Master Data Management (MDM) is the modern solution for overcoming manufacturing’s data fragmentation while giving you the business insights and agility to act on them.
But what exactly do you need your MDM to do?
These hubs should address two sets of requirements: business and technical ones. Solutions should be easy, accurate and scalable to fulfill business requirements.
They must be multidomain, cloud-ready, and capable of diverse implementation styles to fulfill technical requirements.
Not every MDM platform offers these capabilities.
However, the best deliver these advantages with accountability and customer assistance to beat data sprawl in manufacturing for good.
Speed of implementation is critical to your MDM success. Competitive options in this space can be up and running in less than 90 days. Gartner stated Profisee had more implementations finished within 90 days than any other vendor in its most recent MDM Magic Quadrant Report.
Your MDM should also be fast once it’s set up, and not complicated to use.
Affordable hubs enable you to start small and grow as needed.
Implicit to this requirement is the flexibility to find some initial success first and then grow when required without steep upfront costs. Scalability requirements are measured two ways: horizontally and vertically.
Hubs should scale horizontally to include increasing numbers of sources, yet scale vertically to handle large amounts of data. This requirement is critical for multi- domain deployments, since realistically you’ll only achieve limited value with single-domain offerings.
The most important technical requirement is your MDM solution should be multidomain. Single-domain options escalate costs each time a domain is added—which is almost inevitable in manufacturing. Multidomain options are flexible enough to handle everything from customer to supply chains concerns to avoid this problem.
You’ll need to cross-reference domains to get real-world value from your hub, like analyzing product and customer data for R&D efforts to bring desired features or products to market.
You should also consider what sort of cloud approach the platform uses. Reputable ones involve Platform-as-a-Service and Software-as-a-Service with cloud-native approaches like containers.
PaaS MDM gives you several tools (a relational database, MDM application, an unstructured data repository and more) to support distributed deployments with modern cloud architecture. It’s the right way to bring MDM to the cloud; putting a platform architected for on-premises into a VM and shoving it in the cloud is the wrong way.
Competitive MDM options support a range of implementation styles. Gartner defines four styles of implementing MDM: consolidation, coexistence, centralized, and registry. The consolidation style takes pointers to data in source systems and uses them without first cleaning up the source systems.
This approach really only works well for analytics, like running machine learning on customer data to improve customer experiences. The coexistence style is based on bringing together data in MDM, where it’s corrected before being updated in sources. Since MDM is synchronized with sources, this is good for decentralized or edge use cases.
The centralized style pulls data from sources into MDM, which becomes the only place where it’s updated before being pushed back to sources. This approach is beneficial for rapidly changing transaction data, like certain supply chain metrics or customer interactions. You’ll want the registry style for remote data and integrations between applications. It offers autonomy for sources in distributed settings. Top MDM hubs support all of these styles, which you’ll need depending on the use case.
There are three main considerations for vendor selection. Obviously, you’ll want a product that fulfills the business and technical requirements. You should also ensure your vendor is accountable and remains a part of your team, even after your purchase. Finally, you should do an RFI to help you with the selection process.
This step should trigger the ongoing assistance your vendor provides, which is important for maximizing the value from your MDM. Vendors like Profisee excel in each of these areas to consistently support you throughout your MDM journey.
Picking a Winner
MDM solves the manufacturing pain point of being overwhelmed with data spread out across ERPs, sources and locations. Still, if it doesn’t meet the aforementioned technical and business requirements, it won’t be easy to use in this vertical. It must be fast, affordable, and scalable to uphold the business, while also being multidomain, cloud (native) ready, and supportive of multiple implementation styles.
You’ll find plenty of options that support one or two of these requisites. Profisee is one of the rare vendors to support all of them—including the vendor selection criteria. Profisee’s MDM rectifies silos to provide comprehensive visibility into your manufacturing data for agile business action. It’s just what the industry needs.