Master Data Management (MDM) is undoubtedly one of the most powerful tools you can have in your business toolkit today. It allows enterprises to gain a single view (or ‘single version of truth’) of the data held across the organization and use this to materially improve processes and decision making, in turn helping meet growth, efficiency and cost aims. And that helps you take data from a valuable business asset to an invaluable one.
Businesses know that it’s time to get off the fence, when it comes to tackling data in an organized, trusted and value-adding way. As the deluge of data created and stored shows no sign of abating, it has never been more important to hone a solid MDM approach, establish the process and governance that will guide it, and commit. That’s why Capgemini shone a light on MDM at the recent IBM Insight event, sharing our perspectives on how and where to get started with MDM—and achieve those tangible business gains, fast.
Alongside partner IBM®, we shared our MDM Proof of Concept (PoC) approach, which we have mobilized for a major investment bank, helping it jumpstart the build and implementation of their MDM system, with IBM. When facing the complex task of establishing MDM in an organization, our PoC is a powerful way of getting it right, because it draws upon pre-defined use cases and scenarios, proven IBM technologies and tested Capgemini solution architecture and tests it through simulations and scoring, analyzing results and drawing conclusions, to make sure that the solution and set up is truly fit for purpose.
Differing business models, regulatory requirements, growth objectives and the existing enterprise technology landscape all demand a joined up and informed approach to MDM. Today, when faced with myriad technology options for managing and using data, it is vital to look at the bigger picture of your organization’s business needs and operational parameters.
The technology is there to make data an invaluable business asset—but one size does not necessarily fit all.