Tag Archives: location
Did you hear about Eilon Musk’s, founder of PayPal, billionaire and visionary extraordinaire, SpaceX venture and its recent success of the first privately-funded launch of a rocket to re-supply the International Space Station?
You may wonder what this has to do with MDM but there is a connection. Just as forward-thinking as Musk in private space exploration, there are companies who are already exploring on how to use space-based information (geospatial) to deliver higher value to their customers and improved operational efficiency. (more…)
Over the last few weeks (more like months), I have been noticing a trend, which some of you may regard as a Bart Simpson “Duh!” moment, but give me some latitude to explain nevertheless. The global trend that I am talking about is the emerging need for master data definition, acquisition, and management in industries beyond the typical ones of financial services and retail. (more…)
In my recent series of posts, I have been noodling on the differences between the concept of an “address,” which implies delivery, and “location,” which provides a much broader view of geographic points in space that have relevance to business or operational activities. In my last post, we looked at the characteristics of each of these concepts and some critical differences.
And to continue those thoughts, as opposed to the level of precision provided by location coordinates, there is lingering ambiguity associated with addresses. For example, with a residential address, we could be talking about any of these points:
- The location of the mail drop;
- The location of the front door;
- The location of the front of the driveway;
- The median point of the parcel frontage; or
- The center of the rooftop,
among other potential places. But, as my last set of posts was intended to highlight, there is great importance of high quality location information, and a good starting point is address standardization and cleansing. You need to be able to resolve known addresses into precise locations as well as map locations to their nearest addresses. Yet many organizations don’t have any handle on their own address standardization and cleansing strategy. It might be worth a quick scan and see how many different address cleansing tools are in place, how many people are assigned to manage those tools, and the many different sets of rules used in different business processes. Any replication of utility or functionality might be a sign that it is time to revisit that address cleansing strategy from an enterprise standpoint and standardize on one framework to reduce complexity and duplicative work.
In my last post, I shared a minor epiphany I experienced working on a project to merge data sets from two different oil companies in which I fully recognized the difference between an address and a location. Borrowing from an assortment of definitions, a location describes a point or an area within a dimensional space. A location is frequently mapped to two dimensions on the surface of the earth, usually latitude and longitude, but may encompass three dimensions (including altitude). On the other hand, an address is a text string that is formatted according to a definition provided by a postal authority representing a location directing parcel or package delivery. (more…)