Why learn Informatica Master Data Management (MDM)

Category: Informatica MDM Posted:Feb 02, 2017 By: Robert

Informatica Master Data Management

Master Data Management (MDM) is a technique that recognizes the most essential information within an organization and generates a singular file or point of reference to power various business processes in an organization. MDM includes a number of technology solutions, including data integration, data quality, and Business Process Management (BPM). MDM streamlines data sharing among staffs and departments. In addition to that, MDM can enable computing in multiple platforms, system architectures and applications.

Current Market for Informatica MDM

Businesses have seen the potential for MDM solutions in their organization to increase the bottom line by streamlining data processing on many levels. This has turned MDM into a skill that is highly desired by employers all over the world. Informatica MDM is an extremely versatile data tool and is free from coding and testing hassles, businesses are making a beeline to attract Informatica MDM professionals.

Informatica MDM Market Share

 Source: Informatica Blog, Webinar

Informatica Job Profiles

Fresher’s can expect to get hired as Informatica ETL Developer at entry level. This can be followed by working your way up to become a Senior Developer or Lead developer.

After close to seven to ten years of experience, you can rise up to the position of Informatica Admin or Informatica architect. To gain an edge over competitors in the market one can pick up BI and Data Warehouse skills and aid in becoming an ETL architect or a Data Architect.

Get Trained in Informatica MDM by Experts

According to JobGraphs.com, which provides graphical analytical interpretation of various job trends in IT/Software industry, 37.3% of Informatica jobs consist of Developer positions even though there are equal opportunities for Architects, Analysts, Consultants and more.

The most popular jobs in Informatica MDM in the current market scenario are:

  1. ETL and SQL Developers
  2. Business Intelligence Professionals
  3. Database and Mainframe Professionals
  4. Project Managers

Salary in Informatica MDM

In India an Informatica Developer earns an average salary of Rs 497,275 per annum. For higher pay in this job profile you will need to have skills such as Business Intelligence and Teradata. Professionals with more than ten years of experience in this domain will move on to other jobs. Income in this particular profile is strongly influenced by experience

The average salary of an Informatica professional in Washington D.C (USA) is around $141,000 per annum with job titles ranging from MDM Developer to Enterprise Data Architect.

Average Informatica MDM Salary

Source: Indeed.com

Financial Corporations and institutions along with other global corporations are now investing in Informatica to leverage business relevant data which is more meaningful and contributes to business process streamlining. Corporate giants such as ING, Allianz, Samsung, Western Union, Siemens and more are just some of the companies that have invested in Informatica tools.

Informatica MDM is the best in its category which consists of Data Integration or Data Quality from a long time since. Informatica has pulled away from the competition from others in the industry such as Oracle, Microsoft and IBM. Its growth is assured and the foundation as such is rock solid as it has a piece of Windows/Unix/Linux pie and also that of Cloud and Big Data.

The base salary for Informatica Developers has been steadily growing over the last few months and the upward spike forecasted to progress in the weeks to follow. According to the leading career information portal- ITJobsWatch, Informatica Developer jobs have gained massive ground between November 2015 to February 2016 to go on to be one of the hottest jobs in the Data Warehousing domain.

Informatica Job Trends in The USA

Source: QEdge technologies

Informatica MDM Training and Certification Roadmap

The CEO of Informatica, Anil Chakravarthy said in 2016 that the ETL giant is focusing its resources on six technologies – Data Integration, Big Data, Cloud, Data Quality, Master Data Management and data security. Informatica has figured out how to integrate the cloud with Big Data and is currently hedging its bets on generating actionable insights around Big Data to businesses worldwide. Informatica has announced first in the market 100% go-live rates which is unprecedented in the current market scenario. This has opened up newer career opportunities and has given birth to more jobs around ETL, data processing and warehousing with Informatica. Career progression with Informatica is really good with jobs opening up all the time.

