Data Sheet: Back to the Basics: What is MDM?

MDM is a crucial concept in today’s data-driven world, ensuring the accuracy, consistency, and completeness of essential business data.

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Master Data Management: Unlock the Secrets to Data-Driven Success

In today’s data-driven world, ensuring the accuracy, consistency, and completeness of essential business data is crucial. This data sheet provides a high-level understanding of master data management (MDM) and its core principles.

Unlock the Power of MDM

Master data management (MDM) is a combination of disciplines, processes, and technologies designed to manage an organization’s critical data. This includes core entities like customers, products, locations, suppliers, and assets. By ensuring this data is consistent and uniform across all departments and systems, MDM helps businesses overcome challenges such as poor decision-making, inefficient operations, and damaged customer relationships.

What you’ll learn:

    • Enhanced Data Quality: MDM ensures consistent and accurate data across the organization.
    • Improved Decision-Making: Reliable data leads to better-informed business decisions.
    • Streamlined Operations: Consistent data reduces inefficiencies and improves workflow.

Key Callouts

Revenue Impact: Businesses lose an average of 12% of their annual revenue due to bad data [Experian].

Decision-Making Efficiency: Data-driven organizations are 23 times more likely to acquire customers, 6 times more likely to retain customers, and 19 times more likely to be profitable than their competitors [McKinsey & Company].

Operational Costs: Companies that implement MDM can achieve a 20% reduction in operational costs [IDC].

Trust Your Data and Your Peers

Gartner

We were recognized for our innovative and dynamic solutions in the Gartner® 2024 Peer Insights™ report, affirming our commitment to high-quality data management. Gartner synthesizes real user reviews into insights. 97% of customers are willing to recommend Semarchy.

Software Reviews

We were recognized as a Champion in Master Data Management by Software Reviews, powered by Info-Tech. Software Reviews evaluates feedback data directly from verified end users about their experience with top software providers. Semarchy outperforms its competitors across all key satisfaction metrics.

We made the Constellation Research Inc. ShortList™ for Master Data Management. Constellation evaluates more than 15 solutions and creates its ShortList™ based on client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research.