Master Data Management Solutions Reviews and Ratings

Mandatory Features:

• Multiple domain support — This has multiple domain and multidomain MDM technology purposes, built to address the requirements of an MDM program that spans more than one data domain from a master data perspective.

• Data governance (policy setting) support — This provides or supports information governance functions, such as governance policy collaboration and creation, policy change management, and impact analysis, and reacts to changes made in an internal or external information governance layer.

• Augmented MDM — This supports the application of graph, machine learning (ML), GenAI and similar advanced technologies to MDM. Augmented MDM extends traditional MDM capabilities to reduce manual data management and governance tasks. It generates insights on complex relationships within and across both application and master data, allowing for technology to play an active role in enabling more adaptive and context-centric approaches to MDM.

• Data modeling — This effectively and flexibly supports an organization’s master data model requirements. It models complex relationships between application sources inside an organization, and with intermediaries and other parties, and provides business-consumable metadata management capabilities, wherever possible, leveraging approaches such as dynamic data modeling.

• Multiple usage scenario (operational/analytical) support — This supports both operational (how MDM is used to run the business) and analytical (how MDM is used to measure and change the business) MDM requirements, and any required integration between them (i.e., both the operational and analytical usage of the data being mastered within the solution). MDM can drive both prescriptive and predictive analytics.

• Data stewardship (policy enforcement) support — This supports a range of capabilities, from information policy evaluation to day-to-day operation and management of MDM. It should support the role of business-led information steward. It should equip this role with a suitable UI through which services are provided.