Master Reference Data Management Quiz

Master Data
Represents the business objects which are agreed on and shared across the enterprise; customers, products, employees, materials, suppliers, and vendors, etc.
Reference Data
Data that defines the set of permissible values to be used by other data fields including master and transactional data.
Master Data Management
Comprises the processes, governance, policies, standards and tools that consistently define and manage the critical data of an organization to provide a single point of reference
ETL
Extract, Transform and load
Master Data Management Hub
Master Data extracted from the disparate source data systems transformed and loaded into centralized data store.
CDI
Customer Data Integration
PIM
Product Information Management
DM
Data Mart
EDW
Enterprise Data Warehouse
Data Steward
Person responsible for data content, context, and associated business rules
Data Custodian
Person responsible for the safe custody, transport, storage of the data and implementation of business rules
Data Governance
A control that ensures that the data entry by an operations team member or by an automated process meets precise standards, such as a business rule, a data definition and data integrity constraints in the data model
DAMA
Data Management Association
DGPO
Data Governance Professionals Organization
IAIDQ
International Association for Information and Data Quality
Data Quality
The degree to which a set of characteristics of data fulfills requirements. Examples of characteristics are: completeness, validity, accuracy, consistency, availability and timeliness
Data Profiling
Process of examining the data available in an existing data source (e.g. a database or a file) and collecting statistics and information about that data
Metadata
Data about data
Structural metadata
Data about the containers of data
Descriptive metadata
Uses individual instances of application data or the data content
Data Cleansing
Process of detecting and correcting (or removing) corrupt or inaccurate records from a record set, table, or database
Metadata Repository
Centralized repository of information about data such as meaning, relationships to other data, origin, usage, and format
Data Mining
Computational process of discovering patterns in large data sets involving methods at the intersection of artificial intelligence, machine learning, statistics, and database systems