MDM, Assets, Locations, and the TARDIS

Henrik Liliendahl Sørensen, as usual, is facilitating excellent discussion around master data management (MDM) concepts via his blog.  Two of his recent posts, Multi-Entity MDM vs. Multi-Domain MDM and The Real Estate Domain, have both received great commentary.  So, in case you missed them, be sure to read those posts, and join in their comment discussions/debates.

A few of the concepts discussed and debated reminded me of the OCDQ Radio episode Demystifying Master Data Management, during which guest John Owens explained the three types of data (Transaction, Domain, Master), the four master data entities (Party, Product, Location, Asset), as well as, and perhaps the most important concept of all, the Party-Role Relationship, which is where we find many of the terms commonly used to describe the Party master data entity (e.g., Customer, Supplier, Employee).

Henrik’s second post touched on Location and Asset, which come up far less often in MDM discussions than Party and Product do, and arguably with understandably good reason.  This reminded me of the science fiction metaphor I used during my podcast with John, a metaphor I made in an attempt to help explain the difference and relationship between an Asset and a Location.

Location is often over-identified with postal address, which is actually just one means of referring to a location.  A location can also be referred to by its geographic coordinates, either absolute (e.g., latitude and longitude) or relative (e.g., 7 miles northeast of the intersection of Route 66 and Route 54).

Asset refers to a resource owned or controlled by an enterprise and capable of producing business value.  Assets are often over-identified with their location, especially real estate assets such as a manufacturing plant or an office building, since they are essentially immovable assets always at a particular location.

However, many assets are movable, such as the equipment used to manufacture products, or the technology used to support employee activities.  These assets are not always at a particular location (e.g., laptops and smartphones used by employees) and can also be dependent on other, non-co-located, sub-assets (e.g., replacement parts needed to repair broken equipment).

In Doctor Who, a brilliant British science fiction television program celebrating its 50th anniversary this year, the TARDIS, which stands for Time and Relative Dimension in Space, is the time machine and spaceship the Doctor and his companions travel in.

The TARDIS is arguably the Doctor’s most important asset, but its location changes frequently, both during and across episodes.

So, in MDM, we could say that Location is a time and relative dimension in space where we would currently find an Asset.

 

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The Blue Box of Information Quality

OCDQ Radio is a vendor-neutral podcast about data quality and its related disciplines, produced and hosted by Jim Harris.

On this episode, Daragh O Brien and I discuss the Blue Box of Information Quality, which is much bigger on the inside, as well as using stories as an analytical tool and change management technique, and why we must never forget that “people are cool.”

Daragh O Brien is one of Ireland’s leading Information Quality and Governance practitioners.  After being born at a young age, Daragh has amassed a wealth of experience in quality information driven business change, from CRM Single View of Customer to Regulatory Compliance, to Governance and the taming of information assets to benefit the bottom line, manage risk, and ensure customer satisfaction.  Daragh O Brien is the Managing Director of Castlebridge Associates, one of Ireland’s leading consulting and training companies in the information quality and information governance space.

Daragh O Brien is a founding member and former Director of Publicity for the IAIDQ, which he is still actively involved with.  He was a member of the team that helped develop the Information Quality Certified Professional (IQCP) certification and he recently became the first person in Ireland to achieve this prestigious certification.

In 2008, Daragh O Brien was awarded a Fellowship of the Irish Computer Society for his work in developing and promoting standards of professionalism in Information Management and Governance.

Daragh O Brien is a regular conference presenter, trainer, blogger, and author with two industry reports published by Ark Group, the most recent of which is The Data Strategy and Governance Toolkit.

 

The Blue Box of Information Quality

Additional listening options:

 

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