by Angela Guess
A new article from Oracle looks at the relationship between cloud computing and master data management, noting, “Cloud Computing is all the rage these days. There are many reasons why this is so. But like its predecessor, Service Oriented Architecture, it can fall on hard times if the underlying data is left unmanaged. Master Data Management is the perfect Cloud companion. It can materially increase the chances for successful Cloud initiatives.”
Four major challenges that can arise from cloud computing are security, integration, operational costs, and compliance. According to the article, MDM is key in addressing each challenge, stating, “As cloud computing becomes more relevant, and more data, applications, services, and processes are moved out to cloud computing platforms, the need for MDM becomes ever more important. Oracle’s MDM suite is designed to deal with all four of the above Cloud issues.”
The article continues with an explanation of how MDM addresses each issue: “(1) Security – MDM manages all master data attribute privacy and resource access control issues. (2) Integration – MDM pre-integrates Cloud Apps with each other and with On Premise applications at the data level. (2) Operational Costs – MDM significantly reduces operational costs by increasing data quality, thereby improving enterprise business processes efficiency. (4) Compliance – MDM, with its built in Data Governance capabilities, insures that the data is governed according to organizational standards. This facilitates rapid and accurate reporting for compliance purposes.”
photo credit: karindalziel
