7 Predictions On The Future Of Master Data Management
Master Data Management (MDM) has been evolving into a crucial component of business-critical systems. Even as we use the present continuous, MDM is evolving faster than ever before, transcending the role of being only a data quality and data governance solution.
The capabilities of MDM are developing at a rate that promises to propel organizational growth with a direct influence on financial outcomes. As Forrester notes in a 2019 report on Master Data Management, this new generation of MDM solutions need to prioritize speed above compliance and governance.
MDM is a quintessential element for any venture’s Data Fabric Strategy – the idea that data from various sources may be stitched together. As Master Data Management evolves into an interdisciplinary study of data that can make or break the future of an organization, here are some observations we found in our pursuit to understand key futuristic trends in MDM.