Master Data Management
Master data management (MDM) ensures that an organization's critical information (customers, vendors, products, employees, locations) is accurate and consistent across that organization's operational systems – spanning geographic, line-of-business, and application silo boundaries – and the organization's interactions with third parties. MDM enforces the necessary data governance processes and policies for continuous data quality while controlling access. In addition, MDM allows organizations to manage the many complex hierarchies (product and customer classifications, categories, organizational structure) and relationships within their data such as those between products, customers, vendors, or locations.
Through effective MDM, organizations can eliminate errors, become efficient in their business activities, and accelerate critical processes such as a single view of the customer, new product launch, vendor on-boarding, first-time-right service provisioning, cross-sell/up-sell, and customer service.
MDM builds a highly available, high quality data foundation that supports enterprise IT initiatives such SOA, EDW, and BPM.
Product Information
- TIBCO Collaborative Information Manager™: Enables organizations to align enterprise master data (product, customer, vendor, etc.) across multiple business units, departments, and partners and synchronize that information with downstream IT transactional systems.
