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Data Optimization Suite

Data Governance and Stewardship are considered important for most information-centric industries (e.g. banking, financial services ...).

Global IDs Data Governance and Stewardship (DGS) Product Suite provides a packaged set of tools to the people who are charged with maintaining high quality data for the organization. Using these applications, organizations can derive tremendous value, as they can:

Understand the quality of common data,
Provide a path to improve the quality and accuracy of common data,
Identify and consolidate the redundancy in common data,
Identify what costs the organizations incur by having duplicate data,
Provide a clear understanding of who is responsible for the data,
Identify the costs for not having standard definitions of common data,
Define the business rules and valid domain values for common data,
Discover where business rules and valid domain values are not being followed,
Enable master data management, and

Provide a defined and sustaining feedback loop to continuously improve the data.

Context

Companies that are “information rich” and depend on high quality data for decision-making, often have to deal with data that is of dubious quality. Most decision makers who perform business data analysis, realize that “junk in = junk out” ---- i.e. bad quality data will lead to skewed analysis, which in turn will lead to incorrect decisions. To prevent the deterioration of data quality, many organizations prefer to create a data stewardship program, where individuals are held responsible for the quality of certain kinds of data.

Unfortunately, for most organizations, there is no formal methodology for creating a data stewardship program, and there are very few tools in the market for establishing and maintaining a data stewardship program. The Global IDs DGS Suite fills this void, by providing a comprehensive set of tools to automate the creation of a data stewardship program and handle data quality improvements on an ongoing basis. Using this application, companies can allow business users to manage the data that is most important to them, and to guarantee that the data adheres to certain quality criteria. Data stewardship has as its main objective the management of the corporation's data assets in order to improve their reusability, accessibility and quality. The Global IDs DGS Suite helps establish procedures and processes for data governance, allowing the software to guarantee conformance to enterprise data quality standards. In addition, it helps establish data ownership processes, giving business users the responsibility for data quality.

Requirements

Project Managers who need a comprehensive understanding of the data environment, often requires the ability to :

#	Requirement	Available
1	Automatic Monitoring the Data Landscape	Yes
2	Creation of accountability for reference data quality	Yes
3	Creation of monitors to trace the change in Data, Metadata in the data landscape	Yes