This report covers the current scenario and growth prospects of Global and China Master Data Management
(MDM) Market for the period 2019 - 2025.
All the components of the master data management
capability need to be aligned with the mission, vision, and priority goals of the enterprise.
Hierarchy management in Master Data Management
(MDM) and even Hierarchical Data Matching do not align completely with the real world when it is about handling complex relational data models and hierarchical approaches.
* Master data management
is a new solution trying to find a problem.
In the years to come, traditional enterprise will be confronted with the challenge of coping with this new networked economy--and only those incorporating a master data management
approach organized around customer network interactions will survive.
Naturally, if a carrier implements a comprehensive master data management
program, they have a much better handle on the quality of their information, that's the critical aspect.
Applied to ICD-10, a master data management
approach would provide a central, managed storage and access point for processes and systems that need to consume ICD-9 or ICD-10 codes, mappings and translations (GEMS, reimbursement, overrides and any other desired mappings or hierarchies).
All of the recent activity, toward cloud computing, master data management
and the proliferation of broadband networks and communication standards are pointing to an integration phase that may be the best chance in decades to achieve the automated laboratory envisioned through the introduction of personal computers into the laboratory.
Software AG has recently announced the introduction of process-driven Master Data Management
through the acquisition of New Jersey-based Data Foundations Inc.
Theresa Reed, an enterprise architect assigned to Naval Supply Systems Command (NAVSUP) Headquarters, won third place in the 2009 Department of Defense Chief Information Award recently for successfully completing the critical master data management
segment of Navy Enterprise Resource Planning (ERP) Release 1.1.
He argues convincingly for keeping master data management
as a pivotal consideration in the business strategy.
With complementary market offerings, Deloitte provides organizations with advisory and implementation--related services for enterprise information strategy, architecture and governance, enterprise data management and large-scale IT and finance transformation projects, while Teradata offers leading enterprise data warehousing capabilities and solutions, including the Teradata purpose-built platform family, industry logical data models and solutions for master data management
, customer management and profitability, finance and performance management.