TGOA develops model of Global Data Movements with BAYARD

The Group of Analysts (TGOA) has selected Cologne-based Bayard Consulting Group as preferred partner for its analysis of global, cross-company master data management. The publishing house The Group of Authors – founded by TGOA specifically for content and thought leadership – has described the Global Data Movement model together with Bayard Consulting. This has been published in a thesis paper now available.

The authors come to the conclusion that the ever faster data movements of increasingly networked companies, products, services, content and people is only acceptable in real time. This requires standardised movement patterns and rules for data exchange. A separate market is emerging, which the analysts call Global Data Movement.

Manufacturers, wholesalers and retailers benefit from participation in the Global Data Movement through increased efficiency and reach, but they have to overcome some hurdles to do so. Often, the corporate-internal information supply chain still preoccupies most organisations enough as they feel the limits of their digital capabilities in implementing their corporate and product strategy on a daily basis. The root of all evil is often that they historically adapt their data model to the existing systems rather than to their own requirements. The result is that they are inevitably limited in their ability to act and will face ever greater limitations in the future.

The Herculean task for companies is to develop an individual data model, create a data management system suitable for it and at the same time participate in the Global Data Movement. Since very few companies have these competences themselves, the Global Data Movement Ally with its broad-based teams of experts should be available for each of these tasks and save companies from expensive wrong decisions that cost not only money but also a lot of time.