Master Data Management: Industry Research Report

Master Data Management

Published Date: May 2006

Published By: Bloor Research

Page Count: 57

Order Code: R3467-8

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Description

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Master data is an age old problem that started the minute there were multiple packaged applications that were each designed to hold their own versions of data in order to function. To tackle this problem, initially the thought was to eliminate the issue altogether by implementing a single ERP system. When it proved unrealistic to move to one enterprise application implementation, the data mart teams stepped in to pull the disparate data together to provide consistent departmental views of information for reporting. Then, when business processes were required to cross application silos, separate application integration teams looked to reconcile data for transactional flow. The result was multiple transactional systems, multiple reporting environments and multiple application integration technologies—all with their own version of the information truth. With this complexity and high investment in place, IT is now being challenged by the business to provide:

Enterprise-wide access to information for decision-making.
Enterprise-wide business processes that have the agility to cross application and corporate boundaries.
Enterprise regulatory compliance.

The experience of the past has proved that the elimination of complexity is not achievable. Therefore the focus has moved to how best to leverage the existing environment and reconcile data across existing silos so that the business can run against a common definition—and so this is the age of master data management.

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