The market for master data management (MDM) is maturing. Conversations with clients and prospects have shifted from What is MDM? to We have some problems, and MDM can solve them. Where do we start? Thats clear progress. So what are those problems? They cross lines of business, span subject areas and transcend operational and strategic challenges. Here are a few recent quotes from some executives who pinpointed MDM as a business solution.
We define MDM as the set of disciplines and methods to ensure the currency, meaning and quality of a companys reference data within and across subject areas and systems. This lofty definition colors in the depth and complexity of MDM initiatives. Put more simply, MDM ensures that your systems leverage and reuse common, accurate business data. The Need for an MDM Taxonomy
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