by Angela Guess
According to a new article, “Master data management (MDM) is critical to achieving effective information governance, according to a report from IT research firm Gartner, which noted failure to manage information accurately has been the root cause of several incidents, including the leak of sensitive information to WikiLeaks, and can be fatal to the success of MDM programs. Gartner estimates worldwide MDM software revenue will reach $1.9 billion in 2012, a 21 percent increase from 2011.”
Ted Friedman, a vice president at Gartner commented, “The recent global financial crisis has put information governance in the spotlight… Information governance is a priority of IT and business leaders as a result of various pressures, including regulatory compliance mandates and the urgent need for improved decision-making.”
The article adds, “MDM is one of the most notable information governance programs, and the MDM market continues to grow because it focuses on specific business drivers and business-led initiatives. Gartner predicts by 2016, 20 percent of CIOs in regulated industries will lose their jobs for failing to implement the discipline of information governance successfully.”
photo credit: James Cridland
