Master Data Management (MDM)

Data evolves over time: Challenges of Scattered Business Data

Any data evolves over time – people change jobs, products are discontinued, offices move into new locations etc. Maintaining such business data takes an effort especially when the same business data is scattered over several systems and processes. This fragmentation often leads to incomplete or inaccurate data, hindering users from having a 360-degree view crucial for their everyday business needs.

Master Data Management: The Solution for Fragmented Business Data

Business data is often fragmented across various data sources within an enterprise architecture, and these sources frequently differ from each other. Master data management is the process of collecting, cleansing, maintaining, enriching, and federating this data to ensure it's consistent and readily available wherever it's needed within the organization.

Master Data Management Prevents Data Breakdowns

Information flows from a variety of sources and takes many forms. For example, you might have data on customers, deliveries, personnel, and portfolio. Without proper data management, this data can become scattered across different systems throughout the organization, leading to fragmentation. This lack of centralized control makes the reliability, timeliness, and accuracy of information questionable. Master data management offers the tools and processes necessary to overcome these challenges and ensure data integrity.