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Stibo Systems Blog

Master Data Management Blog by Stibo Systems | Page 2

What Is Master Data Governance – And Why You Need It?
Apr 14, 2021 3:00 PM

What Is Master Data Governance – And Why You Need It?

Author: Matthew Cawsey

High-quality master data and transparent processes are necessary to protect and grow your business. Master data governance helps you achieve it.


Transparency and high-quality master data are essential to everything related to your business: revenue growth, operational efficiency, risk management and compliance, analytics and digital transformation; and your ability to control costs and be agile.

The following discusses what master data governance is, why you need it, and how to implement it.

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9 Ways Master Data Management Can Help Retailers Enhance CX
Apr 8, 2021 3:00 PM

9 Ways Master Data Management Can Help Retailers Enhance CX

Author: Brian Cluster

The importance of data integrity in delivering an optimal digital experience for customers

Shopping behaviors shifted dramatically last year as consumers adopted more digital tactics across the entire shopping journey. Many consumers engaged in digital activities throughout the shopping process such as researching and purchasing products online or selecting different delivery options. These retail trends are here to stay, according to a McKinsey survey, which found that 71% of apparel shoppers and 66% of grocery shoppers who used digital shopping services for the first time during the Covid-19 crisis will continue to do so after it ends.

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How to Improve Your Data Management
Mar 31, 2021 3:49 PM

How to Improve Your Data Management

Five steps to unlock the value of your data and achieve compliance, using approved data management principles

As your company’s connected and online business activities increase, so does the data generated by these interactions. But, how are you using this data? Are you harnessing the insights it imparts to increase sales or launch new products? If not, why not? This post gives you 5 steps on how to improve your data management efforts.

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Multidomain MDM vs. Multiple Domain MDM
Mar 31, 2021 3:00 PM

Multidomain MDM vs. Multiple Domain MDM

Author: Darren Cooper

Not all “multidomain” master data management (MDM) solutions are the same. Here are the differences and why you need to know.

When selecting solutions to help support your master data management and data governance ambitions, one of the many aspects you are likely to evaluate will be support for “multidomain” MDM. Your initial inclination is almost certain to be selecting a solution that can “do-it-all.” In many cases, this will be despite the fact you currently have a business use case for only one data domain; customer or product data, for example. A single solution that could do more in the future would, of course, be desirable, to make more efficient use of available resources.

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Spending too much on Big Data? Try Small Data and MDM first
Mar 24, 2021 3:00 PM

Spending too much on Big Data? Try Small Data and MDM first

Author: Darren Cooper

Together, small data and multidomain MDM reveal new insights into your business

Over the past few years working in data governance, I have encountered many projects aiming to re-write decision making processes using ”big data.” Data lakes, predictive analytics, AI and a cacophony of other acronyms have for many people veiled the complexity of big data, which pledged to deliver the four golden eggs of data insight; 1) better decision making, 2) happier customers, 3) freedom from risk and 4) identification of new opportunities.

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How to Extract More Value from Your Data
Mar 17, 2021 3:00 PM

How to Extract More Value from Your Data

Author: Brian Cluster

Increasing the value of your data is easy with master data management

Last year was a year of tremendous change for businesses and consumers, as they adjusted to the realities of life during a pandemic. Many consumers turned to apps to track diet, fitness and other personal goals with incredible detail, accuracy and consistency, often connecting them to wearable technology that captures data automatically (e.g., heart rate or steps taken).

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In the World of Digital Business, there is No Room for Alternative Facts
Mar 4, 2021 3:00 PM

In the World of Digital Business, there is No Room for Alternative Facts

Author: Jens Olivarius

Trustworthy, transparent data has never been more essential to business success than right here, right now

A healthy, well-run democracy is characterized by a willingness among its leaders to find common ground they can stand on in order to create a better future for its citizens. Despite the fact they often have different opinions on what actions need to be taken, experienced politicians know they can only succeed through collaboration. They also know success depends on being able to agree on some basic assumptions about what the facts are, and what they are not. It is otherwise impossible to make sustainable progress in a democracy.

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Are you making decisions based on bad HCO/HCP information?
Feb 24, 2021 2:30 PM

Are you making decisions based on bad HCO/HCP information?

Author: Darren Cooper

Trusting the data you use has never been more important in the life sciences industry

As supply chains undergo ever greater pressure to perform faster and more efficiently, business leaders need to become more data-driven in their decision making to identify areas for cost efficiency improvement, new business opportunity and transparent compliance management. However, the most business critical of data, including product, supplier and customer data, is impeding the data-driven objective. This data is lacking in quality, coherence and availability due largely to fragmented and inconsistent data management processes.

You just cannot be data-driven if you don’t trust the data you use.

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NRF Recap: Forward Together Through Digitalization and Humanization
Feb 18, 2021 3:00 PM

NRF Recap: Forward Together Through Digitalization and Humanization

Author: Brian Cluster

Lessons learned and digital wins provide confidence for retail success this year

Over 20,000 leaders from retailers and brands convened this year for NRF’s Big Show. But for the first time in 110 years, it was completely virtual. Despite the challenges, NRF came through just as retail did in 2020 by innovating and pivoting to create an excellent experience. There were more than 130 sessions by 330 speakers from over 3,500 participating companies.

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CPG Trends and Opportunities in 2021
Feb 11, 2021 2:30 PM

CPG Trends and Opportunities in 2021

Author: Brian Cluster

Creating value for CPG brands in 2021 starts with optimizing the value of data

The CPG space experiences significant change every year, but for manufacturers of consumer packaged goods, 2020 was one for the record books. At this time last year, industry experts already predicted big changes were coming. Then came the global pandemic, causing the market to shift at an even faster pace. For brands that had taken steps to anticipate and prep for evolving trends and opportunities, the journey was tough but navigable. For others, there were difficult, unexpected challenges.

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