Master Data Management (MDM) ensures your master data always represents a single version of the truth for your core business data across every channel, function and system in your business.
Otherwise understood as creating a ‘single version of the truth’, master data management is the discipline through which your master data can be ensured to be of high quality and fit for your business needs. Master data management helps businesses remove data silos and achieve a source of master data for the entire business to utilise. The result is master data – be it customer, product, employee or other records – that supplies the same, accurate information wherever it is accessed.
Master data management is carried out not only through MDM technology but with the assistance of experts, like Amplifi to ensure that you consider every component for success. We formulate a strategy based not only on how your data is processed but on its role within your business.
Amplifi's approach to MDM aligns with Gartner’s seven building blocks for successful data management. We have a wealth of experience advising clients in virtually every sector, and a range of partnerships with leading technology vendors, including those below. Every Amplifi approach is based on the following principles:
MDM is nothing without good quality, relevant data to fuel it
At Amplifi, we believe that data is the eighth building block to MDM success – and our data services give clients full confidence in the data at their disposal.
Want to understand more about all of the levels you need to complete to make your MDM a success? Amplifi can help... before we get started you need to find out where you are on your MDM journey, and discover what steps you need to take before tackling a full-blown MDM implementation.
Effective MDM improves the consistency, quality, and availability of data about your business-critical entities such as product data, asset data, customer data, employee data and location data. But why is that important?
Creating and maintaining a single trusted source of master data across your business ensures that data is not siloed, but instead represents a single accurate and up to date record that can be accessed and shared across the business.
Where data is being shared by a number of parties across your business, having a rigorous and documented ownership and stewardship process is essential. Assigning responsibility ensures that your business can trust the data being used to make critical decisions.
With MDM, you can ensure you have high quality data - all aspects of the process will require ongoing monitoring. Specific data quality dimensions are critical, and common data governance rules must be agreed to ensure that the MDM continues to support business objectives.
With increasing volumes of data, and a growing demand, the way you manage your master data is now more critical than ever. By applying a comprehensive MDM strategy, and the right MDM solution, your business can reach new heights. Benefits include:
Improve your master data management strategy with Amplifi’s master data management approach. Fill out the form and one of our experts will be in touch! Alternatively, discover our full selection of data management services.
Amplifi is the go-to data consultancy for Enterprise organizations that want their success to be driven by data. We empower our customers to innovate, grow and succeed by establishing and delivering strategies across all elements of the data value chain. From the governance and management of data through to analytics and automation, our integrated approach to modern data ecosystems delivers measurable results through a combination of expert consultancy and best-in-breed technology.
