Amplifying the Business Value of Master Data

Between business partners, production systems, customer transactions, and operations, today’s average enterprise churns out an enormous amount of data from a diverse web of sources. IDC’s Global DataSphere Forecast, 2021-2025 predicts that global data creation and replication will experience a compound annual growth rate (CAGR) of 23% over the forecast period, leaping to 181 zettabytes in 2025. 

This exponential increase in data volume poses a significant challenge for enterprises aiming to transform this data into a business asset they can derive value from. From sprawling infrastructures to lakes of outdated data, the sheer scale and diversity of their data can leave business leaders paralyzed on where to begin. 

Amidst this data deluge, the need for effective data governance becomes imperative.  

Managing the Scaling Business with Effective Data Governance 

Data governance as a holistic practice ensures an organization's data assets are meticulously managed across all departments. At its core, data governance is a set of processes that ensures an organization’s data assets are effectively managed throughout all facets of the organization, creating a foundation of trusted quality data that is backed by traceability, visibility, and accessibility to the right people. It’s a quality control discipline designed to protect, assess, monitor, maintain, and enhance a company's data, transforming a data management strategy from reactive to proactive.  

Beyond a purely technical pursuit, data governance is tied to business processes and organizational culture as well. With more defined processes, policies, and business rules data access can be restricted to authorized individuals and used in a manner that safeguards the organization, stakeholders, and clients. Data governance establishes processes and accountabilities for the organization-wide utilization of data, aiming for consistent, fit-for-purpose data that accurately reflects the state of the business. 

Mastering Data Governance with SAP 

One of the leading solutions enterprises leverage, SAP Master Data Governance optimizes data quality, consistency, and governance across an organization. It's a powerful solution designed to give organizations a platform for consolidating and centrally governing their master data. And with all the above-mentioned promises that come with data governance, it’s no wonder enterprises don’t hesitate when it comes to this investment. Backed by a foundation of quality data and trusted expertise, enterprises investing in SAP Master Data Governance’s powerful capabilities are poised to generate long-term growth.

How to Optimize SAP Master Data Governance and Maximize Value 

By optimizing the use of SAP Master Data Governance, organizations can unlock substantial value by ensuring high-quality, governed master data that supports informed decision-making and operational excellence. Derive more value from your SAP Master Data Governance investment with these key capabilities that keep the business moving forward: 

1. Define & Enforce Governance Policies: Tailor SAP Master Data Governance to align with the specific data management needs of your organization. Establish accountability and authority over key enterprise data assets with customized data models, workflows, and business rules to meet governance requirements.
2. Enforce Data Validation Rules: Implement validation rules to enforce data quality standards and prevent the entry of inaccurate or incomplete information.
3. Define Approval Processes: Make it easy to use SAP Master Data Governance to design complex workflows to define and automate approval processes for master data changes. Ensure that changes go through a structured and controlled review before being finalized.
4. Role-Based Access Control: Implement role-based access controls to restrict access to sensitive master data, ensuring that only authorized personnel can make or approve changes.
5. Enhanced Monitoring and Reporting: SAP Master Data Governance powerful reporting and analytics features are only good if you know how to dissect them. Empower all users with custom reporting to maintain data quality, governance performance, and compliance with established policies.
6. User Onboarding: Implementing solutions to help onboard new users from a variety of skillsets ensure your SAP investment continues to scale with your growing business.
7. Periodic Quality Assessments: Conduct periodic assessments of data quality and governance effectiveness, adjusting configurations and workflows as needed to address evolving business requirements. 

Establishing the Trusted View of the Business 

Amplify the value of SAP Master Data Governance with solutions designed to put the quality of your Data First and support your most valuable governance initiatives. Syniti Rapid Data Governance (RDG), an SAP Endorsed App built on the SAP Business Technology Platform (BTP), offers a comprehensive solution for organizations seeking to streamline their data governance processes. Syniti RDG automates the processes of MDG Data Model Maintenance, Workflow Configuration, and Business Rules with an intuitive, user-friendly, and elegant graphical interface. With its robust features and seamless integration with SAP Master Data Governance, Syniti RDG empowers enterprises to achieve data governance excellence and drive business success in today's data-driven world.