Shareconomy and MDM

The Master Data Management (MDM) discipline is something that belongs in the backbone of digitalization and enterprise architecture and therefore new ways of doing things always have a hard time in this realm. Fore sure there have been talk about big data and MDM for years, but actual implementations are few compared to ongoing traditional system of record implementations. The same will be the case with Artificial Intelligence (AI) and MDM. We will still see a lot of clerking around MDM for years.

So, I am stretching it far when working with yet a new must do thing for MDM (besides working with MDM, big data and AI).

But I have no doubt about that shareconomy (or sharing economy) will affect the way we work with MDM in the future. A few others are on the same path as for example the Swiss consultancy CDQ as presented on their page about Shareconomy for Customer and Supplier Data and The Corporate Data League (CDL).

Master Data ShareDoing Master Data Management (MDM) enterprise wide is hard enough. The ability to control master data across your organization is essential to enable digitalization initiatives and ensure the competitiveness of your organization in the future.

But it does not stop there. Increasingly every organization will be an integrated part of a business ecosystem where collaboration with business partners and through market places will be a part of digitalization and thus, we will have a need for working on the same foundation around master data.

This new aspect of MDM is also called multienterprise MDM. It will take years to be widespread. But you better start thinking about how this will be a part of your MDM strategy. Because in the long run you must Share or be left out of business.

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