You never know what’s going to happen when you click on a LinkedIn job posting button. I’m always on the lookout for interesting and impactful projects, and one in particular caught my attention: “Far North Enterprises, a global fabrication and distribution establishment, is looking to modernize a very old data environment.” I clicked the button […]
How to Win the War Against Bad Master Data
Master data lays the foundation for your supplier and customer relationships. It identifies who you are doing business with, how you will do business with them, and how you will pay them or vice versa – not to mention it can prevent fraud, fines, and errors. However, teams often fail to reap the full benefits […]
Enterprise Data World 2024 Takeaways: Key Trends in Applying AI to Data Management
I was privileged to deliver a workshop at Enterprise Data World (EDW) 2024. Publishing this review is a way to express my gratitude to the fantastic team at DATAVERSITY and Tony Shaw personally for organizing this prestigious live event. Part 1 of this article considered the key takeaways in data governance, discussed at Enterprise Data World 2024. […]
What Is Master Data Management (MDM)? Definition, Components, Benefits, Uses
Master data management (MDM) is a set of practices and tools that help organizations define, unify, and manage their most important shared data assets. MDM provides a single, trusted view of key business entities like customers, products, and suppliers, ensuring data consistency and accuracy across all systems and departments. By ensuring master or “golden” records […]
MDM vs. CDP: Which Does Your Organization Need?
Most, if not all, organizations need help utilizing the data collected from various sources efficiently, thanks to the ever-evolving enterprise data management landscape. Often, the reasons include: 1) Data is collected and stored in siloed systems; 2) Different verticals or departments own different types of data; 3) Inconsistent data quality across the organization. Implementing a central […]
Automated Data Management Tools
“Why?” a chief technology officer (CTO) may ask when the subject of automated Data Management tools arises. After all, their organization has probably already been storing, archiving, and backing up enterprise data day after day with success. For example, setting up a Database-as-a-Service (DBaaS) from a reputable cloud computing provider, with appropriate access to data, […]
How to Ensure Data Quality and Consistency in Master Data Management
In the digital age, organizations increasingly rely on data for strategic decision-making, making the management of this data more critical than ever. This reliance has spurred a significant shift across industries, driven by advancements in artificial intelligence (AI) and machine learning (ML), which thrive on comprehensive, high-quality data. This evolution underscores the importance of master […]
Common Master Data Management (MDM) Pitfalls
Leaders need to trust data within the organization to make sound business decisions. So, many turn to master data management (MDM), a solution to get and keep uniform and accurate data that increases business value. Yet, according to Gartner, 75% of all MDM programs across organizations fail to meet business objectives. Moreover, this trend has worsened since 2015, […]
Master Data Management 101
The management of master data can be described as managing the data that is critical to your business’s operations. Master data management (MDM) deals with managing data that is relatively stable and critical to the business’s operations. The concept of master…
Master Data Management Tools
Master data management uses a combination of tools and business processes to ensure the organization’s master data is complete, accurate, and consistent. Master data describes all the “relatively stable” data that is critical for operating the business. This includes semi-permanent information about products, locations, employees, customers, etc. For example, if a specific customer purchases several products […]