Oracle MDM

 Oracle MDM

Oracle MDM training covers concepts from the Basic level to the advanced level.  Whether you are an individual or corporate client we can customize training course content as per your requirement.  And can arrange this Oracle MDM training as per your pace.

Master Data Management is basically technology which helps in providing trustworthy view of company’s data.  Product, supplier, and customer information are some of the very critical data information of Master data. Master data Management unique feature is that it help organization to rectify error in company’s data and that can be governed across entire enterprise application systems such as erp, crm, plm and epm, etc.

Consolidation, cleansing and augmentation and synchronization of master data are done by application and technologies of Master Data Management solution.

Inaccurate and hidden data can impact business in negative direction.

Enterprise master data management software uses such as the chart of accounts.

Application-specific attributes, alternative business perspectives, corporate dimensions, reference data, and master data assets are normally added in Enterprise master data management software. For Example chart of accounts, organization or cost-center structures, market segments, product categories, and more.

Enterprise master data management software will normally crowdsource activities and add them to a shared framework. This helps in information sharing and data governance to get mature into formal policies that are based on how people actually use the data.

Course Content

MDM Overview

MDM Justification

• The Process of Master Data Management Justification
• Return on Investment
• 8 Step Methodology to MDM ROI Attainment and Measurement
• Investments in MDM

MDM Architecture

• Architecture Approaches
• Business Process Workflows
• Hierarchy Management
• Customer Data Integration
• Product Information Management

Master Data

• Conforming Dimensions for the Enterprise
• Data Modeling
• Data Security
• Syndicated Data
• Web-Based Business Content
• Best Practices for Third-Party Data
• International Data

Data Quality

• Data Quality Methodology
• Data Quality Rules

MDM Tool Selection

• Tool Functionality
• Request for Information and Request for Proposal
• Proof of Concept and Final Selection
• Marketplace Review
• MDM Software Pricing
• MDM Project Management
• Agile MDM Methodology

MDM Project Phases

• MDM Project Roles and Responsibilities
• Organizing and Planning for MDM Success
• Data Governance
• Documenting Master Data Management Projects
• Organizational Change Management

Oracle Master Data Management (MDM) is a set of solutions provided by Oracle to help organizations manage and govern their master data effectively. Master data refers to critical business data entities, such as customer information, product data, employee records, and more.

Here are some key aspects and features associated with Oracle MDM:

1. Unified Data Model: Oracle MDM typically provides a unified data model that allows organizations to create a single, accurate, and consistent view of their master data across the enterprise. This helps in avoiding duplicate or conflicting information.

2. Data Governance and Quality: Oracle MDM solutions often include tools and features for data governance and quality management. This involves defining data stewardship roles, setting data quality rules, and ensuring that master data meets specified quality standards.

3. Data Integration: Integration capabilities are crucial in MDM solutions to connect with various source systems and applications across the organization. Oracle MDM solutions may leverage Oracle Integration Cloud or other integration tools to facilitate seamless data flow.

4. Hub Architecture: Many MDM solutions, including Oracle MDM, utilize a hub architecture. This involves creating a central repository or hub for master data, which serves as the authoritative source for that data across the enterprise.

5. Data Relationship Management (DRM): Oracle DRM is a specific tool within the Oracle MDM suite that focuses on managing hierarchies and relationships within master data. This is particularly useful for organizations dealing with complex data structures.

6. Data Consolidation and Deduplication: Oracle MDM helps organizations in consolidating data from disparate sources and identifying duplicate records. This is essential for maintaining a clean and accurate master data repository.

7. Workflow and Business Process Integration: MDM solutions often include workflow capabilities to facilitate data governance processes, approvals, and data stewardship activities. Integration with business processes is crucial for ensuring the timely and accurate maintenance of master data.

8. Security and Access Control: Oracle MDM typically provides robust security features, including role-based access control, to ensure that only authorized users can access and modify master data.