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Recapping Data Governance Financial Services 2016

Last week Orchestra Networks had the unique opportunity to deliver two presentations to the attendees of the Data Governance in Financial Services conference in Jersey City, NJ.  

Our first session, jointly delivered with a partner, focused on how the Information Asset data governance operating model was implemented in EBX5.   The second, jointly delivered with Cit, was a keynote on the future scope of data governance. 

We’re pleased to report that the presentation went over quite...

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Q&A after our data governance webinar (3/3)

A few weeks ago Nicola Askham (The Data Governance Coach) and I delivered a webinar on Automating Data Governance. For those you who might have missed the live event check out the replay.     

If you watch the replay you’ll observe that it’s much more of a conversation about data governance, it’s challenges and ways to scale. And of course having Nicola on the webinar was great. She’s passionate about data governance and has many anecdotes/solutions on common problems you...

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Q&A after our data governance webinar (2/3)

A few weeks ago Nicola Askham (The Data Governance Coach) and I delivered a webinar on Automating Data Governance. For those you who might have missed the live event check out the replay.     

If you watch the replay you’ll observe that it’s much more of a conversation about data governance, it’s challenges and ways to scale. And of course having Nicola on the webinar was great. She’s passionate about data governance and has many anecdotes/solutions on common problems you...

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Q&A after our data governance webinar (1/3)

A few weeks ago Nicola Askham (The Data Governance Coach) and I delivered a webinar on Automating Data Governance. For those you who might have missed the live event check out the replay.     

If you watch the replay you’ll observe that it’s much more of a conversation about data governance, it’s challenges and ways to scale. And of course having Nicola on the webinar was great. She’s passionate about data governance and has many anecdotes/solutions on common problems you will...

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See [Data Governance in a Box with EBX5] at Data Governance Financial Services 2016

We're pleased to announce that Jae Lee, Manager, Information Asset and Conrad Chuang, Director, Solutions Strategy at Orchestra Networks will present "Data Governance in a Box with EBX5" at Data Governance Financial Services on Thursday, September 8 at 11:45am.

In this lively presentation, Jae Lee, from Information Asset, and Conrad Chuang, from Orchestra Networks, will demonstrate an implementation of Information Asset’s comprehensive data governance operating model (“Data Governance...

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Interview with eSanté Luxembourg: Healthcare Terminology Server with EBX5

We got a chance to catch up with the team at eSanté Luxembourg to discuss their healthcare Terminology Server project.

Question: could you tell us a little about eSanté?

Agence eSanté is Luxembourg’s national agency for the exchange and sharing of health information. It was established to enhance the patient’s care coordination, promote interoperability and define a national platform of eHealth services, including an Electronic Health Record named “Dossier de Soins Partagé”...

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Be proactive: Data governance and data management go hand in hand

Data governance has become a priority for many organizations, initiated to address regulatory compliance, operational improvement or reporting quality issues. However, those same organizations often treat data governance as a standalone documentation-oriented initiative, implementing their own business processes and applying their own tools.

This institutionalized fiefdom behavior results in a siloed data governance program that is challenging to leverage since it is difficult to connect...

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Automating the implementation of data governance policies

As a vendor in the data management space we’re excited to see an increasing number of firms realize that their data is an asset. And as a provider of governance oriented solutions, we’ve been delighted to see organizations create the role of chief data officer--making someone accountable for the coordination of corporate data policies, practices, and strategy. As we often tell our customers and prospects, at the root of many data management problems is a lack of clarity around who are...

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Orchestra Networks improves analytical MDM support for business intelligence and big data use cases

Introduces enhanced enterprise dimension and hierarchy management capabilities at the Gartner Business Intelligence & Analytics Summit.

Orchestra Networks, the independent, pure-play multidomain master data management software provider today announced new and improved capabilities in EBX5 for managing hierarchies, enterprise dimensions and attributes that improves support for business intelligence and big data use cases.

These enhanced capabilities address some of the most common issues...

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BI & Analytics: Classify before you analyze

According to Wikipedia, classification is the process in which ideas and objects are recognized, differentiated, and understood. In business intelligence, when performing reporting and analytics, companies need to go through the classification exercise before they start analyzing numbers–or, they must build hierarchies. 

But what are hierarchies? 

Hierarchies are often described as a system or organization in which elements are ranked, one above the other, according to status or...

