© Copyright 2015 TopQuadrant Inc. Slide 35© Copyright 2015 TopQuadrant Inc. Slide 35
From 2H2015 survey, these RDM capabilities were identified as key to success
1. Ability to verify that enterprise systems are using the correct reference data
– 63%
2. Ability to maintain governance information about a reference data set (e.g.
where sourced from, where used, how frequently it changes, who is
responsible for it) – 60%
3. Automated consistency maintenance across reference
data (e.g. through enforcement of data quality rules for
reference data) – 60%
© Copyright 2015 TopQuadrant Inc. Slide 36
Data quality is mission-critical but easily compromised
Brian in IT thought he
could, but it would be a
project.
Can’t we
prevent it?
Our product codes should always
have 7 or 8 characters … but
anyone can enter anything.
Users Need to Actively Ensure Data Quality
Challenge:
© Copyright 2015 TopQuadrant Inc. Slide 37© Copyright 2015 TopQuadrant Inc. Slide 37
Data Steward can easily add custom data quality constraints without programming
Results are immediately available
Solution:TopBraid RDM™ Users Create Quality Constraints
© Copyright 2015 TopQuadrant Inc. Slide 38© Copyright 2015 TopQuadrant Inc. Slide 38
Rule violation warning prevents errors on manual data entry
Violations warning report displays automated data import errors
Benefit: TopBraid RDM™ ensures data quality. Enforces rules easily created by users.
Solution:TopBraid RDM™ Enforces Quality Constraints
© Copyright 2015 TopQuadrant Inc. Slide 39© Copyright 2015 TopQuadrant Inc. Slide 39
RDM Dashboard Provides Data Consistency Metrics
© Copyright 2015 TopQuadrant Inc. Slide 40© Copyright 2015 TopQuadrant Inc. Slide 40
From 2H2015 survey, these RDM capabilities were identified as key to success
1. Ability to verify that enterprise systems are using the correct reference data
– 63%
2. Ability to maintain governance information about a reference data set (e.g.
where sourced from, where used, how frequently it changes, who is
responsible for it) – 60%
3. Automated consistency maintenance across reference data (e.g. through
enforcement of data quality rules for reference data) – 60%
4. Semantic integration across business concepts,
reference data & technical metadata – 52%
© Copyright 2015 TopQuadrant Inc. Slide 41© Copyright 2015 TopQuadrant Inc.
Integrating Enterprise Ontologies & Reference Data
41
subset in support of reference data
Enterprise Ontology
© Copyright 2015 TopQuadrant Inc. Slide 42© Copyright 2015 TopQuadrant Inc.
Integrating Enterprise Ontologies & Reference Data
42
subset in support of reference data
Enterprise Ontology
instances of Market Identifier Code
Reference Data
© Copyright 2015 TopQuadrant Inc. Slide 43© Copyright 2015 TopQuadrant Inc. Slide 43
From 2H2015 survey, these RDM capabilities were identified as key to success
1. Ability to verify that enterprise systems are using the correct reference data
– 63%
2. Ability to maintain governance information about a reference data set (e.g.
where sourced from, where used, how frequently it changes, who is
responsible for it) – 60%
3. Automated consistency maintenance across reference data (e.g. through
enforcement of data quality rules for reference data) – 60%
4. Semantic integration across business concepts, reference data &
technical metadata – 52%
5. Capture of & access to the meaning (semantics) of reference data – 50%
© Copyright 2015 TopQuadrant Inc. Slide 44© Copyright 2015 TopQuadrant Inc. Slide 44
Making Reference Data Meaningful
TopBraid RDM enables more meaningful and effective use of reference data by capturing and managing semantic metadata about reference data and also about reference datasets
© Copyright 2015 TopQuadrant Inc. Slide 45© Copyright 2015 TopQuadrant Inc. Slide 45
Making Reference Data Meaningful
© Copyright 2015 TopQuadrant Inc. Slide 46© Copyright 2015 TopQuadrant Inc. Slide 46
MDM Institute Field Report (Oct 2015):
TopQuadrant’s TopBraid RDM
Strengths
• Robust web-based self-service solution w/focus on integration w/other tools to provide “full spectrum” reference data
• Model-driven ease of deployment, use & extension
• Supports comprehensive “metadata about reference data” + strong taxonomy & mappings/crosswalks
• Business model & semantic querying features based on open standards1
• RACI-based governance & security w/ configurable, fine-grained notifications
• On-premise & Cloud-enabled2
Caveats
• Curated datasets not currently supplied (planned
release, YE2015)
• Just beginning to explicitly market RDM capabilities3
• Underinvested in marketing
1 – Widely-used, W3C (RDF, SPARQL) semantic-standards based platform
2 – Apache Docker = AMZN AWS, Azure, et al; SaaSavailable through AmazonMarketplace
3 – Non-RDM customers using TopBraid for business glossaries & other aspects of metadata mgmt include: Bank of America, J&J, JP Morgan Chase, Mayo Clinic, NASA, OECC, OTPP, Lilly, ServiceNow, Syngenta,Thomson Reuters, USAF and other Fortune 1000 companies across different industries including life sciences, financial services, oil/gas,digital media, manufacturing & energy industries
© 2015 The MDM Institute www.the-MDM-Institute.com
© Copyright 2015 TopQuadrant Inc. Slide 47© Copyright 2015 TopQuadrant Inc. Slide 47
The Semantic Technologies Solution
47
Thing Thing
relationship
• Based on an integrated set of W3C standards
… that expose the meaning (semantics) of distributed data in a technology-independent representation (RDF)
…and use SPARQL (semantic query standard) to run federated queries over the distributed meta-data/data.
