Master Data Management: Challenges to Success

Overview

Introducing a Master Data Management (MDM) program is intended to generate a number of benefits to enterprise information and data management. By creating an environment guided by data governance policies and procedures to consolidate replicated versions of data into a single version of the truth (shared by both analytical and operational applications), MDM can alleviate problems related to the consistency, completeness and accuracy that have limited the potential of other strategic initiatives. MDM, however, is sometimes viewed as a disruptive technology. Indeed, opting for an MDM solution introduces organizational challenges that need to be addressed as a prelude to a successful implementation.