Curium version 4 delivers Master Data Management
Sun Street Limited, the data management technology company, today announced the release of Curium Master Data Management (MDM), the latest component of its evolving data management platform and its fourth major release.
Curium has been continually developed since its launch in 2010. The first releases of Curium were focussed on an effective workflow solution for managing data quality and are well established as the Curium Data Quality Management (DQM) solution. Now with version 4, Curium MDM delivers a highly scalable data matching and data mastering toolset incorporating new techniques and advanced analysis tools to help financial service firms evolve their data management function.
Adam Saunders, Curium Product Director commented: “Sun Street’s vision for data management continues with the launch of version 4. Having proven that effective DQM can be achieved without the need for huge investments in IT and data infrastructure we set about applying the same philosophy to the data processing components of the firm’s architecture.” Saunders continued: “With Version 4 our clients can really get to grips with their data construction challenges such as trialling multiple construction methods alongside each other to see where costs and coverage can be improved through different mastering approaches or switching data suppliers. We hope that the innovation we have introduced will allow firms to achieve so much more at a lower cost and more quickly than previously possible.”
Curium MDM benefits from the same meta data modelling functions used in Curium DQM. Building upon these data models, firms can, where required, match and de duplicate records from multiple data sources where identifier information is of variable population and quality and use the mastering tools to construct master or ‘gold copy’ records from these various sources. Innovative features include the capture of data provenance, i.e. where did this value come from, for every attribute. This is very powerful for onward analysis and downstream data lineage.
Like Curium DQM, Curium MDM is targeted at the business process and designed to complement the firm’s existing data architecture and investment so as to minimise implementation cost and upheaval. The combination of Curium MDM and DQM allows financial service firms to enhance their data governance programmes as well as reducing operational risk attributable to poor quality data.