Company: Trillium Software
| Category: Customer Data Management
| Published: February 2015
Master data management (MDM) is an initiative which encompasses a mixture of technologies and products, participation from all aspects of a business, and process evaluation. Rather than a single "big bang" project, an MDM
solution grows over time and can take many different forms within different organisations.
MDM today covers all types of critical business information, including customers, suppliers, products, and financial data. Master data serves not just transactional systems but also warehouses, analytic applications, planning and forecasting, and reporting and compliance. Organisations must also plan to manage data changes as part of their master data strategy.
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