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.
Manufacturing companies can benefit greatly from bringing order to their vendor data to capture the significant potential for better decision making and quicker time-to-market.Read More
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
There are many benefits to reap from master data management (MDM). Providing higher efficiency or enabling new business – a positive ROI is almost unavoidable regardless which industry you serve or organization you operate.
Taking retail as an example, mastering your various data domains addresses some of the most business-critical issues such as growing the product catalog, increasing customer loyalty, reducing product returns and accelerating sales.Read More