Master Data, one of the key assets of an organization, is critical data that is used across the company in a number of different systems.

Master Data Management (MDM) is the set of activities and methods that ensure the currency, meaning and quality of a company’s master data across subject areas in its application to operational data. MDM links data and processes across systems, complementing and extending those systems and processes to enable a single and accurate view of the Master Data.

MDM is not just a technology problem. It consists of both creating and maintaining Master Data based on its relevance to business processes. This paper introduces MDM solutions and the benefits of the MDM solution with an integrated data quality component.