3 Benefits of Cloud MDM
By Kerry Young on Sep 18, 2020
Is your company exploring Master Data Management (MDM) options? If so, you’ve probably wondered if cloud or on-premise is right for you.
Cloud was once considered riskier than on-premise, but that’s no longer the case. Gartner doesn’t even list it as an “emerging technology.” It’s now a trusted, mainstream option. According to the World Economic Forum, 72% of companies across industries will adopt cloud computing by 2022.
For those enterprises still on the fence, we’ve laid out three primary benefits to explore.
#1: Flattened Costs
The capital investment of setting up an MDM platform on your existing infrastructure (internal servers, databases, and OS) can be substantial. Using a cloud-based system helps businesses avoid the large, up-front costs typically associated with an on-premise implementation.
If you’re trying to fit data management into a rigid budget, the cloud option creates an attractive solution. With the subscription model of a cloud MDM platform, organizations can flatten MDM implementation costs over time.
Human capital is also a factor. With on-premise MDM, enterprises must allocate internal IT resources to manage and monitor the infrastructure. Or, pay to outsource. With cloud MDM, these responsibilities shift to the provider.
At a time when companies want to limit substantial investments, the lower costs associated with cloud MDM can mean the difference between implementing now or pushing the initiative to a later date.
#2: No Step Back in Security
Any concerns about cloud security are outdated. When a breach occurs, it’s almost always due to an internal controls issue, not a bug in the software. Gartner says through 2025, 99% of security failures will be the fault of the customer.
Fortunately, data governance is a huge piece of the MDM puzzle, specifically designed to prevent user-related security issues. With a rules-driven workflow and approval process, data stewards are alerted of any suspicious behavior. And audit trails can identify the exact location and time of any suspicious event. With the data governance aspect of MDM, organizations can set up processes to eliminate user errors that would undermine data security.
So, while security should be paramount to data leaders, it doesn’t need to inhibit the use of cloud platforms. In fact, cloud options today are sometimes considered more secure due to their increased reliability.
Jay Heiser, Vice President Analyst at Gartner, says, “CIOs need to ensure that their security teams are not holding back cloud initiatives with unsubstantiated cloud security worries. Exaggerated fears can result in lost opportunity and inappropriate spending.”
#3: Implementation Speed and Scalability
With all the pressures of digital transformation, there’s a real urgency to tackle data management. Cloud MDM can help by providing a faster launch than on-premise.
Forget about server installations and hardware capacity issues. You can take your existing infrastructure and seamlessly integrate a cloud MDM solution.
Using cloud MDM also provides flexibility and scalability as you grow your data program. When you need to scale up your capabilities, you can do so without making infrastructure changes. Additionally, when new software versions and updates arise, you can access the features immediately. In a business climate that is shifting rapidly, the flexibility of cloud MDM allows your enterprise to adapt and grow along with inevitable changes.
Which MDM Implementation Option is Right for You?
Choosing an implementation route depends on many factors. While cloud MDM is the best option for some organizations, others may be better served by going on-premise. Fortunately, EnterWorks from Winshuttle offers both on-premise and cloud MDM solutions.
Forrester describes it best in The Forrester Wave™: Master Data Management report:
“EnterWorks…is a truly multi-domain, cloud, on-premises, and hybrid platform that provides data modeling, mastering, and distribution…[their] support of ecosystems is preparing it for the third generation of MDM…Customer references like the product’s ease of use, fast time-to-value, and flexibility.”
So, no matter your implementation preference, we’ve got you covered.
To learn more, listen to our webinar: MDM Implementation Styles – Learn Which Style Works Best for Your Organization.
About the author
Kerry Young joined EnterWorks in 2006 when Ennovative, Inc., the multi-channel publishing software company he co-founded, was acquired by EnterWorks. He directs EnterWorks’ operations and leads EnterWorks’ professional services and consulting organization, ensuring effective customer implementations and ongoing success. Mr. Young brings more than 25 years of technology and business management experience to EnterWorks, having served as CTO for a subsidiary of the Dow Chemical Company, and earlier as VP, Information Technology for Marshall Industries, a $1.7 billion industrial electronics distributor. He previously managed information systems for a subsidiary of McDonnell Douglas Corporation. Mr. Young holds a B.S. degree in Computer Science from Cal Poly, San Luis Obispo and an M.B.A. from California State University Fullerton.
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