Oh, how times have changed for retail. 

Some of the biggest retailers we know have been in distress, either filing Chapter 11 bankruptcy or shutting their doors altogether. It’s not (all) Amazon’s fault, although they get the brunt of the blame. The truth is, modern consumers are savvy and have increased expectations. They demand that retailers know more about them, what they want, and what they don’t want.  

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It’s much harder to be original than it is to follow in the footsteps of others. And, when it comes to delivering a successful IT project, this is not a bad thing. Thomas Edison once said, "I have not failed. I’ve just found 10,000 ways that won’t work."

When asked how he could compose with so much originality, Mozart replied, "I never tried to be original in my life." He "simply" built upon what many others before him had done.

Similarly, when you’re starting your data journey, it’s wise to use the lessons, learnings and experience of others to help guide your project. The result will be fewer mistakes, a smoother delivery and a greater chance of success.

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It’s not news to anyone that today’s data-driven market is constantly changing. Consumer demand has changed the way businesses operate as it applies to product development. That said, how can your organization meet customers’ demands while ensuring quality products? This is where the combination of product lifecycle management (PLM) and product master data management (PMDM), traditionally known as product information management (PIM), can help you stay ahead of your competitors.

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This is a recap of Stibo Systems’ webinar “How to meet and sustain the GDPR requirements using data governance” where The Data Governance Coach, Nicola Askham, shares insights into the relationship between data governance and data protection, including the General Data Protection Regulation (GDPR). You can listen to the full 30-minute webinar on-demand anytime you want.

 

Just a few years ago, the discipline of data protection was mainly about securing who had access to your data and ensuring the data did not fall into the wrong hands. Data governance, on the other hand, was mainly about managing your data and improving your data quality. Despite what many people think, data governance and data protection have never been the same thing, and the line between the two disciplines used to be very clear. But now, Data Governance Coach Nicola Askham does not see this line existing anymore. Instead, we have a relationship between data governance and data protection where they work together and complement each other. What happened?

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Recently, I arranged for a parcel to be shipped internationally. The online ordering and payment process was simple, and my package was scheduled to be collected from me and sent the next day; in time for the event it was intended. I thought I was pleased...

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The 25th of May 2018 has come and gone, and the General Data Protection Regulation (GDPR) is now official. In this blog post we'll share a few insights into what you as a business should—and should not—do, in the wake of the GDPR.

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Data is a powerful business enabler. You can use it to improve customer engagement, reduce time to market and increase sales—that is, if you get it into the hands of the right people, when and where they need it.

Unfortunately, we all know that data can easily fall into the hands of the wrong people. With a data-driven business environment comes an increased risk of data breaches, cyber attacks, phishing and more. If your data is fragmented and being distributed across many different systems and applications, the risk only increases.

Effective data management can help keep your data out of reach from anyone not authorized to view, edit or compromise it in any way, making it easier for you to manage data security and data control.

Here is how Master Data Management supports your data security efforts.

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Friday the 25^th of May 2018 will probably go over in digital history as a day to remember, as it marks the day the General Data Protection (GDPR) kicked in, unlocking a whole new standard for what to do—and more importantly not to do—with the personal data of European Union citizens. The GDPR is predicted to be the spark that lights a new data protection mindset with both consumers and businesses—and not just in the EU, but globally.

Up until this date, a lot of the information about the GDPR has been aimed at enterprises, guiding them to compliance. But really, the regulation is largely created with the aim of serving individuals. So, in this blog post we’ll fill you in on what the regulation means for you as a European Union consumer (we’ll cover what it means for non-EU citizens further down the text). What exactly can you expect of companies and organisations in a post-GDPR world? Read on, and find out. Perhaps organisations can even learn a thing or two from this post.

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What the foundation of your Master Data Management (MDM) system is built on will depend on the implementation style you agree gives you the best chance of project success. And this will largely be determined by your business situation when it comes to data management.

There are a few different implementation styles to choose from with the main differences being whether you control your data from a central hub or synchronise the hub with your existing data sources.

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Product lifecycle management (PLM) has come a long way in just a few years. Throughout the 1900s a product’s lifecycle held a similar concept to today’s understanding: introduction, growth, maturity, decline. What’s changed is the management of that lifecycle. PLM was created as a manufacturing tool to track the millions of parts from hundreds of manufacturers. Today, most companies across several industries are dependent on it to be successful. And, if your company hasn’t created a digital strategy for PLM, you’re at risk of being wiped out by the competition.

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