Introduction to Master Data Management

Hello Readers,

We will get to know the basic definition of  Master Data Management(MDM) ,its leverages  and available MDM tools in the market.

Master Data Management: Master Data Management is the comprehensive way of referring  to single data from its multiple references of data.Simply it provides the common point of  multiple reference of data. MDM related to data governance, which aims to enrich data's quality, share it broadly and leverage competitive advantage.

      MDM is a technology which enables combined functionalities of Business and IT to ensure the uniformity of data, accuracy, consistency and accountability. Master Data contains extended entities of customers,citizens,suppliers, organization and hierarchies etc.

     MDM  involves number of core  IT technologies solutions like data integration , data quality and Business process management(BPM) flows.

Advantages:-
      1)Single view of data:- Creates a single view of data from duplicate and conflicting data.
      2)Panorama view of relationships: It lets the view of all relationships from the data and hierchies
      3)Complete view of interactions: It stores the lineage of data and how it is getting modified every time

MDM Tools:-

     1)Informatica
     2)IBM(Infosphere MDM Advanced Edition)
     3)Oracle(Siebel UCM)
     4)TIBCO
     5)IBM( Infosphere MDM small Edition)
     6)SAP(MDG-C)
     7)Talend
     8)Profisee
     9)Vision Ware

               Gartner Inc. an American Research and advisory firm releases the Gartner Magic Quadrant in which they would reveal the which MDM tool has populated in that year based on Ability of Execution and Completeness of Vision.



Yours Sincerely,
P.Suresh.