by Angela Guess
John Radcliffe of Gartner has shared his insights regarding three trends that will shape MDM. He writes, “Master data management (MDM) has become a crucial discipline, with MDM solutions now sitting at the centre of many organisations’ IT architectures. Gartner forecasts that revenue from sales of MDM software will reach USD1.9 billion in 2012, a 21 percent increase from 2011. Three key trends will shape this market’s growth and evolution, and each trend has its complexities.”
Radcliffe continues, “The first trend is the increasing desire for software that meets the common need to manage multiple master data domains. However, when it comes to specifics, different industries have very different requirements, so the picture is complicated. We predict that by 2014, two-thirds of Fortune 1000 organisations will have deployed two or more MDM solutions to support their enterprise MDM strategy. This will either be because they will find that no single multi-domain MDM product can meet all their needs, or because of historically entrenched disconnections between teams working on different data domains.”
