The year 2014 just ended. 2015 is already looking like another year of data intensive initiatives. Looking at the initiatives and investments happened in 2014, Big Data will continue to be on the top, and so does the cloud.
Enterprise Data investment continues to grow as the laggards in technology are warming up to the Information governance in general. Big Data and cloud brings more compliance and security issues. While the products and offerings evolve, it becomes more important than ever to address the Data Governance.
Some of the biggest trends in information management will be:
- Adaption of MDM to enhance Consumer experience and context
- More of single domain strategy than multi-domain MDM including cloud MDM
- Big Data Governance (security, access and implications) and Master Data for context
Data Quality is the underlying thread in all of the data initiatives if not the prime reason for these initiatives. Approaching information governance like any other project creates silos of information or less trustworthy information. Having the right strategy and approach is the key for a successful implementation and transformation.
Many companies overlook the pockets of investment already made in Information Governance or stuck with limitations of using what they already have even if it is not the right approach. Creating the right vision for future state architecture leveraging the existing investment is possible only if the total cost of ownership is analyzed. If these three trends dominate, we will see more MDM systems deployed in 2015 than ever before.
Happy New Year!