by Angela Guess
John Radcliffe believes that three trends will shape the master data management market in 2012. The first of these trends 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 find that no single multidomain MDM product can meet all their needs, or because of historically entrenched disconnections between teams working on different data domains.”
Radcliffe continues, “The second trend concerns the hot topic of cloud computing. Many organisations are tempted by the benefits of cloud computing – but the importance of master data, and the need to secure it and its integration and interaction with other systems, also makes many reluctant to place their enterprise master data in a public cloud. At the same time, however, on-premises MDM solutions are increasingly integrated with software-as-a-service applications, and we see MDM technology starting to be deployed in the cloud for line-of-business purposes and specific business initiatives.”
photo credit: the4mahers1997
