What is master data management?

Master data management is a comprehensive process of defining, managing, and maintaining an organization's critical data assets, typically referred to as master data. This includes data such as customer information, product details, and employee records. The main goal of master data management is to ensure data accuracy, consistency, and reliability across multiple systems and applications within an organization. By centralizing and harmonizing master data, businesses can make more informed decisions, improve operational efficiency, and enhance overall data quality.

This mind map was published on 14 May 2024 and has been viewed 37 times.