Master Data Management Best Practices for Business Success
Master Data Management Best Practices
for Business Success
Traditional master data management best practices have largely centered around preserving data quality and data governance. However, modern practices power business transformation and the customer experiences of the future, which include:
- Always include as much master data as possible for holistic insights and better business outcomes.
- Make data governance a priority to ensure accuracy and prevent redundancy.
- Continually update data for privacy management and security.
- Set clear paths to goals and convey unanticipated growth sectors.
- Remove dependency on IT for data.
- Build your MDM to drive business goals.
- Organize master data for simplicity and scalability.
- Make master data your data foundation.
