Big data applies to all types of data and is characterized by the four Vs:
- Volume - terabytes, petabytes, or more
- Velocity - data in motion or streaming data
- Variety - structured and unstructured data of all types - text, sensor data, audio, video, click streams, log files and more
- Veracity - the degree to which data can be trusted
Master data is the high-value, core information used to support critical business processes across the enterprise – information about customers, suppliers, partners, products, materials, employees, accounts and more – and is at the heart of every business transaction, application and decision.
Master data, therefore, is a subset of big data and master data management (MDM) can provide a compelling starting point for big data analysis. MDM, by definition, focuses on the highest value entities within an organization. Many organizations imagine that they would like to analyze social media to determine customer sentiment, but do they know who their customers are? Do they know their best customers?
Integration points between MDM and big data include ingesting and analyzing unstructured data, creating master data entities, loading new profile information into the MDM system, sharing master data records or entities with the big data platform as the basis for big data analysis, and reusing the MDM matching capabilities in the big data platform such as customer matching. Together big data and MDM can help extract insight from the increasing volume, velocity, variety, and decreasing veracity of data, in context, beyond what was previously possible.
IBM InfoSphere MDM and IBM’s big data platform can:
- Augment traditional product information data with dynamically derived product traits based on web & social media feedback
- Improve customer service’s ‘360-degree view’ by adding in unstructured content alongside structured customer and product master data
- Discover additional relationship links between master entities based on insights from unstructured documents
- Enhance marketing & sale’s ‘360-degree view’ by deriving additional insight from social media
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Related resources
- Information integration and governance for big data
- Guardium for big data
- Information Integration for big data
- Optim for big data
Think Big – Big Data & MDM
IBM Master Data Management (MDM) experts will discuss how master data and big data fit together.
Master Data Management for Big Data
Together big data and MDM can help extract insight from the increasing volume, velocity, variety, and decreasing veracity of data, in context, beyond what was previously possible.
Think Big – MDM and Big Data
Learn how master data and big data fit together - what they have in common, in what ways they are dissimilar, and how they can be used together.
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Gartner Master Data Management Summit 2013
March 20-22, 2013, Grapevine, TX
IBM invites you to save $300 on the standard registration rate
Register with priority code MDMSP4
Master data management
The key to leveraging big data