Expectations and predictions for MMXI
Wednesday, January 5, 2011 at 10:02PM It has been a long while since I posted something on my blog, but with the New Year I committed myself to post more often. Consider it as one of my new year's resolutions.
Much respected experts already have posted their predictions. Amongst others Jill Dyche and Jim Harris. Below I have given my expectations and predictions for the upcoming year regarding MDM for customer data. I grouped them to six items. Next year I will see if I have predicted the future correctly. In the meantime feel free to comment.
1. Entry of one or two new players in Gartner MQ and/or Forrester Wave.
After years of consolidation in the market of DQ and MDM vendors opportunities arise for new players. I expect to see Talend make serious steps forward. Just at the end of 2010 they acquired Sopera with which they will be able to extend their capabilities in real-time data integration. I expect them to enter the Gartner MQ for MDM of Customer Data in the niche player quadrant. We will not see any entries in the visionary quadrant. And a further consolidation will take place also. I.e. I really like Siebel/Oracle UCM, but do we need four or five different offerings of Oracle in the MDM arena?
2. More emphasis on MDM in the Cloud
Personally I strongly believe this is the only way to go in the end. I still don't grasp the idea that a company should implement a MDM product themselves. In most cases those companies are much better equipped to provide banking services, selling insurance policies or produce medicines. Why should we want to bother them with managing their master data? You should provide it as a service. More and more vendors are moving towards SaaS offerings, but it will take another two or three years before we are at the level as for instance Salesforce.com.
3. Eye-pleasing user interfaces
I have seen many BI, CRM, MDM and DQ tools by now. For almost all of them you need special training to understand how to configure the tool. But even the applications for the Data Stewards require the end-user to have at least a degree in rocket science. I predict we will see a convergence in user interfaces for handling rejections and dubious duplicates. I won’t rest until I am able to do it on a iPad, without any instruction or manual. By the way I am able to do pretty cool things on a iPad, without ever using the F1 button.
4. Matching of customers using more and more attributes
Identity resolution or matching remains an important functionality within a MDM suite. But the focus will shift from the well known (fuzzy) matching on name, address, phone number, SSN, bank account, email etc. towards new attributes. Why don’t we use Skype, LinkedIn, Facebook, Twitter and Foursquare handles to identify persons. The main reason is that our current CRM applications are struggling to cope with these “social media” instruments. In other words we are not yet able to grasp this information and use it for matching purposes. In 2011 we will see a maximum of three vendors which we be able to incorporate these social media attributes in their data models.
5. Privacy and opt-in registration will take off
More and more we will see that the end-consumer will manage his or her own data profile. In 2010 we have seen that Facebook had some issues with privacy. The same issues we will see in MDM environments. The only way to overcome this is to make sure that the end-consumer can enter his own details. And in the end, he or she is the only one who knows the real truth.
6. Reference data becomes a commodity or even obsolete
Can someone explain me why we still use (expensive) address/postal data if I can use a Google Map API for free with the same results. And why would you pay for algorithms which can check if a Social Security Number or Bank Account Number is valid, if those algorithms are available in the Open Source community. Google, Bing and WolframAlpha are making huge steps in indexing reference data. Crowd sourcing will also become an viable alternative. In the Netherlands we already have a crowd-sourced alternative for address/postal data. It is even more up-to-date than the official sources. Another example is Jigsaw.com, such initiatives will receive more VC funding in 2011.




