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Monday, August 4, 2008

FEATURED IT JARGON - MDM: Master Data Management

MDM: master data management - The notion of understanding where your data is stored and managing the potential conflicts that arise when you get copies of that data out of line with one another is what MDM is all about.

We have seen some staggering benefits from it and we have seen some things fail. An increasing number of companies have taken notice of MDM recently because of its potential for delivering the benefits of greater data consistency, which can include more accurate reporting and data analysis, a reduction in errors and an enhanced bottom line.

MDM combines middleware with data governance in an effort to solve the problem of getting source data and all of the copies of that data which tend to multiply throughout an organization to sync up.

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