March 11, 2010

Master Data Management - What is it?

Concise, high-value definitions of Master Data Management (MDM) by expert users, analysts, implementers and journalists. A great starting point to learn about MDM, including functional and technical definitions and perspectives.



Dow's Master Data Management Business Processes
Master Data Management is a set of disciplines, technologies, and solutions used to create and maintain consistent, complete, contextual and accurate business data for all stakeholders (users, and applications) across and beyond the enterprise.
Jim Whyte, Dow Chemical

Master Data Management: What Best Practices Can Help You Succeed?
"MDM ensures the consistency, accuracy, stewardship and accountability for the core information of the enterprise, thus enabling organizations to eliminate endless debates about 'who's data is right.'"
Gartner

Master Data Management Definition
"Master data management (MDM) comprises a set of processes and tools which consistently define and manage 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 in such a way as to ensure consistency and control in the ongoing maintenance and application use of this information."
Wikipedia

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