Master Data Management (MDM): Key to Big Data Success

0
1512

Share on LinkedIn

With the hype surrounding Big Data and current focus on tools and technology such as Hadoop, it is easy to forget that success of any technology project rests more on strategy and less on technology/tools. That’s true even in the case of Big Data solutions.

Architects and managers implementing Big Data solutions would do well to remember that in order to truly leverage and derive insights from Big Data, it is important to have a Master Data Management (MDM) solution in place with a repository of relevant non-transactional data entities (also known as master data).

For example, if an organization wants to leverage social media data for better sales, marketing or customer support, it is important that a master database of all customers and prospects is in place with information on social media profiles/handles for each customer. Master Data Management (MDM) “comprises a set of processes, governance, policies, standards and tools that consistently defines and manages the master data of an organization” (for more, see this).

Trying to implement a Big Data solution without a repository of relevant master data is a recipe for disaster in my opinion. What to you think? Do you agree that MDM is key to Big Data success? Please share your thoughts:

Republished with author's permission from original post.

Harish Kotadia, Ph.D.
Dr. Harish Kotadia has more than twelve years' work experience as a hands-on CRM Program and Project Manager implementing CRM and Analytics solutions for Fortune 500 clients in the US. He also has about five years' work experience as a Research Executive in Marketing Research and Consulting industry working for leading MR organizations. Dr. Harish currently lives in Dallas, Texas, USA and works as a Practice Leader, Data Analytics and Big Data at a US based Global Consulting Company. Views and opinion expressed in this blog are his own.

ADD YOUR COMMENT

Please use comments to add value to the discussion. Maximum one link to an educational blog post or article. We will NOT PUBLISH brief comments like "good post," comments that mainly promote links, or comments with links to companies, products, or services.

Please enter your comment!
Please enter your name here