Chief Data Officers used to have compliance as their primary concern. Today, they are drivers of digital transformation. They are often called upon to establish a data-driven culture and underlying technology infrastructure to deliver tangible business benefits for the organization.Read More
Posts about Master Data Management (MDM)
Do you feel like your databases are more like data vaults? The data vault contains all the information on customers, prospects, products, operations, and finances, only no one knows how to unlock it and discover its secrets.Read More
In times of global, business and economic uncertainty – when data points are changing on an hourly basis and supply chain responsiveness and flexibility are more critical than ever – being able to trust your company’s data is paramount.Read More
I was riding a taxi in Paris recently where I experienced a moment I shall remember forever. It was both awe inspiring and yet terrified me to the very depths of my soul.
The driver took me down the Champs-Élysées and across the Arc de Triomphe… at rush hour.
In the internet’s infancy, before search engines and browsers, you had to know exactly where to look to find the information you wanted.
With the emergence of search engines, the entire wealth of information became available at our fingertips just by inserting a keyword. Google’s most significant achievement involved making sense of big data served up from over a billion websites globally according to user preferences, location and history. Google simply and elegantly integrated the world wide web to deliver information with speed and relevance for the user.Read More
For CDOs, a centralized data strategy is to enable an enterprise to fully exploit data and analytics. To get to that point some essential capabilities are required.
- First, the enterprise must be able to identify, combine and manage multiple sources of data.
- Second, it must build the right analysis models for predicting and optimizing outcomes.
- Third, management must possess the will to transform the organization to understand how to leverage and convert the data and analytics models into decisions that improve business outcome.
In addition, certain prerequisites help clearly define the strategy for how to use data and analytics. The following offers 5 tips on how to do that.
Across industries and trades, master data management (MDM) solutions result in positive business outcomes through improving efficiency and enabling new business. In addition to that, master data management is necessary to ignite digital acceleration and facilitate data governance.Read More
In my previous blog post I explained master data management (MDM) and its importance in the context of the consumer and the customer experience. In this post, I look ahead and shed some light on what we can expect from a technology and customer experience perspective in the near future, as the growing expectations from consumers are currently driving businesses in new directions - and with that, they are also driving MDM.Read More
Several Stibo Systems employees recently attended the Gartner Data and Analytics conference, the largest they’ve hosted, with over 4,200 people in attendance and the most vendors to date. Our booth enjoyed excellent traffic, with multiple prospect conversations across verticals, titles and business needs. We conducted several very positive analyst meetings, shared a presentation in the Gartner Showcase area and even celebrated our 225th birthday with a great cake and interview with Niels Stenfeldt! Over the three and a half days, the team and I, as well as the other attendees were bombarded by a lot of hype around emerging technologies such as artificial intelligence (AI), machine learning (ML) and Internet of Things (IoT). Some of the hype was similar from previous summits, and some was new. The one constant across the last few years is, while master data management (MDM) is not as sexy as these technologies, desired business outcomes cannot be delivered without clean, high-quality, trusted data enabled by the foundation of robust MDM.Read More
I recently had the pleasure of being interviewed by TAG’s (Technology Association of Georgia) Julie Bryant Fisher. As someone who works in the master data management industry, it was an interesting and eye-opening reminder for me. It made me realize that most people not working directly with data management, data governance, ecommerce systems, etc., often do not know exactly what master data management (MDM) is – or even what master data is – much less what a significant impact it has on the average consumer.
With this in mind, I want to take this opportunity to explain MDM from a consumer perspective.Read More