There are many corporate drivers for the adoption of Master Data Management (MDM). Each business is going to have some mix of the following, with different weighting depending on your needs:
But the technical challenges — attributable in some part to legacy technologies — make achieving these business goals just out of reach. Many early digital transformation projects failed to deliver some or all of the key features that make an MDM system fit for business innovation and transformation. Features such as:
With relational-based MDM, the early phases of a project typically involve modeling the underlying data sources and then creating a single data model which the incoming data sources need to fit into. To make this work, extensive ETL is required to transform data to make it compatible with the central data model. While this is going on, the world is of course changing and the data schemas in the primary systems are evolving – with every change requiring further analysis and work.
There is typically no agreement on how common data items should be stored — so when we try and combine disparate records for the same business entity, we often have to make arduous decisions on which source to select as the most trusted and accurate.
Globalization has led to a variety of additional problems and complications from the data management perspective. This includes multi-lingual and multi-character set issues, and 24×7 data availability needs for global operations.
With so much complexity in a project, any potential system’s interactions with other platforms, the mismatch of data, and the ever-changing needs of the business — it is difficult to know where to start and how to ensure success.
MarkLogic has been solving these problems for our customers for years. Our platform allows organizations to extract value from complex data while ensuring key MDM requirements are met.
The key to the success of these platforms? Start small, stay agile, deliver value, and iterate.
So up next is our Digital Acceleration series, Powering MDM with MarkLogic. We’ll be joined by customers and partners like MuleSoft, EBCONT, and Blue Meteor, to discuss all the aspects of MDM including data integration, third-party data, data governance, and data security, and how we bring all of these elements together in one future-facing, agile MDM data hub.
These will run over three weeks, with guest speakers and demos covering a variety of topics. You can sign up for these events by clicking on the title links below:
• Week 1 | 14th October – 2 pm BST (9 am EDT, 6 am PDT) — Data Integration & Third-Party Data
• Week 2 | 21st October – 2 pm BST (9 am EDT, 6 am PDT) — Data Governance & Data Quality
• Week 3 | 28th October – 2 pm BST (9 am EDT, 6 am PDT) — Technical Deep Dive – Building Your MDM System & Beyond
If you have any questions, would like to present on one of the topics, or would like us to discuss something in particular during these events, please email us at CSM@marklogic.com
We hope to see you there!
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