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Mastering Big Data: The Next Big
Leap for Master Data Management
By leveraging big data, organizations can provide a true
360-degree view of critical master data entities; meanwhile,
master data can help convert information gleaned from big
data sources into actionable insight.
Master data management (MDM) is critical to
the success of many big data analytics projects.
Why? Because it encompasses people, processes
and technologies that ensure the accuracy,
uniformity and uniqueness of data entities shared
by multiple business units within an organiza-
tion. (See our white paper “Innovations in MDM
Implementation: Success via a Boxed Approach”
for additional insights.) Big data, on the other
hand, refers to the large quantities of human-
or machine-generated bits and bytes that are
generated at high speeds from multiple sources,
including not only posts and comments on social
media but also images, videos, PDFs, RFID data,
point of sale data, call center comments, data
generated by enterprise systems and more. A big
data analytics strategy involves collecting this
data in order to create meaningful information.
All this data, in various shapes, sizes and forms,
represents valuable information that needs to
be standardized and stored in a meaningful
way within a central repository accessible by all
business units. MDM provides a trusted, central
point of storage and access to this information.
This whitepaper describes how master data
management and big data analysis need to work
hand-in-hand to provide a 360-degree view of
an organization’s critical data entities. (While
this paper is largely focused on social data and
customer MDM, there are many other applica-
tions of big data not explored here.)
The Relationship Between
Big Data and MDM
MDM provides a meaningful context to big data
and a panoramic view of critical data entities,
such as product, customer, employee, agent,
location, etc. (see Figure 1, next page). With all this
information stored in a central trusted repository,
all business units have access to a single version
of the truth, on demand. In the absence of such a
master data hub, records are typically stored in
silos, such as loyalty systems, CRM systems, POS
systems, Web portals and big data repositories.
Such systems usually have their own version of
the truth, causing headaches that ripple across
the organization, from substandard customer
service and bad business intelligence, through
impaired operational efficiency (see Figure 2,
next page).
While MDM is crucial to the success of many big
data projects, it is important to note that not all
big data initiatives require an MDM solution. MDM
is needed only for big data initiatives that involve
• Cognizant 20-20 Insights
cognizant 20-20 insights | may 2013
2
master data entities, such as customer, employee,
agent, product, location, etc.
The Scope of Big Data and MDM
When data is extracted from most big data
sources, it contains two parts. The first part is
entity attribute-level data, or data that can be
used to identify an entity. The other is transac-
tion-level data that is generated by each entity.
For instance, if the big data source is Facebook,
the two types of data include:
•	Attribute-level data: Facebook ID, phone
number, name, address, etc.
•	Transaction-level data: Conversations,
comments, likes, etc.
The big data extraction layer will pass the attri-
bute-level data to the MDM system and the
transaction-level data to the big data hub, to
be analyzed by a big data analysis tool. After
analysis, the brand advocate score, purchase
intent, etc. will be passed to the MDM system to
create the 360-degree view of the customer.
To help define the scope of big data, consider the
following:
•	MDM will act as a repository of the following
information types obtained from big data
sources:
>> Attribute-level data.
>> Information derived from transaction-level
data.
cognizant 20-20 insights
Figure 1
A 360-Degree View of Jane Doe
Figure 2
With or Without MDM
?
Customer store
purchase information
and the information
entered in loyalty card.
Basic customer information,
campaign information,
targeted mailer, couponing
information.
Social conversations,
whether the customer is
a net promoter, on the
verge of switching,
network reach, etc.
Web purchase history,
information entered
during checkout.
Central reliable
repository
Customer store purchase
information and the
information entered in
loyalty card.
Basic customer
information, campaign
information, targeted
mailer, couponing
information.
Social conversations,
whether the customer is a
net promoter, on the
verge of switching,
network reach, etc.
Web purchase history,
information entered
during checkout.
Call center conversation,
number of problems
resolved, dissatisfied
customers.
No reliable,
360-degree view
CRM System
CRM System
Social Data – Big Data
Social Data – Big Data
Web Portal Web PortalIVR Portal IVR Portal
POS System POS System
Call center conversation,
number of problems
resolved, dissatisfied
customers.
