What are Clients saying about us?
"Project X Ltd worked with us as we took our MDM to the next level to enable our organization for the future."
Canadian Fortune 50 Company
Master Data Management
Master Data Management manages core business data domains (customers, accounts, products) that have a significant impact on the most important business processes and realizes the promise of a centralized transaction data layer through the leverage of Service Oriented Architecture.
Master data management (MDM) is a top priority for organizations as they try to gain control over an often overlooked dispersed corporate asset: their data. Having one version of the truth and a system of record which is the master data—such as customer, supplier, partner, product, materials and employees—is critical for running a business. Often this data is held closely in many core system of record application silos across the enterprise - ERP, Call Centre, Order Management, Billing, and MRP.
The implementation of a proper MDM strategy helps corporations address and solve the root cause of master data complexity—how data is created, accessed, managed and analyzed. MDM centralizes the common data functionality dealing with master data. It allows enterprises to identify common functionality for all systems and applications by supporting the various ways in which those applications use master data. MDM is different than the core concepts of the centralized Enterprise Data Warehouse - it allows users to fully manage data with multiple domains and multiple mediums and centralizes both the master data and the functionality that manages it.
Project X Ltd's experience in Data, Business Intelligence and Enterprise applications has brought us to the idea of Service Oriented Data Architecture (SODA™) which leverages MDM at it's root. This takes the core of the Enterprise Data Warehouse, the evolution of Operational Data on the EDW and the SOA of the Web.
To talk about how your organization can best leverage or extend MDM drop us a line.