Aug 28, 2018
The foundational pillar of an effective MDM strategy is governance. Governance covers a broad swath of efforts, making it somewhat hard to pin down. As a result, many organizations are not sure how to get started with governance and put off introducing it. However, waiting to introduce governance is less than ideal. In fact, it should really be the first thing you do after defining your business problem.
Aug 21, 2018
The next pillar of an effective MDM strategy is organization. Organization builds on governance by getting the right stakeholders identified and enlisting them as part of your governance body.
Aug 14, 2018
Next comes process, as nothing happens in a vacuum. Implementing a MDM program will impact the organization, and process can help manage that impact.Depending on the scope of your MDM program and how your business currently operates, you might only need to make fairly minor changes to your existing processes (such as how data gets created and maintained) or you might require a complete overhaul.
Aug 07, 2018
As you discuss your processes for managing data, you also need to consider the standards that will govern them. Whether those are regulatory standards set by external parties or internal standards determined by your team, it’s critical to understand the guardrails for how you manage data.
Jul 31, 2018
Given how technology-centric MDM projects tend to be, it might be surprising that technology doesn’t come into play until the fifth pillar. But in an ideal world, organizations would spend time upfront going through governance, getting their organization in place and starting to discuss current and future state processes and standards before they evaluate or adopt any technology.
Jul 24, 2018
Finally, we have measurement. This pillar brings your MDM strategy full circle, because it requires you to go back to the beginning by looking at the business problem you’re trying to solve and the value of solving it.
Jun 04, 2018
Watch the video series that explains examples of master data in your organization.
May 30, 2018
Master data management is the combination of people, process, and technology for centralizing and maintaining your master data. The key here is, it's not just the technology. Obviously, we are a software company and we deliver a technology in the form of software, but when you're implementing MDM, you have to consider that it's not just the purchasing of a platform to implement, but also getting the right people involved and defining the business processes that you need to solve, and then applyi...
May 23, 2018
Domains are really kind of the big level blocks that we use to define master data. We have some example categories of domains. So, one common domain a lot of people look to manage within the MDM is customer domain. Customers could be individuals, they could be individual people, consumers if you will. They can also be businesses as well that use. So, depending on whether you're a B2B or B2C organization, but then there's other flavors of customer or unity type domains that are out there.
May 16, 2018
The next concept is Multi-Domain MDM. This is really where over the past, 5 to 10 years, most vendors are turning towards. In the past, you had a lot of MDM solutions that were purpose-built for a single domain. But the times are a changing, see how.