Master Resource Management (MDM) Challenges
Errors, Omissions, or Loss
it’s increasingly common for organizations to have data inconsistencies across their multiple departments and systems. These numerous links in the chain pose a risk for errors, omissions, or loss
Mis-Aligned Data
Existing systems can’t communicate and work in harmony to deliver excellent customer service and increase revenue leading to poor customer experience, and eventually — lost revenue
Data Governance/Standards
Your master data standard should be in agreement with all the data types in your company yet adaptable to data of various standards impacting your organization. Finding commonality and compliance to standards can be complicated
Data Integration
Integrating MDM with other data applications can be a laborious task. The data transfer from one application to another often causes errors and take a lot of time. Plus, during the integration process, aligning data fields seamlessly is often a moving target
