The Value Of Single Source Of Truth
Master data management gives you a single authoritative view of information and eliminates costly
inefficiencies caused by data silos.
Data insights have become very important measures of success for organizations. This makes it even more important to ensure the organizational data is useful and trustworthy. With more and more data being generated and used, it becomes vital for organizations to manage this data. MDM or Master Data management, aims at providing clean, accurate, consistent and quality data across the organization, along with access management and making further actions on the data more explicit.
MDM is critical for financial reporting, customer management, customer care, compliance, product regulatory adherence, cross selling and up-selling, privacy management, supply chain, security management and many others by
Establish the data model by defining the attributes, enumeration setup, defining the model and setting default attribute values.
Data enrichment helps assess master data and perform CRUD (Create, Read, Update, Delete) operations. Utilizing this single view, data analysis becomes more accurate and flexible.
Single commands or SQL queries update multiple instances of the same data.
Match and merge concept identifies duplicate data and resolves it to finally process one ‘golden record’, thereby providing a single accurate record.
Operational analytics is used to analyse the quality of data coming in. View details of records like passed, failed, and excluded to improve efficiency, compliance and reduce cost of operations.
We can help with your MDM initiatives to take you to new levels of success leveraging our expertise, services, and solutions.