Multi-Domain Master Data Management

Preface

Master data is data critical to a company’s operations and analytics because of how the data is shared and how it interacts with and provide context to transactional data. Master data are inherently nontransactional and are usually identified and organized within data domains that reflect key business entities, such as customers, partners, products, materials, finance, and employees.

Master Data Management (MDM) is the application of discipline and control over master data to achieve a consistent, trusted, and shared representation of the data. This is often referred to as achieving a “single version of the truth.” In MDM, business and information technology (IT) disciplines such as data governance, data stewardship, data integration, ...