Master data management (MDM) involves creating a single master record for each person, place, or thing in a business, from across internal and external data sources and applications. This information has been de-duplicated, reconciled and enriched, becoming a consistent, reliable source. Once created, this master data serves as a trusted view of business-critical data that can be managed and shared across the business to promote accurate reporting, reduce data errors, remove redundancy, and help workers make better-informed business decisions.
GOVERNANCE FRAMEWORKS
Master Data Management
Can your current data architecture handle the massive influx of data that is coming into the enterprise every day? If not, it’s time to think about modernizing your data architecture to ensure you capture and manage one of the most valuable assets your organization has, its data.
Browse our Governance Solutions
Why Do I Need Master Data Management (MDM)?
MDM is of particular interest to large, global organizations, organizations with highly distributed data across multiple systems, and organizations that have frequent or large-scale merger and acquisition activity. Acquiring another company creates wide-reaching data integration challenges that MDM is designed to mitigate. Thus, MDM can accelerate the time-to-value from an acquisition.
MDM also helps prevent disjointed customer experiences in companies with segmented product lines, multiple interaction points and channels, and distributed geographies. With MDM, companies gain confidence that the data they rely on remains trusted and authoritative.
Benefits Of Master Data Management
- Improve efficiencies. With all your organization’s most critical data up to date in one shared location, you can eliminate information silos and increase collaboration.
- Build confidence in the data. With silos reduced, mission critical data can be centrally governed and maintained.
- Save resources. With automated and streamlined data processes, your organization can save time on upkeeping infrastructure activities that otherwise could drain time and resources.
- Provide more value. With all your critical data in one place, you can take advantage of important insights for delivering a personalized customer experience.
Expand Data Management Capabilities Across Your Organization
As your organization grows and more people need access to the same data, master data management will be essential to providing a single point of reference for important information. However, master data is not the only data that needs to be cleaned, organized, and distributed. Make sure your organization is investing in data management solutions that increase visibility, reliability, security, and scalability and improve data-driven decision-making.
Reduce costs, improve the value of your data and boost business agility and profitability.
We have a solution for you.
Browse our Governance Driven Frameworks
Browse our Technology Driven Frameworks
Book a Discovery Call with Our Data Experts
Our team is equipped with the skills, knowledge and expertise to help you implement the right technology solutions, and business use cases, needed to achieve quick wins and deliver a ROI on your data assets.
