Master Data Management Data and Stats
Gain insight into key MDM trends, data and information.
| Master Data Management: Looking Beyond the Single View to Find the Right View |
| "Incorrect or duplicated customer information costs corporations more than US0 billion annually. For example, in 2007 alone, poor quality data will cost the insurance industry US billion and the banking industry US billion in operating costs." |
| Multiple Sources via IBM |
| MDM Report |
| Several results from Aberdeen's MDM report are shared including, "Among the surveyed companies that Aberdeen considers 'best-in-class' -- those using MDM and focusing on customer data quality -- the results were striking: 94 percent reported improved data integrity, 95 percent reported improved data usability, and 89 percent reduced the time required to make customer data ready for business use." |
| Aberdeen Research |
| Content Data ROI Issues |
| According to a report prepared by industry consultants A.T. Kearney, bad data leads to a host of corporate problems: 1) Companies lose approximately billion, or 3.5% of sales, each year because of supply chain information inefficiencies. 2) Nearly 30% of the item data in catalogs used by retailers and manufacturers is incorrect. Correcting those errors costs between and each. 3) Nearly 60% of all invoices generated have errors; each invoice error costs enterprises from to 0 to reconcile. 4) 43% of all invoices result in some form of deduction. 5) New product rollouts take an average of four weeks-in large part because of inefficient and error-prone approaches for exchanging and updating new item attributes in buyer and seller systems. |
| A.T. Kearney |
