Companies today struggle to become agile by implementing information systems that support and facilitate changing business requirements. As a result, the management of information about products, customers, etc. has become increasingly important.
Consider, for instance, the fact that most companies estimate that they are analyzing only 12% of their data. These firms could be missing out on the data-driven insights inside of 88% of data that they’re ignoring.*
This gives rise to an important question – Where do users go to get valid, accurate, consistent data?
Answer is – Master Data Management (MDM)
Vinculum Group will be exhibiting at the 2017 MDM & Data Governance Summit October 10-12 at the Hotel Marriott Marquis in New York City to help answer the critical questions on master data management.
Organized by the publishers of Information Management, it’s the world’s premier conference dedicated to these two topics and provides a mixture of leading industry analyst trend perspectives, a wide array of use cases, market-leading product-specific sessions and best practice panel discussions.
As all elements of business and commerce scenario become more and more digitized, every organization finds itself surrounded by immensely high amounts of data pertaining to the critical stakeholders of their ecosystem, be it customers, suppliers, products, etc. Being able to first manage this data and later master the same becomes imperative in order for businesses to succeed and gain an edge over the competition. Amidst all this, one needs to check that the ever sustaining pursuit of being ‘data-driven’ and understanding off of that data does not lead to the organization losing focus on the very reasons/business goals for which these initiatives began in the first place. For example, inaccurate and inconsistent data with respect to customers could hurt a business in multiple ways.
Now, multiply this inaccuracy to the hundreds of more new customer information adding up in the central database from various systems, namely CRM, ERP, BI, Marketing Automation Platforms, eCommerce front-end and back-end systems, Point of Sale, etc. and imagine the chaos generated by the slightest chance of any data becoming inconsistent across any of these systems mentioned above, thus creating unreconciled data silos throughout your business.
Master data management helps you –
Vin MDM is helping some of the leading organizations (Johnson & Johnson, Ralali, Metro Gaisano, Park n Shop) across the globe to cleanse, de-duplicate and synchronize their enterprise information data all throughout their businesses.
Learn more from our expert panel at the show (Booth 217) or request a free consultation now – Click Here
Hope to see you there.
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