To address critical data integration and harmonization needs, MDM initiatives can be highly effective, but first need to overcome perceptions of complexity and hesitation around cost and time-to-value.

As with other technologies that can be challenging to implement, MDM lends itself to a modular approach. Instead of an enterprise-wide, multi-year implementation, organizations can focus on specific business requirements and data sources first, before widening their scope by on-boarding additional source systems later on. Cognizant’s MDM-in-a-Box^TM solution is in response to this need of modular MDM implementation.

All MDM-in-a-Box solutions follow the same concept: rapid deployment. To deliver on this promise, Cognizant has developed modules with pre-built functionalities tailored to the critical data management needs of a specific industry, e.g. pharma, insurance or retail, or a horizontal business function, e.g. marketing or vendor management.

Each MDM-in-a-Box module offers enhanced functionality to the foundation platform from one of the four leading MDM software providers: IBM InfoSphere MDM Server; Siperian MDM Hub; Initiate Systems Master Data Service; or Oracle UCM.

Each module delivers its features in a preconfigured format that typically covers 70% of the organization’s business functionality requirements out of the box. With only 30% customization and configuration required, deployment time is cut to about 4 months against 7-8 months for a typical custom-built MDM implementation.

Cost, complexity and risk are dramatically reduced, promoting faster time to value and minimizing risk. As a result it is easier, more flexible and faster to integrate data from multiple systems.

• Substantially reduces the cost and time to deploy an MDM solution
• Facilitates development of MDM business case and accelerates your ROI
• Strengthens your regulatory compliance
• Delivers a 360° view of your critical corporate data
• Streamlines your processes and offers richer functionality on the base platform
• Delivers IT cost savings due to seamless integration between your enterprise systems
• Makes it easier to handle post-merger data integration

For details on the specific benefits to individual industries, business functions or selected data classes, please see description of business benefits and functionalities for the individual MDM-in-a-Box modules:

Banking: Customer Insight Module

Insurance: Customer Insight Module

Life Sciences: Customer Insight Module

Life Sciences: Product Management Module

Life Sciences: Patient Insight Module

Vendor Spend Analysis Module