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Does self-service BI need self-service hierarchy management?

The business intelligence market has moved towards a self-service approach where the business users have control over their reports and dashboards. Vendors such as Tableau, Qlik, etc have shaken up the BI market and gained share by putting the business user at the center of business analytics activity.

Many voices are raising concern about this self-service approach. Is it sufficient to have access to an easy-to-use tool for producing meaningful, accurate reports and analytics?

...

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New release of MDM for Oracle Hyperion EPM Applications now generally available

Version 1.5.0 of MDM for Oracle Hyperion EPM Applications is now generally available to all licensed customers.

Built on EBX5, Orchestra Networks’ market leading MDM solution, MDM for Oracle Hyperion EPM Applications bundles everything organizations need to create, maintain and version their financial metadata and hierarchies for Oracle Hyperion Financial Management, Essbase and Planning. The built-in components eliminate development efforts needed to create and maintain data models, APP...

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The 4-Rs of building your RDM business case

Analysts have found that accurate and consistent reference data plays an important role in the data architecture for enterprise systems. They have recognized that all systems–MDM, reporting systems and enterprise applications–require a common set of reference data to interoperate.

However a business case for reference data management (RDM) requires more than a  general recognition of reference data’s importance.  Business cases demand specificity. Where does effective management of...

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Whitepaper: How Digital Asset Management can benefit from MDM

Orchestra Networks has many customers in Media and Entertainment (M&E) and Consumer Packaged Goods (CPG). These organizations use EBX5, our software, to master product, multiple domains of master and reference data, and their relationships.

These organizations also keep their products’ digital assets in Digital Asset Management (DAM) software. These assets are required for integrated marketing campaigns across social media, print, outdoor, radio, and television. 

While digital assets...

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Untangling M&A with Financial MDM

Business Insider ran with this rather provocatively entitled article: Salesforce Just Disclosed A Really Odd Thing: It Doesn’t Really Know Where Its Revenue Comes From.

It turns out that the US Security and Exchange commission has been working with salesforce.com to understand how they came up with the growth numbers in their filings. The results can be summed up in this rather surprising admission:

“.. we [salesforce.com] respectfully note that we currently do not have financial...

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The need for sophisticated master data management in HR

Appirio, the global cloud consultancy perhaps most well-known for their 600,000 member topcodercommunity and crowdsourcing platform, had some interesting predictions for Human Resources in 2014 on their Cloud Powered Business Blog (part 1part 2part 3). While many of their predictions address the consumerization of IT, the impact of millennials, and the globalization of talent– one of their more interesting (well to us, a master data management vendor) was their comment on the...

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Big Data + Bad reference data = Bad Forecasts

A couple of days ago I caught an article in the Wall Street Journal entitled: “Corporate Economists Are Hot Again.” The article described how large companies are expanding their internal economic analysis units to

“… digest huge amounts of data … to determine opportunities and risks for companies’ business units, not just in the U.S. but around the world.”

At first glance I thought this was going to be another article on the importance of data scientists, but then this...

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Master data makes your big data meaningful

Periodically, I meet with our keys customers to discuss the state of their MDM program and learn about how we can serve them better. Recently, I sat down with the CIO of McDermott International, Maurice Tayeh. Naturally, the topic of big data and analytics came up. Maurice pointed out something interesting. (Incidentally, Mr. Tayeh will be speaking on MDM, Big Data and Business Intelligence at the upcoming Gartner MDM Summit in Las Vegas April 2-4, 2014). Mr. Tayeh asserts that big data...

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The best run ERPs run on good master data

Enterprise resource management systems support each step of an organization’s value chain with modules for product development, procurement, logistics, manufacturing, and sales and service. Additional modules support overlay functions such as finance, human capital management and corporate services. 

Each one of these ERP modules rely on a special kind of data, called master data. Master data represents the shared data that’s in use across the value chain, examples include: G L...

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How to add Master Data Management to your organization’s list of 2014 resolutions

Many organizations recognize that master data management is a must have. As our customers point out, accurate and consistent master data for products, customers, financial accounts, organizational hierarchies and locations streamlines processes within the organization and reduces reconciliation costs.  This need for accurate and consistent identifiers, attributes and hierarchies is the impetus for implementing the processes and systems used to govern your organizations shared data, or...

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