Interenterprise Master Data Management is about how organizations can collaborate by sharing master data with business partners in order to optimize own master data and create new data driven revenue models together with business partners.
It is in my eyes one of the most promising trends in the MDM world. However, it is not going to happen tomorrow. The quest of breaking down internal data and knowledge silos within organizations around is still not completed in most enterprises. Nevertheless, there is a huge business opportunity to pursue for the enterprises who will be in the first wave of interenterprise data sharing through interenterprise MDM.
A poll in the LinkedIn MDM – Master Data Management group revealed that MDM practitioners are aware of that Interenterprise MDM will be hot sooner or later:
For the range of industries that work with tangible products, one of the most obvious places to start with Interenterprise MDM is by excelling – in the meaning of eliminating excel files exchange – in Product Data Syndication (PDS). Learn more in the post The Role of Product Data Syndication in Interenterprise MDM.