What is Master Data?
Master data is the core data that is essential to operations in a specific business or business unit. The kinds of information treated as master data varies from one industry to another and even from one company to another within the same industry. Master data is an important enterprise asset, and effective management of this data is critical to maintain good operational and financial health.Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth of a company's information assets and deliver this on demand as a service.Master data currently has [...]