MDM : What is Master Data Management

The process to create the single and clean copy of the master data used across the applications is called the Master Data management.

The Master Data Management could be an application which create and maintain the master data including the policies and procedures to create, update , delete and select the master data across the applications using the master data.

For many, management of enterprise data often relies on email, shared spreadsheets, batch processes or proprietary black-box applications. Collaboration is often understood but difficult to implement and enforce and these disconnected processes can often lead to operational errors, incorrect reporting and costly maintenance.
To address these issues, organizations use Master Data Management (MDM) to build a single, accurate view of enterprise data. MDM comprises a set of processes and tools that defines and manages enterprise data to ensure accuracy, consistency and control over across organization lines.