Master Data Management: Empowering Business Excellence
Master Data Management (MDM) stands as the cornerstone of modern business operations, ensuring the accuracy, consistency, and completeness of critical data domains across organizational business units.
At its core, MDM eradicates data silos from disparate sources, minimizes inconsistencies, establishes data quality and governance protocols, and provides consistent and trusted data for AI algorithms, facilitating improved decision-making.
The necessity to implement modern Master Data Management arises as organizations generate data from customers, suppliers, and products at lightning speed due to the proliferation of applications deployed by various business units.
Modern Master Data Management solutions enable organizations to consolidate these data domains in real-time, create golden copies, establish relationships between customers and products, and enhance the quality of data ingested into AI and ML algorithms to improve operational efficiency, boost revenue growth, and optimize costs.
Master Data Management Use Cases
Personalization
Supplying trusted data from a Modern Master Data Management Solution to AI algorithms fosters a deeper understanding of customer needs and challenges, enabling organizations to hyper-personalize products and services.
Single Version of Truth
Creating a golden copy or Single Version of the truth of customer, product, supplier, or any other critical data domains from disparate sources ensures the availability of uniform data across business units to improve decision-making.
Faster Time to Market
One key use case of Product and Supplier Master Data Management is enhancing business agility by reducing the time it takes to make products available to customers through channels.
Regulatory Compliance
Data Quality, Integrity, and Security are the cornerstones of regulatory compliance. Modern Master Data Management solutions embed Data Quality and Governance features to enhance compliance with regulatory frameworks like HIPPA, GDPR, CCPA, and personal data protection laws of various countries.
Optimize Pricing and Costs
Unifying Master Data Silos into a Master Data Management solution enables organizations to identify and rectify bottlenecks in their supply chain, eventually resulting in pricing optimization and operational cost reduction.
Improve Customer Experience
Personalizing customer outreach programs through unified Master Data Management across business units enables organizations to enhance customer experience by delivering frictionless, seamless omni-channel experiences.
Informatica Master Data Management
Differentiators
Truly Multi-Domain Master Data Management
Consistently leads Analysts Reports
Cloud First and Cloud Native Solution
AI-Powered Match tuning and Rule recommendations
Features
Informatica MDM SaaS empowers businesses with the following:
Data Integration
Data Quality
Matching and Merging
AI-Powered
Low Code/No Code
Luminant MDM Services
Master Data Strategy and Consulting
Luminant’s Master data strategy approach involves collaborating with key business stakeholders to understand their vision for the organization, transforming the vision into a data management roadmap, ascertaining the master data maturity level of the organization, and developing a blueprint for implementing the master data management roadmap.
Staff Augmentation
Luminant’s Master Data Management Center of Excellence offers customers the ability to choose from over 50 resources who have an average experience of 10 years between them. Luminant’s resources have been trained, certified, and have been part of Master Data Management initiatives encompassing both On-Premise and SaaS versions of the Solution.
Solution Implementation
Luminant delivers Master Data Management solutions using a purpose-built project management approach, enabling customers to implement technologies and facilitate the adoption of the solution by business users. Luminant has successfully designed, developed, tested, and deployed data modernization projects, including Master Data Management, Data Integration, Data Governance, and Data Quality Solutions, to over 10 customers across the globe.
Managed Services
Luminant Managed Services offers multi-model (onsite, onshore, and offshore) support for their IDMC implementations. Luminant Managed Services, in pursuance, offers a consumption-based package to customers looking to manage their Data Modernization solutions and expand their current use cases incrementally. Luminant Managed Services team is staffed with resources that have been part of successful deployments of data modernization solutions for customers in Banking, Insurance, Healthcare, and retail.
Case Studies
Healthcare Company in Indonesia
Luminant has assisted in implementing Informatica Multi-Domain Master Data Management Solution for a leading Healthcare company in Indonesia.
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Insurance Company in the Philippines
Luminant has aided a leading Insurance Company in the Philippines to modernize its Master Data Management solution from legacy to SaaS Customer 360.
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Real Estate Company in Indonesia
Luminant has supported a real estate company in Indonesia to implement Informatica SaaS Customer 360 Master Data Management Solution.
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We’re here to help. Let us know what you’re working on, what challenges you’re facing, or how you’d like your data vision to take shape.
Give us a shout: luminance@luminantworks.com