Master Data Management

Why is Master Data Management (MDM) Important?
MDM is particularly important in the Financial Services industry for meeting regulatory compliance requirements. At the next level, MDM is most effective when it is used to drive business intelligence that drives cross–selling, up–selling and customer retention programmes.

What are the main barriers to adopting MDM?
MDM is not a solution that can be bought and deployed successfully isolation. It also requires a rigorous approach to data governance to ensure that people adhere correctly to data policies and procedures.

What is MDM?
MDM is the process of aligning customer, staff or product data within an organisation. The aim is to create a ‘single version of the truth’ that breaks down silos of information and works across the domains of operation within a business.

What MDM solutions are available on the market?
Traditionally, most MDM solutions were built to start with a single domain, such as product or customer records, and then expand into other areas. Today the trend is towards multi–domain MDM that eschews the silo–based approach in favour of a flexible data model that connects multiple domains using a single platform.

How can InterSystems help?
InterSystems helps its customers to take a progressive, multi–domain approach MDM by using the functionality within InterSystems  Caché^® a high performance object database that makes applications faster and more scalable, and InterSystems Ensemble^®, a seamless platform for integration and the development of connectable applications. This removes the need for purchasing expensive purpose–built MDM solutions, and moves organisations away from a restrictive silo–based approach to MDM. For more information, see our case studies.

Further MDM Information
	An MDM Presentation by InterSystems
	Bloor Research – An Analyst Report on MDM
	Technorati – MDM Forum
	Master Data Management Blog.com
	Master Data Management Solutions
	Computer Weekly Article – How to Apply Master Data Management
	Computer Weekly Article – Security in Master Data Management