Master data management (MDM) has become a very hot topic these
days. Unfortunately it is also a source of confusion and
frustration because of the disparate definitions, architectures and
technologies available in this space. This report clarifies these
problems and sets forth a concise, easily understood architecture
for MDM into which you can map your MDM projects.
We view the ultimate goal of MDM as much more than just a
repository of integrated reference data. We feel that a critical
part of MDM is the movement of both the system of entry and record
from the operational systems to the MDM environment. While we
recognize that not all master data may reach this lofty status in
the MDM environment, it is still the goal that should be foremost
in MDM implementers’ projects.
Implemented correctly, MDM can provide significant business
benefits in terms of improving productivity, reducing risk and
increasing revenues. However, it must be realized that enterprise
MDM is a multiyear strategic initiative that can evolve from
smaller, more tactical projects provided an enterprise MDM plan is
developed to support this evolution.
