Modeling the Connection Between Master Data Quality and Business KPIs

Experience a transformative synergy between Master Data Quality and Business Key Performance Indicators (KPIs). Our innovative approach to modeling this connection ensures that your business thrives on accurate, reliable data, directly impacting key metrics. Elevate your decision-making precision, operational efficiency, and overall business performance by unlocking the intrinsic link between Master Data Quality and KPIs. Unleash the power of data-driven success with our comprehensive solutions.

Essential considerations in creating these models of business impact:

  • Seek out the right collaborators from the business to help make the models - those already managing budgets, forecasting, financial planning or similar roles within each functional group.
  • These estimates will not be perfect - particularly at the start. Collaborating with your business partners is critical to make the estimates as defensible as possible.
  • Be conservative and keep your scope narrow. For many large organizations, a single MDM KPI could influence hundreds of business KPIs. Focus only on business KPIs that are already well-measured and well-managed are a higher business priority
  • These estimates must be measurable from both a business metric and a data-metric perspective over time.
  • Be iterative. You should fully expect to update and revise these estimates over time.
  • Be pragmatic. You may find your business partners more willing to collaborate on modelling the impact of data on some business KPIs and less so on others.
  • These are estimates and require some understanding of a baseline for KPIs on both sides of the equation.

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