Unstructured Internal Data
Unstructured External Data
Third-partyInformation
NominalInformation
• Call center conversations
• Point of sale data
• Conversations
• Reviews
• Blogs
• Images
• Videos
• Credit score
• Professional affiliations
• Memberships
Name: Jane Doe
Address: 1 Acme Road,
Kiwi NJ 00000
Phone: 555-555-5555
Age: 23
•	MDM will cleanse, standardize and de-duplicate
this entity-level data and maintain audit trails
and hierarchies.
•	MDM will not store entity-level transactional
data, such as conversations, transactions, etc.
•	MDM will not analyze big data.
In the absence of an MDM system, both attribute-
level and transaction-level data can be stored in
big data hubs. But such data stores are meant for
heterogeneous, unstructured or semi-structured
data that is intended for analytics purposes;
hence, they are not optimal for managing shared
enterprise master data entities. Additionally:
•	Data models in big data hubs are optimized
for analytics, while MDM data models are
optimized for entity resolution.
•	A big data hub stores all information gathered
from a big data source; however, these records
are neither unique nor cleansed and rectified.
Hence, finding an authoritative golden copy
can be difficult and time-consuming.
•	The sheer volume of data in the big data hub
will not allow a quick search for entity-level
attributes for customer service or decision-
making purposes.
•	Big data hubs are built for a specific purpose
— big data analysis. Hence, strong entitlement
and hierarchy management are not included.
MDM for Big Data Analytics
To handle the demands of big data, next-genera-
tion MDM systems must successfully handle the
volume, speed and formats across all data types.
Required fundamental changes to MDM include:
•	A data model to store big data-specific
attributes, such as social media IDs, opt-ins,
brand advocate scores, social network hierar-
chies, product preferences, purchase intent,
churn possibility, etc. As previously mentioned,
some of these attributes will be fed into the
MDM system from big data analytics systems;
others will be fed directly from the source.
•	Improved MDM integration architectures to
handle the speed at which this data is both
added and updated.
•	Advanced match and merge processes,
especially for social analytics, which is among
the most widely applied use cases in big data.
The biggest challenge with social analytics is
successfully identifying the social profiles of
an organization’s existing customers. This is
especially true since multiple results can be
returned when searching for common names.
Also, many people use aliases rather than real
names in their social profiles, making it even
more difficult to identify these profiles.
•	Advanced data governance policies involve
rules around not only data usage, ownership,
etc. but also around big data-specific data
governance and data stewardship. MDM
3cognizant 20-20 insights
Figure 3
MDM and Social Architecture
+
Twitter
CRM
Others
Permissions/dataextractionlayer
Social conversations
are passed on to the
analytics tool.
Entity information such as
Facebook IDs, Twitter IDs
and other extractable entity
information is syndicated
to MDM.
Company
Web site
Facebook
Post-analysis
attributes like
net-promoter flag,
at-risk flag, Influencer
flag etc., are passed
on to MDM.
Attensity, Pentaho, Google’s Social
Interaction Analytics, Cognizant
Social Prism and many more.
MDM-on-Cloud
• Data cleansing
• Data standardization
• De-duplication
• Workflows
• Hierarchy, etc.
Social Analytics Tool
• Sentiment analysis
• Lead generation
• Customer acquisition
• Net promoter identification
Analytics
Tools
cognizant 20-20 insights 4
needs to enforce policies and procedures that
ensure:
>> External data does not affect the integrity of
the internal data.
>> Data is relevant for the purpose for which it
is mined.
>> Escalation paths exist for data conflicts.
>> Privacy policies are enforced.
When Big Data and MDM Combine to
Achieve a Business Result
Airlines
With enormous customer acquisition costs,
customer centricity is the key to profitability in
this industry, which makes airline carriers ideal
candidates for big data programs.
•	Problem statement: An airline wants to send
targeted promotions to brand advocates and
influencers to increase coupon redemption and
positive word of mouth.
