Master Data Management
Master Data Management
Gartner defines Master Data Management (MDM) as “a technology-enabled discipline in which business and IT work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise’s official shared master data assets.
Master data is the consistent and uniform set of identifiers and extended attributes that describes the core entities of the enterprise including customers, prospects, citizens, suppliers, sites, hierarchies and chart of accounts.”
Master data management (MDM) is a complete approach of facilitating an enterprise to link all of its data to a singular reference. It benefits extensive and complex enterprises by reducing clutter and increases productivity efficiency.
Simplified Data Sharing
If organizations are not keeping up with their data as they continue to grow, the likelier they are to have problems with data reproduction, insufficient data and record oversights. MDM corrects data quality and simplifies data sharing throughout departments and workforce.
EPMI utilizes Oracle DRM for MDM; our consultants are both integrators and certified DRM instructors. MDM undertakings typically begin with preliminary assessments and departmental discussions to guarantee accurate project tasks.
For MDM optimization, it is essential for businesses to be educated with how data should be configured, recorded and updated.
Oracle Data Relationship Management (DRM) consolidates cross-functional aspects to a master record while allowing users to add the operation of managing elaborate master data by developing alternate departmental perspectives of the data that are uniform and accurate.
Additionally, the platform enables IT administrators to guarantee data security by protecting data management procedures consistent with company strategies.
Clean, Unified and Accurate MDM
MDM is utilized for securing data across numerous domains varying from Account, Site, Customer, Asset and Product, and more. This enables enterprises and their consumers to dictate and regulate the quality of master data.
Clean unified and accurate master data consistently spread throughout the enterprise can save companies monetary losses every year, completely expand business productivity, improve customer relations and experiences, and support corporate data governance.
By leveraging Oracle’s platform agnostic DRM tool, EPMI is able to perform data governance and ensure consistency with Oracle and non-Oracle products alike.
To learn more about how EPMI can you help your organization, call or send us an message today to setup a quick 15 minute introductory call.