Tag Archives: multidomain master data management

Seven Ways To Reduce IT Costs With MDM

We often hear from our Informatica MDM customers about the main benefits they’ve realized from master data management (MDM)—smarter, faster decision-making and greater productivity though timely and reliable data. What’s less widely recognized is that MDM is proving to be a powerful cost-saving engine, as well.

For instance, a global investment bank saved millions of dollars by using Informatica MDM to virtually eliminate maintenance and support costs for a complex web of point-to-point integrations. If you’re using or considering MDM, it’s a smart idea to assess the costs of unintegrated data systems and examine cost-saving strategies and tactics available through a multidomain, model-driven MDM solution.

We’ve just published a new white paper, “Seven Ways to Reduce IT Costs with Master Data Management,” that drills down into using MDM to target the redundancy, waste, inefficiency, and unnecessary maintenance and licensing typical of a heterogeneous data infrastructure. A sampling of these seven critical areas includes:

  • Interface costs: How you can minimize costly point-to-point integrations that support key business processes
  • Redundant third-party data: How you reduce acquisition costs of duplicate data from third-party providers such as Dun & Bradstreet or Acxiom
  • Data cleanup: How you can efficiently centralize data quality to eliminate expensive manual efforts (more…)
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Posted in Business Impact / Benefits, CIO, Data Quality, Enterprise Data Management, Master Data Management, Operational Efficiency | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

What Your CEO Should Know About MDM

A recent PricewaterhouseCoopers survey of C-level executives at large multinational companies revealed an alarming gap between the value and usability of corporate data.

Some 71 percent of the executives believe their corporate data is a highly valuable asset—but just 39 percent of them feel their companies make very effective use of it, a PwC Management Barometer study reported.

In other words, most companies fail to effectively put their data to work to attract new customers, accelerate business processes, and improve performance. Is your company among the laggards? What would you say if your CEO asked you how the company could improve the usability of its corporate information?

Our new executive brief, What Your CEO Should Know About Master Data Management” takes a look at just that question. Using illustrated examples, this brief outlines a practical, step-by-step use case of how MDM can turn a company’s contradictory and disorganized information into a single, authoritative data set that drives business performance. (more…)

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Posted in Business Impact / Benefits, Business/IT Collaboration, CIO, Customer Acquisition & Retention, Data Quality, Data Warehousing, Enterprise Data Management, Master Data Management, Operational Efficiency | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Webinar: Learn How Kodak Is Enabling Customer Centricity With MDM

If you’ve wondered exactly what type of impact master data management (MDM) can have on improving B2B sales here’s a terrific opportunity to find out first hand!

I’m delighted to announce that Kodak, the multibillion-dollar global imaging company, will be joining us for a must-attend webinar on how it’s using a multidomain MDM solution to enable customer centricity and empowering its sales, marketing and customer service teams with access to a single customer view. (more…)

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Posted in Business Impact / Benefits, Business/IT Collaboration, CIO, Customers, Data Governance, Data Quality, Enterprise Data Management, Informatica Events, Master Data Management, Operational Efficiency, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Best Practices For A Successful MDM Implementation

Best practices are always a hot topic in master data management (MDM) discussions. We often receive feedback from customers on strategies and tactics that worked for them—and input on lessons learned and missteps to avoid.

A new best practices white paper from an Informatica Elite partner, the global systems integration consultancy Infosys, offers a chance to open a dialogue on the ever-evolving body of MDM implementation best practices. Download this paper for a look at seven key principles, including:

  • Business case development: Getting buy-in for an MDM project
  • Active data governance: Formalizing policies and procedures
  • Continuous collaboration: Engaging business and IT in the process

(more…)

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Posted in Business Impact / Benefits, Business/IT Collaboration, CIO, Data Governance, Data Quality, Enterprise Data Management, Governance, Risk and Compliance, Master Data Management, Operational Efficiency, Partners, Uncategorized | Tagged , , , , , , , , , , , | Leave a comment