•	Solution:
>> Route a social media campaign through the
airline’s loyalty portal to capture customers’
social media presence.
>> Analyze big data to identify brand advocates
and influencers among these customers and
tag them appropriately in the MDM hub.
>> A downstream campaign management sys-
tem can readily obtain this data from the
MDM hub to identify brand advocates among
an organization’s customers and — based on
the brand advocates’ preferences, opt-ins,
etc. — send targeted promotions to them.
Multibrand Retailers
Due to cost pressures, severe competition and per-
ishability of certain products, couponing is among
the most commonly used marketing tactics in
retail. Targeted couponing enabled by big data
analytics would help retailers improve coupon
redemption rates and increase profitability.
•	Problem statement: A retailer wants to
identify heavy users of certain products and
send them targeted coupons to enable quick
inventory clearance.
•	Solution:
>> Implement big data analysis software to
analyze point of sale data for loyalty card
holders, and tag frequent purchasers of a
product in the MDM system as heavy users.
>> A downstream couponing system can readily
obtain this data from the MDM hub to identify
heavy users of certain products and — based
on the preferences, opt-ins, etc. of these cus-
tomers — send them targeted coupons.
Fashion Retailers
With rapidly shifting styles, fashion retailers need
to update their product assortment continuous-
ly. Garments that are in vogue one season can
go out of style the next, which means retailers
must clear their racks using discount pricing
strategies. The longer that old merchandise sits
in the warehouse, the more it loses value. So it’s
imperative for retailers to sell their merchandise
as quickly as possible.
•	Problem statement: A retailer wants to
build a complete profile of all customers so it
can recommend ideal products and discount
offers, at the right time and place, to improve
customer service and profitability.
•	Solution:
>> Implement big data analysis software to
analyze point of sale data, purchase history
and data from social media (Polyvore, Pin-
terest, Facebook, etc.) and create a complete
customer profile in the customer hub.
>> Analyze data in the customer hub in real
time to recommend products, coupons, etc.
at the time of checkout or as part of market-
ing campaigns that send targeted coupons
and promotions to these customers.
Satellite TV and Cable Providers
These providers can analyze customer channel-
surfing behavior for many purposes.
•	Problem statement: A satellite TV/cable
provider wants to show targeted ads to
customers to increase advertiser ROI.
•	Solution:
>> Analyze individual customer channel-surf-
ing behavior to understand which customers
are likely to watch which types of ads during
which shows.
>> Enrich customer data in the MDM hub based
on this intelligence.
>> Use downstream ad placement software to
obtain channel-surfing information, along
with viewer household information, opt-ins,
etc. from the MDM hub on-demand, and
based on that insight, target ads to viewers.
cognizant 20-20 insights 5
Multiproduct Manufacturing Companies
Such companies must manage a large number of
suppliers and have a 360-degree view of them
via a central repository. This is important not
only for supplier selection purposes but also for
regulatory compliance.
•	Problem statement: A multiproduct manufac-
turing company seeks a 360-degree view of
its global supplier base for quick and efficient
supplier selection.
•	Solution:
>> Analyze available information about each
supplier via the media, the Web and from
notes transcribed by procurement manag-
ers during transactions.
>> Enrich supplier data based on this analysis
to build a 360-degree view of each supplier,
including violations cited in the news, delay
in past shipments, etc.
Automobile Manufacturers
Car makers tend to spend millions of dollars
each year on market research for product line
extensions or feature enhancements. Big data
can be analyzed to understand what customers,
partners and competitors think about a car
and more.
•	Problem statement: In an attempt to expand
its business, a car manufacturer seeks to
aggregate all feature-related commentary
about its models and use these insights to
shape future vehicles.
•	Solution:
>> Analyze social media commentary, calls to
the call center related to each model and
data from automobile monitoring systems,
if available.
>> Enrich the data about each car in the prod-
uct information management system, in-
cluding features to be added in the next
model, so that all information about the ve-
hicle resides in the same place.
