by Angela Guess
Philip Russom has compiled a list of the top ten priorities for next generation Master Data Management. He writes, “The news in this report is a mix of good and bad. Half of the organizations interviewed and surveyed are mired in the early lifecycle stages of their MDM programs, unable to get over certain humps and mature into the next generation. On the flip side, the other half is well into the next generation, which proves it can be done. To help more organizations safely navigate into next generation master data management, let’s list its top ten priorities, with a few comments why these need to replace similar early phase capabilities. Think of these priorities as recommendations, requirements, or rules that can guide user organizations into the next generation.”
The first priority is multi-data-domain MDM: “Many organizations apply MDM to the customer data domain alone, and they need to move on to other domains, like products, financials, and locations. Single-data-domain MDM is a barrier to correlating information across multiple domains.”
The second is multi-department, multi-application MDM: “MDM for a single application (such as ERP, CRM or BI) is a safe and effective start. But the point of MDM is to share data across multiple, diverse applications and the departments that depend on them. It’s important to overcome organizational boundaries if MDM is to move from being a local fix to being an infrastructure for sharing data as an enterprise asset.”
Read the rest of the ten here.
