2 of them are Data and Process. So, does just buying some tools to use ensure that jobs and data are automated and stored enough? Well, not quite. We're not talking about buying and installing a spreadsheet or word processor here, but something more powerful. Huge business impact actually.
Here's an article that helps you to understand more about the relationship between these 2.
"Developing a successful master data management (MDM) strategy starts with identifying broken business processes that can be fixed with improved data management, according to analysts.
MDM tends to come across like an infrastructure project or middleware -- something that IT would sponsor, according to Dan Power, president of Hub Solution Designs Inc., an MDM consulting firm. But placing sponsorship with IT misses the point, he said.
The line of business needs to sponsor the project because it can identify the business value the data holds and how a single view of that data can affect the bottom line.
"IT should be involved, but it shouldn't drive this," Power said. "It's really a business paradigm -- changing the way the business thinks about data.""
- Courtney Bjorlin, "Successful MDM strategy starts with finding broken processes, not technology", February 2009, SearchSAP.com
Read on here...
MDM tends to come across like an infrastructure project or middleware -- something that IT would sponsor, according to Dan Power, president of Hub Solution Designs Inc., an MDM consulting firm. But placing sponsorship with IT misses the point, he said.
The line of business needs to sponsor the project because it can identify the business value the data holds and how a single view of that data can affect the bottom line.
"IT should be involved, but it shouldn't drive this," Power said. "It's really a business paradigm -- changing the way the business thinks about data.""
- Courtney Bjorlin, "Successful MDM strategy starts with finding broken processes, not technology", February 2009, SearchSAP.com
Read on here...

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