Talend, a global open source software leader, today identified four best practices that can help organizations successfully implement a master data management (MDM) solution that produces quantifiable value from their strategic data assets, in a short timeframe. As a sponsor of the MDM & Data Governance Summit 2013, Talend will be available at the event (Booth #3) to speak about these and other tips for successful enterprise MDM deployments.
MDM has become recognized as a key way for businesses to gain consistent and valuable insight of data, usually distributed across applications and systems. While the anticipated benefits of MDM are usually clear, there are a number of factors that must be considered to implement an effective MDM program, ensuring actual success and return on investment. Here are four key points from the experts at Talend:
- Think big, but start small. Finding just the right starting point for MDM is critical to getting it off the ground. You want to get executive buy-in for your project, and you want to start producing value before that buy-in wears off, or executive sponsors move on. Start by picking a clearly delineated area that is causing a current business pain, and make sure the scope is reasonable and achievable within weeks – months at most. Once the MDM project successfully delivers the anticipated returns, its expansion will become obvious. With this approach, however, you should always keep in mind the "big picture" and ensure that you are not building a disposable project, but a foundational one that will allow you to add to it over time.
- Don't leave data behind. MDM projects also need to account for the wealth of "new data" that is now readily available and has become part of the organization's extended data assets: new types of information that are coming from inside or outside the firewall, from unsuspected data sources or from sources that were simply not accessible before. These new types of information must be full constituents of an MDM infrastructure – either by being managed in the MDM hub itself, or linked from the MDM hub in a federated approach. They typically include social data and public/open data, as well as "dark data": data that is hidden in log files, manufacturing equipment and various systems.
- Incorporate big data into your MDM strategy – and vice versa. Before the end of 2013, big data will be driving an essential part of the requirements for MDM programs as incorporating new types of data becomes a strong requirement. This trend, initially driven by customer-centric organizations or divisions, is already expanding to other domains such as manufacturing or logistics. Big data augments conventional MDM sources to provide a complete view of the required domain. Adding "big" to MDM does not mean that the master data hub will be stored in Hadoop (although some organizations are exploring the use of NoSQL databases), nor does it mean that its size will grow exponentially in a short timeframe. Rather, it means that some of the big data (or new data) will be managed in the MDM hub itself, linked from the MDM hub in a federated approach, or will simply benefit from the consistency, resolution and enrichment services that MDM provides.
- Master data as a service. An MDM project is not simply about building, governing and maintaining the master data hub. An important dimension of MDM is how it participates in the larger application architecture. Rather than letting your MDM become part of the "accidental architecture", design it so that it is a full constituent of IT. In addition, rather than restricting the data flows to direct synchronization with participating applications, incorporate the MDM system into the service-oriented architecture and have it – at the minimum – publish master data to other applications and systems through master data services, and make its functions (such as deduplication or enrichment) available as services to other applications.
"Technology in itself does not provide the silver bullet to MDM success," said Bertrand Diard, co-founder and chief strategy officer, Talend. "An MDM program will be successful only if it receives continued support from the entire organization, and the only way to do this is to deliver new sources of value, early and often. Too many organizations are still embarking on multi-year journeys with no visible milestone, tremendously increasing the risk of failure and at the same time guaranteeing technical obsolescence before project completion. By sharing best practices from successful deployments, we hope to help organizations achieve greater and quicker value from MDM."