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
Symptoms of an ineffective MDM strategy include:
Lack of definition /control over comprehensive Master Information and
Business Processes
Excessive Data Errors / Lack of Data Quality
Lost Productivity
Slow Time to Market
Lost Sales
Myers-Holum can assist you develop your MDM strategy and lead MDM project implementations.
Requirements Gathering and Product Selection
Data Model Design
Data Source to Target Mappings
Match Rules Definition and Tunning
Trust/Survivorship Framework Design and Configuration
Commercial MDM Hub Product Installation and Configuration
Data Stewardship GUI Configuration
Real-time Integration Architecture, Design and Implementation
Performance Tunning
Go-live Data Loading
End-User Education
