Master Data Management
Successful Master Data Management (MDM) initiatives require the adoption of a comprehensive and strategic view of MDM.
Gartner’s “Seven Building Blocks of MDM: A Framework for Success” is useful in understanding that MDM is about aligning the MDM program with strategic business initiatives and an overall data management program.
Daman can assist with all seven building blocks of successful MDM programs, employing key success factors that include:
- An incremental approach where enterprise capabilities for sophisticated MDM are built incrementally, often by domain, to deliver incremental value.
- Identification of tangible business initiatives and use cases, with identifiable owners who will support the MDM initiative.
- An established data governance organization and processes that support ongoing maintenance for the delivered solution.
MDM projects are expensive, time consuming and high visibility. Is your organization ready for it? Our MDM assessment ― a diagnostic version of our Situational Assessment ― can provide you with a close analysis of your readiness to engage in an MDM implementation.
First, we will evaluate the scope of your objectives, including business initiatives to be supported, target business processes to be integrated and a spectrum of tangible use cases. Then we will juxtapose these with your existing workflows, information models, and integration architecture. Organizational capabilities with reference to data governance are also examined.
The end result is a comprehensive understanding of the completeness of your vision, your strengths and weaknesses, and even possible investment opportunities.
MDM program development
The results of the initial assessment can be supplemented to complete any gaps in MDM vision, business justification and opportunity identification. The scope of the initiative complemented by an incremental investment plan comes next. Phased investment in people, process, organization and technology is defined. If desired, we can define an MDM maturity path and corresponding measurement model based on success metrics.
MDM conceptual architecture
More than most solution areas, MDM affords a dizzying range of possibilities when it comes to architecture and deployment modes. Using our conceptual framework, Daman can help you arrive at key design decisions such as:
MDM vendor evaluation
From a list of over 50 products, the MDM Institute identifies 15 product vendors as its “top tier.” Which vendor is the right one for you? Daman’s MDM heritage model helps you understand the core strengths of each product. Combined with our 11-point conceptual framework with over 200 selection criteria for MDM, Daman can help you cut through the complexity and quickly establish a selection process tailored to your context and needs.
Design and implementation
Daman’s proven MDM deployment methodology provides the framework for designing your MDM solution and managing its execution. This methodology is complemented by a full spectrum of best practice guidelines related to governance and quality and modeling guidelines. Also included are templates for all aspects of the process such as use case definition, state transition analysis, data glossary definition and web service definition.
The seven building blocks of a successful MDM program
MDM heritage model
The many pathways to MDM - each with its own implications for MDM program definition, project phasing, and architecture and product selection.