Posts Tagged ‘MDM for customer data’

The “miracle” of customer data integration

Monday, August 24th, 2009

mulitple view

The more a company knows about its customer’s wishes, needs and habits and the more that company is able to tailor its proposition accordingly, the greater the value it will eventually provide for its customers. We all know that there are countless examples where defective, fragmented, or just plain poor customer data cause unnecessary costs, decrease in revenue, employee dissatisfaction or frustation, damage of the corporate image and many other unsdesirable or painful consequences.

Customer data quality and integration problems impact every area of the value chain of organisations. Far too often companies have a multiple view of their customers. Customer Data Integration (or MDM for Customer Data) is the key to providing companies with a single view of their customer. (more…)

How-to create the Golden Record

Friday, August 21st, 2009

puzzle

The term Golden Record is closely related to Customer Data Integration or MDM for Customer data. It refers to the “single truth” which has been created or calculated from all those duplicate customer records from different systems. This post is not about finding or tagging all those duplicate records. There all kinds of ways to find them using advanced statistical methods, fuzzy matching etc.

But what do you once you have found the duplicates. How do you create the best possible customer data out of all gathered elements? (more…)

The view of experts on MDM for 2009

Tuesday, February 3rd, 2009

Jeff Kelly, who is a News Editor at SearchDataManagement.com has asked four industry experts for their views and forecasts for 2009 regarding Master Data Management. He has asked Rob Karel (Forrester) who delivered a key-note on the Data Quality Summit 2008 of Human Inference, Bill Swanton (AMR Research), Aaron Zornes (MDM Institute) and Andrew White (Gartner). The full article can be found here. The four analysts have come up with 17 predictions in total, it is interesting to see how their views differ and some predictions even contradict themselves.

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The added value of an integrated customer view

Monday, December 8th, 2008
MDM Demo

The added value of an integrated customer view depends strongly on the quality of that integrated customer view. Every organization that is seriously planning to create a single customer view should ask itself the following question: “What determines the quality of my customer view and so the accompanying level of added value?”

Prior to answering this question we need to take one step back. Why does not every organization have a single view of the customer? The cause lies in the fact that many organizations have their customer data spread across multiple systems all facilitating separate business processes. Additionally customer data is often highly polluted, fragmented and incomplete.

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Forrester Wave Finds Initiate Systems and Siperian at the Center of Customer Hubs

Friday, October 10th, 2008

In addition to those two vendors, Dun & Bradstreet’s Purisma and Oracle UCM remain near the top of the research firm’s latest report.
By Lauren McKay – Posted Aug 11, 2008

No earth-shattering changes occurred in the latest Forrester Research Wave for Customer Hubs, according to analyst and report author Ray Wang. However, Forrester notes that the market remains in the early-adoption stage for full-blown customer hub solutions. Wang defines the goal of the customer hub segment’s goal in that it “operationalizes the acquisition, distribution, and management of customer information for the use in other systems.” Wang notes that the market is broadening and organizations — especially those with high-volume B2C data — will find that vendors have solutions geared for a company’s every need.
“The good news: Solutions have matured and work well in heterogeneous environments,” Wang writes. “The down side: Enterprises remain challenged with defining data governance and data quality policies while optimizing systems for an information supply chain.” Forrester bases its evaluation upon a product’s current offering, its market presence, and the strategy of the vendor producing it. Additionally, the research firm requires that customer hub vendors provide 20 customer references of live deployments. Wang points out that while some solutions are being implemented, a significant number of customer hub purchases remain on the shelf — either not yet deployed or remaining stagnant as part of a broader product suite.
Wang’s report shows Initiate Systems and Siperian leading the vendor pack. “In a virtual dead heat, both best-of-breed vendors widen the gap among their closest competitors by offering improved data stewardship capabilities, richer hierarchy management, stronger industry support, and greater support for third-party tools,” he writes. Wang refers to Siperian as “the smartest kid on the block,” praising the vendor’s expertise in data acquisition, data cleansing, relationship and hierarchy management, event management, reference data management, data stewardship, and architecture. As for Initiate, Wang says that the vendor has delivered the most significant research-and-development gains in the past 18 months and also has the largest number of productive live customers.
IBM, Dun & Bradstreet’s Purisma, and Oracle Siebel UCM follow close behind in the Leader zone. Wang notes that IBM’s dot on the board has gotten bigger, saying that customer data is a clear strength for the company. Wang also writes that D&B’s recent acquisition of Purisma has helped the organization to bridge gaps in its offerings and go to market with a strong, global B2B solution. Additionally, he points out that Purisma scored in the top rankings for satisfaction in the reference surveys.
Wang says there are a lot of alternatives for companies to sort through in the customer hub market: Just behind the leaders on the Wave report are Sun Microsystems with its open-source master data management options, Oracle CDH, Scotland-based VisionWare, SAS Institute’s DataFlux, and SAP. “Customer hubs make sure CRM is successful and that’s why it is so important to evaluate the [technologies] underlying the CRM processes,” he explains. ” ‘Is the data helping me understand how to cross-sell and upsell? And how do we target our customers?’ ” He goes on to say that CDI vendors seem to have thought through every customer scenario an organization might face. “At this point in the market I think the technology is ahead of the customer,” Wang says.