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Master Data Management What is it? Why do I Care? What are the Solutions? Marty Pittman Information Management Architect IBM Software GroupInformation Management 2011 IBM CorporationInformation ManagementAgenda

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How to fill out master data managementwhat why

01

Identify the data sources and types of data that need to be managed

02

Define data governance policies and rules for maintaining data quality

03

Create a master data model to structure and categorize data

04

Implement data integration processes to consolidate and synchronize data across systems

05

Choose a master data management tool or platform to centralize data management and access

Who needs master data managementwhat why?

01

Businesses that have multiple systems and databases with duplicate and inconsistent data that need to be unified and managed effectively

02

Enterprises that want to ensure data accuracy, consistency, and compliance with regulations

03

Organizations that rely on data-driven decision making and need a single source of truth for critical business data

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What is master data management?

Master Data Management (MDM) is a set of processes and technologies that ensures the accuracy, consistency, and accountability of an organization's critical data assets. It involves creating a single, authoritative source for data across the organization to improve decision-making and operational efficiency.

Who is required to file master data management?

Organizations that handle significant amounts of critical business data, such as customer information, product details, and financial data, are required to implement Master Data Management practices to ensure compliance with regulations and enhance data quality.

How to fill out master data management?

Filling out master data management typically involves identifying key data elements, gathering data from various sources, cleaning and standardizing the data, and then organizing it into a centralized system or repository that is accessible to relevant users.

What is the purpose of master data management?

The purpose of master data management is to create a single, reliable view of an organization's critical data. This helps ensure data quality, supports better decision-making, enables compliance with regulations, and improves operational efficiency.

What information must be reported on master data management?

Information that must be reported in master data management includes definitions of master data entities, data quality metrics, sources of data, updates to data governance policies, and any compliance-related information required by regulatory bodies.

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