Automated Data Inc’s Post

MDM is a critical building block to creating a high-quality data factory. But it is just one of many building blocks for companies that want to inter-connect all of their data to drive intelligence use cases. To inter-connect all of your data, you will need additional tools, as mentioned in our blog -> https://lnkd.in/e3dGGHca. It's also important to note that there is a major skills gap at most companies looking to connect their data. This is the domain of highly skilled engineers who understand the intricacies of preparing data, resolving entities and other data matching techniques, and, more recently, how to (or how not to!) leverage LLMs and machine learning to drive these processes. The skills gap is what drove us to materially automate the entity resolution process, starting with 50 data types. We'll keep adding more every month so that every company in every vertical will have off the shelf tools to help them connect their data with efficiency, speed and accuracy.

This is worth a quick read.

🚀 Chasing big business goals? ✨ https://okt.to/sr1tRA ✨ 🔑 Transform data chaos into clarity with MDM & learn how a unified data view can improve market share, slash costs, and maintain compliance. 📈 MDM's role in creating trustworthy data, enhancing connectivity, and reducing manual labour could help with business growth, efficiency, and agility as well. Stronger data initiatives should always result in improved business outcomes. 👇 Dive in to see how MDM can supercharge your entire organization! #Ataccama #Data #DataManagement #MDM #MasterDataManagement

3 Ways to Get the C-suite on Board With MDM: Bad data holds businesses back, costing millions and hindering decision-making power. As such, it's time to prioritize master data management (MDM). The post 3 Ways to Get the C-suite on Board With MDM appeared first on RTInsights.

Unlocking the Power of Master Data Management (MDM) McKinsey's 2023 survey of over 80 global organizations highlights four key objectives for maturing MDM capabilities: 1. Improving Customer Experience and Satisfaction 2. Enhancing Revenue Growth 3. Increasing Sales Productivity 4. Streamlining Reporting Effective MDM allows organizations to easily organize and access crucial data about customers, suppliers, products, and employees, driving these objectives forward. Are you leveraging your data to its full potential? #MasterDataManagement #CustomerExperience #RevenueGrowth #SalesProductivity #DataDriven #BusinessIntelligence #MDM #DataStrategy #DigitalTransformation

McKinsey's Master Data Management (MDM) Survey highlights four key objectives for improving MDM capabilities: Enhancing customer experience, boosting revenue through cross- and up-selling, increasing sales productivity, and streamlining reporting. Both small and large organizations can benefit from MDM models, but challenges like funding constraints, inadequate technology, and poor data quality often hinder progress. McKinsey suggests adopting modern tools and establishing robust data governance with performance KPIs. This approach ensures consistent core client data while allowing flexibility at the division level. Let iuvo help! #DataManagement #BusinessSuccess #DataGovernance

Bad data holds businesses back, costing millions ($12.9 million annually to be specific) and hinders decision-making. It’s time to prioritize master data management (MDM). The stats don't lie, industry research suggests that MDM solutions can boast an ROI of over 350%. However, getting business leaders on the MDM bandwagon is the first (and sometimes hardest) step. Here are three ways you can internally sell MDM to ensure success via RTInsights: https://hubs.ly/Q02r67gm0

Bad data holds businesses back, costing millions ($12.9 million annually to be specific) and hinders decision-making. It’s time to prioritize master data management (MDM). The stats don't lie, industry research suggests that MDM solutions can boast an ROI of over 350%. However, getting business leaders on the MDM bandwagon is the first (and sometimes hardest) step. Here are three ways you can internally sell MDM to ensure success via RTInsights: https://hubs.ly/Q02vWRd80

The latest blog in David Corrigan's series on the Current State of MDM is out! In it, he explores the strong relationship between MDM and Data Quality, and how it needs to evolve to stay modern. Good 5 minute read for anyone who struggles with data quality (i.e., everyone!). Enjoy. https://lnkd.in/gnSWeUvP #MDM #MasterDataManagement #MasterData #DataQuality #DataGovernance

My colleagues Jorge Machado, Holger Harreis, Rajat Jain, Aziz Shaikh, Rachit Saxena and I just released a new article based on research this year into MDM (Master Data Management) - how firms are having impact with it, the challenges and modern ways to drive success. The survey shows that nearly 80% of firms in the survey are leveraging MDM as a capability to enable better customer experience and revenue growth. #data #mdm #AI https://lnkd.in/ehdpmx9p