Critical Move-Forward Considerations
While big data is already the next big thing in busi-
ness-technology, and holds the key to achieving
the next level of customer centricity, organiza-
tions that want to make sense of huge, prolifer-
ating pools of structured, unstructured and semi-
structured data need to keep the following in
mind:
•	A big data strategy should be a companywide
initiative, with complete buy-in from senior
leaders.
•	Big data will impact not only MDM but almost
all enterprise systems in any size company (i.e.,
businessintelligencesystems,datawarehouses,
ERP, CRM, campaign management, etc.).
Therefore, a proper IT integration strategy is
crucial.
•	It is important to establish a clear understand-
ing of the expectations from big data analytics.
The social Web holds terabytes of data for most
brands; acquiring, storing and attempting to
mine all of this data is not only impossible but
also unnecessary.
•	Finally, brands need to maintain a balance
between targeted promotions that consumers
find useful vs. targeted promotions that
consumers may find intrusive or an encroach-
ment on their privacy.
Final Thoughts
In this era of customer centricity, superior
customer service and operational efficiency are
two major differentiators that can set a company
apart from its competitors. Big data analytics can
help improve customer service, develop operation-
al efficiencies and increase profitability. However,
big data analytics cannot provide actionable
insights unless the data and related information
derived from big data sources can be traced back
to the appropriate entity. Therefore, to get the full
value from big data initiatives, MDM is not just an
option but a critical necessity.
About the Author
Reshmi Nath is a Business Consultant within Cognizant’s Customer Solutions Practice, focused on
master data management. She has seven-plus years of experience in the technology and consulting
industries in the U.S. and India. Reshmi earned her M.B.A. in marketing and finance at Michigan State
University and a bachelor’s degree in computer science at Bemidji State University. She can be reached
at Reshmi.Nath@cognizant.com.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out-
sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry
and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50
delivery centers worldwide and approximately 162,700 employees as of March 31, 2013, Cognizant is a member of the
NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing
and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
World Headquarters
500 Frank W. Burr Blvd.
Teaneck, NJ 07666 USA
Phone: +1 201 801 0233
Fax: +1 201 801 0243
Toll Free: +1 888 937 3277
Email: inquiry@cognizant.com
European Headquarters
1 Kingdom Street
Paddington Central
London W2 6BD
Phone: +44 (0) 20 7297 7600
Fax: +44 (0) 20 7121 0102
Email: infouk@cognizant.com
India Operations Headquarters
#5/535, Old Mahabalipuram Road
Okkiyam Pettai, Thoraipakkam
Chennai, 600 096 India
Phone: +91 (0) 44 4209 6000
Fax: +91 (0) 44 4209 6060
Email: inquiryindia@cognizant.com
­­© Copyright 2013, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any
means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is
subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.

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Mastering Big Data: The Next Big Leap for Master Data Management

  • 1. Mastering Big Data: The Next Big Leap for Master Data Management By leveraging big data, organizations can provide a true 360-degree view of critical master data entities; meanwhile, master data can help convert information gleaned from big data sources into actionable insight. Master data management (MDM) is critical to the success of many big data analytics projects. Why? Because it encompasses people, processes and technologies that ensure the accuracy, uniformity and uniqueness of data entities shared by multiple business units within an organiza- tion. (See our white paper “Innovations in MDM Implementation: Success via a Boxed Approach” for additional insights.) Big data, on the other hand, refers to the large quantities of human- or machine-generated bits and bytes that are generated at high speeds from multiple sources, including not only posts and comments on social media but also images, videos, PDFs, RFID data, point of sale data, call center comments, data generated by enterprise systems and more. A big data analytics strategy involves collecting this data in order to create meaningful information. All this data, in various shapes, sizes and forms, represents valuable information that needs to be standardized and stored in a meaningful way within a central repository accessible by all business units. MDM provides a trusted, central point of storage and access to this information. This whitepaper describes how master data management and big data analysis need to work hand-in-hand to provide a 360-degree view of an organization’s critical data entities. (While this paper is largely focused on social data and customer MDM, there are many other applica- tions of big data not explored here.) The Relationship Between Big Data and MDM MDM provides a meaningful context to big data and a panoramic view of critical data entities, such as