New Strategies for Managing Master Data
A whitepaper by Ventana Research discusses the need to combine business and technology in a unified approach for MDM implementations in diverse areas

Business executives increasingly are uncertain about the quality of their organization’s data. Indeed, this concern has gained greater urgency of late, in part because of the intensified emphasis on regulatory compliance and growing concerns about the accuracy of data drawn from disparate data sources and individual spreadsheets.

Such errors or inconsistencies can lead to mistakes or lost opportunities – wrong deliveries, invoicing mistakes, problems with global data synchronization – that can cost a single organization millions of dollars. Media sources estimate the cost of errors due to unreliable and incorrect data in retail business alone to be as high as $40 billion annually.