Master Data Management (MDM) has become a well-recognized industry buzzword in the last few years. Most, if not all, CIOs of the large and midsize companies have spent some time and budget to explore a feasibility of the MDM solution for their companies. Yet we do not see too many completed MDM implementations.
MDM products are coming from all major players – Informatica Siperian Hub, IBM InfoSphere MDM Server, Oracle MDM Suite, SAP NetWeaver MDM, open source Talend, etc. Millions of dollars were invested into R&D to define the ultimate and the most flexible product for a fast and easy implementation. Software packages are getting cheaper and affordable for smaller-size firms. MDM product sales are growing.
Is MDM concept just another IT bubble and we can live without it, or the threats addressed by the MDM solution are real and will have a substantial bottom-line impact over the years if left alone?