What is Master data management ??

 What is  Master data management ??
 

 Master data management is also called as (MDM)



 Master data management comprises the processes, governance, policies, standards and tools that consistently define and manage the critical data of an organization



 Master data management to provide a single point of reference



 Processes commonly seen in master data management include

 source identification,

 data collection,

 data transformation,

 normalization,

 rule administration,

 error detection and correction,

 data consolidation,

 data storage,

 data distribution,

 data classification,

 taxonomy services,

 item master creation,

 schema mapping,

 product codification,

 data enrichment and data governance


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