Figure: MDM integrated upstream of enterprise systems, expanding data governance.
Having the right systems and people in place to govern data enables one of the most important outputs of an MDM platform: the golden record. Golden records are a single, trusted, analytics-ready representation of a master data entity, created by resolving duplicates and inconsistencies across multiple source systems.
This trusted foundation allows organizations to confidently drive value from their data, increasing revenue, minimizing risk, or reducing operating costs. Often MDM implementations support core initiatives such as eCommerce, PXM, ERP implementations, and broader digital transformation efforts. It is also especially important to your data architecture, where consistent and reliable master data underpins the ability to realize meaningful outcomes from analytics initiatives.
Turning Gold into Silver
In a traditional Medallion Architecture, the Silver layer represents standardized, trusted, and conformed data, while the Gold layer is shaped for specific analytical use cases. When viewed through this lens, MDM golden records align much more closely with the purpose of Silver data than Gold.
Silver layer tables, like golden records, are:
Standardized and conformed: Silver layer tables are standardized and conformed to enterprise data models, reference data, and consistent business semantics to ensure alignment across the organization.
Trusted and high-quality: Silver layer tables contain trusted, high-quality data that has been cleansed, validated, and measured against clearly defined business rules.
Resolved and authoritative: Silver layer tables resolve duplicates and consolidate data from multiple systems into a single, trusted version of each entity.
Governed and traceable: Silver layer tables are governed and fully traceable, with end-to-end lineage back to source systems, auditability, and historical change tracking.
Analytics-ready but not analytics-shaped: Silver layer tables are analytics-ready and reusable across different analytics use cases but need to be supplemented and reshaped in order to service those analytics use cases.
That’s why in your data architecture you “turn” your golden records into Silver data to build upon.