What Does Master Data Management (MDM) Mean?
Master data management (MDM) is the management of specific key data assets for a business or enterprise. MDM is part of data management as a whole, but is generally focused on the handling of higher level data elements, such as broader identity classifications of people, things, places and concepts.
Techopedia Explains Master Data Management (MDM)
Some theories of business management begin with the master data, valuable data units that can be linked to other data in various ways. Transactional data, data about official transactions that is often formalized in transactional documents, can establish relationships between master data units. A broader category of free data that is not codified in formal business documents can also be applied to a more detailed study of master data relationships. In addition, metadata can help to provide pointers for single data assets within a complex data storage infrastructure.
