How cloud is changing MDM (Master Data Management) is a subject examined in a very read worthy article by Julie Hunt published recently. The article is called How Does Technology Enable Effective MDM?
In here Julie says: “Adoption of cloud-based MDM or MDM-as-a-Service is on the rise, opening up new dimensions for how organizations take advantage of MDM and data governance.”
Julie’s article is part 3 of a six part series on the “New Age of Master Data Management”, so I may touch on a dimension that is covered in the upcoming articles. This dimension is how business ecosystems must be a part of your organizations MDM roadmap, and that dimension is, according to Gartner, the analyst firm, covering 8 underlying dimensions as told in the post From Business Ecosystem Strategy to PIM Technology.
Working with MDM in a business ecosystem context does require MDM in the cloud of some sort. Inhouse Mater Data Management and Product Information Management (PIM), which may be on premise or in the cloud or perhaps a hybrid, is only the beginning. Collaboration with business partners in a sophisticated environment will be controlled by a cloud solution.
More on this concept is explained in this piece about Master Data Share.