Master Data Management (MDM) is the technology, tools and processes that ensure master data is coordinated across the enterprise. MDM provides a unified master data service that provides accurate, consistent and complete master data across the enterprise and to business partners.
What is an example of MDM?
Customer information—such as names, phone numbers, and addresses—is an excellent example of master data. This data is less volatile but occasionally needs to be updated when a customer moves or changes their name.
What are the four types of MDM?
There are four master data management (MDM) implementation styles, and their different characteristics suit different organizational needs. These include consolidation, registry, centralized and, ultimately, coexistence.
What is meant by Master Data Management?
Master data management (MDM) is a technology-enabled discipline in which business and IT work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise's official shared master data assets.