What is MDM (Master Data Management)?

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"MDM" is an acronym for "Master Data Management," and is called "master data management" in Japanese. "Master data" is the foundation and basis of business, and is information about people, things, and money, which are assets necessary for a company to conduct business. Depending

on the category of information it contains, master data is classified as "customer master," "product master," "accounting master," etc. It is basic and valuable data within a company, and is often managed by different systems and applications in each department.

MDM refers to the process of consolidating master data owned by multiple departments into one and maintaining quality and consistency. The system used to implement this process is called an "MDM system."
The Benefits and Importance of MDM (Master Data Management)
Many companies handle confidential information such zalo database as customer information, product information, and accounting information in their business. This master data is managed by different systems in each department, and is often managed in a distributed manner within the same company. By implementing MDM and centralizing master data, you can improve business efficiency and make appropriate business decisions.
Here we will explain the benefits of MDM in detail.
Improve data quality through centralized management
Centralized management of master data leads to improved data quality.

For example, product information such as product names, product images, manuals, and suppliers may be scattered across a wide range of departments, such as the sales department and the quality control department. As a result, data duplication and inconsistency occur, and unnecessary data remains indefinitely, making it difficult to maintain high data quality.

Centralized management of master data using MDM processes duplication and inconsistency, leaving only accurate data. Improving data reliability eliminates the need to search for accurate data, thereby improving business efficiency.

In addition, being able to quickly access accurate data allows for correct decisions with a full understanding of the business. This also has an effect on improving the quality of decision-making.