Is it possible to quantify the business value of MDM?

Organizations have long struggled to identify data as a corporate asset, and like all other corporate assets, it needs to be maintained, serviced and worth the investment.

Nitin Joshi, senior business analyst at Wipro Technologies, suggests that Net present value is one of the better methods to quantify the benefits of master data management, and that it may also justify the choice of a project in the capital budgeting process. 

In your experience, is it possible to quantify the business value of MDM, and if so, how would you recommend IM professionals to approach this task?

Category: Information Development
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