Understanding Master Data Management (MDM) and Its Role in Data Integrity
Key Takeaways: MDM delivers a unified holistic view of your data across domains, so you can make faster, more accurate decisions. Challenges around data literacy, readiness, and risk exposure need to be addressed – otherwise they can hinder MDM’s success Businesses that excel with MDM and data integrity can trust their data to inform high-velocity […]
MDM for Increased Economies of Scale: Top Benefits and Best Practices
Key Takeaways: Leverage multi-domain master data management (MDM) to achieve and increase economies of scale, driving accurate insights and operational efficiency. Implementing MDM provides advanced geospatial capabilities and cross-domain intelligence for benefits like optimized logistics and enhanced customer targeting. To build economies of scale, start small with high-value projects, focus on the larger data integrity […]
Elevate your MDM Benefits through Data Integrity
Better data-driven decision-making, higher ROI, stronger compliance – what do all these outcomes have in common? They rely on high-quality data. But the truth is, it’s harder than ever for organizations to maintain that level of data quality. As your business applications grow, so do fragmented data silos that hold you back. Think about your […]
Master Data Management: Common Misconceptions You Should Know
When most people think of master data management, they first think of customers and products. This is logical, as the core mission of any company is to develop products and services, find the right customers, and consistently deliver excellence. But master data encompasses so much more than data about customers and products. It includes information […]
Why Your Master Data Management Needs Data Governance
Data is pivotal for the success of business operations. With cloud computing, the capacity to extract value from data is greater than ever. As this realization grows, businesses are shifting their investments from hardware to technologies that optimize data assets. Master Data Management systems (MDM) play an important role in harmonizing data assets across large and midsize […]
Building a Business Case for Data Governance: Here’s How
Data governance is fast becoming a business imperative. Many top executives and line-of-business managers lack a clear understanding of the benefits of data governance. Data is a valuable organizational asset, yet if an organization isn’t capable of fully utilizing that asset, there can be a substantial opportunity cost. Data governance plays a critical role in risk […]
Single View of Critical Data: Why You Need A Master Data Management Solution
To compete and thrive in today’s digital economy, many organizations turn to a MDM solution. Your core business data must be: Accurate Compliant Accessible to the users who need it Available for real-time business use This is especially true of master records – the core data that describes your business, products, customers, vendors, employees, and […]
PIM vs. CMS – What is the difference?
With modern customers hungry for product data when making buying decisions, companies looking to boost their digital commerce results recognize the necessity for product content management. The question is – which system is best for disseminating their content to the market? When looking into available options, two platform types typically emerge: Product Information Management (PIM) […]
6 Steps to a Customer-Centric View
Given all of the systems that house information about customers, prospects, and business partners, the task of building a comprehensive customer-centric view of data that provides true customer intelligence presents a significant challenge. Business managers struggle with a multitude of different data sources, each with its own syntax and data structure. Data is constantly changing. […]
Best of 2022: Top 5 SAP Automation Blog Posts
There’s no question as to the need for an SAP automation platform – it’s about selecting the right one that eliminates slow, manual processes, and improves data quality, governance, and compliance. Let’s take a look at the Top 5 SAP Automation blog posts of 2022. #5 3 Best Practices for SAP Automation Today’s organizations use […]
Best of 2022: Top 5 Data Quality and Data Governance Blog Posts
The common goal of many data governance programs is to increase visibility around the quality of data for better business outcomes. As this year comes to a close, let’s count down the Top 5 Data Quality and Data Governance blog posts of 2022. #5 Kickstart a Data Quality Strategy to Build Trust in Your Data […]
Metadata Management vs. Master Data Management
Metadata management and master data management might sound like similar terms, but the difference is very important. Both are essential to virtually any enterprise. To understand why, you’ll need to understand a few things about both categories of data. Metadata refers to “data about data.” It describes where the information resides, how it is structured, […]