2023 Trends in Master Data Management

Let’s Talk Data: Business Technology Podcast | SAP

Hear from Andy Hayler, Practice Lead – Data as an Asset at Bloor Research, and Markus Kuppe, VP & Chief Product Owner for SAP Master Data Governance, and Corrie Birkeness, Senior Director Master Data Product & Solution Marketing at SAP, as they discuss various master data management (MDM) market trends. They will discuss what is happening relative to automation, AI as well as approaches to more flexible, modular MDM deployments and a business data fabric. They will discuss what the trends are and why they are important in upping your game in MDM to drive increased business value.

Speakers:

Andy Hayler, Practice Leader - Data as an Asset at Bloor Research
Markus Kuppe, VP & Chief Product Owner for SAP Master Data Governance
Corrie Birkeness, Senior Director Master Data Product & Solution Marketing at SAP

Additional Resources:

Learn more about SAP Master Data Governance and Bloor Research by visiting:
SAP MDG Product Page: https://bit.ly/3E2r8Xb

SAP MDG Community: https://community.sap.com/topics/master-data-governance
Bloor Research: https://bit.ly/3RyhZNP

Bloor InBrief on SAP Master Data Governance: https://bit.ly/3Rx3iun

Bloor Article on SAP Master Data Governance: https://bit.ly/3GS9kAT

Benefits of Federated Master Data Governance (SAP blog):
https://bit.ly/47opgWB

Key Points:

Master Data Management Market Update:

• Bloor Research published an MDM market update, emphasizing the merging of MDM and data management platforms with trends in data governance, quality, and integration.
• The shift from on-premise to cloud or hybrid environments requires MDM platforms to be deployable in the cloud.

Automation and AI in MDM:

• Automation in MDM brings efficiency and quality, leveraging technology and AI.
• SAP MDG applies AI, machine learning, and rules-based approaches to enhance data quality, identify implicit data rules, and automate data population.

Federation of Master Data Governance:

• Federated MDM model allows distributed management of data, aligning with organizational structures, and ensuring local understanding.
• SAP MDG supports federation through multiple instances, enabling both local and global benefits in master data management.

Role of MDM in Data Fabric and Data Mesh:

• MDM plays a crucial role in complementing concepts like data fabric and data mesh.
• Data fabric focuses on connecting enterprise data without physically moving it, with MDM providing a foundation for high-quality trusted master data.
• Data mesh, a domain-specific approach, aligns well with MDM, especially when dealing with key data domains.

Conclusion:

• Intelligence, modularization, modernization, and data fabric are key trends in MDM.
• Encourages listeners to access additional resources and share their insights on MDM trends in their organizations.