Integrating MDM and BPM - for Increased Business Value
Chuck Ballard 270003BSKY CWBALLAR@US.IBM.COM | | Tags:  mdm master business process integration management bpm data
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Three steps to trusted data and increased business value
Have you ever been in a company meeting where multiple people had their own report on a specific topic that led them each to a completely different decision? I think that has happened, and still happens, a lot. But (there always seems to be one of those) how can that happen when they are all using data from the same company? There are actually many reasons why this can happen, most all of which have led companies on a mission to develop what is called “a single version of the truth” about the data in their company. They must be able to TRUST their data if they are to make truly informed decisions.
Have your eyes already skipped down to FINDING YOUR SOLUTION? OK, you can jump there if you want, but then come on back here and get the rest of the story!
To help them with their mission, along came Master Data Management (MDM) – STEP 1. Well, partially. They quickly found that to maintain their master data they needed a strong program for data governance and stewardship. With that in place, they can take a huge first step towards better informed decisions.
Assume they now have trusted data, so they must have increased business value - correct? Well, it sure helps. But (here it is again) they also really need to focus on those critical business processes that are required for efficiently running and managing the business. And so, enter Business Process Management (BPM) – STEP 2. With these two initiatives, the business will surely run more efficiently. Well, yes!
But (one more time) if those two initiatives are running independently, there is still more efficiency to be had – which can lead to even greater rewards.
So here we are at STEP 3, the place where they tie a bow around what they have done. And that bow is called integration! Hopefully we can all agree that the synergy of the two initiatives working together can bring more value than the sum of the two when working independently. Here that synergy involves such things as policy monitoring, management and enforcement that can take data quality and business process efficiency to the next level – along with bringing many additional benefits.
Want to learn more about how to start getting those benefits and that added value? Here’s how to FIND YOUR SOLUTION.
There is a new IBM Redbooks publication available called "Aligning MDM and BPM for master data governance, stewardship, and enterprise processes" SG24-8059. In this publication we describe an approach to an integrated solution of MDM and BPM - and it can be downloaded for free from the ITSO Redbooks web site. Click on this link and you are on your way.
Would you like to review some comments on that book first? Click on the following link, and read a blog by one of the authors, Dr. Lawrence Dubov.
Good reading and good luck on your way to more trusted data and higher business value.