High-quality data is at the heart of successful business
Accessing trustable and updated data from trustworthy sources is not easy to come by. High quality master data that is complete, consistent and up-to-date is a prerequisite for trustworthy enterprise analytics and for flawless business processes alike. This finding is not really new, but as data volumes get bigger and bigger and system landscapes are becoming more and more hybrid or cloud-focused, the approaches of getting master data clean require increased agility: Wherever possible, vulnerable manual processes need to be automated and in the best case, backed by machine-learning capabilities as we have implemented in rules mining for master data quality management ((LINK to come)).
Streamlining and automating the enrichment of master data is another approach to achieving data consistency and completeness. The SAP Cloud Platform based enrichment service is a perfect way to ensure data is of good quality by bringing in expert information from third-party data providers to your master data records. You benefit from the business expertise of trusted data quality providers such as Dun & Bradstreet, or the Corporate Data League (CDL) by pulling this information via cloud service into your master data records.
In a nutshell, it’s about:
- Having a plug-and-play experience in consuming third-party data
- Searching for business partner information from third-party data providers (Dun & Bradstreet, Corporate Data League)
- Creating or enriching business partner records in your business system with high quality data from trusted third-party data providers
Get hands-on experience in using the data enrichment service
With SAP Master Data Governance on SAP S/4 HANA 1809 Feature Pack Stack 2 being available in CAL, you can run specific master data scenarios based on the integration of the SCP data enrichment service with MDG.
If you’d like to find out more about available MDG scenarios in CAL, read this SAP Community blog by Kefeng Wang.
I hope this inspires you on your way of getting and keeping your master data clean.