It is safe to assume that Master Data Management (MDM) and Meter Data Management (MDM) where different disciplines and technologies. What they share is a common three letter acronym. Therefore, being a Master Data Management analyst, I could be confident that my audience knew which MDM I was talking about. However, I now realize that the Internet of Things (IoT) is changing this status quo.
Before we go further, lets look at the two definitions of MDM;
Meter data management (MDM) products are IT components of the advanced metering infrastructure (AMI), responsible for cleansing, calculating, providing data persistency and disseminating metered consumption data.
Master data management (MDM) is a technology-enabled business discipline in which business and IT work together to ensure the uniformity, accuracy, stewardship, governance, semantic consistency and accountability of an enterprise’s official shared master data assets. Master data is the consistent and uniform set of identifiers and extended attributes that describe the core entities of the enterprise.
Gartner defines the IoT as “the network of dedicated physical objects (things) that contain embedded technology to sense or interact with their internal state or external environment. The IoT comprises an ecosystem that includes things, communications, applications and data analysis”. Meter data management products fit this definition.
‘Things’ are recognized as a domain within the master data management discipline. Management of IoT master data is the formal definition of these ‘things’ in a semantically consistent manner that is usable across an organization’s business application environment. Multidomain and multivector MDM gives digital business the capability to resolve entities, discover relationships and make connections. For example a digital meter, location of the meter, and the customer.
However, the question remains, who will own the MDM acronym going forwards? Oh, and then there is Mobile Device Management (MDM)!
Read Complimentary Relevant Research
Predicts 2017: Artificial Intelligence
Artificial intelligence is changing the way in which organizations innovate and communicate their processes, products and services. Practical...
View Relevant Webinars
The Mobile Scenario: Taking Mobility to the Next Level
The definition of "mobile" in the post-app era will involve new interactions such as bots and conversations, new devices such as wearables...
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes, with attribution to Gartner. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.