Master Data Management Cuts IT Costs

Employees at organizations without master data management spend five times the amount of time searching for data as those who have MDM. This figure is based on a recent survey by the Aberdeen Group. IT Business Edge reports that organizations with MDM have more complete and on-time deliveries, a more accurate inventory and higher customer satisfaction than those without, and can cut IT costs by reducing money spent on storage and data management.

"Erin Eschen of Perficient quoted a for-purchase Forrester report outlining the key elements of a BI/data management framework, including a ‘solid ROI via a business case that will demonstrate one or more of these: reduce costs, reduce risk, drive efficiency, increase revenue, differentiate the company.’"

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