What is master data management?

Master data management (MDM) streamlines business processes with effective governance controls, as well as improves data quality levels for an enterprise. It involves creating a single master record for each person, place, or thing in a business, from across internal and external data sources and applications.


What is the significance of master data management?

Master data management (MDM) is an integral part of the enterprise data management architecture, designed to help businesses get a consolidated view of the data scattered across the organisation. These include managing enterprise data across key domains such as products, materials, customers, vendors, pricing, and employees, to name a few.

 

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