A Key Element of Effective Strategic Information Management
Data Stewardship is all about giving defined individuals responsibility for defining the meaning of the different data elements used within a data domain, laying out the business processes that create and maintain these data elements, and ensuring that business rules are applied correctly to data management. It is often necessary to solve conflicting requirements as part of executing data stewardship.
Data Stewardship is essential for
master data management, and master data management must support active data stewardship. Stewardship activities are a critical part of executing data governance.
They’re typically carried out by a data steward. The data steward activates the data policies agreed within the organization and is often aided by a data custodian responsible for the technical aspects of storing and moving data.
Master Data Management Requires Data Stewardship
A comprehensive master data management solution must include very flexible ways of setting up hierarchy management for customer master data, product master data and location master data. Furthermore, it’s essential to have functionality for describing data, verifying data and approving data collected from many sources and entered by many users.
Managing such a rich structural environment and set of features will end up in chaos if organizations don’t have data stewards and data custodians executing data stewardship activities. In fact, active data stewardship will often making the difference between success and failure in a master data management initiative.
Data Stewardship in STEP
- Setting up user rights
- Defining data elements
- Building master data hierarchies
- Categorizing data