product, customer, employee, agent, location, etc. (see Figure 1, next page). With all this information stored in a central trusted repository, all business units have access to a single version of the truth, on demand. In the absence of such a master data hub, records are typically stored in silos, such as loyalty systems, CRM systems, POS systems, Web portals and big data repositories. Such systems usually have their own version of the truth, causing headaches that ripple across the organization, from substandard customer service and bad business intelligence, through impaired operational efficiency (see Figure 2, next page). While MDM is crucial to the success of many big data projects, it is important to note that not all big data initiatives require an MDM solution. MDM is needed only for big data initiatives that involve • Cognizant 20-20 Insights cognizant 20-20 insights | may 2013
  • 2. 2 master data entities, such as customer, employee, agent, product, location, etc. The Scope of Big Data and MDM When data is extracted from most big data sources, it contains two parts. The first part is entity attribute-level data, or data that can be used to identify an entity. The other is transac- tion-level data that is generated by each entity. For instance, if the big data source is Facebook, the two types of data include: • Attribute-level data: Facebook ID, phone number, name, address, etc. • Transaction-level data: Conversations, comments, likes, etc. The big data extraction layer will pass the attri- bute-level data to the MDM system and the transaction-level data to the big data hub, to be analyzed by a big data analysis tool. After analysis, the brand advocate score, purchase intent, etc. will be passed to the MDM system to create the 360-degree view of the customer. To help define the scope of big data, consider the following: • MDM will act as a repository of the following information types obtained from big data sources: >> Attribute-level data. >> Information derived from transaction-level data. cognizant 20-20 insights Figure 1 A 360-Degree View of Jane Doe Figure 2 With or Without MDM ? Customer store purchase information and the information entered in loyalty card. Basic customer information, campaign information, targeted mailer, couponing information. Social conversations, whether the customer is a net promoter, on the verge of switching, network reach, etc. Web purchase history, information entered during checkout. Central reliable repository Customer store purchase information and the information entered in loyalty card. Basic customer information, campaign information, targeted mailer, couponing information. Social conversations, whether the customer is a net promoter, on the verge of switching, network reach, etc. Web purchase history, information entered during checkout. Call center conversation, number of problems resolved, dissatisfied customers. No reliable, 360-degree view CRM System CRM System Social Data – Big Data Social Data – Big Data Web Portal Web PortalIVR Portal IVR Portal POS System POS System Call center conversation, number of problems resolved, dissatisfied customers. Unstructured Internal Data Unstructured External Data Third-partyInformation NominalInformation • Call center conversations • Point of sale data • Conversations • Reviews • Blogs • Images • Videos • Credit score • Professional affiliations • Memberships Name: Jane Doe Address: 1 Acme Road, Kiwi NJ 00000 Phone: 555-555-5555 Age: 23
  • 3. • MDM will cleanse, standardize and de-duplicate this entity-level data and maintain audit trails and hierarchies. • MDM will not store entity-level transactional data, such as conversations, transactions, etc. • MDM will not analyze big data. In the absence of an MDM system, both attribute- level and transaction-level data can be stored in big data hubs. But such data stores are meant for heterogeneous, unstructured or semi-structured data that is intended for analytics purposes; hence, they are not optimal for managing shared enterprise master data entities. Additionally: • Data models in big data hubs are optimized for analytics, while MDM data models are optimized for entity resolution. • A big data hub stores all information gathered from a big data source; however, these records are neither unique nor cleansed and rectified. Hence, finding an authoritative golden copy can be difficult and time-consuming. • The sheer volume of data in the big data hub will not allow a quick search for entity-level attributes for customer service or decision- making purposes. • Big data hubs are built for a specific purpose — big data analysis. Hence, strong entitlement and hierarchy management are not included. MDM for Big Data Analytics To handle the demands of big data, next-genera- tion MDM systems must successfully handle the volume, speed and formats across all data types. Required fundamental changes to MDM include: • A data model to store big data-specific attributes, such as social media IDs, opt-ins, brand advocate scores, social network hierar- chies, product preferences, purchase intent, churn possibility, etc. As previously mentioned, some of these attributes will be fed into the MDM system from big data analytics systems; others will be fed directly from the source. • Improved MDM integration architectures