What is Master Data Management ?
1.Master Data Management master data management (MDM) comprises a set of processes and tools that consistently defines and manages the non-transactional data entities of an organization (also called reference data). 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 application use of this information.
(MDM) is the strategies, processes, technologies and people that create and maintain a single, complete view of all master data that enables a bounded business process scope. Master data management solutions are used to deliver complete, real-time views of vendors, customers, materials, equipment, and other master data that are dispersed across multiple application systems and databases.
Master Data Management Centralized facilities designed to hold master copies of shared entities, such as Customer and Product. All the information that defines and describes the structures, operations, and contents of a BI/DW system