Master Data – Data rating to Key Entities for a Business; Volatility, Volume, Variability less than Transaction Data
Master Data Management– Managing the capture and storage to enable consistent usage, based on definitions, rules and policies, across business functions in the enterprise
Challenges to MDM Objectives
– Data Quality
– Data Latency
– Data Governance Culture
– Data Integration
Enabling tools
– Informatica
– IBM
– Oracle
– Reltio