Every process within an MDM framework includes a degree of governance. Here’s why:
Governance Definition:
Policies and Standards: Governance involves the establishment of policies, standards, and procedures to ensure data quality, consistency, and compliance.
Oversight: Provides oversight and accountability for data management practices.
MDM Processes:
Inherent Governance: All MDM processes, from data integration to data quality management, incorporate governance to ensure the integrity and reliability of master data.
Data Stewardship: Involves data stewards who oversee data governance activities, ensuring adherence to established standards and policies.
References:
Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
DAMA International, "The DAMA Guide to the Data Management Body of Knowledge (DMBOK)"
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