Master data management (or MDM) in business consists of different solutions, services, and standards which help enterprises manage their master data. Master data comprises confidential and critical business data regarding customers, products, financial transactions, suppliers, and others.
Emergence of MDM has enabled enterprises to collate and manage master data and utilize it for data analytics and effective decision making.
MDM enhances operational efficiency of organizations along with improved decision making capabilities.
MDM makes it convenient to use data for different business operations as to boost operational as well as business performance and offer enhanced customer services. The master data management market today is influenced by many drivers, restrains and opportunities.
Indispensable need to install centrally located or managed data, growing requirements for verification and compliance, and multiplying needs for excellent business performance and data quality are some of the many factors driving the MDM market.
Master data refers to central data that is essential for operations in a specific business or business unit. For any business, master data is the consolidated, synchronized information about customers, suppliers, distributors, and other entities associated with the organization.
Master data management (MDM) comprises a comprehensive method that enables an enterprise to link all its critical data to a ‘master file’ for a common point of reference. It takes into consideration standards, policies, governance, processes, and tools that account for managing the organizational structure and consolidates the critical data to be available at a single point of reference.
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Master data is the consolidated reference sheet that has the critical business information about products, customers, suppliers, sites, and others comprising asset data information pertaining to the organization. Master data Management Market is a combination of solutions and technological services that collates, structures, harmonizes, and manages the master data and links it with other business processes and analytical tools in the organization.
The usage of master data management solutions helps the organizations to significantly improve operational efficiency, enhance decision-making, and streamline their business operations and workflow patterns. Today, master data management has become imperative for organizations, and has also become one of the important sources for integrating dimensional data for Business Intelligence (BI), Big Data, and analytics solutions.
Since, these solutions are easily integrated with the existing architecture and are deployed on the cloud, the adoption of these management services has increased.
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This report studies the global Master Data Management (MDM) market, analyzes and researches the Master Data Management (MDM) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Table of Content:-
Global Master Data Management (MDM) Market Size, Status and Forecast 2022
1 Industry Overview of Master Data Management (MDM)
1.1 Master Data Management (MDM) Market Overview
1.1.1 Master Data Management (MDM) Product Scope
1.1.2 Market Status and Outlook
1.2 Global Master Data Management (MDM) Market Size and Analysis by Regions
1.2.1 United States
1.2.6 Southeast Asia
1.3 Master Data Management (MDM) Market by Type
1.3.1 Customer Centric MDM
1.3.2 Enterprise Centric MDM
1.3.3 Supply Centric MDM
1.4 Master Data Management (MDM) Market by End Users/Application
1.4.1 Banking,Finance and Insurance (BFSI)
1.4.2 IT & Telecommunications
1.4.3 Health Care
1.4.4 Energy and Utility
1.4.5 Transportation and Logistics
2 Global Master Data Management (MDM) Competition Analysis by Players
2.1 Master Data Management (MDM) Market Size (Value) by Players (2016 and 2017)
2.2 Competitive Status and Trend
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