Embarking on a master data management (MDM) initiative? Whether you succeed or fail depends on more than just the technologies you implement. Processes must be restructured, and your business and IT teams must be closely aligned in order to maximize the value of your MDM program.
But still, the desired results are not guaranteed. The road to MDM success is full of detours and dead ends. There are several worst practices – which, unfortunately, many organizations fall victim to when planning and executing MDM and data governance efforts – that should be anticipated and prevented.
- Failing to recruit an executive sponsor or other senior-level “champion” from the business side
- Not properly identifying the need and the potential value
- Taking a “big bang” approach – starting off with a scope so large that you can’t complete your project quickly or effectively
- Lacking a plan for organizational and cultural change
- Having a “one-dimensional” focus – for example, devoting all your efforts to selecting and implementing supporting technologies
How can you get it right? Read our new eBook, The Eight Worst Practices in Master Data Management and How to Avoid Them. You’ll learn why organizations make these common missteps, how they can derail your project, and what you can do to avoid them. This insight will help ensure the smooth rollout of an effective, functional MDM program within your organization.