© Copyright 2015 TopQuadrant Inc. Slide 48© Copyright 2015 TopQuadrant Inc. Slide 48
MDM Institute Field Report (Oct 2015):
Bottom Line on TopBraid RDM
“A self-service reference data governance hub for subject matter experts that provides ‘full spectrum’ reference data to comprehensively support an enterprise’s IT portfolio”
“Agile-style approach to business data modeling” makes it an “excellent choice as a flexible and low cost (yet fast time to value) web-based solution for reference data governance”
Its features “promote business user and data steward self-service that requires only modest initial IT support”
“Purpose-built reference data management solution rather than providing capabilities derived from an operational or consolidation MDM hub”
“Organizations evaluating reference data solutions where user-directed, agile governance of reference data is the key use case should consider the TopBraid RDM solution – independent of other MDM investments”
© Copyright 2015 TopQuadrant Inc. Slide 49© Copyright 2015 TopQuadrant Inc. Slide 49
MDM Institute Field Report (Oct 2015):
TopQuadrant
“An Enterprise Information Management (EIM) company that helps organizations govern its information irrespective of its structure, origin or location”
“Discovered that semantic web standards are especially well suited to providing integrated, next–generation information management and data governance solutions”
“TopQuadrant’s products… support reference data governance, business glossaries, metadata management, taxonomy and ontology management.”
Three founders “met while working at IBM... deep experience in information technology with over 60 years of combined experience in managing technology from concept to revenue... historical strong commitment to standards-based approaches to data semantics, with the mission of making enterprise information meaningful.”
© Copyright 2015 TopQuadrant Inc. Slide 50© Copyright 2015 TopQuadrant Inc. Slide 50
TopBraid RDM™ — What’s Different?
Maintain comprehensive metadata. Data about reference data, including usage by systems and RACI matrix with notifications
Add and change fields to enhance reference data. Connect datasets
Verify and report on compliance of enterprise systems with reference data
Maintain reference data consistency
Easily create web services for distributionof reference data – without programming
Putting this power in the hands of data stewards and other business and technical users of RDM solutions is key to the success of reference data management and governance.
1
2
3
4
5
TopBraid RDM enables organizations to:
Integrated environment
Reference Data
Business and Technical
Metadata, Glossaries
Manage structured and
unstructured data
Next Steps
Web research, blogs, investigate social media SIGs, RDM field reports on slide share & MDM Institute website
Read market studies, analyst reports, investigate academic resources, e.g., DAMA-DMBOK
Attend industry conferences & network with veteran RDM practitioners
© 2015 The MDM Institute The-MDM-Institute.com
Contact vendors & explore their solution … Unlike CDI & PIM, RDM can be tested
with real business data & users with very little setup
About the MDM Institute
Founded in 2004 to focus on MDM business drivers & technology challenges
MDM Advisory Council™of 150 Global 5000 IT organizations with unlimited advice to key individuals, e.g. CTOs, CIOs, data architects
MDM Business Council™ website access & email support to 35,000+ members
MDM Road Map & Milestones™annual strategic planning assumptions
MDM Alert™ newsletter
MDM Market Pulse™ monthly surveys
MDM Fast Track™ one-day public & onsite workshop rotating quarterly through major North American, European, & Asia-Pacific metro areas
MDM & DATA GOVERNANCE SUMMIT™ annual conferences in London, Madrid, NYC, San Francisco, Singapore, Sydney, Tokyo & Toronto
“Independent, Authoritative, & Relevant”
About Aaron Zornes Most quoted industry analyst authority on topics of MDM, RDM & Data Governance
Founder & Chief Research Officer of the MDM Institute Conference chair for Information Mgmt’s MDM & Data Governance Summit conferences
Founded & ran META Group’s largest research practice for 14 years M.S. in Management Information Systems from University of Arizona
© Copyright 2015 TopQuadrant Inc. Slide 54© Copyright 2015 TopQuadrant Inc. Slide 54
About TopQuadrant
Focus: Founded in 2001 to harness
emerging technology to build practical but innovative business applications
Strong commitment to standards-
based approaches to data semantics
Team: Founder-led management team
Have over 60 years of combined experience in managing innovative technology from concept to revenue
Experience in product development, consultative selling, solution delivery at IBM and other companies
Exceptional engineers
Semantic Information
Management
TopBraid Product Family
Governance & Provisioning of Reference Data
Management of Enterprise
Metadata & Business Glossaries
Semantic Data Virtualization Semantic Application Server
www.topquadrant.com
© Copyright 2015 TopQuadrant Inc. Slide 55© Copyright 2015 TopQuadrant Inc.
Thank you!