Master Data Management – Five Things to Know

In the world of master data management, silos are a tremendous challenge.

When enterprises try to process information from disparate systems, they too often use sub-optimal applications and initiatives laden with errors and misinformation, not to mention blown timelines and budgets. But master data management (MDM) is actually more than just the breaking down of data silos. It’s about efficiency and service, innovation and security, clarity and perspective. It’s about getting the most of your most valuable resource: your data.

Here are the five things you need to know about MDM:

The Challenge of Multiple Data Systems

For existing enterprises, one of the largest hurdles to developing an MDM system is the multiplicity of databases and applications usually involved. What’s more, Enterprise Resource Planning and Customer Relationship Management systems rely on structured data, whereas the proliferation of IoT devices has created exponential growth in unstructured data.

Take the example of Enel, which is one of the largest power utilities in Europe. Enel was struggling to provide analytics and reporting across all of its power generation plants and equipment. They see data flowing in from multiple systems, including IoT devices on power generation equipment, plant maintenance systems, scheduling applications, and other sources. Each of these data sources has its own data types. Enel was exporting data to csv files and manually aligning the data to generate reports and analytics.

Other companies in similar scenarios might invest in expensive integration bus systems to support a polyglot persistent environment.

Enel found a solution in a native multi-model database. This allowed them to bring all data into a single database. This means no more worrying about different data types or keeping the different systems in sync. The result was real-time data analysis across all sites and multiple data systems. No more month-long manual processes to manually generate reports.

Master Data Management Really is for Everyone

All companies are now digital enterprises. Since all systems rely on data, MDM is a discipline in which all organizations need to remain competitive. Master data powers everything from financial reporting to real estate transactions to fraud protection. The ultimate results are faster and better decisions, improved customer satisfaction, enhanced operational efficiency, and a better bottom line.

Redundancy Elimination is Only Part of It

Most people who’ve heard of MDM immediately link it to one of its primary objectives: the elimination of redundant data. Yes—having a central repository of data will eliminate data redundancies, as long as it’s done correctly. But the benefits of MDM extend beyond redundancy elimination. Namely: data consistency, data flexibility, data usability, and data security (from role-based access).

Mergers and Acquisitions Don’t Have to Mean a Master Data Management Nightmare

Mergers and acquisitions can be rough on data consistency. Reconciling several master data systems brings headaches from different data system taxonomy and structures. This usually results in two systems remaining separate and linked only through a special reconciliation process.

As more acquisitions and mergers occur, the problem compiles into a labyrinth of siloed systems and data. This brings you back the problem that spurned you to invest in MDM in the first place.

The answer lies in the database management system and vendor you choose for your master data MDM system. Make sure to choose a vendor that offers a flexible, multi-model database that allows you to easily develop a single data taxonomy.

The Database that Backs Your Master Data Management System is Key

The most powerful and effective MDM systems run on databases that fit the business model in question.

As an example, Xima Software uses networks that are like graphs. As such, for a telco, an MDM system via a multi-model graph database is the most effective MDM strategy because the database allows for easy visualization of the network since it uses the same graph model.

Master Data Management is Evolving

If there were a fifth thing you needed to know about MDM, it’s that it’s rapidly evolving to meet the needs of today’s enterprises and their customers. Retailers are using it to improve time-to-market and address their customers’ growing expectations to deliver a true omnichannel experience. The consumer packaged goods industry is using it to ensure the accuracy of nutritional information and comply with local disclosure regulations. And every industry is using it to break down data silos.

Gerard (Jerry) Grassi, P.E.
Senior Vice President – OrientDB
SAP

London – June 20, 2017

The OrientDB Team has just released OrientDB v2.2.22

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If you are using 2.2.x series, please upgrade your production environments to v2.2.22. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.22) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements, improvements and bug fixes, have a look at the complete OrientDB Changelog.

CORE

– Fixed bug on toLowerCase/toUpperCase that didn’t take care of Localeinfoicon

SERVER

– Fixed bug on server startup when automatic backup plugin is disabledinfoicon

HA

– Starting from this version hot upgrade of servers in cluster is supportedinfoicon

– Fixed issue with server restart in cluster that was stuck on STARTING status

SQL

– Use of indexes for range queries when >= and <= operators are used has been optimisedinfoicon

DOCKER

– Official OrientDB Docker images are now immediately available with the release of OrientDB 2.2.22.

 

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

London – June 1, 2017

The OrientDB Team has just released OrientDB v2.2.21

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If you are using 2.2.x series, please upgrade your production environments to v2.2.21. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.21) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements, improvements and bug fixes, have a look at the complete OrientDB Changelog.

CORE

– Fixed bug on file management after restoring a 2.1.x backup on 2.2.x

STUDIO

– Fixed bug on client blocked in case of error on message reading

GRAPH

– Fixed integration with gremlin for result set of collectionsinfoicon

HIGH AVAILABILITY

– Improved performance of messages exchange
– Fixed locking problem with distributed transactions
– Fixed OSGi dependency of distributed module from graphdb

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

In case you missed some of the latest news and haven’t subscribed to our newsletter below, here’s a quick recap of this month’s news. Find out how OrientDB can help your startup company with our latest case study and how companies across the world are using graph technology to secure their systems. Stay up-to date with our latest stable release or test the new features in our 3.0 milestones release.

Case Studies

newsc_logo_bl@4xIf you want to learn about how OrientDB can help your startup company, take a look at our latest case studies. Find out how New.sc uses graphs and multi-model features to power an intuitive and increasingly popular news platform.


