Master data management in business consists of different solutions, services and standards which help companies manage their master data. MDM enhances operational efficiency of organizations along with improved decision-making capabilities by governing official corporate records that maybe scattered across diverse databases and other repositories. MDM is the critical key to corporate compliance. Increasingly, enterprise IT groups are laying out MDM strategies that encompass relational databases, data warehouses and profiling. We at Century Well will help you with solutions for Master Data Management by:
• Identify the critical data
• Determine how data is organized and stored
• Identify owners of data
• Evaluate whether a single domain or multi-domain is best
• Determine whether the MDM implementation should be operation, enterprise or
analytics and research available third-party solutions
• Develop the master data model