Why You Need a Modern MDM Solution Built for the Cloud
Organizations deploy a master data management (MDM) strategy to gain a single, trusted source of reliable information to deliver business value. Until recently, those seeking an MDM solution had to choose between a fullfeatured on-premises master data management platform or a more limited cloud-based solution.
Making this selection entailed significant trade-offs.
On the one hand, mature on-premises solutions provided comprehensive and robust MDM capabilities, including data governance. But they required significant time and effort from IT to get up and running and to manage over time—resources that could potentially be better used driving business value from master data. Moreover, they did not offer modular, agile deployment options for adding new capabilities to support business innovation.
On the other hand, many fully cloud-based solutions met business demands for speed and flexibility, but lacked tested, enterprise-class functionality and scale because these vendors selected technologies that didn’t allow for peak performance and other issues. This was of particular concern if you needed to comply with regulations that demand robust protections for sensitive data.