by Angela Guess
Jim Walker of Talend has shared his thoughts on a new breed of master data management. He writes, “The potential benefits of MDM are clear, however, there are a number of factors to consider when implementing an effective MDM system to ensure actual success and return on investment. An iterative approach is most effective. Until now, this strategy has been a bit elusive, however with technological advances for integrated end-to-end tools and in particular, open source ones, which offer a different and more flexible licensing model, the framework for successful MDM implementation is now readily available in the marketplace.”
Walker continues, “MDM has become an accepted and integral component of an organization’s overall data management strategy, and with this growth comes maturity. Today’s MDM software addresses the cost, complexity, and time-to-value problems very well and this new approach is a direct response to pitfalls encountered in enterprise-scale MDM projects.”
He adds, “Redefined, the new breed of open source MDM presents a cost effective model that mirrors the value that the project provides the organization. Thus, value-based pricing for MDM aligns price with the consumer of the master data as opposed to raw record counts found in the hub. This model keeps pricing in sync with the level of value associated with the domain, meaning that cost is kept to an absolute minimum.”
photo credit: Endangered_Human
