Master Data Management

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Contents

Abstract

Master Data Management (MDM) plays a critical role in establishing a reliable and trusted platform to share essential data across an organisation. According to Gartner, master data is a "consistent and uniform set of identifiers and extended attributes that describe the core entities" of an enterprise. Successful MDM can help an organisation improve operational efficiency, drive analytical insights and enhance data governance. Appropriate management of master data becomes increasingly important when projects and programs within an organisation grow in complexity. Improper MDM can cause project managers to take inappropriate decisions based on poor data quality.

This article will focus on providing an introduction to master data and the underlying principles behind data management. The article will then proceed to describe the Seven Building Blocks for successful MDM while discussing the importance of SOPs in MDM.

Background

Master Data In a Nutshell

Data Management In a Nutshell

Data Access

Data Quality

Data Federation

Data Governance

MDM Tools

The Seven Building Blocks Framework for MDM

Vision

Strategy

Governance

Organization

Processes

Technology Infrastructure

Metrics

Standard Operating Procedures for MDM

Glossary

MDM: Master Data Management SOPs: Standard Operating Procedures

References


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