Why Your Business Needs a Master Data Governance Model
Data inconsistencies and silos are major obstacles for businesses aiming for digital excellence. A strong Master Data Governance Model is the key to unlocking reliable data across systems. This model provides a framework that guides how master data is created, maintained, and shared throughout the organization.
According to PiLog’s guide, effective governance ensures that data is trustworthy and that everyone follows the same standards. This leads to better analytics, smoother ERP performance, and fewer operational errors.
The model typically includes data stewardship roles, data domain definitions, governance councils, and escalation protocols. When implemented correctly, it helps organizations reduce costs by eliminating bad data and minimizing manual corrections. It also improves regulatory compliance by enforcing strict data policies and audit trails.
Adopting a Master Data Governance Model not only improves data quality but also enhances customer experience, forecasting, and operational agility.
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