MDM Concept

Master data management (MDM) comprises a set of processes and tools that consistently defines and manages the non-transactional data entities of an organization (which may include reference data). MDM has the objective of providing processes for collecting, aggregating, matching, consolidating, quality-assuring, persisting and distributing such data throughout an organization to ensure consistency and control in the ongoing maintenance and application use of this information.

MDM may apply to such entities as customer (Customer Data Integration), product (Product Information Management), employee, and vendor. Solutions across these areas are known as multi-domain MDM.