Winner Bayer: CDL+ "Cinderella Project"
A novel approach to automated Decision Making in Vendor Master Data Management
Bayer's case represents an exemplary data management initiative that implements automated decision-making in their master data workflows based on executable business rules. Their good practices demonstrate the scale and cost savings that are possible by leveraging data sharing and combining community-defined data quality rules with internally defined rules.
Bayer's CDL+ framework builds on a semantic knowledge graph and more than 1,500 Data Quality Rules, defined by the Data Sharing Community, and combines them with Bayer-specific rules. These executable business rules and the validation with external data allow an instant-risk-based approval of master data requests instead of 24h service levels.
The initial pilot scope has achieved a considerable automation rate as well as several secondary benefits in the area of data quality and documentation of data-related knowledge. The utilization of the framework translates into a monetary business case. Moreover, it provides a future blueprint for other data objects (…) and presents a system enabled Data Governance covering many aspects of the CDQ Data Excellence Model.
Bayers novel approach
In this video, Bayer presents their CDL+ approach: A forward-looking approach to automate master data workflows, and manage the trade-offs between data quality, risks and manual efforts in vendor master data management.
45 min video