Managed MDM Services are a great way for organizations looking to derive even more value from their MDM platform.
Although tech-focused MDM solutions offer many advantages, your data challenges may still exist because of the presence of legacy data silos, poor data governance, outdated processes, and the lack of the right MDM knowledge. All these issues prevent organizations from deriving maximum value from their MDM investment. Since these challenges can pose a major threat to proper data management and transparency, organizations can benefit greatly by embracing MDM Managed Services provided by an experienced MDM service provider.
A Managed MDM Services provider can integrate disparate, disconnected data sources together as one. By integrating data across domains, MDM Managed Services can make the data visible and available to anyone who needs it – with the required level of trust and governance. This helps business users make timely and correct decisions.
Because Managed MDM Services providers have the experience of dealing with vast volumes of data, they know what it takes to overcome the complexity and challenges associated with data management. With deep industry experience and MDM platform expertise, they can manage product content for companies of any size and type. They can help them unearth value from data across their organization – quickly and efficiently.
Managed MDM Services can help optimize investments
Managed MDM Services can help B2B organizations define, onboard, manage, and measure their MDM efforts and help them get the most from their MDM investment. There are 3 key ways to leverage Managed MDM Services:
- Develop a content-centric implementation plan based on the specific needs of your organization. SinceMDM requirements differ from company to company, an MDM Managed Services provider will be able to design a customized roadmap to accelerate product information processes – while improving customer experience and business performance. By carefully studying your business objectives, processes, content, technology, vendor management, and governance, a provider will set up the right roles, processes, workflows, and governance.
Based on a detailed assessment of your corporate strategy, an MDM Managed Services provider will take into consideration your short, medium and long-term goals, parallel projects as well as your MDM priorities according to strategic relevance, criticality, and framework conditions.
- Achieve successful implementation and configuration of your MDM solution. MDM Managed Services can help to efficiently implement and configure your solution, so you can make personalized product content available to your distributor partners and digital commerce marketplaces. By designing processes based on your specific use case, they can help create a robust implementation blueprint, select the right tools, roll out a strategy and coordinate and support across the implementation lifecycle. They can also help you choose from the best deployment model for your specific organization – either on-premise or in the cloud.
Since an experienced provider can offer support for all master data domains and implementation styles, they can make the best of pre-built models, business rules, and workflows to successfully implement the MDM solution in a hybrid landscape. With MDM Managed Services, you can accelerate and optimize the distribution of product information across your supply chain (or sales channels) and ensure timely and accurate availability of product data – to positively impact your products’ findability and sales.
- Ensure round-the-clock maintenance and optimization of your MDM solution. MDM Managed Services leverage modern automation and analysis models to increase the efficiency of your MDM solution. With capabilities across reporting and analytics, they can help you transparently understand your data across its lifecycle while ensuring it aligns with your business goals all along. By managing multiple data domains using a single integrated solution, they help drive new market insights and business agility.
With MDM Managed Services, you can scale your solution to keep pace with your growing data needs and address any digital, analytical, and operational challenges head-on. These services help simplify enterprise data management, increase data accuracy, and reduce total cost of ownership (TCO) through consolidation and central governance. What’s more, with an optimized MDM solution, you can make data actionable, respond quickly to market trends, and boost collaboration through fast insights.
If you’re looking to provide customers with a centralized, up-to-date version of product data, leverage MDM Managed Services to optimize your MDM investment and stay a step ahead of your customers’ needs.