Introduction to MDM

Master Data Management

       MDM is a concept which is said to be Master Data Management that plays an important role in each and every business. It ensures that the data is centralized, consistent, accurate, uniform across all the businesses. It can be implemented for Customers, Products, Accounts, Geographic Locations, Employees and etc.

 MDM helps the business to eliminate the redundant data upto a great extent and creates the reliability in the business and it can be integrated with any ETL tool and involved in cleansing, matching and merging processes.

It maintains rules to ensure consistency across the businesses by integrating all the applications such as Customers, Products, Sites, Employees.

Below is the complete process of MDM Life cycle.

1) Defining a model called Data model for the application
2) Creating and configuring the Stage process
3) Creating and configuring the load process
4) Create Match & Merge rules on the data
5) Creating and configuring data accessing views
6) Creating batches

There are many tools available in the market to create a successful MDM application. Informatica MDM Hub is the leading tool in the market.