MDM reaches across a number of areas, where functional units within an organization need to share data on products, customers, locations, etc., across multiple systems. As companies gather more data, and have to make it usable for CRM and compliance purposes, they encounter increasing difficulties and questions. What data is correct Who is responsible for it Who maintains the information
Quotes about mdm (3 Quotes)
Global enterprises are finally realizing that MDM solutions can help meet the rigorous demands of globalization and provide the critical flexibility and agility for fluid IT and business alignment. While the core drivers behind MDM adoption are universal among complex companies, each organization has distinctive needs and challenges that must be taken into consideration in order to implement an effective MDM strategy and deliver bottom-line results.
MDM really is centered around the capability to coordinate operations, in addition to reporting. MDM has been around for years, but using master data for specific domains, such as customers, products or financial accounts, is giving rise to Applied MDM and Infrastructure MDM.