KEY TOOLS FOR IMPLEMENTING MDM IN YOUR BUSINESS
As it is easy to understand, a complex and articulated strategy like the one that revolves around Master Data Management necessarily requires a global review of business environments and computer programs. However, do not think that it is realistic to just install an enterprise resource planning (ERP) software and delegate the infrastructure upgrade to external specialists. The ERP, even if of last generation, could in fact be already present and operating in your company: this does not mean that it is also functional and reliable as forecast. To get the most out of ERP and any other interoperability solution between resources, it is essential to adopt specific tools that can work upstream of the operations to be performed. Why is that? Because if the data taken by the ERP or, better, the MDM central hub, are polluted, redundant, obsolete or incomplete, the entire scaffold will suffer, with the risk of making macroscopic errors at the expense of the quality sought.
The addresses and contact details of people, companies and businesses that revolve around the company constitute a valuable wealth of information, which ends up in the most diverse channels and applications. Being sure that these addresses and addresses are correct, up to date, complete and consistent with each other is therefore the first step to ensure that any MDM hub performs in a profitable way the tasks for which it was created or purchased. Thanks to address validation your corresponding Master Data will not only be reliable, but will be reconfigured, translated and formatted according to the settings and the target country, with huge savings and a sharp increase in the agility of business processes. In particular, address validation allows you to:
1) To retrieve the data (postal addresses) through a procedure of control and revision of the information entered.The upload of information can be done both address by address and batch (massive validation for files containing up to hundreds of thousands of addresses).
2) Deduplicate multiple equal addresses, eliminating duplicates within the same database or multiple databases related to each other. Any discrepancies that cannot be resolved by merging the data will be reported in the output file.
3) Format the data according to the reference country standard and therefore the postal system in force in that country. What changes in this case is the layout of the information, which are moved and reordered according to the destination address format.
4) Transliterate the data, or convert it to the desired alphabet. Possibilities include the native alphabet (the same as the input format), the Latin alphabet or Cyrillic.
All these operations can take place in sequence, returning a result with different revision levels (with or without formatting, with or without transliteration, etc.).
EMAIL & PHONE ADDRESS VALIDATION
FROM PRODUCT INFORMATION MANAGEMENT (PIM) TO CUSTOMER DATA MANAGEMENT (CDM)
In these years of strong technological and digital development the concept of Master Data Mangement has taken on various facets, depending on the area of reference on which we want to focus attention. If we talk about products and articles, for example, we can use the expression Product Information Management to indicate the management of product information. If we are talking about customer data, then the correct term is customer data management (CDM). People, technologies and processes are in fact consubstantial to the data master management itself, recalling also rather distant spheres (web data integration, business semantics management, reference data, enterprise information integration and so on).
It is clear that in all these areas the raw material is always the data (type “master” in the case of master data management). It is also clear, therefore, that the quality of data available is an essential requirement. They must at all times be updated, remediated, corrected, then made ready and usable for analysis, storage or proactive monitoring. New artificial intelligence systems are emerging and evolving at extraordinary speeds, contributing significantly to the improvement of data processing methodologies. A business that, according to Globenewswire magazine, could be worth by 2027 the astronomical figure of 34.5 billion dollars. Companies and multinationals must decide whether or not to embrace this market with enormous potential, preparing their infrastructure for data management that meets the future expectations and dynamics of the global market.
THE ADDRESS4 SUITE FOR MASTER DATA MANAGEMENT
Moving from a low rate of automation and knowledge of data to a modern scenario of Master Data Management involves significant investments, in any case destined to pay off in the long term. Both in terms of the specialists involved, and in terms of the resources created or purchased, it is clear that the amount of work to be budgeted can be very large. For this reason it is advisable to proceed in steps, planning tasks according to a short and medium-term priority schedule. Starting with the reclamation and arrangement of the data in possession could prove to be the smartest choice not to postpone the problem indefinitely, taking the first, inevitable steps in the direction of Master Data Management.
Address4 offers a suite of state-of-the-art MDM tools that are dedicated to companies and companies in the most diverse sectors. With data coverage spanning more than 200 countries around the world, Address4 remains the right answer for business objectives across a wide range of industries. It goes without saying that the infrastructures to manage MDM software and applications are multiple. The question then arises: with which of these infrastructures can dialogue a data validation program like ours? Answer is neither obvious nor immediate: the solutions on the market are in fact numerous and constantly updated, we can however identify some of the most famous and renowned names and confirm that for all the big in the industry compatibility is guaranteed. Let us look more closely at national and international reference infrastructures and how integration can take place.
IBM, SAP, ORACLE: INTEGRATION IN DMM SYSTEMS
TRIAL VERSION OF ADDRESS4 SOFTWARE IN FREE TRIAL
Thanks to the trial version of the software, you can get a first taste of the potential of our data quality tools. No installation required: just fill in the form to create your free profile without any commitment. Once your account is activated, you can enjoy 100 free credits to use in batches and online (just tick in the form). You can normalize addresses, geocode them, use the autocomplete feature, and access advanced features. In addition, we offer you the complimentary ebook on Data Quality, with lots of valuable information to enter the world of data validation and take advantage of the huge potential it holds. Just download the ebook and read it whenever you want to get a complete and updated overview of data quality.
As for the registered profile, every time you carry out a data validation with your online account you will see a certain number of credits. When you want, you can buy new ones, continuing with your data validation and other advanced remediation features. Depending on your needs then you will always have full control of the account and you can decide if and how much to invest in each project and activity of master data mangement. All without needing a subscription plan with automatic renewal, as is the case for other online tools. A unique opportunity to implement your master data management strategy even remotely, in any country of the world with access to the Internet, without errors, without compromises and with extreme speed.
Create your free account and discover the potential of Address4 for MDM!