Employer salaries for Informatica Developer

Source: Payscale.com

Why learn Informatica MDM

why learn Informatica MDM

Going by current market trends, Informatica MDM is quickly being recognized as the right investment in terms of technology, time and effort. Here are the top reasons that Informatica MDM is the best Data tool that is available in the market

  1. Easy and quick to learn – When compared to other tools in the market in the same domain, Informatica MDM is relatively easy and quick to learn. All it takes is three months for someone to get proficient in this tool.
  2. Boosts Your CV! – Current surveys and statistics show that Informatica MDM is the current “hot skill” sought out by companies on a global scale. So a certification will add a great amount of weight to your profile and CV.
  3. Numerous Growth options – The leading career networking site LinkedIn has indicated that a large amount of employers are looking for Informatica MDM professionals for long term engagements. This goes to show that Informatica MDM is here to stay and has plenty of growth options.
  4. Higher Compensation – Going by the factors mentioned above it can be logically deduced that MNCs are willing to pay top dollar to find the right candidate and will see to it that salary isn’t an issue for the right Informatica MDM professional.
  5. Abundant Designations – Since companies may require professionals in MDM to a great extent, it means that there will be a wide range of sub-profiles or job designations to choose from such as:
    a. Master Data Management Technical Lead
    b. Informatica MDM Consultant
    c. Informatica MDM Architect
  6. Informatica MDM Developer

Skills for Informatica Developer

Source: Payscale.com


Informatica Features that is different from its Competition

Informatica stands out from the competition by delivering unique and distinct MDM solutions that streamline business processes and boost the bottom line. The given below are the features of Informatica MDM that sets itself apart from the competition.

  1. A singular or consolidated view of data – Creating a single, authoritative view of critical business data from dissimilar, cloned, and contradictory information enabling customers to discern differences in data. For example if an individual has two names MDM will consolidate the data and identify it as a single person.
  2. A 360-degree view of inter-data relationships – Business rules lets consumers identify the inter-data relationships which are complex and highly beneficial once recognized and applied.
  3. A Holistic view of all given interactions – Informatica enables the integration of all transactions and social interactions that have occurred associated with a particular customer, product, channel partner, and other different data elements giving organizations a complete view of that customer.

Aspects of MDM

An organization or a business may run many applications that store data such as customer service systems, marketing systems and financial systems and a whole lot more. Every application would have generated its customized version of data patterns. This is referred to Informatica MDM as data “truth”. An organization will need to know which version of data is the most accurate and relevant in terms of streamlining business processes. Inefficient handling of such business data may even lead to business processes and procedures breaking down.

Informatica MDM Training FAQs

The Distinct Advantages of Informatica MDM

Informatica Master Data Management is the only MDM solution that is both easy to deploy and flexible enough to solve your unique business challenges.

  • Flexibility – MDM can best be defined as a journey. Even though a business may initially purchase a product for a specified type of data integrity, the product should be versatile enough to solve problems beyond the scope of purchase. This means it must perform well when it comes to solving additional problems in business processes.
  • Adaptable to data variability .- An MDM tool should be able to manage and process multiple data types such as customer records along with products, locations, accounts, and all related components.

Informatica MDM Benefits

Source: Slideshare

  • Designed for complexity – A business runs on the foundations of data processing. Informatica MDM solutions are able to understand how the web of interlinking relationships between business data elements works. For example, data such as the customer purchasing one or more products, or if two customers purchasing products are from the same household. Such detailed recognition of data relationships can power marketing campaigns to success.
  • Scalability – Several MDM problems are really complex. This means a business should have the right tool to de-construct data problems into smaller chunks to provide better and faster solutions. Informatica MDM does this very well for businesses with a good capacity for scaling.
  • Configurable – Informatica is an MDM system that doesn’t need coding, and does not come with testing and maintenance issues. This gives businesses a huge edge over the competition by saving on precious maintenance downtime.

Advantages of Informatica MDM

  • Agility – Informatica’s MDM solution can be deployed instantly and with great ease. This means it caters to the full set of data integrity, data quality, and BPM capabilities required to successfully completing any MDM project.
  • Business user-focused – Informatica delivers value directly to business users by instantly enhancing business processes. It does this by helping business users discover relationships between datasets giving powerful insights into the datasets as whole.
  • Focused on customer success – Informatica’s customer success team is a dedicated division within Informatica MDM which has its sole purpose in ensuring customer satisfaction. Informatica’s customer management is so legendary that it has been identified by the independent research firm TNS to be number one in customer loyalty. And this is for nine years in a row!

Conclusion

Informatica MDM being the highly versatile tool that is for data management, the market trends seem to indicate a sharp and sustainable rise in its use and application. Leading the pack in Business Intelligence, Informatica MDM is the next wave in smart and efficient data management, with unique career paths being created with each passing day. Its scalability, agility and laser focus on business users makes it an indispensable tool for today’s global business organizations. If you are a professional looking to stand out from the competition, and gain a strong foothold in today’s business intelligence market, then this is the perfect tool to launch yourself into the market as a coveted business professional.

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