The objective of most MDM Hub projects is to establish a trusted source of master data. In addition to the right vendor, appropriate partner, and an efficient implementation plan, it is very important to come up with the right integration strategy. An organization's existing eco-system will typically consist of different source systems and integrating all of them with the new MDM system becomes a huge task in itself. Any small misstep here would lead to delays, cost overruns and substandard or missing data. In turn, sponsors will lose confidence in the MDM hub as a trusted source to be integrated with downstream applications.Net result: the ROI will seem a lot less attractive.
Data Warehousing has been the buzzword for the past two or three decades and big data is the new trend in technology. A question that often arises in our mind is, “Are they similar and will Big Data replace a Data Warehouse”, the reason being, both have similarities like holding data, used for reporting purposes and managed by electronic storage devices. There is an underlying difference between the two, namely; Big Data Solution is a technology whereas Data Warehousing is an architectural concept in data computing.