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MASTER DATA MANAGEMENT (MDM)
It is time to manage your Master Data Effectively

Master data management (MDM) has become one of the hottest topics in data management. Global companies are struggling to come to terms with collections of corporate systems, that have left them with master data, dispersed in various silos and in multiple versions of the same system. Additionally with the popularity of Data Warehouse and Business Intelligence (BI) there has been heightened awareness of MDM technologies, as it provides a consistent view of the business by analyzing the performance of the key master entities of business.

MDM is a data management discipline that allows an organization to actively manage master data (or reference data) across the enterprise, rather than, maintaining it in each functional system. Integrating master data is sometimes perceived as an IT-related issue with little business involvement. In actuality, MDM is a cross-functional, technically complex, process-oriented discipline, affecting data governance of master entities that requires acceptance and support company-wide with top-level business sponsorship.

In simple words, MDM can be defined as the set of technologies, processes and governance that:

  • enables distributed, disparate master data consolidation from disparate systems and business lines into a master repository.
  • It also includes the cleansing and enrichment of the master data,
  • ensures integration and distribution of the master data as a single point of truth for a consistent enterprise view of master business entities and
  • utilizes master data to service consuming applications, enterprise business processes and BI applications.

Acxius’s Master Data Management Services can help in this effort by providing you with robust MDM solutions to achieve your EDM goals - thus taking your business to the next level in the process.

Please contact us to learn more about our Data Management Services

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