I’ve written a new white paper which is now available on the Orchestra Networks web site.
Master Data Management (MDM) initiatives are challenging at best but selecting the wrong MDM technology is a difficult mistake from which to recover and can make it impossible to achieve the expected return on investment from your MDM program.
This new white paper outlines the eight aspects to consider when evaluating MDM technology with data governance capabilities. The paper was written to help guide organizations as they do their due diligence when evaluating MDM software.
It describes the importance of a flexible, model-driven approach and of proactive data governance in delivering true multidomain master data management (MDM). The model-driven approach allows all domains of data to be incorporated into the MDM hub’s data model on an equal basis. And the proactive data governance model includes the business in the entire MDM life cycle, so business owners, end users and data stewards are involved in every step of solving tough business problems using the data governance platform.
I’ve always felt that MDM programs should start with the business need, pain or problem, and that the business should own the initiative.
If you are considering launching an MDM initiative, I recommend you start by creating a roadmap that captures where you are now, where you want to go, how you want to get there, and over what period of time. In addition, make sure you develop a compelling business case. This will greatly increase your odds for success. Most importantly, don’t skip conducting a thorough software evaluation for your MDM and data governance platform. Completing the business case and software evaluation steps will deliver dividends throughout your MDM program.
To download a complimentary copy of the white paper, please visit http://bit.ly/on_whitepaper.