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Industry Terminology -MDM

Posted on September 11th, 2011 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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These definitions are taken from the source "The CDI-MDM Institute" for reference use for blog reader.

  • Master Data Management (MDM). Authoritative,reliable foundation for data used across many applications and constituencies with the goal to provide a single view of the truth no matter where it lies.
  • Multi-Entity MDM. An MDM solution to concurrently manage multiple, diverse master data domains (customers, accounts, products) across intra- and extra-enterprise business processes. By centralizing the most critical data to a single trusted source within a cohesive data lifecycle, multi-entity MDM provides configurable process integration across multiple data domains.
  • Customer Data Integration (CDI). Processes and technologies for recognizing a customer and their relationships at any touch-point while aggregating, managing and harmonizing accurate, up-to-date knowledge about that customer to deliver it .just in time. in an actionable form to touch-points.
  • Data Governance (DG). Formal orchestration of people, process, and technology to enable an organization to leverage data as an enterprise asset.

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