to handle the speed at which this data is both added and updated. • Advanced match and merge processes, especially for social analytics, which is among the most widely applied use cases in big data. The biggest challenge with social analytics is successfully identifying the social profiles of an organization’s existing customers. This is especially true since multiple results can be returned when searching for common names. Also, many people use aliases rather than real names in their social profiles, making it even more difficult to identify these profiles. • Advanced data governance policies involve rules around not only data usage, ownership, etc. but also around big data-specific data governance and data stewardship. MDM 3cognizant 20-20 insights Figure 3 MDM and Social Architecture + Twitter CRM Others Permissions/dataextractionlayer Social conversations are passed on to the analytics tool. Entity information such as Facebook IDs, Twitter IDs and other extractable entity information is syndicated to MDM. Company Web site Facebook Post-analysis attributes like net-promoter flag, at-risk flag, Influencer flag etc., are passed on to MDM. Attensity, Pentaho, Google’s Social Interaction Analytics, Cognizant Social Prism and many more. MDM-on-Cloud • Data cleansing • Data standardization • De-duplication • Workflows • Hierarchy, etc. Social Analytics Tool • Sentiment analysis • Lead generation • Customer acquisition • Net promoter identification Analytics Tools
  • 4. cognizant 20-20 insights 4 needs to enforce policies and procedures that ensure: >> External data does not affect the integrity of the internal data. >> Data is relevant for the purpose for which it is mined. >> Escalation paths exist for data conflicts. >> Privacy policies are enforced. When Big Data and MDM Combine to Achieve a Business Result Airlines With enormous customer acquisition costs, customer centricity is the key to profitability in this industry, which makes airline carriers ideal candidates for big data programs. • Problem statement: An airline wants to send targeted promotions to brand advocates and influencers to increase coupon redemption and positive word of mouth. • Solution: >> Route a social media campaign through the airline’s loyalty portal to capture customers’ social media presence. >> Analyze big data to identify brand advocates and influencers among these customers and tag them appropriately in the MDM hub. >> A downstream campaign management sys- tem can readily obtain this data from the MDM hub to identify brand advocates among an organization’s customers and — based on the brand advocates’ preferences, opt-ins, etc. — send targeted promotions to them. Multibrand Retailers Due to cost pressures, severe competition and per- ishability of certain products, couponing is among the most commonly used marketing tactics in retail. Targeted couponing enabled by big data analytics would help retailers improve coupon redemption rates and increase profitability. • Problem statement: A retailer wants to identify heavy users of certain products and send them targeted coupons to enable quick inventory clearance. • Solution: >> Implement big data analysis software to analyze point of sale data for loyalty card holders, and tag frequent purchasers of a product in the MDM system as heavy users. >> A downstream couponing system can readily obtain this data from the MDM hub to identify heavy users of certain products and — based on the preferences, opt-ins, etc. of these cus- tomers — send them targeted coupons. Fashion Retailers With rapidly shifting styles, fashion retailers need to update their product assortment continuous- ly. Garments that are in vogue one season can go out of style the next, which means retailers must clear their racks using discount pricing strategies. The longer that old merchandise sits in the warehouse, the more it loses value. So it’s imperative for retailers to sell their merchandise as quickly as possible. • Problem statement: A retailer wants to build a complete profile of all customers so it can recommend ideal products and discount offers, at the right time and place, to improve customer service and profitability. • Solution: >> Implement big data analysis software to analyze point of sale data, purchase history and data from social media (Polyvore, Pin- terest, Facebook, etc.) and create a complete customer profile in the customer hub. >> Analyze data in the customer hub in real time to recommend products, coupons, etc. at the time of checkout or as part of market- ing campaigns that send targeted coupons and promotions to these customers. Satellite TV and Cable Providers These providers can analyze customer channel- surfing behavior for many purposes. • Problem statement: A satellite TV/cable provider wants to show targeted ads to customers to increase advertiser ROI. • Solution: >> Analyze individual customer channel-surf- ing behavior to understand which customers are likely to watch which types of ads during which shows. >> Enrich customer data in the MDM hub based on this intelligence. >> Use downstream ad placement software to obtain channel-surfing information, along with viewer household information, opt-ins, etc. from the MDM hub on-demand, and based on that insight, target ads to viewers.
