Achieve Data Mastery Before Tackling A Digital Transformation

Matt Elenjickal, the Founder and Chief Executive Officer of FourKites FourKites Matt Elenjickal, the Founder and Chief Executive Officer of FourKites, has pointed out that “data is the raw fuel of a digital transformation.” But it must be quality data! “Just as any chef will tell you that anything less than the best quality ingredients can render a dish inedible, so too, bad data can turn any data-driven IT effort sour.” When enterprise implementations take longer than expected, almost all do, the amount of time needed to clean up the data is often the leading factor. When the performance of enterprise systems becomes degraded, it is often because the parameters used in the systems are no longer accurate. This is also a data issue. Master data management (MDM) as a critical performance driver for the enterprise. What is Master Data Management? Master data management is the discipline in ensuring data is accurate, accessible, and up to date. Unfortunately, for many departments, the necessary data to operate effectively comes from across the enterprise, it is not generated inside that department. APQC and the Digital Supply Chain Institute (DSCI) have conducted best practice and benchmarking research on MDM. APQC is a […]

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