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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 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.
Data management comprises all disciplines related to handling data as a valuable resource, it is the practice of managing an organization's data so it can be analyzed for decision making. [ 1 ] Concept
Microsoft SQL Server Master Data Services (MDS) is a Master Data Management (MDM) product from Microsoft that ships as a part of the Microsoft SQL Server relational database management system. [1] Master data management (MDM) allows an organization to discover and define non-transactional lists of data, and compile maintainable, reliable master ...
As data generation exploded in recent decades, and regulations and compliance issues increased, traditional records management failed to keep pace. A more comprehensive platform for managing records and information became necessary to address all phases of the lifecycle, which led to the advent of information governance.
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 ...
Data governance involves the coordination of people, processes, and information technology necessary to ensure consistent and proper management of an organization's data across the business enterprise. It provides all data management practices with the necessary foundation, strategy, and structure needed to ensure that data is managed as an ...