Master Data Management (MDM) is a set of software solutions, tools and management systems that allow collecting heterogeneous data from external sources and storing them in a single format. The integration of such systems allows to optimize important information and accelerate data exchange.
The implementation of the MDM system can be illustrated by the example of an online retail store. The office receives information about the delivered goods from different wholesale companies in different formats. In the MDM system, information is combined and standardized, and unnecessary data is deleted. As a result, the online store receives an ordered product catalog, which is much more convenient to use for internal business processes.
The main advantages of MDM:
- Deleting or merging duplicate records
● Updating information
● Adding additional data to existing records
● Creating a data hierarchy
● Standardization of records
● Converting data to a reference view
Most of the processes inside MDM are configured automatically, but the initial setup may take a long time. Administrators need to consolidate all sources of incoming information into a single database, prioritize different categories of data, and configure the system correctly.
Top MDM software solutions on the market for the Windows platform:
- Scalefusion MDM
- Microsoft Intune
- VMware Workspace ONE
- Cisco Meraki Systems Manager
- IBM MaaS360