| Select MHI Service Offering: | Master Data Management – What is it and Why is it important? Master Data Management (MDM) has rapidly become recognized as an essential component of an overall business information management strategy, providing: A consistent, accurate “System of Record” for an organization’s master data A single, consistent, enterprise view of core business entities Binding of MDM applications with a variety of business applications and providing the integration services (i.e. ETL, EAI, EII) to acquire, transform and deliver master data in real time throughout the enterprise Relevant business processes, application software, and technical integration infrastructure required to create and maintain accurate, up-to-date and consistent views of core business entities across disparate systems in the enterprise
Common Issues Resulting from Ineffective MDM Symptoms of an ineffective MDM strategy include: How Can Myers-Holum Help? Myers-Holum can assist you develop your enterprise MDM strategy, including: Providing a better understanding of the role MDM plays in enterprise information management, information architecture, meta data management and data warehousing Addressing critical functional and business requirements through a comprehensive master data management application framework Identifying best practices and practical solutions for implementing a master data management solution Architecture diagram of ‘Future-State’ MDM architecture vision, including:
- Data Architecture (conceptual, logical and physical data models)
- Technical Architecture (hardware, software, operating systems, storage, network)
- Data Integration Architecture (data movement from source to target, with transformations, data quality, data cleansing, balance & controls) Organizational Model High level initiatives / projects to deliver ‘Future State’ solution Defined technology platform Roadmap of prioritized projects / timeline Business Justification and Range of Magnitude (ROM) budget
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