{"id":11489,"date":"2022-06-16T07:00:00","date_gmt":"2022-06-16T15:00:00","guid":{"rendered":"https:\/\/formtek.com\/blog\/?p=11489"},"modified":"2021-09-04T20:25:17","modified_gmt":"2021-09-05T04:25:17","slug":"master-data-management-architecting-a-consistent-source-across-the-business-for-data","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/master-data-management-architecting-a-consistent-source-across-the-business-for-data\/","title":{"rendered":"Master Data Management: Architecting a Consistent Source across the Business for Data"},"content":{"rendered":"\n

Master Data Management is a discipline for data management that uses technology and processes to create a single representation of the data that describe business objects, like customers, suppliers, employees, products, stores, etc. It helps ensure that company-wide everyone has the same data, and an update to the data will be reflected across multiple applications for all users company-wide.<\/p>\n\n\n\n

There is no guarantee that MDM data is accurate. What is guaranteed is consistency. But the process used by MDM ensures a high confidence that the single-source of data being managed is the most accurate data that is known to the business. Accurate data can help avoid discrepancies and ultimately save the business money.<\/p>\n\n\n\n

Patty McDonald<\/a>, global solution marketing director at Symphony RetailAI, told CMSWire <\/a>that “MDM has been found to lead to a 10x increase in productivity.”<\/p>\n\n\n\n

MDM is typically implemented as a single “logical view” of data using virtualization. Dave Mariani<\/a>, co-founders and CTO at AtScale, said that<\/a> “data virtualization works by exposing a logical view of data while leaving the physical data in the respective data stores. By avoiding the physical movement of data, organizations can deliver a consistent, governed view of data without needing to re-architect their data platforms or invest in costly and time-consuming data engineering projects that can never keep up with the growth of data or the explosion of new data sources.”<\/p>\n\n\n\n

\"\"<\/a>
From Gartner (via Informatica): Master Data Management Magic Quadrant 2021<\/a><\/figcaption><\/figure><\/div>\n
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Master Data Management is a discipline for data management that uses technology and processes to create a single representation of the data that describe business objects, like customers, suppliers, employees, products, stores, etc. It helps ensure that company-wide everyone has…<\/span><\/p>\n

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