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Master Data Management

The Role of Financial MDM in Mastering Enterprise MDM

on May 13, 2024 | By Abhi Nerurkar
When most people talk about metadata they are referring to descriptive metadata, which provides basic information about a resource (such as title, author, date, description, format, language, or keywords) and is primarily used to search, browse, sort, and filter information about a given resource.
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Master Data Management

Data Is Driving Businesses Now—Why It's Important to Make Sure Data Is Accurate

on February 9, 2024 | By Deven Shah
Most successful businesses don’t make critical decisions based on gut feelings or assumptions. They use data—a lot of it. Data is the foundation of today’s businesses, impacting everything from operations to compliance. This makes the accuracy of that data a critical factor in a business’s success. Let’s take a closer look at the role of data accuracy in driving business outcomes, factors that...
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Master Data Management

Why It's Important to Have a Single Source of Truth Across All Your Enterprise Data

on November 28, 2023 | By Abhi Nerurkar
Data has become the force driving today’s business strategies, which means data isn’t just for data scientists anymore. Whether your role is finance, sales, marketing, IT, or customer service, access to consistent, reliable data is a critical factor in your ability to do your job effectively and make strategic decisions. In larger organizations, data has a tendency to become siloed within...
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Master Data Management

Features to Look For in a Master Data Management Solution

on April 20, 2023 | By Tony Kiratsous
Data quality impacts every corner of an enterprise, whether it’s finance, IT, marketing, or sales. Implementing a master data management (MDM) strategy will help ensure every business decision in every department is based on reliable, accurate, and up-to-date analytics and intelligence.
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Master Data Management

Why Master Data Management is Important

on March 7, 2023 | By Abhi Nerurkar
In today’s data-intensive enterprises, data redundancy and inconsistency isn’t just a symptom of poor data management; it’s a prescription for untrustworthy analytics and useless business intelligence.
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Master Data Management

Common Misconceptions About Master Data Management

on February 2, 2023 | By Abhi Nerurkar
In today’s highly data-reliant business environments, master data management (MDM) is essential. With historically high volumes of transactions sharing data and metadata across multiple systems and applications, factors including human error, inconsistent metadata, and failure to validate requests can negatively impact data quality and outcomes.
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Master Data Management

Benefits of Centralized Metadata

on November 30, 2022 | By Abhi Nerurkar
Data is a driving force in today’s enterprise. Every transaction and interaction either consumes or generates data, which needs to be secured, processed, stored, analyzed, and used to support an operational function or achieve a business objective.
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Master Data Management

Benefits of Code-Free Integration for MDM

on November 1, 2022 | By Abhi Nerurkar
Data is the foundation of today’s businesses; however, the infrastructure needed to maintain the integrity of this data is growing exponentially more complex. Consider an average business transaction that crosses dozens of separate systems before it’s complete. Each of these systems shares customer, product, location, and financial data across multiple domains.
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Master Data Management

Why You Need Master Data Management and How to Approach It in Your Organization

on September 13, 2022 | By Tony Kiratsous
Today’s enterprises are highly complex, relying on potentially hundreds of different business applications and systems across multiple departments and business units. Each of these applications and systems generates and consumes data, which can easily become fragmented, duplicated, or obsolete.
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Master Data Management

How MDM and Data Governance Work Together and Why You Need Both

on August 11, 2022 | By Abhi Nerurkar
Data drives today’s businesses, but that data is only useful if it is accessible, actionable, and accurate. Unfortunately, in many organizations, master data isn’t managed well, leading to inconsistencies and overlaps in data records across business applications. Over time, these quality issues devalue your data and impede critical business insight. A master data management strategy that includes...
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Master Data Management and Data Governance Data Sheet

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