Master Data Management
Master data management (MDM) is the practice of acquiring, improving, and sharing master data. MDM involves creating consistent definitions of business entities via integration techniques across multiple internal IT systems and often to partners or customers. MDM is enabled by integration tools and techniques for ETL, EAI, EII, and replication. MDM is related to data governance, which aims to improve data’s quality, share it broadly, leverage it for competitive advantage, manage change, and comply with regulations and standards.