Tag Archives: MDM journey
Our customer executives delivered some inspiring presentations at our recent Informatica World conference on how master data management (MDM) is enabling strategic business imperatives such as increasing revenue by making more relevant cross-sell offers, improving regulatory compliance with more effective reporting, and streamlining key business processes such as order-to-cash to improve the customer experience. A big thank you to all the presenters for sharing their stories!
These innovative companies are using MDM to better leverage their business-critical data about customers, products, channel partners, suppliers, employees and so on to do two things: 1) enable strategic imperatives or 2) solve pressing business problems. If you were at Informatica World this year, but were unable to attend these MDM customer sessions, you can get access to the presentations online by searching for these titles. (more…)
Just this week, leading research firm Gartner, Inc. published its 2010 predictions for MDM. There is one prediction related to multidomain MDM that I found particularly interesting. It mentions that the number of companies shopping for multidomain MDM solutions has increased. Now, why is that?
To get some insight into MDM purchasing and implementation trends, we simply need to look at companies that began their MDM journey in the past five years, especially those companies that started off with a single domain, such as customer data. Many of these MDM pioneers have since expanded their implementation to other domains such as finished products, materials, price, employees, and so on. But how did they do that? By using the same multidomain MDM platform? Or by separately implementing distinct single-domain MDM applications, such as one for customer data and another for product data?
Gartner contends that no vendor has a comprehensive multidomain MDM technology that handles all different industry use cases using different data domains. A true statement if you are purchasing an “MDM application.” Similar to packaged applications, like ERP or CRM which manage back-office or front-office operations, purpose-built “MDM applications” that focus on a single data domain for a certain industry can, in fact, only handle use cases that are specific to that data domain. So, Gartner is right in saying that a customer that uses “MDM applications” will have to work with different MDM vendors and technologies.
However, this should not be the case if you use an “MDM platform.” We can think about the situation as similar to database or web server technology; these technologies are pretty horizontal and flexible enough to address just about any use case in any industry. In the same way, a multidomain “MDM platform” is flexible enough to accommodate any data domain, and has the ability to cleanse, enrich, match, merge, and display data relationships across multiple domains.
What I don’t agree with in the Gartner predictions is the statement that only large vendors will provide “stronger” multidomain MDM. In my experience, these vendors are largely packaged application vendors, and coming from that heritage, they currently sell different single-domain “MDM applications.” While they talk up “multidomain MDM,” their customer base tells a different story – they have to use multiple distinct MDM applications because no single MDM application can accommodate diverse use cases involving different data domains. In contrast, Siperian has customers in different verticals using our multidomain “MDM platform” to manage multiple data domains on the same platform. Our customers don’t need different “MDM applications” because they’re fully capable of implementing multidomain MDM on their single Siperian platform.
Stay tuned for my forthcoming blog discussing the differences between the “MDM application” and “MDM platform” approaches for cross-industry, multidomain MDM use cases.
In the meantime, what do you think?
A few months ago we blogged MDM for the Business Masses, where we speculated that custom data governance applications for MDM would be the next step to enable business users to directly create and consume master data. We saw further evidence of this through Dan Power’s white paper detailing how proactive data governance – MDM hub as a system of entry – would be the next wave to benefit organizations looking to take the next step in their MDM journey.
It is exactly with this in mind that we released Siperian Business Data Director (BDD), a configurable data governance application that provides an intuitive, business-user focused, and easy-to-use interface by leveraging the Siperian MDM Hub services and MDM solution components. Since then our customers and partners have been busy using BDD in a variety of ways such as integrating with custom widgets and bringing in data from sources outside of the hub so that business users can view everything from within a single user interface through the BDD.
At the upcoming Siperian Masters User Conference scheduled for Tuesday and Wednesday, October 20-21 at the Hyatt Regency, Princeton, New Jersey, there will be a session where some of the most innovative BDD configurations and integrations will be showcased. The best, as voted on by a panel of judges and the audience, will receive the first ever coveted Gooey Award.
This contest, apart from being fun and interesting, highlights the fact that the most successful implementations for MDM come from adaptable and configurable platforms that allow an organization to gradually extend their MDM deployments as their business needs change. Throughout their MDM journey, they can also learn and benefit from best practices encapsulated as MDM solution components (BDD specific or otherwise) thereby ensuring their success.