Master data management processes ‘needed by majority of businesses’
January 25, 2011
Most companies would benefit from implementing master data management initiatives.
This is according to a new report from IT analyst Gartner, which noted there is a myth that such work is only suitable for large organisations with a complex structure.
It said this is not the case, as master data management processes are applied whenever two or more business processes need to make use of the same records for their operations.
"This means that most organisations have a need for the discipline of master data management, even if they don’t call it that," the study suggested.
It added effective data governance and quality procedures are necessary for such schemes to be a success in the long run.
Earlier this month, Steve Evans, a columnist for the CBR Software Applications website, said the ultimate aim of master data management projects should be the creation of a uniform view of information across a single organisation.