CMMI Institute Releases Data Management Maturity Model
The model is designed to help organizations across all industries maximize the value of their data assets.
CMMI® Institute has announced that organizations across industries are adopting its Data Management Maturity (DMM)™ model to evaluate and improve their enterprise data management practices. Companies varying from one of the largest software companies in the world to a leader in networking as well as financial firms, large aerospace firms, and government agencies have realized significant business benefits from the use of the DMM model. When DMM-based process improvements are implemented, organizations can realize significant benefits such as controlling costs through the use of reliable and accurate data, mitigating risk, and increasing transparency and data access for more strategic and informed business decisions.
“Businesses must make the best and smartest use of today’s vast amount of data generated to drive strategic insights that lead to competitive advantage,” said Kirk Botula, CEO of CMMI Institute. “To accomplish this, organizations need to apply a collaborative approach to optimizing their data assets. The strength of the DMM model is that it delivers the perfect catalyst for this type of data process improvement across business lines — and this results in executives being able to make better and faster decisions using a strategic view of their data.”
The DMM model, first announced in May 2014, was developed using the principles and structure of CMMI Institute’s Capability Maturity Model Integration (CMMI®) — a proven approach to performance improvement and the gold standard for software and systems development for more than 20 years. The DMM model helps organizations become more proficient in managing critical data assets to improve operations, enable analytics and gain competitive advantage.
A key goal of the DMM model is to represent and support data professionals across all organizations that need to realize high value from their data assets. By working with businesses, government and data management associations, CMMI Institute and DMM sponsors have garnered critical insight and strong support from over 100 data management professionals representing 45 different organizations that contributed to the development of the model.
According to Sue Geuens, president of DAMA International, “The Board of Directors and Advisors of DAMA International believe the DMM model is a big step in the right direction and are gratified that data is truly becoming the corporate asset that we, the Data Management Profession, have known about for so many years.”
This article was originally posted “CMMI Institute Releases Data Management Maturity Model” from Cloud Strategy Magazine.