Master Data Management (MDM) encompasses the processes, governance, tools and standards that are involved in centralizing any amount of non-transactional data into one system. This creates only one master copy of the data item which is then synchronized to all applications using the data. The mastered data can include reference data as well as analytical data.
Master Data Management tools supports MDM by
standardizing the data, removing duplicates and incorporating rules and best
practices to eliminate incorrect data from entering the system. Data Governance
involves defining how the data should look and identifying errors and Data
Stewardship involves understanding the data from the business side and
correcting errors.
Pacific Big Data uses Talend that enables built-in
data integration, data quality and data stewardship enables easier
maintenance of real time data as well as data lineage and history for audit
purposes.
The centralized data point of reference enables
our clients to create and share standardized data information across platforms
and enables them to master data into insights and actions in a significantly
shorter amount of time.
Want to learn more about Master Data Management?
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