Master Data Management or MDM is a process that
business units and IT collaborate, cleanse, publish and protect
common information assets that can be shared across the entire
company. MDM can help an organization reduce costs because it
causes the organization to look at 'what's not working efficiently
or may be broken'.
But the biggest thing to remember is that
- is a
business & IT must collaborate
The goal of MDM is to create trusted data.
The definition of trusted data is: Data used by business
stakeholders to support their processes, decisions, or regulatory
requirements with no reservations as to the data’s
relevance, accuracy, integrity, and other previously agreed
upon definitions of quality.