6 Ways For Building an Intelligent Master Data Management Strategy

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6 Ways For Building an Intelligent Master Data
Management Strategy
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Assess Your Organizational Goals
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Take smaller goals and carve a clear
line-of-sight to your business benefits.
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Evaluate MDM Enabling Technology
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Consider your organizational culture, data
management maturity, consensus of key
stakeholders, and existing skill-sets for
execution support.
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Get the Right Stakeholders on Board
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The stakeholdersemployees, clients, and
third-party vendorswill be able to navigate a
streamlined and structured data to achieve
business goals.
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Keep Architectural Consistency in Mind
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Establish sound information architecture
fundamentals, such as canonical transaction
formats for master data domains as part of a
well-managed data integration practice.
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Take Cues From Your Past Experiences
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Bring into the picture some of the most reused
data domains that, despite being fragmented, have
brought desirable results.
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Dont Confuse MDM with ADM
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Know whether data entities are being accessed
across the organization, or is their usage
limited to a particular application.
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Thank You