The business practice referred to as Master Data Management (MDM) is plagued with Seven Fatal Errors that prevent enterprises from achieving any real success in this area, no matter how much effort or money is thrown at the problem. What are these Fatal Errors? Calling it MDM! Looking in existing data for Master Entities. Using [...]
Seven Fatal Errors in MDM and How to Avoid Them
[This post was originally written as an article for Hub Designs Magazine in November 2012.] Errors that Kill MDM The business practice referred to as “Master Data Management” or “MDM” is plagued with Seven Fatal Errors that prevent enterprises from achieving success, no matter how much money or effort is thrown at the problem. What are [...]
Multi-Dimensional MDM Online Course – Now Enrolling.
Module 2 of Multi-Dimensional MDM online course from the IMM Academy is now live. This module covers the most widely misunderstood of all of the Master Entities. Which one is that? Rumpelstiltskin!! It’s a bit like Rumpelstiltskin in the fairy tale. Some call it Customer, some Supplier, some Employee, some Guarantor, and so on, ad infinitum [...]
Data Quality: Fatally Flawed
Data Quality is a Fatally Flawed Approach The trouble with Data Quality is that it is all about data – and this is a fatal flaw!! Managing data in any enterprise as a standalone element with an imagined intrinsic value is a fundamentally flawed approach that brings no sustainable benefits of any kind. Double Whammy [...]
Why is Customer NOT a Master Data Entity?
Many enterprises see Customer as their most important Master Data Entity and, as a result of this error – and it is an error, they sabotage all efforts to effectively manage ‘Customer’. The fact is that Customer, Supplier, even Employee are NOT Master Data Entities! How can this be? How can entities that play such important roles [...]
Big Data – Do You Really Need It?
“Big Data is the panacea for all data needs and your enterprise needs it now!” Is this really true? There’s an easy way to find out. Simply ask the question, “Does my enterprise have any Business Functions that cannot be effectively carried out without Big Data?” If the answer is “Yes”, then you need Big [...]
FREE MDM Webinar – A Whole New Perspective
MDM & Excited! You do not normally get the terms ‘MDM’ and ‘excited’ in the same sentence. However, excitement is what I feel about our forthcoming MDM Webinar in which I will be telling you all about my latest insights and innovations in the field of Master Data Management (MDM). From the feedback that I [...]
Multi-Dimensional MDM – So Powerful – So Easy!
2D MDM Current thinking and practices on Master Data Management (MDM) could, at best, be said to be two-dimensional. This might not sound too bad, until you realise that one of the dimensions is ‘Customer’ and the other is ‘Supplier’ neither of which is actually a Master Data Entity!! Is this why current MDM thinking [...]
MDM Without Customer! Is That Possible?
There’s No Such Thing as Customer! One of the great paradoxes with the current thinking on Master Data Management (MDM), where so much effort is put into building a ‘single customer view’, is that Customer is NOT actually a Master Data Entity! Come to think of it, neither is Supplier! How can this be? This [...]
Address Universal Modelling Tool
Address Modelling Magic The different structures of addresses in different countries and different languages can seem to be an insurmountable obstacle when trying to bring consistency of address structures for the purposes of Data Quality and Master Data Management. Without the right tool it is insurmountable. However, with the right tool is becomes relatively simple. [...]
Multi-Dimensional MEM (MDM) Online Course
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