The Seven Deadly Sins of Master Data Management: How to Avoid Mistakes That Can Sink Your MDM Effort
Source: Hewlett-Packard (HP)
After looking at all of the challenges involved in MDM, it can easily add an eighth sin to the list: believing that implementing MDM is easy. However, there is a path to success that it has been outlined in this paper. Begin by identifying a business problem that can be solved by MDM and getting commitment from the business. Seek to evolve organization's capabilities in data governance, stewardship, and quality improvement. Understand the MDM solutions available on the market, including their ability to help one manages complexity and handle the type of master data one is dealing with. And always keep a focus on the organizational element of MDM: building consensus, managing change, and solidifying commitment to managing data as an asset.