IoT and Business Ecosystem Wide MDM

Two of the disruptive trends in Master Data Management (MDM) are the intersection of Internet of Things (IoT) and MDM and business ecosystem wide MDM (aka multienterprise MDM).

These two trends will go hand in hand.

IoT and Ecosystem Wide MDM

The latest MDM market report from Forrester (the other analyst firm) was mentioned in the post Toward the Third Generation of MDM.

In here Forrester says: “As first-generation MDM technologies become outdated and less effective, improved second generation and third-generation features will dictate which providers lead the pack. Vendors that can provide internet-of-things (IoT) capabilities, ecosystem capabilities, and data context position themselves to successfully deliver added business value to their customers.”

This saying is close to me in my current job as co-founder and CTO at Product Data Lake as told in the post Adding Things to Product Data Lake.

In business ecosystem wide MDM business partners collaborate around master data. This is a prerequisite for handling asset master data involved in IoT as there are many parties involved included manufacturers of smart devices, operators of these devices, maintainers of the devices, owners of the devices and the data subjects these devices gather data about.

In the same way forward looking solution providers involved with MDM must collaborate as pondered in the post Linked Product Data Quality.

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