Master Data Management to Gain a Consistent View of Critical Business Data – A Healthcare Logistics Case Study by Quantzig

Master Data Management to Gain a Consistent View of Critical Business Data – A Healthcare Logistics Case Study by Quantzig

Master Data Management Trends

Several factors have greatly impacted data management over the past few years. We bring you the top three trends that are shaping the future of master data management:QZ Banner Square

  • Big data: Every data management strategy basically revolves around the concept of big data. This includes the development of a protocol to handle massive volumes of complex data and strategies to connect the raw data to customer profiles.
  • Multiple domains: There is a growing demand for master data management systems that can handle can multiple data domains.
  • Cloud infrastructure: The integration of data management platforms with SaaS applications has increased the development of cloud-based data management systems.

Best Practices for a Master Data Management Strategy

Creating a good master data management strategy and putting it into practice is not an easy task. It requires the incorporation of best practices to achieve the desired data quality. Here are a few best practices that businesses should consider while implementing a master data management strategy:

Think big: When rolling out a new data management strategy, it is important to start by focusing on smaller data sets that may pose serious challenges for enterprises.

Update periodicallyThe master data management strategy should be regularly updated to ensure it has the accurate information.

Track ROI: Players from different sectors possess different end goals, the ROI obtained should be tracked and examine in detailed after each rollout phase.

Pay attention to data misalignment: If data alignment is considered to be a one-time occurrence, it is quite apparent that you will encounter the same data misalignment issue frequently. This makes it essential to ensure your master data management strategy is built on the basis of your business goals and objectives.


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