Myth: MDM is Only About Data Quality
While MDM certainly provides quality trusted data, stopping at that achievement severely impedes the realization of MDM’s full business value, and can prevent digital business transformation.
While MDM certainly provides quality trusted data, stopping at that achievement severely impedes the realization of MDM’s full business value, and can prevent digital business transformation.
It’s not one or the other, or, one vs the other… MDM and DG are better together. And for good reasons. Join Nicola Askham, The Data Governance Coach, as she discusses the relationship between Data Governance (DG) and MDM, how they benefit each other, and how to get maximum value from both.
Whether you are dealing with a global pandemic or the chaos of the holiday season, retailers need two things: Insight and Agility. Insight to understand rapidly changing customer behavior and Agility to be able to quickly react to it. We will review how MDM and Data Governance are the foundation of the data strategy that delivers the Insight and Agility retailers need to survive and thrive in even the most challenging of times!
Getting through the first business case is challenging and can seem to go on forever. It may seem impossible to believe, but MDM will become a way of life for your organization if you plan ahead and know where to focus. We’ll walk through several examples to demonstrate the far-reaching impact and value that an MDM program can have.
Chances are, this is probably the first time you’ve evaluated an MDM solution, and by now, you know there is A LOT to consider when evaluating vendors. But before you go signing any contracts, be sure you know exactly what you’re signing up for. The team helps you to understand how evaluations are typically conducted and what you need to look for at the end of the process.
It is easy to get caught up in the possibilities of what MDM can do for your enterprise. It can be daunting trying to decide where to start, what to measure, and what objectives to set. After all, not all data has the same value and not all data problems have the same impact. So what’s the best way to determine the scope of your MDM program?
So you know that you’re ready for MDM and you understand why you need it, but how do you demonstrate to leadership the total cost of ownership and time to value? How quickly can you demonstrate value? Not sure where to start? You’re not alone. Learn how to evaluate the complexity of a given platform and how well it will fit into your existing enterprise to accurately calculate TCO.
Understanding why you need MDM from a business point of view is critical to ensure the success of the project. The reality is that many or most organizations begin without knowing why, which significantly increases the chance of failure. So if you know your organization is ready for MDM, the next step is to understand why you need it.
MDM initiatives often fail to go beyond piloting and experimentation simply because many organizations were never ready for MDM in the first place. So the question is; what does ‘ready’ look like?
Data is essential to effective and efficient manufacturing – but many manufacturers are building their business on a shaky foundation. Unless your data is complete, consistent, and trusted, data is not an asset but a liability.
Hear product experts showcase key Profisee features and answer questions live from the audience.
Profisee Master Data Management (MDM) is how enterprises can finally solve the data quality issues that have been holding back so many strategic initiatives.
Corporate Office 3655 Brookside Pkwy #175, Alpharetta, GA 30022 1.678.202.8990
Navigate
Copyright © 2022 Profisee. All Rights Reserved.