Many fully cloud-based MDM solutions may meet the business demands for speed and flexibility, but lack tested, enterprise-class functionality and scale because these solutions are new to the market. This lack of trust can be of concern if you need to comply with regulations that demand robust protections for sensitive data.
According to Gartner, there are several inhibitors. Gartner claimed in its report The impact of cloud-based Master Data Management Solutions that “as a percentage of Gartner’s MDM inquiry calls with clients, interest in cloud-based MDM cluster around a maximum of approximately 6%. As the level of interests varies widely across client interactions, the rate of actual adoption is very likely to be far lower than 6%.”
Every organization needs to pay close attention to this fact as they prepare to embrace a cloud-based master data management solution.