The success of a master data management project is highly dependent on the people involved.
The key factor that determines the success or failure of a master data management (MDM) program is the individuals involved in its implementation. Therefore, this blog post outlines the most common roles and responsibilities that must be filled when introducing master data management.
Master data management is a relatively new function, and many organizations may not be sure about the resources and roles required for a successful workflow implementation. The structure for master data management can vary greatly depending on the size of the organization and its desired level of maturity for data management.
However, certain roles and responsibilities related to information management need to be present regardless of the organization's size.
In smaller organizations, an individual may be assigned multiple roles, whereas in larger organizations, an entire team may be dedicated to a single role.
Let’s discuss the roles and responsibilities involved in master data management to better understand its benefits in increasing your business’s value.
Common master data management roles and responsibilities:
The 10 most common master data management roles and responsibilities include:
- Master Data Management (MDM) Analyst: Responsible for analyzing master data and data sources and identifying trends and patterns that can be used to improve business processes and operational efficiency, including data-driven decision-making.
- Master Data Management (MDM) Developer: Responsible for developing and maintaining the master data management system, including data integration, data modeling and data migration.
- Master Data Management (MDM) Administrator: Responsible for managing the technical aspects of the master data management system, including configuring and maintaining the system lifecycle.
- Master Data Management (MDM) Consultant: Provides expertise and guidance on MDM best practices, and helps organizations implement MDM solutions.
- Master Data Management (MDM) Project Manager: Responsible for planning and coordinating the implementation of MDM projects and ensuring that they are completed on time and within budget.
- Master Data Management (MDM) Business Analyst: Responsible for working with business stakeholders to give a 360-degree view of their data requirements and ensure that the MDM solution meets their needs.
- Master Data Management (MDM) Data Quality Analyst: Responsible for monitoring, measuring and improving the quality of master data metrics and reducing any redundancy in the system.
- Master Data Management (MDM) Data Governance Analyst: Responsible for defining and enforcing policies and procedures for managing data assets, including product data quality, data stewardship, and reference data security.
- Master Data Management (MDM) Data Steward: Responsible for ensuring the accuracy, completeness and consistency of master data across the organization, from customer master data to data standards and customer records.
- Master Data Management (MDM) Solutions Architect: Responsible for designing and implementing the overall MDM architecture and interfaces, including critical data integration, data modeling, and data migration for both customer data and enterprise data.
Managing master data with the right system
There are many benefits of master data management, so look for a system that gives you a simple view of your data sets and hire a team that understands your initiatives.
This will allow you to increase your business value and transform your view of data overall, making the most of customer information, product information, and beyond.
For a management strategy that makes the most of your master data assets, learn more about Stibo Systems’ master data management solutions.