Jan 11, 2020 1:56 PM
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.