Are you sharing cars, rides or vacation rentals? This is the age of sharing, and it’s now coming to data quality management: why maintaining your customer or supplier data yourself, when you can share the burden with others?
CDQ has set up a Data Sharing Community (former called Corporate Data League, CDL), where companies can share Data Quality Rules and best data with each other or enrich their own data with public sources, all in a secure and highly scalable cloud environment. In short: Our community offers Data Quality as a Service (DQaaS) for business partner data and a broad range of Data Management Services.
Every company has customers and suppliers, and every company has to work very hard to stay current with data changes. 90% of all data was created in the last 2 years, and the pace of change overwhelms even the most efficient data maintenance operations. Data Sharing beats manual data maintenance both in efficiency and in quality – that’s why we call it the best way to better data!
Companies who embrace Data Sharing typically embark on a 3-part journey:
Governments are increasingly opening their official registries. Benefit from Open Data and use the CDQ Data Sharing platform as your broker! We have integrated over 40 external, trustworthy Reference Data sources into the platform, such as
Now the Shareconomy has also reached the area of business partner data: In its current blog post, SAP introduces the data sharing economy and explains the principle of the collaborative use of corporate data. ▶ Using the Sharing Economy to Improve Supplier Data
Latest cloud encryption technology protects your data, and disclosure to sharing peers is strictly managed. Sharing is secure and efficient!
"Sharing proven bank account data saves significant time, compared to contacting the customers/vendors directly to verify new bank accounts. "Data Shareconomy" is an effective approach to unlock this source of trusted information."Philippe Baumlin, Manager of Global Master Data Strategy, BASF
"We have set out on the journey with the Data Sharing Community together with a number of peer companies. We are convinced that the community will support us strategically in bringing our data management into the next generation."Jens Peter Henriksen, Global Process Owner Master Data - Vendor Master Data, Bayer
Are you interested in Data Sharing and becoming a Community member? We are happy to show you how easy and efficient Data Sharing is for your company!
Watch this video to get a feeling how you can easily maintain your customer and vendor master data:
See how the web app works and how it functions integrated in a SAP system. Find out which successful companies already rely on CDQ Data Management services.