Master Data Management (MDM) is a comprehensive method of ensuring that an organization’s critical data is accurate, consistent, and complete across all systems. It involves the processes, governance, policies, and technologies that are used to create a single, authoritative source of truth for data entities such as customers, products, and suppliers. MDM aims to eliminate data silos and discrepancies by integrating data from various sources and maintaining its integrity over time. Common use cases for MDM include improving data quality, enhancing decision-making capabilities, and ensuring compliance with regulations.
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AI Fundamentals