by Angela Guess
Aaron Zornes writes in Information Management, “MDM is no longer a ‘fast follower’ technology, but is now a mature solution providing tangible benefits for organizations of all types. For organizations focused on MDM, the goals are new ways to drive down costs; to enable better regulatory compliance; to provide higher levels of customer satisfaction; and to provide increased agility — whether to add new channels or products, or to prepare for and execute on mergers and acquisitions… Moreover, we are experiencing an ongoing battle of intrinsic MDM and data governance programs (that will help enterprises compete, market, grow and regulate their business) versus the oncoming wave of IoT , e-commerce, and social networking related big data analytic requirements (that will help gestate the next generation of digital-driven industries).”
Zornes goes on, “Part of the deliverables for the MDM Institute’s customer advisory council is an annual set of milestones to serve as a ‘road map’ to help Global 5000 enterprises focus efforts for their own MDM programs. For planning purposes, we thus annually identify the top milestones which we then explore, refine and publish via our MDM Alert research newsletter. This set of “strategic planning assumptions” presents an experience-based view of the key trends and issues facing IT organizations by highlighting: (1) Next-Gen MDM (master relationship management). (2) Pervasive MDM-enabled cognitive apps (Master data as a service). (3) Data governance. (4) Cloud MDM (Cloud-enablement, architecture and integration). (5) Reference data management (RDM). (6) Business-critical MDM. (7) Social and mobile MDM. (8) Big data (and ‘in memory’). (9) Business process hubs. (10) Budgets and skills.”
Photo credit: Flickr/ King…