How Master Data Management works for your business.
Master data management (MDM) links all of its critical data to one file, called a master file, which provides a common point of reference for a business. When properly done, MDM streamlines data sharing among personnel and departments and can also facilitate computing in multiple system architectures, platforms and applications. The benefits of MDM increase as the number and diversity of organizational departments, worker roles and computing applications expand.
Having the right information easily accessible significantly improves workforce efficiency and business operations. This is particularly true in maintenance and other heavy industries, where having accurate asset master data documentation is absolutely fundamental. To efficiently manage large quantities of physical assets across an enterprise, asset information must be properly integrated, validated, categorized and stored in a central location.
AT A GLANCE