Master Data in the Cloud fast track your Business Transformation (original) (raw)

We are in the world where every business need transformation in order to continue growth and sustain profitability . Companies across industries are looking to bring this transformation through various ways like :

1. Improving their supply chain process by bringing simplified System of engagements for Design , Configuring, Pricing , Sourcing, Procurement etc .

2. Personalizing their end customer experience by enabling better commerce portals across Sales channels

3. Developing their brand value by integrating with various Social Platform

4. Mining the right analytics to know better about customer demand using various data science mechanism

Companies have started their transformation by picking one or many of these initiatives based on their ROI for their business. One thing which is common across all these initiatives is the need of better quality master data ( product , customer , supplier, etc.) and it’s quick availability. By availability I mean a single place where master data can be quickly obtained to plug in for my transformation project. This way the transformation project need not depend upon the readiness of consolidated master data and do not worry about its quality . It’s proven fact one of the core reason of failure of transformation project is the lack of consistent master data .

Having Master Data Hubs in the Cloud like Oracle Product Hub Cloud and Customer Data Management Cloud solves the most important challenge of high quality availability of master data for any transformation application independent of Technology and Geography. These SaaS based Hubs allows to integrate any application to obtain master data through standard web service mechanism across globe . These Hubs also allow companies to consolidate products , customer , suppliers quickly during Mergers and acquisitions.

If you are looking for any business transformation in your company , ensure you have thought through the master data strategy . For more about this , Attend joint session by me, ThermoFisher and Pella - "Oracle Product Hub Cloud - A True Enterprise Product Mastering Solution" on January 31 at Modern Supply Chain Experience 2018. #OracleMSCE #ProductHubCloud #OracleCloud https://lnkd.in/deQK9Cn