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Cost Analysis; Boomi Master Data Hub - Product Brief

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Dell Boomi Master Data Hub Cost-Benefit Analysis: A Practical Approach to Bringing Control to Your Data On-premise master data management (MDM) projects are known for their challenges. A typical MDM implementation cycle spans a year or more. The average MDM price tag often exceeds $1 million — and that's only for a perpetual license. Add to that the costs of hardware or software, as well as associated deployment costs such as testing, support, upgrades or maintenance (usually requiring expensive staff or contractors with specialized technical skills). Finally, add in the opportunity costs of diverting critical IT resources to an exhaustive project. These challenges make MDM prohibitively expensive for many companies and business units. In addition, MDM is often a large capital expense, which can trigger a complicated and lengthy budget approval process. And for companies that try to build their own MDM system, it's likely that a more structured approach will eventually be needed as scale and complexity increases. A New Era for Master Data Management In contrast to traditional approaches to MDM, the cloud is revolutionizing how companies can approach their data management needs. By running MDM on a cloud service such as Dell Boomi Master Data Hub, you can radically reduce the time and costs of consistently managing data across your organization. Boomi Master Data Hub eliminates any costs related to on-premise deployments. No need for hardware. And all software maintenance and updates are guaranteed by Boomi. Simply turn it on and start organizing your data. With Boomi Master Data Hub you can easily scale your processes to accommodate growth in data volume and business applications. With the number of applications in any organization rising rapidly, the number of integration endpoints is growing exponentially. Boomi's hub-based architecture makes it a breeze for you to add any endpoint quickly. By keeping all integrations and endpoints connected, you will be able to easily maintain a single source of truth across your hybrid IT landscape. And Boomi's intuitive, drag-and-drop development environment greatly speeds any MDM project, providing a low-code approach that even non-technical staff can use to build data management functions. Critically, Boomi Master Data Hub is domain agnostic, allowing you to create custom fields for different data domains to support all your applications. Case Study: Next-Generation MDM Cost Savings To better understand how Boomi's low-code, cloud- native Master Data Hub can free organizations from the costs and limitations of legacy MDM technologies, let's look at a real-life deployment with a Boomi customer. This organization is a vendor of customer experience software systems (including contact centers, web, social, mobile and cloud customer services). It wanted to improve its enterprise data quality by synchronizing data silos, cleansing data, and enriching data across domains. With more than 3,000 employees in 80 countries, the company runs a hybrid IT environment — business applications include a mix of on-premise and cloud- based systems. The company has more than 78 applications running within 10 departments, including customer relationship management, finance, business intelligence, research and development, product-lifecycle management, business-to-business (B2B), services, legal and HR. Life Before Boomi Master Data Hub One of the company's chief issues concerned customer data. With a diversity of on-premise and best-of-breed cloud systems, customer data was inconsistently entered by employees within each siloed application. Product Brief Synchronize data across your disparate hybrid IT landscape Cloud MDM system data flow

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