5 Lessons from Gartner Peer Insights ‘Lessons Learned’ on MDM Implementation
Organizations relentlessly seek to gain a trusted and holistic view of their master data to drive desired business values. MDM has become a business imperative, and it now acts as a differentiator to beat the competition. But, as data is evolving the future of technology, it is getting more challenging to achieve tangible business benefits while implementing or modernizing their MDM programs. Plus, the forces of shifting business requirements and new technologies are reshaping the MDM paradigm.
Meaningful MDM implementation is a must for both short-term and long-term business goals. And the best part is that a lot can be learned from the implementation experience of others. It provides you with the guiding light and a holistic view of what it takes to succeed. Gartner Peer Insights ‘Lesson Learned’ precisely serves that purpose.
Gartner's report analyzed 311 Peer Insights reviews to identify lessons learned while implementing master data management (MDM) solutions. This report focuses on the responses to the questions: “If you could start over, what would your organization do differently?” and “What one piece of advice would you give other prospective customers?”
In the report, Gartner says, “Lessons Learned summarizes clients’ firsthand experiences with implementing MDM solutions. The peer advice results both from successful implementation projects and learnings based on what went wrong.”
The report incorporates reviewers who submitted their lessons learned to represent a cross-section of small- to midsize and large organizations.
The Peer Perspective
Some key lessons learned and most cited recommendations by Peer Insights reviewers to help you in the implementation process of their MDM solution. Gartner peer insights report provides you understandings on the following five points:
- Assessing business requirements and creating a business plan
- Choosing suitable MDM solutions
- Creating a robust governance framework
- Utilizing the MDM solution
- Building internal resiliency
A peer, Enterprise Architecture and Technology Innovation Professional, Service Sector, articulates in the report, “Ensure to find a reliable system integrator with solid MDM experience to assist you in your MDM implementation. The overall MDM field requires a certain mastery of what should be achieved (the ultimate targets) and your partner should be able to help you to draw the roadmap which goes with it.”
The insight further highlights unequivocal and practical recommendations to avoid the pitfall during MDM implementation. You can use the peer recommendations set forth in the practical scenario to relate the benefits to your specific KPIs and build on MDM success.
When successfully executed— combining peer recommendations, remarks and best practices, and new technologies, you can undoubtedly improve the trustworthiness and scale of your MDM processes.
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