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MDM

MDM — Master Data Management

The governance and control of core business data to ensure its accuracy, consistency and integrity across an organization.

Definition

Master Data Management (MDM) is the discipline of creating, governing and maintaining core business data so that it remains accurate, consistent and authoritative across enterprise systems. It establishes common definitions, ownership, quality controls and governance processes for critical data such as assets, equipment, locations, materials and suppliers.

Why It Matters

Master Data Management ensures that critical business data remains accurate, consistent and trusted across enterprise systems.

In Practice

Effective Master Data Management improves data quality, reduces duplication and supports reliable reporting, system integration and business decision-making across the organization.

Common Misuse

Master Data Management governs shared business data across multiple systems, whereas Information Management encompasses the broader governance of all organizational information.

Term Details
Synonyms:
MDM; Master Data Management; Master Data Governance; Enterprise Master Data
Classification:
Industrial Data & Analytics
Methodology
Advanced
Applications

Information Management; Data Management; Business Management.

Where It's Used

Enterprise systems.; Asset management.; ERP.; Manufacturing.; Utilities.

References

ISO 8000

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