The emergence of Master Data Management (MDM) has quickly become popular to combat poor quality and miscomprehension of data. When implemented correctly, MDM tools address many of the issues that plague enterprises, drive confident decision making, and establish a competitive advantage.
In this Whitepaper, we highlight 4 key components to consider when developing and implementing an enterprise master data management solution. These four include:
Data Quality is a pre-requisite to MDM.
MDM provides a single, consistent view of key business entities.
Data Governance is the glue.
Bad Data isn't an IT problem - it's a business problem.