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Master data management (MDM) is a discipline in which business and information technology collaborate to ensure the uniformity, accuracy, stewardship, semantic consistency, and accountability of the enterprise's official shared master data assets.
ISO 8000 is the international standard for Data Quality and Enterprise Master Data.Widely adopted internationally [1] [2] [3] it describes the features and defines the requirements for standard exchange of Master Data among business partners.
Master Data Services does not impose any limitation on the data model. Master Data Services also allows custom Business rules, used for validating and sanitizing the data entering the data hub, to be defined, which is then run against the data matching the specified criteria. All changes made to the data are validated against the rules, and a ...
SAP NetWeaver Master Data Management (SAP NW MDM) is a component of SAP's NetWeaver product group and is used as a platform to consolidate, cleanse and synchronise a single version of the truth for master data within a heterogeneous application landscape. It has the ability to distribute internally and externally to SAP and non-SAP applications.
Master data represents "data about the business entities that provide context for business transactions". [1] The most commonly found categories of master data are parties (individuals and organisations, and their roles, such as customers, suppliers, employees), products, financial structures (such as ledgers and cost centres) and locational concepts.
A golden copy is a consolidated data set, [2] and is supposed to provide a single source of truth and a "well-defined version of all the data entities in an organizational ecosystem". [3] Other names sometimes used include master source or master version. The term has been used in conjunction with data quality, master data management, and ...
The Data Management Association (DAMA), formerly known as the Data Administration Management Association, [citation needed] is a global not-for-profit organization which aims to advance concepts and practices about information management and data management.
Enterprise data management (EDM) is the ability of an organization to precisely define, easily integrate and effectively retrieve data for both internal applications and external communication. EDM focuses on the creation of accurate, consistent, and transparent content.