As defined by well-known internet search engine Wikipedia, "In business, master data management (MDM) comprises the processes, governance, policies, standards and tools that consistently define and manage the critical data of an organization to provide a single point of reference." Though the definition covers the major elements of the term MDM, it fails to provide a complete gist of what the process is entirely capable of achieving. This is because MDM is a constantly evolving process. The more you explore and experiment, the more you discover.
Businesses know how influential an MDM process can prove to be. They introduce master data management solutions in the organisation, in order to experience all-round success and to support the ultimate goal of the firm. As simple as these solutions may appear, they come with their own set of complex features that, when understood and worked with 'in-depth', provide a clear image of what the business can accomplish. A number of people play the role of stakeholders, from the inception stage through the process of on-going maintenance. Their roles in the process simply cannot and must not be ignored.
Some of the major stakeholders in the process include the application owners, information architects, meta-data analysts, executive management, data governance team and system developers. However, the list simply does not end there. There are many other professionals who work with these major stakeholders in determining the course of the MDM process and other inter-linked processes such as data quality management. Then, there are a few data specialists who understand the needs, demands and expectations of the organisation and together, navigate the process towards total success and productivity.
Original Article Posted on : Ezinearticles.com
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