Prakash's portfolio (Data Architect: Business Intelligence & Data Professional)

Master Data Management

Some of the activities involved in managing Master Data are like:
  1. Data Collection & Consolidation
  2. Data Cleansing & generic standardization
  3. Business rules implementation
  4. Data Grouping & Merging
  5. Data Segmentation & Classification
  6. Review & Corporate approval
  7. Publish and share with relevant parties

Ways to manage Master Data:
  1. Manual
  2. In-House/Customized company specific softwares
  3. SQL Server Master Data Management (MDM)
  4. Suggested tools by 3rd party
    1. Gartner
    2. Profisee