Master Data Management

Reference Data CRD

• Uniformity

• Accuracy

• Stewardship

• Semantic Consistency

• Accountability

• Official shared master data assets

• Data consistency and accuracy: MDM ensures that the organization’s critical data is consistent and accurate across all systems, reducing discrepancies and errors caused by multiple, siloed copies of the same data.3

• Improved decision-making: By providing a single version of the truth, MDM aims to have business leaders make informed, data-driven decisions, and improve overall business performance.

• Operational efficiency: With consistent and accurate data, operational processes such as reporting, inventory management, and customer service become more efficient.

• Regulatory compliance: MDM tries to help organizations comply with industry standards and regulations by ensuring that master data is accurately recorded, maintained, and audited.