Sunday 18 May 2014

Defining Enterprise Master Data Management Strategy – The Challenges


Constructing an enterprise data management strategy that supports multiple business objectives:

The first step in building a strategy is to understand the purpose behind the project and acquainting oneself with current business requirements. The implied strategy must aim to accommodate definite business objectives such as evolving organisational demands over the course of time. It should work towards timely delivery of strategic projects, with respect to long term business goals and also adapt and evolve continuously, to provide results based on increments. Moreover, accommodation of constant technological changes is a must. This must be achieved by incorporating business compatible master data management solutions.

enterprise data management strategy by Verdantis


Syncing the data management strategy with other business processes:

Some of the objectives that need to be achieved by the data management strategy include appropriate provision of properties that contain proper definitions of vital elements such as strategic roadmaps and frameworks. One also has to ensure that the new data management strategy complies with business cultures and also understands the speed at which they adapt to new changes. It should create a delivery approach that paves the way for simultaneous activities, while tackling consistent roadblocks along the way. Reuse similar work products to enhance overall operational efficiency.

Source : YoArticles.Net

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