Nationwide Insurance implements master data management program

The insurance company first started its MDM initiative to improve the availability and comparability of financial data used for enterprise analysis and reporting. That required dealing with over 300,000 spreadsheets. Now, having found measurable success with MDM in the finance department, the company plans to expand its program to other departments and data domains.

In this 15-minute podcast, appropriate for both business and IT professionals, listeners will:

• Hear why Nationwide pursued master data management and how the team built a business case and successfully secured funding for the project
• Learn more about Nationwide's MDM systems and technical architecture as Dacre walks listeners through a detailed architecture diagram (below)
• Find out about the technical and organizational challenges that the team encountered, and hear how they overcame them to deliver a successful program
• Hear more about how Nationwide measured the success of the MDM program, including the metrics they use to track improvements
• Get firsthand advice, best practices and cautions for successfully implementing an MDM program

About the speaker and company: Lance Dacre, director of data governance, has been with Nationwide Insurance since 2004. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world. The company provides insurance and financial services, including auto, motorcycle, boat, homeowners, life, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services.

Master data management case study: Nationwide Insurance

Download the podcast here: Listen to a master data management (MDM) case study from Nationwide Insurance, hear best practices and get advice.

Images: Master data management at Nationwide:

These images show the MDM architecture discussed in the podcast. Click on images to enlarge.

This is the conceptual view of Nationwide's Finance systems architecture, which Lance Dacre discusses in detail in the podcast. Reference Data exists to support reporting, analysis and control processes. Virtually, all components within the finance environment consume some sort of reference data.

Nationwide has combined a number of tools into the Finance Systems Architecture to address a variety of processing and reporting needs.

This image shows the current flow of reference data through Nationwide's new architecture.

For more about master data management:

Watch a videocast with practical advice for getting started with MDM, from expert Evan Levy

Read Gartner's advice for selling MDM internally to your organization

Find out more about how to build a business case for MDM, in this podcast with Ventana analyst David Stodder

Learn more about evaluating MDM technology from Gartner and Forrester analysts

See our MDM All in One Guide with more podcasts, articles and resources

Check out the most popular SearchDataManagement.com articles about MDM in this Top 5 headlines feature

Digg This!     StumbleUpon     Del.icio.us

RELATED CONTENT Master data management (MDM) Integration competency centers centralize data integration projects Master data management trends, problems revealed at TDWI event Customer data integration tool's fuzzy search helps clear up call center confusion Data management's top 10 stories of 2007 CDI/MDM market trends and expert forecasts for 2008 Master data management deployment experiences inspire MDM user group IBM exec discusses data management trends, products and plans MDM for the Enterprise podcast series Master data management: Practical advice for getting started Master data management: Top five headlines Managing data governance Integration competency centers centralize data integration projects Data governance roundtable: Practitioners give program and best practices advice (podcast) Information assurance: Dependability and security of networked information systems Data governance: Top five headlines Data management's top 10 stories of 2007 Data governance success: No pain, no gain Defining data, information and knowledge Data governance committee project pays off for Blue Cross Data quality and governance management quiz Roles and salaries of data quality and governance analysts Headlines Oracle's plans to buy Hyperion: Business intelligence and corporate performance management software vendors react

RELATED RESOURCES 2020software.com, trial software downloads for accounting software, ERP software, CRM software and business software systems Search Bitpipe.com for the latest white papers and business webcasts Whatis.com, the online computer dictionary