Data Management for Search Wizards
February 8, 2012
Over the last couple of years data management has become a hot button issue for many corporate enterprises.Tech News World recently reported on data management best practices in the article “The 5 Pillars of Master Data Management.”
According to the article, there are five principles that should be adhered to in order to achieve master data management success. These principles will help one understand how to quantify success, track ROI and communicate the business impact.
In order to succeed the article advises that companies: define their business problem, plan beyond phase one, have a strong governance program in place, recognize that the most important word in MDM is management, and partner with a vendor who has significant MDM and information governance experience.
The article states:
A single trusted view of information provides the clear insight and transparency that organizations need to have effective business processes and interactions with customers and partners. Particularly at a time when social media and new information platforms are becoming pervasive, organizations now have access to new resources offering rich customer insights. However, businesses and governments must recognize that governance has to be part of this information gold rush.
While this write-up has some helpful tips on why it is important to prioritize master data management, we found it to have some painful generalizations. Just the ticket for the search wizards to keep projects running into sandbars and sometimes sinking.
Jasmine Ashton, February 8, 2012
Sponsored by Pandia.com
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