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
More Quotes from Henry Morris:
It's a bold move. (IBM has) made significant investments in technologies surrounding information on demand. But the technology investment doesn't make sense unless they are also making investments around a practice to help organizations deploy the technology to deliver the information where it's needed.Henry Morris
The macro-trends foreshadow major disruptions in the software industry. For example, enterprise solutions platform highlights a shift away from ERP suites as the center of gravity in applications. Intelligent process automation speaks to the rising importance of operational decisions as the target for improvements in business efficiency. And the pull of compliance brings renewed attention to information governance across the enterprise. IDC software analysts are teaming up across research areas to explore the implications of these disruptions to established practices and market players,
Henry Morris
They would have booed Santa Claus in there if he had the hide to advocate a No vote.
Henry Morris
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.
Henry Morris
Master data management is a discipline that goes hand in hand with information governance. Forward-thinking organizations are instituting processes to gain agreement on roles, responsibilities, policies, and procedures surrounding the maintenance of a single view of the entities needed for conducting business and measuring its performance,
Henry Morris
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