Master data management projects ‘require a holistic approach’February 4, 2011
Companies that are planning to implement master data management procedures should plan carefully for how they want the work to proceed.
This is the opinion of Gartner research vice president John Radcliffe, who explained that it is necessary to have a strong data governance framework in place before such initiatives get underway, reports Information Age.
"Unless organisations take a holistic, business-driven approach to master data management, addressing governance and metrics requirements in particular, they risk having their master data management programmes fail," he said.
Mr Radcliffe added that without a metrics strategy in place there will be no way of properly working out whether the project has been a success or not.
According to a recent report from Gartner, the majority of businesses need to run some kind of master data management programme.
It said effective data quality and governance procedures are needed for such schemes to work out well.