In today’s competitive world, data-driven decisions are not a luxury; they are a necessity. Data is your enterprise’s critical business asset. Managing it effectively is, therefore, essential.
A clear & documented process for resolving disputes.
Documented business processes.
Performing regular data quality audits.
Data models for key business data domains.
From reducing data duplication across the enterprise to ensuring compliance, MDM makes it easier for businesses to manage information, which can translate into significant cost savings – both in money and time.
Your enterprise stands to benefit immensely by having a Master Data Management (MDM) service that has a clear business-driven goal. Also, it has a well-established data governance program within which it operates—Master Data Management Solution: a strategic, transformative approach to your business information.
Without comprehensive profiles of prospective customers, sales opportunities are overlooked.
Marketing campaigns will likely fail, as they may not be targeting the right audience.
Customer service will be a pain, if complete customer history & product information is not in one place.
With audit trails being insufficient, this may lead to compliance risks.