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How To Estimate ROI On Your Master Data Management Initiative
How To Estimate ROI On Your Master Data Management Initiative
3. Risk. MDM helps manage legal, financial and Some of the answers will be data related. Next, involve
reputational risks associated with regulations such as finance to do the math for what it would actually mean if
the new GDPR. these pains were to disappear or reduce. For instance,
what would it financially mean if the time it takes to get
new products on-boarded went from two months to
two weeks?
Fact Sheet | Master Data Management
“
Partnering up
to prove the value
Estimating return on investment on an MDM is not just Leading information-driven organizations
about facts and figures. As this fact sheet illustrates, proactively measure the value of their
the success of any MDM initiative also rests on your
ability to set the scope of your initiative. Once you information assets, as well as the cost
know what you’re aiming for, you can begin digging of poor quality data and the value of good
into the potential returns of each of those aims. quality data. Most importantly, they link
That’s exactly how we work at Stibo Systems. We’re
dedicated to bringing our extensive experience in these directly to key business
implementing successful MDM solutions to good use performance metrics.”
for our customers by putting their business first in
everything we do. Smarter with Gartner, “How to Stop Data Quality Undermining Your Business”,
January 2018
So if you’re not sure how to proceed and want
Mei Yang Selvage, Research Director, Gartner
to learn more about how to demonstrate the value of
an MDM program to your organization, contact us at
info@stibosystems.com or visit stibosystems.com.
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