OrientDB Releases

OrientDB LabsEarlier this month we released OrientDB 2.2.20. This is our latest stable release so if you haven’t upgraded yet, go ahead and download it now. In case you missed it, last month we released our OrientDB 3.0 Milestones Edition. Though not yet suitable for production environments, if you want to test the latest features included in our upcoming 3.0 release, head over to our Labs page.


Partnerships

mi-me-comThis May OrientDB announced their partnership with Chinese system integrator and fraud detection experts MiMe. Using multi-model databases, MiMe is helping companies across China move from antiquated relational systems to modern day, innovative database systems.


Transforming Relational Data

With the release of OrientDB Teleporter last year, OrientDB is being used around the world to synchronise relational data. In fact, we’re the first NoSQL database to enable this feature. Whether it’s data from Oracle, SQLServer, MySQL, PostgreSQL or HyperSQL, Teleporter transforms tables to graphs and allows Relational and NoSQL technologies to coexist.


Stay tuned for more news,

The OrientDB Team


London – May 11, 2017

The OrientDB Team has just released OrientDB v2.2.20

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If you are using 2.2.x series, please upgrade your production environments to v2.2.20. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.20) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements, improvements and bug fixes, have a look at the complete OrientDB Changelog.

CORE

– Fixed retain of storage instance in the profile after close/deleteinfoicon

STUDIO

– Fixed Bug in CSV downloadinfoicon

LUCENE

– Fixed bug on date range queriesinfoicon

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

London – April 26, 2017

The OrientDB Team has just released OrientDB v2.2.19

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If you are using 2.2.x series, please upgrade your production environments to v2.2.19. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.19) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements, improvements and bug fixes, have a look at the complete OrientDB Changelog.

SQL

– Supported wildcards in exclude() and include() functionsinfoicon
– New -force and -full options in HA SYNC DATABASE commandinfoicon

HA

– Improved distributed logs. Information on who is the coordinator server are now printed
– Added timeout in every lock request

Core

– Improved statistic of byte buffer exposed through JMX

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

London – April 18, 2017

The OrientDB Team has just released OrientDB v3.0.0 M1

It is with great pleasure that we announce the release of the highly anticipated OrientDB 3.0! Improving upon the foundations established in OrientDB 2.2, this latest release further consolidates all our strengths to establish a new standard for Multi-model Databases.  As with all our releases, security is always of the utmost importance. OrientDB 3.0 solidifies all our security elements but also adds unprecedented speed and performance, perfect for virtually any use case.

A huge thanks goes out to our dedicated world wide community for their incredible support, relentless efforts and invaluable contributions.

Download The Latest OrientDB (v3.0.0 M1) version:

If you would like to give our latest OrientDB 3.0.0 Milestones Community Edition a try, head over to our OrientDB Labs page and download your copy. Remember that this release is for testing purposes only and is not Suitable for production environments.

Noteworthy Enhancements

We’ve outlined some of the main features of our latest edition in our OrientDB Labs page. For a complete list of features, have a look at the OrientDB 3.0 Release Notes.

 

Best Regards,

 

luca signature
Luca Garulli
CEO & Founder
OrientDB LTD

London – April 6, 2017

The OrientDB Team has just released OrientDB v2.2.18

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If you are using 2.2.x series, please upgrade your production environments to v2.2.18. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.18) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements, improvements and bug fixes, have a look at the complete OrientDB Changelog.

Console

– New LOAD SCRIPT commandinfoicon

Studio

– New studio notifications and enhancements
– Fixed Match visualisation issues
– Fixed visibility issue in Backup Management with Firefox/IE

Core

– Added access of active Intent on database

Lucene

– Fixed NPE in index cursorinfoicon

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

London – February 17, 2017

The OrientDB Team has just released OrientDB v2.2.17

If you are using 2.2.x series, please upgrade your production environments to v2.2.17. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.17) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements and improvements, view the new OrientDB Changelog.

Important Notes

– A critical issue which may lead to corruption of records during update was fixed. We recommend all users and Customers running OrientDB 2.2 upgrade to v.2.2.17.

Scripts

– New ‘delay’ option in stresstester script.
– Increase the default heap size on console.sh/.bat to 1GB and let configure via variable ORIENTDB_OPTS_MEMORY.

JDBC

– Improve interaction with managemnt tools about database metadata.

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

London – February 3, 2017

The OrientDB Team has just released OrientDB v2.2.16.

 

If you are using 2.2.x series, please upgrade your production environments to v2.2.16. View our Change Log for a full list of new functionalities, bug fixes and other improvements.

Download The Latest OrientDB (v2.2.16) version:

https://orientdb.com/download

If you are currently using a previous version of OrientDB, we recommend you upgrade using the link above. However, if you would like to download previous versions of OrientDB Community Edition, you may do so here: https://orientdb.com/download-previous/

Noteworthy Enhancements

For a complete list of enhancements and improvements, view the new OrientDB Changelog.

Scripts

– “logs” command has been added in orientdb.sh – Community Contribution #7130.

HA

– More verbose logs when the download of a database is skipped because autoDeploy=false.
– Removed the ping to Hazelcast servers by default.

Graph

– Fixed regression introduced in 2.2.15 during vertex delete that caused stale pointers – Issue #7118.
– Fixed graph query of properties with kebab-case issue – Issue #7128.

Team and Contributors

A big thank you goes out to the OrientDB team and all the contributors who worked hard on this release, providing pull requests, tests, issues and comments.

Best regards,

Luigi Dell’Aquila
Director of Consulting
OrientDB LTD

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