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Impact of the Financial Crisis on DQ and MDM Initiatives

The Information Difference Company, Jan 2009, Pages: 16


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The recent financial crisis has had widespread impact on both individuals and businesses. It is against this background that a number of comments have appeared in the media urging businesses not to be distracted from their current IT plans but to focus even more on the areas that will bring growth. It seems entirely likely that consulting firms will be faced with delayed or cancelled projects and many software vendors will experience a slowdown in orders. But will most businesses realize that Master Data Management (MDM) and Data Quality (DQ) initiatives hold the key to delivering improved business information and therefore that it makes sense to pursue these initiatives even against the current economic background? In other words, are MDM and DQ immune from the crisis?

Executive Summary

The recent financial crisis has had widespread impact on both individuals and businesses. It is against this background that a number of comments have appeared in the media urging businesses not to be distracted from their current IT plans but to focus even more on the areas that will bring growth. It seems entirely likely that consulting firms will be faced with delayed or cancelled projects and many software vendors will experience a slowdown in orders. But will most businesses realize that Master Data Management (MDM) and Data Quality (DQ) initiatives hold the key to delivering improved business information and therefore that it makes sense to pursue these initiatives even against the current economic background? In other words, are MDM and DQ immune from the crisis?


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