TIBCO Software has a new approach to data asset management.
TIBCO EBX software, formerly Orchestra Networks EBX, allows users to govern, manage, and consume all enterprise data assets, including master data, reference data, and metadata.
An article by Shannon Peifer in the corporate website explained the need for businesses to have a comprehensive view of the data from disparate data sources.
“Why treat your different data sources as separate from each other? In reality, all of your shared data assets are intrinsically linked and should be managed that way,” Peifer said.
Ideally, Peifer said when data is used by organizations for operations, governance, or analytics projects, all the relevant data should be combined in one place. Workflows and business processes are interlinked, including data.
However, companies often separate important data because one group of data is transactional (such as customer transactions, partner transaction, etc.) and the other is more operational (industry codes, job codes, private reference data, etc.).
“People often refer to this distinction as master data versus reference data. However, you need all of the data from both groups working and living together to get an accurate understanding of your company and your customers,” Peifer explained.
With the EBX platform is capable of supporting a company’s data management needs, including master data management (MDM), reference data management, hierarchy management, metadata management, data governance, and data cataloging—all in one place.
“At the end of the day, you need one system that will do it all for everyone,” Peifer said.
Watch the webinar to learn more about TIBCO EBX.