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Blog: William McKnightMarch 25, 2008MDM ROI and Justification at the MDM SummitI'll be speaking on "MDM ROI and Justification" at the MDM Summit this Sunday, March 30 from 6:30 - 8:00 in the night school program at the San Francisco Hilton. Why would you want to do such a thing? No, I don't mean come to the session, I mean MDM itself. Come to find out. The top six frameworks for MDM justification will be presented. Link. September 27, 2007Office 14 and MDMLeave it to Microsoft to make technology inexpensive and easy. Quite possibly (i.e., link) Office 14 will begin to include the Stratature Master Data Management (MDM) acquisiton. Microsoft has helped to demystify data warehousing and data mining and now begins to do the same with MDM. For the MDM market, this is a partial verification and will expose MDM to a wider audience. Those who are opposed to Microsoft philosophically or don't believe it will scale will go elsewise for their tool. Tools are a start, but can obfuscate the need to address data quality, still the largest impediment to information management success. Continue reading "Office 14 and MDM" » June 9, 2007Microsoft Buys Stratature For Master Data ManagementLink to article. I guess my entry from May 24 was timlier than I thought. This really legitimizes master data management as a force. Stratature had not made great strides, but it does have a nice complement of the requisite MDM functionality that I discuss in my fullday MDM course including the hub, publish/subscribe, and modeling facilitation. Although Stratature hasn't made short-lists in my recent MDM strategies with Fortune clients, I expect its presence to increase now. I expect more midsize companies to now get involved in MDM and, over time, for the price points for enterprise MDM software to settle. Continue reading "Microsoft Buys Stratature For Master Data Management" » May 19, 2007Where to put your enterprise master dataWhat’s on my mind tonight is where companies are putting their enterprise master data and I do think ‘enterprise’ is the key word here. It takes proactive planning, and a dedicated project, to build true enterprise master data in any environment – even those with a heavy ERP footprint who may have done some level of ‘mastering’ there already. 1. In the data warehouse – This is the place where most master data comes together today due to the proliferation of data warehouses and the intense focus during the build of those data warehouses to build a master, shared (conformed) view of each business dimension. Usually most of this master data actually is mastered in the operational environment, but doesn’t come together or get integrated until it reaches the data warehouse. If you were consciously trying to fix master data problems within your operational environment, you would prefer to pull it together in the operational environment and make the data warehouse another feed of the data. Continue reading "Where to put your enterprise master data" » March 30, 2007Master Data Management Strategy QuipsI was recently posed a good set of questions by Dan Lindstedt on MDM. I thought I’d share my quippy answers with you. - Where do you ‘master’ the master data? Strategy: MDM hub feeding operational systems and the DW Technorati tags: Master Data Management, CDI March 29, 2007Who owns Master Data Management?I spoke at the CDI Institute conference Monday and this question was on the minds of the attendees, many of whom were just starting off their MDM program. Defining ownership as the entity that would actually come up with the rules for the sourcing, quality and presentment of the data, as opposed to the entity that would actually build the rules into the systems, my answer is Data Stewardship. Specifically, it's the business data stewards, who are representing the business rules to the IT/consulting build team for MDM. I have written extensively elsewhere about stewardship, but it is essential to MDM success. Hopefully those stewardship programs that were built for data warehousing can carry over to the MDM extensions many are now planning for their information management environment, as evidenced by the conversations I had on Monday. Technorati tags: Master Data Management, CDI , Data Stewardship March 14, 2007CDI-MDM ROI & JustificationI'll be speaking at the CDI-MDM Summit March 26 in San Francisco on the topic of "CDI-MDM ROI & Justification." The abstract... Data integration is required to synchronize master data in order to get a single consistent view of an enterprise's core business entities like customers, products, suppliers, and employees. Yet many executives question economic payback. IT professionals must calculate and present the business value of MDM in terms business executives can understand. Unfortunately, most IT professionals lack the knowledge required to develop comprehensive cost-benefit analyses and return on investment (ROI) measurements. This session provides a framework for the research, measurement, and presentation of the economic value of a proposed or existing CDI-MDM initiative, including practical advice about how to calculate ROI, which formulas to use, and how to collect necessary information. Topics include: * Determining indirect ROI Technorati tags: Master Data Management, CDI , ROI June 7, 2006Yes, we are doing Master Data ManagementHow do you know if you're doing master data management/MDM? Well, first of all, it's unlikely that you're NOT doing some forms of managing master data in your organization. Master data is compiled for a variety of purposes in an organization, usually with limited sharing across those purposes and applications. Somewhere on the path of beginning to share, an organization will take a specific focus on that process. That focus may cause focuses (foci?) on any of the following: April 17, 2006Why have a centralized MDM strategy?If you try to comprehend everything there is to read and hear on MDM these days, you will find yourself going in circles. Therefore, I'll say that whatever you believe about what MDM is, justification is going to be necessary to establish it as a discrete project, over and above establishing the master data that you will do so out of necessity for various other projects. I view MDM as not really an option, we all need to manage our master data. However, making it a discrete project is currently under consideration for many. So why have a centralized MDM strategy instead of just establishing individual data marts/databases for each need - as would be the case without any aspects of a top-down MDM strategy. There are 3 basic reasons. The first 2 have to do with efficiency/TCO and the last has to do with ROI. 1. Systems Impact: 2. MDM methodology and tools competence: 3. Enterprise Subject Areas: April 1, 2006Justifying and Implementing Master Data ManagementThe latest buzzword in information management - and by extension, business intelligence (BI) - is master data management (MDM). You may hear this phrase and stated goal of creating a single version of the truth and wonder, "Haven't we been here before?" or, "We already do that in the data warehouse, right?" You may be correct on both counts. MDM has become hot due to the perfect storm of: The continued struggle organizations face in managing their master data, For the rest of this feature article I wrote for the latest DM Review, please see www.dmreview.com/article_sub.cfm?articleId=1051165. Feel free to comment on it here. March 4, 2006MDM is not just another data martCalling master data management just another data mart, as some has done, is flawed on many levels. Probably most importantly, it implies that mart is fed from the data warehouse. Since the data warehouse should contain master data, not mere duplicates of dirty operational data and data marts should be cut for discrete query and application purposes, what purpose would a master data data mart serve? Master data is more about distribution to those operational systems that need it, as opposed to master data query. Fix master data in the operational environment and feed it to the data warehouse. That way, all systems have access to master data. The data warehouse is too far down in the data lifecycle, and historically has been a poor instrument as a data distribution source, to be effective. If data warehousing met MDM needs, there wouldn't be a clamor for a different way with more applicability to modern business. Master data management in the operational environment can comprise a virtual management structure or a physical structure. And keep in mind MDM is more than data storage and distribution. It's a holistic approach that includes data quality, data stewardship, third party data, enterprise quality modeling, ROI AND data management and distribution. This is why you have so many vendors at the MDM party. Most contribute a piece, like maybe the appetizer or dessert, but few contribute full MDM. It's really a process more than a technology. Contact me to learn about the experience- and success-based approach to MDM I've developed with my clients for my firm. Continue reading "MDM is not just another data mart" » November 9, 2005Upcoming webinar on Master Data ManagementOn November 17th at 2:00 ET, I will be giving a webinar on the B-EYE-Network with Mark Smith of Ventana Research titled "Justifying and Implementing Master Data Management for the Enterprise." You can sign up for it at this link. Here is the abstract: Continue reading "Upcoming webinar on Master Data Management" » August 27, 2005BI Trends: Master Data ManagementAt Scott Humphrey’s Fourth Annual Pacific Northwest Business Intelligence Summit the last weekend of July, I shared a panel with Claudia Imhoff, Jill Dyche and Colin White (covered here by Claudia as well.) Between the panel and the esteemed attendees from the who’s who and the up-and-coming in business intelligence, we covered the bases of business intelligence today and looked ahead to the future. I view it as the best barometer for the BI market. Continue reading "BI Trends: Master Data Management" » BI Trends: Master Data ManagementAt Scott Humphrey’s Fourth Annual Pacific Northwest Business Intelligence Summit the last weekend of July, I shared a panel with Claudia Imhoff, Jill Dyche and Colin White (covered here by Claudia as well.) Between the panel and the esteemed attendees from the who’s who and the up-and-coming in business intelligence, we covered the bases of business intelligence today and looked ahead to the future. I view it as the best barometer for the BI market. |
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