Posts about ROI and business case

Apr 27, 2021 3:00 PM

How to Create a Strategic Master Data Management Roadmap in Five Steps

Author: Terry Hosford

Your MDM roadmap should be embedded in an overall MDM strategy methodology.

There's no one-size-fits all. A suggested methodology for master data management (MDM) strategy and data governance initiatives typically include the following phases:

Education
Readiness assessment
Strategic roadmap
MDM software selection
Business case

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.

Jul 1, 2020 2:00 PM

How to Build a Strong ROI for Customer Data Management

Author: Darren Cooper

Building a business case for customer data transparency starts with a conversation with your stakeholders

Managing your customer data with a master data management (MDM) platform can add value to your business.

You know this because you’ve seen that trusted sources of customer data can help you reduce the cost of application integration, improve customer experience and get more actionable insight from your analytics.

May 25, 2020 2:00 PM

Five Tactics for The CDO to Get Buy-in for an MDM Solution

Author: Christian Oertzen

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.

Apr 30, 2020 12:32 PM

Six Features of an Effective Master Data Management Solution

Author: Doug Kimball

Make sure MDM includes matching and linking, business rules, governance, data privacy, enrichment and consent management

If you’re evaluating master data management (MDM) solutions, what are the basic features it should offer and why? More importantly, how will each of these elements come together to benefit you and your organization? Following are six master data management tools and capabilities you should look for before selecting and investing in a solution for your organization.

Jan 11, 2020 1:56 PM

How to Measure the ROI of Master Data Management (MDM)

Author: Nils Pedersen

Communicating the value of MDM to executive leadership can be a challenge. Here are four simple steps to get started.

The return on investment (ROI) of master data management (MDM) is a topic that keeps captivating people – especially those considering investing in MDM. And with good reason. As with all major expenditures, people want to know what the outcome will be before they commit to it. It’s basic business logic.

Unfortunately, the answer isn’t always straightforward, since it isn’t necessarily easy to quantify the value of high-quality data and smoother data-driven business processes.

With this in mind, here are a few helpful steps to help you determine the ROI of a master data management implementation.