Master Data Management (MDM) continues to be a rich component of data management, and it is also remains a particularly important aspect of any data governance practice too. Master Data refers to the key and most important reference information in an enterprise such as customers, products, vendors, locations, etc.
I was interviewed recently by Enterprise Management 360 (EM 360) , based in the UK, for an article entitled “Mastering and Taking Command of Data” about how MDM and PIM are enhancing wordwide business operations for Riversand’s customers across a variety of industries. The questions that I addressed are the ones we hear from our customers and prospects, a sure sign that MDM and PIM have entered the mainstream lexicon:
- What are the key difference between big data and master data?
- When is Master Data Management an essential component to a business?
- Which particular markets and industries stand to benefit from MDM solutions the most?
- What should organisations be considering when setting up an MDM network and how can organisations keep their data well-governed and secure in doing so?
- How do you quantify the ROI for implementing an MDM solution?
- With the increasing adoption of mobility strategies in the way companies offer their services, is the MDM implementation process affected?
- What does the the term “having a 360˚ view of a customer” mean to you and why are more and more companies are trying to achieve it?
- Your company specialises in Product Information Management (PIM) as well as MDM. Can you explain why product data accuracy and consistency is such a necessity?
For a copy of the full interview, click here.