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Continuing to get acquainted with the «6C» conception, today we will consider 2 elements: compliance and collaboration.

Currently every industry has special regulations and restrictions according to which companies must operate.

For example,

• REACH (registration, evaluation, authorization, restriction of chemicals): this is the European regulation for high-tech company and manufacturing enterprises for working with chemical substances. REACH’s goal is to provide a high level of public health and natural environment protection. Also, RoHS directive (Restriction of Hazardous Substances) controls the harmful substances content;
• consumer product companies have to comply with the requirements for product labeling and packing;
• FDA: foods and medicines quality (USA) are regulated by Food and Drug Administration.

In the process of data ecosystem studying, it is necessary to understand what information you need to provide the compliance with the requirements. A clear understanding what data you have, how it is collected and processed gives an ability to improve data management system.

Moreover, it is critically important to identify all lags in master data management system. An effective decision is to make complex examination and analysis of the next business processes:

• data management;
• data governance;
• data security;
• reporting;
• data integration.

A proper analysis gives a possibility to identify all system weaknesses and create an effective corrective actions strategy. Also, an essence understanding of all 6 conception elements provide an ability to easily evaluate a present data management system state, define merits and demerits, define goals and tasks of the business. After such analysis it makes sense to address to the responsible partner, who has decades of MDM experience and understands how to rectify deficiencies and achieve the best result.

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