Challenges

MDM requires a suite of related technologies, including a hub, data quality, integration technology and business process automation.  Coupled with the different hub architectural styles, service-oriented architecture, Software as a Service, etc., selecting technology for MDM is a challenging process:

• MDM hubs are relatively new to the market and continue to evolve rapidly

• There are several different styles of MDM hub to evaluate

• Comprehensive data quality requirements for MDM

• End-to-end business process automation for repeatability and consistency

• Need to adapt existing technology and processes for MDM solutions

Deliverables

The software evaluation & selection deliverable consists of a detailed report containing business and technical needs, functional requirements, evaluation criteria and a selection matrix.

The extent of the deliverables will depend on the scope of the engagement and can include:

• Needs assessment, including planning and SWOT analysis
• Business, user and technical requirements
• Selection criteria, selection process checklist
• Functional requirements, evaluation checklist and decision matrix
• Creation of a Request for Information (RFI) or Request for Proposal (RFP)
• Gather, review and rate RFI or RFP responses from vendors

Solution

Hub Solution Designs’ proven methodology on software evaluation & selection empowers companies to make the best product choices, balancing business drivers with people, processes and technology.

We enlist stakeholders and users and map the key business needs to functional and technical requirements, which are in turn mapped to evaluation & selection criteria.

Benefits

Choosing the right software products and technologies is a must for success in MDM and has the additional benefits of:

• Maximizing your overall project “wins”
• Positioning you from the beginning to achieve a positive Return on Investment
• Helping you select the right MDM technology foundation, to drive long term, sustainable competitive advantage