State of Master Data Management 2023

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1. In your organization, what are the main challenges in managing master data? *

Lack of a centralized system
Inconsistent data definitions and format
Data quality issues
Difficulty in data integration
Limited data governance
Other (please specify):

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2. How do these challenges impact your organization's ability to make data-driven decisions? *

Significantly hinders
Hinders to some extent
Does not impact
Not sure

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3. How does your organization currently handle data governance for master data? *

We have a dedicated data governance team
We have a data governance policy in place
Data governance is handled by individual business units
We do not have any formal data governance for master data
Other (please specify):

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4. How often does your organization review and update its data governance policies for master data? *

Monthly
Quarterly
Annually
Never
Other (please specify):

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5. How satisfied are you with your organization's current data integration processes for master data? *

Very satisfied
Somewhat satisfied
Neutral
Somewhat dissatisfied
Very dissatisfied

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6. In your organization, who is primarily responsible for managing master data? *

IT department
Business unit leaders
Data governance team
Other (please specify):

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7. How does your organization currently ensure data quality for master data? *

We use automated data quality tools
We have manual data quality checks
We do not have any specific processes for ensuring data quality
Other (please specify):

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8. How does your organization currently handle data security for master data? *

We have a dedicated data security team
We have data security policies and procedures in place
Data security is handled by individual business units
We do not have any specific data security measures in place
Other (please specify):

9. Are there any other challenges in managing master data that your organization is facing, not mentioned in previous question?

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