In this episode of the SAP Let's Talk Data podcast, we explore how Master Data Management (MDM) is essential for leveraging modern technologies like Data Fabric and Artificial Intelligence (AI). While Data Fabric connects data across systems for real-time access, and AI offers powerful insights, their success depends on a solid MDM foundation. Hosted by Corrie Birkeness, this episode is uniquely AI-generated and provides an in-depth look at why foundational data practices are more important than ever in today’s data-driven business environment.

Key Topics of Discussion:

• The Critical Role of Master Data Management (MDM): MDM serves as the foundation for ensuring clean, consistent, and reliable data, which is crucial for effective decision-making across organizations.

• Introduction to Data Fabric: Data Fabric is explained as a modern approach to connecting data across multiple systems, providing real-time access without centralizing it, and enabling a seamless flow of information.

• The Dependency of AI on Data Quality: The episode highlights how AI models, like ChatGPT and DALL·E, are only as good as the data they are trained on. Poor data quality can lead to inaccurate outputs, known as AI "hallucinations."

• The Financial Impact of Poor Data Management: Incorrect data can result in significant revenue losses, with businesses potentially losing up to 15% due to poor data decisions, underlining the importance of robust MDM practices.

• Real-World Case Study on MDM Success: A retail company increased online sales by 20% after improving its MDM strategy, showcasing the tangible benefits of investing in clean, well-managed data for personalized customer engagement and revenue growth.

Subscribe to The Let’s Talk Data Podcast

Apple Podcasts

Spotify

YouTube

Additional Resources:

SAP Master Data Governance Product Page

Modern MDM and its role in data fabric and AI:

What is a business data fabric?

In this podcast episode, Terry Penner and Jürgen Butsmann discuss the latest developments in SAP Business AI for SAP S/4HANA, and SAP BTP. The conversation focuses on how Artificial Intelligence is evolving at SAP, with particular attention to large language models (LLMs) and their growing application in SAP cloud ERP and SAP BTP solutions.

Speakers:

Jürgen Butsmann is part of the SAP S/4HANA Cloud Product Marketing team responsible for AI in the context of SAP S/4HANA, finance and digital supply chain. Jürgen has been with SAP for more than 26 years. He is a recognized expert for SAP S/4HANA and SAP BTP.

Terry Penner is part of the SAP BTP marketing team for Business Applications, focused on SAP BTP for SAP S/4HANA. He has more than 23 years of technical and business experience in the SAP platform and analytics, including working directly on hundreds of customer implementations.

Key Topics of Discussion:

• Evolution of AI and Large Language Models (LLMs) –The growth of LLMs, their transition from entertainment to business use, and their fact-based capabilities.

• AI Integration in SAP’s ERP Strategy – How AI is becoming central to SAP’s strategy, particularly in areas like cloud ERP, digital supply chain, and finance.

• Differentiating the AI solutions in SAP cloud ERP – Notable price declines in AI services make AI technology more accessible and attractive for business applications.

• Role of SAP Joule – What is SAP Joule and how can AI add value to the business

• AI Extensibility and SAP BTP – Collaboration between SAP BTP and ERP to provide extensible AI solutions, supporting various business processes through flexible and scalable tools.

Subscribe to The Let’s Talk Data Podcast

Apple Podcasts

Spotify

YouTube

Call to Action:

Learn more about SAP BTP for S/4HANA and RISE at SAP BTP for S/4HANA

This is a follow-up to AI for SAP S/4HANA and SAP BTP: a deep-dive discussion

In this episode, we dive into the fascinating history and ongoing evolution of the T. Marzetti Company and its partnership with major top named brands enhanced by Rise with SAP. Host Jennifer Frank McGrory, SAP Go-To Market Lead and The T. Marzetti Company’s CIO Liam Durbin explore the company’s rich history of women in leadership, its diverse product offerings, and its innovative approach to partnerships and product development. Join us as we uncover how T. Marzetti has grown into a nearly $2 billion company while maintaining a unique blend of tradition and modernity.

Also in this episode:

• Women in Leadership: Two of the company's largest brands, T. Marzetti and Sister Schubert’s, were founded by women, highlighting early female leadership in the business.

• Product Range and Partnerships: T. Marzetti produces a wide range of products, including dressings, sauces, bread products, and even caviar.

• Innovation and Collaboration: The company is involved in innovative partnerships, working closely with clients to develop new products and ideas through their innovation center.

• CIO Role and Responsibilities: Liam Durbin's role as CIO involves overseeing systems, infrastructure, cybersecurity, and project management. He also leads the COE (Center of Excellence), which includes business-facing aspects of their ERP implementation.

• ERP Implementation: The company transitioned from an old green screen system called PRISM to SAP as part of their modernization efforts. This ERP implementation was backed by strong executive support and was seen as necessary for future growth.

• Organizational Change Management (OCM): The company invested heavily in OCM to ensure user adoption of the new system. This included extensive training, continuous improvement initiatives, and maintaining knowledge amidst high employee turnover.

Subscribe to The Let’s Talk Data Podcast

Apple Podcasts

Spotify

YouTube

Connect With Liam Durbin

Linkedin

Connect With Jennifer Frank McGrory

LinkedIn

Don’t stop here – discover more:

Value Exploration Workshop - a hands-on gamified SAP S/4HANA Cloud simulation experience. Catch the last workshop for 2022: https://bit.ly/3hqyLA3

5 Minutes with....Glen Moffatt on The Renaissance of ERP: https://bit.ly/3Eeefvr

SAP has a Cloud solution for every organization, learn more: https://bit.ly/3NOkoln