Master Data Management
Master Data Management (MDM) is the collective application of governance, business processes, policies, standards and tools facilitate consistency in data definition. MDM has the objective of providing processes for collecting, aggregating, matching, consolidating, quality-assuring, persisting and distributing such data throughout an organization to ensure consistency and control in the ongoing maintenance and applied use of this data.
Traditionally, Master Data could be code tables, a "master file", reference data, dimensions. Master Data (when established) should feed downstream data systems like Data Marts, data applications etc...
The key driver for MDM is to resolve inconsistencies in data from multiple systems, silos.
Common topics on MDM include:
- MDM Benefits
- MDM Selection Criteria
- MDM Maturity
- Master Data Categories
- Master Data Management Solutions
- Master Data Management Technology