I have been doing a lot of work on my house recently - it’s a good investment and I enjoy both the process and outcome of home improvement. As a result, I have been thinking a lot about a simple saying I read recently in a business journal: “When someone goes to a store to buy a drill, they are not buying a drill, they are buying holes.” Sometimes simple sayings have the most meaning.
A similar type of axiom can be applied to my work helping companies with their Master Data Management (MDM) initiatives. Companies that invest in MDM systems need high quality, authoritative data on important corporate entities readily available and synchronized with operational systems. Improved Data Quality and effective Data Governance are primary end results and key performance metrics of a successful MDM initiative. When companies invest in MDM, they are buying into the outcome: robust, high-quality master data that is easily managed and leveraged throughout an organization. This is the reason Riversand has built pervasive data quality management capabilities into our MDM solution by integrating with Trillium Software.