Three Essentials for Starting and Supporting Master Data Management
Trusted data adds clarity. Trusted data accelerates decision-making. And to become a truly data-driven organization you need to be thinking about building a culture around Master Data Management (MDM).
The People, Process, and Technology model described in this Gartner article is timeless because when your people interact with processes, they can scale. When your people interact with technology, they can innovate. And when your process and technology work together you can automate and save costs.
Marrying these three critical components enables for a successful MDM program. Deep dive into this foundational knowledge to learn more about
Digital Transformation is not just about technology, it’s about people, processes, competencies, and culture. This statement holds doubly true for MDM projects.
Businesses embark on MDM implementations in the hope to achieve a single unified view of their master data to make better business decisions and to increase their margins.
But often, they start these projects in a “fixed” mindset that may slow down, or worse, derail the digital transformation initiatives of the company. This article by Gartner describes the three crucial steps businesses must engage with to succeed in their MDM implementations.
At the heart of these steps is the recognition that people, process, and technology are the key to modern digital transformation to succeed. People need to be brought into the process as early as possible. A collaborative process ensures a smooth rollout and subsequent success. And contrary to some common beliefs, technology is definitely the last piece of the puzzle.
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Gartner Three Essentials for Starting and Supporting Master Data Management, Sally Parker, Simon Walker, 13th October 2020.