If you’re trying to understand what master data management is all about, you’re not alone. The practice has a rich history. Modern systems appeared in the 1990s, but they weren’t easy to adopt.

Business process inefficiencies. Master data redundancies and inconsistencies are not uncommon, but can lead to friction in the business processes that rely on master data. For example, if a customer ...

Not addressing master data issues ahead of any heavy investments in AI/ML can result in the significant rewiring of data in the ML training sets later and render any previous insights useless.

Master Data Management is a practice adopted when a company really gets serious about making use of its data. Based on recent trends and some emerging analyst research, it seems that when ...

Many vendors are now launching retail-specific data management solutions in response to this demand. Global big data analytics in the retail market will grow from $6.25 billion in 2021 to $40.88 ...

Inaccurate and/or erroneous data entry prohibits the benefits from cross-functional processes flows sought in environments like build-to-order manufacturing for example. Master Data Management ...

The biggest danger to a nascent master data management (MDM) program is starting with the wrong objectives, even though they can often sound quite right.

How to Choose a Master Data Management Tool By taking an MDM approach and using MDM tools, IT departments can rationalize, improve and reduce costs associated with data migration and integration, says ...

"To use the example of digitizing and bridging external referrals, we needed an MDM [master data management] system that would address: obtaining and processing referrals, automated reporting, ...

Master files contain descriptive data, such as name and address, as well as summary information, such as amount due and year-to-date sales. Contrast with transaction file. See master data management.

Reltio Connected Data Platform 2023.2 integrates new AI-powered functionality to help better create “golden records” for master data management (MDM) ...