“Data is a tool for enhancing intuition” — Hilary Mason.
Records show that data-driven enterprises are 23 times more likely to acquire customers. And we know that a lot of data is created every day, about 2.5 quintillions if you’re inquisitive. That number is only going to rise, but can it all be useful?
Is all of this data good?
To quote Dean Abbott, “No data is clean, but most is useful.” Fine, but how do we know which data to inculcate and which to disregard?
This is where Master Data Management (MDM) steps in. MDM is a crucial process that allows organizations to govern, consolidate, shelve, and localize master data within the boundaries of organizational strategies.
Back to our problem—the dilemma of inaccurate data.
As a Master Data Management Platform is put in place, it establishes boundaries to maintain data accuracy and set ground rules. As a result, the data collected are consistent and “within the boundaries” set by the MDM hub, helping you maintain a reliable data archive.
Pivoting to the Boomi Master Data Hub
Boomi is a highly regarded MDM vendor that offers an MDM hub that is flexible, scalable, and easy to implement.
What sets Boomi Master Data Hub apart is that it does not store or manage all the data. The solution only synchronizes the master data from operational systems. As a result, the data never leaves the cloud or on-premise environment, and it always stays within active databases.
The platform allows organizations to manage data assets by enhancing data audit, security, and compliance. The solution also drastically curtails errors posed by inaccurate information.
Boomi’s Advantages
Real-Time Data Synchronization
Boomi integration within the Anypoint platform accommodates a smooth user experience across applications. This means certain aspects of your data will be synchronized with the dynamic changes across different business functions. This will ensure real-time availability of business-critical data and a seamless functioning of the system.
Checking All the Boxes
Boomi is a versatile solution to manage, synchronize, and define your organizational data from different platforms and data sources. It ensures consistency, quality, and accuracy of the data and will in-turn help your business to acquire and retain more customers.
A Friendly Experience
Open source MDM tools are sophisticated, but Boomi’s Master Data Management Platform has made the cloud MDM simple to use and integrate with your existing applications. You also have the autonomy to deploy and manage the software on any cloud or on-premise system.
PreludeSys: Strategizing and Implementing Boomi MDH
The solution more easily manages the quality and ensures data consistency is maintained across all the systems and applications. PreludeSys helps customers align their applications and set up a data quality hub for their range of applications—on-premise or in the cloud.
PreludeSys offers holistic solutions for cloud MDM. Our personalized suite of services helps clientele estimate their requirements and guides them through a smooth integration. our Boomi MDM integration specialists have assisted large and small organizations to overcome pressing Master Data issues, with documented success. Book a strategic consultation or get in touch with our experts to learn more.
