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Management of Reference and Master data is aimed to reduce cost and risk of having disparate data mainly caused by:
Suggested Answer: A
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Management of Reference and Master Data aims to mitigate the challenges of disparate data, which typically arise from:
Organic Growth:
Unplanned Expansion: Over time, organizations often develop new systems and applications organically, leading to isolated and redundant data stores.
Inconsistent Data: These disparate systems often result in inconsistent and unreliable data.
Isolated Systems:
Siloed Applications: Independent systems that do not communicate effectively with each other can lead to multiple versions of the same data.
Lack of Integration: Without proper integration, data consistency and quality suffer.
Mergers and Acquisitions:
Combining Systems: Mergers and acquisitions introduce the challenge of integrating different data systems and standards.
Data Redundancy: Newly acquired systems often come with their own data sets, leading to redundancy and conflicts.
Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
DAMA International, 'The DAMA Guide to the Data Management Body of Knowledge (DMBOK)'
45 comments · newest first
NO
Nobuko
11 months ago
E is a big problem in many companies. Documentation is often lacking!
BE
Beatriz
11 months ago
Wait, can we really blame it all on D? Seems too simplistic.
RO
Rosalind
11 months ago
C makes sense too. Processes are key for data quality.
AR
Artie
12 months ago
I think B is more accurate. Legacy apps are a huge issue.
JA
Jacki
12 months ago
Definitely A! Mergers really mess up data.
JE
Jerry
12 months ago
I vaguely remember a case study about poor documentation causing data problems, which could relate to option E, but I'm not confident.
SH
Shalon
1 year ago
I think the lack of processes for data accuracy is crucial, but I can't recall if that was emphasized as a primary cause. Maybe option C?
NI
Nieves
1 year ago
I'm not entirely sure, but I feel like legacy applications could also contribute to data issues, which makes option B a contender.
HO
Honey
1 year ago
I remember discussing how organic growth and mergers can lead to data silos, so I think option A might be the right choice.
OL
Oliva
1 year ago
This is a tricky one. I'm leaning towards D - migration to new tech platforms and landscape evolution. That's a common driver for reference and master data initiatives, as companies try to unify data across old and new systems.
JO
Josefa
1 year ago
Okay, let me think this through step-by-step. Reference and master data management is all about consolidating and governing core data to reduce costs and risks. The key causes of that need seem to be A - the organic growth and evolution of systems over time.
JA
Javier
1 year ago
Ah, I see what they're getting at here. It's about the underlying drivers that lead to the need for reference and master data management. I'd say B and C are the most likely culprits - legacy systems and lack of data governance processes.
TH
Thurman
1 year ago
Hmm, I'm a bit unsure on this one. The options all seem plausible, but I'm not sure which one is the best answer. I'll have to carefully read through each choice and think it through.
LE
Lettie
1 year ago
This question seems straightforward. I think the answer is A - organic growth, isolated systems, and mergers/acquisitions are common causes of disparate data that reference and master data management aims to address.
JU
Julio
1 year ago
This seems like a straightforward question about HP MFP features. I'll carefully read through the options and think about which one could help reduce environmental impact.
GE
Gerald
1 year ago
Okay, let me think this through. The Enterprise Continuum is about aligning an organization's architecture with its business goals, so I don't think it's just for monitoring or identifying requirements. I'm leaning towards option B or E, but I'll need to double-check the details.
MO
Mozell
2 years ago
Wait, is this a trick question? I mean, they're all sort of right, aren't they? I'm going to go with A just to play it safe. Don't want to get tripped up by the exam gods!
LE
Lemuel
2 years ago
A sounds good to me too. Let's stick with that.
SH
Shaniqua
2 years ago
Yeah, I agree. It's better to go with the option that covers the most possibilities.
EL
Elliott
2 years ago
I think A is the safest bet, covers a lot of bases.
WI
Wilson
2 years ago
I'm going with A too, better safe than sorry.
RO
Ronald
2 years ago
Yeah, I agree. A seems like the safest bet.
CO
Cordell
2 years ago
I think A is the best choice, covers a lot of bases.
MI
Michell
2 years ago
I think both A) and C) are important factors to consider when managing reference and master data to reduce cost and risk.
JA
Janet
2 years ago
I believe C) Lack of appropriate processes to assure data availability and accuracy is also a major factor in managing reference and master data.
JE
Jess
2 years ago
I agree with Jani, having disparate data due to mergers and acquisitions can definitely increase cost and risk.
MI
Mica
2 years ago
Hmm, I don't know. Option D also seems relevant, what with all the technology changes these days. But yeah, I think A is the best answer. Can't go wrong with that one.
CA
Caprice
2 years ago
True, but A covers a lot of bases with disparate data.
FR
Frederic
2 years ago
Option D also seems relevant with all the technology changes.
RO
Ronny
2 years ago
Yeah, I agree. Organic growth of systems and data can really cause issues.
MA
Margret
2 years ago
I think A is the best answer. Can't go wrong with that one.
RO
Royce
2 years ago
This exam question is a piece of cake! Option A is the obvious choice. It's like asking why the sky is blue - the answer is just so obvious.
MA
Maybelle
2 years ago
Yeah, organic growth of systems and mergers can really cause disparate data.
ER
Erick
2 years ago
I agree, option A is definitely the right choice.
JA
Jani
2 years ago
I think the answer is A) Organic growth of systems and data, isolated systems, mergers and acquisitions.
VI
Virgilio
2 years ago
I agree with Laquanda. Option A is the most comprehensive answer that captures the key drivers behind the need for reference and master data management.
LA
Laquanda
2 years ago
Option A seems to cover the main causes of disparate data, like organic growth, isolated systems, and mergers. Sounds right to me.
WY
Wynell
2 years ago
Option A seems to cover the main causes of disparate data, like organic growth, isolated systems, and mergers. Sounds right to me.
PH
Phil
2 years ago
E) Poor or non-existent data documentation available for developers and business analysts
SI
Sina
2 years ago
D) Migration to new technology platforms and evolution of landscape
JO
Jovita
2 years ago
C) Lack of appropriate processes to assure data availability and accuracy
AL
Alex
2 years ago
Option A seems to cover the main causes of disparate data, like organic growth, isolated systems, and mergers. Sounds right to me.
LA
Lashawn
2 years ago
A) Organic growth of systems and data, isolated systems, mergers and acquisitions
ER
Erinn
2 years ago
B) High number of legacy applications and lack of expertise to evolve or replace them
QU
Quentin
2 years ago
A) Organic growth of systems and data, isolated systems, mergers and acquisitions