The road to a data-focused organisation
Insufficient master data can cause disruptions in the business process with serious consequences for companies. valantic uses strategic master data management to create a quality-assured basis for efficient business processes, future business models and the digital transformation of your business.
The road to a data-driven organisation
Do you know the quality of your most significant process-driving or process-controlling master data?
The rapidly proceeding digitalisation and the increasing activities in the area of Industry 4.0 require not only the latest IT applications and IT structures, such as cloud applications, but also a solid master data basis for successful implementation in companies. However, many companies are still a long way from achieving this, as they are unable to realise their full potential in day-to-day business due to incorrect and inconsistent data. Through structured and effective data management, companies are able to utilise an enormous, often underestimated efficiency potential.
Do you know how often master data is entered twice or corrections have to be made?
Incorrect, duplicate or incomplete data is just one of today’s challenges in the area of master data:
Data silos and fragmentation
In many companies, master data is stored in different systems and departments in isolation, often due to historically grown IT infrastructures. This leads to:
Data governance and compliance
Increasing regulatory requirements (e.g. GDPR) and the need for transparent and secure data utilisation pose challenges for companies:
Integration and interoperability
With digitalisation and the use of different applications and systems (ERP, CRM, etc.), the seamless integration of master data across different platforms is a major challenge:
Data migration and consolidation
During mergers, takeovers or the introduction of new systems, companies are often faced with the challenge of migrating large amounts of master data:
Customer data and personalisation
The increasing expectation of personalised customer experiences requires precise and up-to-date management of customer master data:
A strategic and practised master data management
Prerequisite for optimised business processes and reliable forecasts
From delays in operational processes and resource commitment due to time-consuming troubleshooting to questionable, fuzzy analyses for business decisions. A solid database in IT applications is the prerequisite for the future-proof and competitive further development of companies.
Strategic master data management enables the transparent and consistent consolidation of all of a company’s master data in one place, the so-called ‘single point of truth’.
The aim of master data management is to create a quality-assured basis for efficient business processes, fast and transparent corporate decisions and future-proof, innovative and competitive business models, thereby becoming an enabler of digital transformation.
The far-reaching benefits of strategic master data management are obvious:
valantic as your partner offers you…
Our well-proven and constantly enhanced process model covers all relevant fields of action in master data management and, through the use of our Maturity Assessment Model, makes it possible to categorise the company into different maturity levels. This in turn allows statements to be made about the efficient utilisation of master data as a company asset. As a concrete result, valantic develops individual recommendations for action for your company for each success factor and presents you with concepts for their implementation.
This in turn enables statements to be made about the efficient utilisation of master data as a company asset. As a concrete result, valantic develops individual recommendations for action for your company for each success factor and presents you with concepts for their implementation.