  • 5. cognizant 20-20 insights 5 Multiproduct Manufacturing Companies Such companies must manage a large number of suppliers and have a 360-degree view of them via a central repository. This is important not only for supplier selection purposes but also for regulatory compliance. • Problem statement: A multiproduct manufac- turing company seeks a 360-degree view of its global supplier base for quick and efficient supplier selection. • Solution: >> Analyze available information about each supplier via the media, the Web and from notes transcribed by procurement manag- ers during transactions. >> Enrich supplier data based on this analysis to build a 360-degree view of each supplier, including violations cited in the news, delay in past shipments, etc. Automobile Manufacturers Car makers tend to spend millions of dollars each year on market research for product line extensions or feature enhancements. Big data can be analyzed to understand what customers, partners and competitors think about a car and more. • Problem statement: In an attempt to expand its business, a car manufacturer seeks to aggregate all feature-related commentary about its models and use these insights to shape future vehicles. • Solution: >> Analyze social media commentary, calls to the call center related to each model and data from automobile monitoring systems, if available. >> Enrich the data about each car in the prod- uct information management system, in- cluding features to be added in the next model, so that all information about the ve- hicle resides in the same place. Critical Move-Forward Considerations While big data is already the next big thing in busi- ness-technology, and holds the key to achieving the next level of customer centricity, organiza- tions that want to make sense of huge, prolifer- ating pools of structured, unstructured and semi- structured data need to keep the following in mind: • A big data strategy should be a companywide initiative, with complete buy-in from senior leaders. • Big data will impact not only MDM but almost all enterprise systems in any size company (i.e., businessintelligencesystems,datawarehouses, ERP, CRM, campaign management, etc.). Therefore, a proper IT integration strategy is crucial. • It is important to establish a clear understand- ing of the expectations from big data analytics. The social Web holds terabytes of data for most brands; acquiring, storing and attempting to mine all of this data is not only impossible but also unnecessary. • Finally, brands need to maintain a balance between targeted promotions that consumers find useful vs. targeted promotions that consumers may find intrusive or an encroach- ment on their privacy. Final Thoughts In this era of customer centricity, superior customer service and operational efficiency are two major differentiators that can set a company apart from its competitors. Big data analytics can help improve customer service, develop operation- al efficiencies and increase profitability. However, big data analytics cannot provide actionable insights unless the data and related information derived from big data sources can be traced back to the appropriate entity. Therefore, to get the full value from big data initiatives, MDM is not just an option but a critical necessity. About the Author Reshmi Nath is a Business Consultant within Cognizant’s Customer Solutions Practice, focused on master data management. She has seven-plus years of experience in the technology and consulting industries in the U.S. and India. Reshmi earned her M.B.A. in marketing and finance at Michigan State University and a bachelor’s degree in computer science at Bemidji State University. She can be reached at Reshmi.Nath@cognizant.com.
  • 6. About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out- sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 162,700 employees as of March 31, 2013, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant. World Headquarters 500 Frank W. Burr Blvd. Teaneck, NJ 07666 USA Phone: +1 201 801 0233 Fax: +1 201 801 0243 Toll Free: +1 888 937 3277 Email: inquiry@cognizant.com European Headquarters 1 Kingdom Street Paddington Central London W2 6BD Phone: +44 (0) 20 7297 7600 Fax: +44 (0) 20 7121 0102 Email: infouk@cognizant.com India Operations Headquarters #5/535, Old Mahabalipuram Road Okkiyam Pettai, Thoraipakkam Chennai, 600 096 India Phone: +91 (0) 44 4209 6000 Fax: +91 (0) 44 4209 6060 Email: inquiryindia@cognizant.com ­­© Copyright 2013, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.