TDWI RESE A RCH TDWI BEST PRACTICES REPORT SECOND QUARTER 2012 NEXT GENERATION MASTER DATA MANAGEMENT By Philip Russom CO-SPONSORED BY tdwi.org SECOND QUARTER 2012 TDWI besT pracTIces reporT NexT GeNeRATION MASTeR DATA MANAGeMeNT By Philip Russom Table of Contents Research Methodology and Demographics 3 Executive Summary 4 Introduction to Next Generation Master Data Management 5 Defining Master Data Management 5 Defining Generations of Master Data Management 7 Why Care about Next Generation Master Data Management Now? 8 The State of Next Generation Master Data Management 8 Status and Scope of MDM Projects 8 Priorities for Next Generation Master Data Management 10 Challenges to Next Generation Master Data Management 11 Best Practices in Next Generation MDM 13 Business entities and Data Domains for MDM 13 Multi-Data-Domain MDM 15 Bidirectional MDM Architecture 17 Users’ MDM Tool Portfolios 19 Replacing MDM Platforms 20 Quantifying MDM Generations 22 Potential Growth versus Commitment for MDM Options 22 Trends for Master Data Management Options 25 Vendors and Products for Master Data Management 28 Top 10 Priorities for Next Generation MDM 30 © 2012 by TDWI (The Data Warehousing InstituteTM), a division of 1105 Media, Inc. All rights reserved. Reproductions in whole or in part are prohibited except by written permission. E-mail requests or feedback to
[email protected]. Product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies. tdwi.org 1 Ne x T GeNeR ATION MASTeR DATA MANAG eMeNT About the Author PHILIP RUSSOM is a well-known figure in data warehousing and business intelligence, having published over 500 research reports, magazine articles, opinion columns, speeches, Webinars, and more.