Initiate Systems, Inc., a provider of data management solutions for information sharing and improved data quality, has announced the availability of Initiate Master Data Service v9.0, the latest upgrade to the company's master data management (MDM) solution. The new version of Initiate Master Data Service fosters agile data governance for enterprise, government and healthcare customers, enabling them to increase the efficiency and effectiveness of their data management. Data stewards can identify and centrally manage all business data issues specific to their business processes in one tool.
Initiate Master Data Service v9.0 features Advanced Issues Management capabilities. Instead of needing multiple tools, customers can govern all data issues with a single solution. Data managers can rapidly identify, prioritize and route issues to appropriate executives and business analysts. Advanced Issues Management helps foster efficient workflow, facilitate timely response to business issues and ensure compliance with policies and initiatives.
Alex Bentley, director of product management for Initiate Systems tells 5 Minute Briefing that "master data management is being related to business intelligence and analytics, and MDM includes business processes and governance to proactively manage data. Data governance includes people, policies, procedures, and software technology to enable the workflow. It includes data classification, standardization, de-duplication and data stewardship. The Master Data Service version 9.0 includes a workflow engine, business rules, metadata management, and an MDM hub from which master data can be provided to data warehouses and other business processes."
Initiate Master Data Service v9.0 also includes the new capabilities of an Enterprise SOA Toolkit, Cross-Enterprise Document Sharing, and an Accuracy Workbook. The Enterprise SOA Toolkit allows customers to integrate Initiate technology quickly into their service-oriented architecture and create customized Web services. With Cross-Enterprise Document Sharing, customers can view a single registry of all records and documents related to an individual from any access point in an information system. And the Accuracy Workbook helps customers accelerate their decision-making about implementations and upgrades by providing non-technical users with a visual representation of the benefits of increasing data quality to meet the needs of the business.
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