Master Data Management (MDM) is an approach that helps to unambiguously identify and integrate key data.

MDM is not a closed discipline exclusive to itself. It is important that MDM principles be applied in every integration project, whether this concerns creating or simply collecting a small amount of data from technical devices. It is equally beneficial to take MDM principles into account during the creation and administration of metadata.

The use of MDM methods and processes has benefits in many areas.

Master Data Management Elimination Of Inconsistencies

MDM helps you to reduce losses caused by inconsistent data among individual systems. The most common inconsistencies are duplicate records and the impossibility of unambiguously identifying objects in various systems. An equally serious problem arises when, in various systems, we have different data for the same object and we are unable to decide which of these data are correct.

Master Data Management Uniform Definitions In The Organisation

Introduction of MDM results in the more precise definitions of key data, their properties and structure in all departments and at all levels. This leads to simplification and improved quality in the exchange of data and information between individual parts of the company. Outputs provided to different departments can be compared more precisely and have greater predictive value. 

Master Data Management Obtaining More Precise And Higher-quality Information

Higher-quality data that are consistent throughout the organisation enable more precise reporting, leading to higher-quality key decisions and more precise – and thus less expensive – rendering of accounts.

Master Data Management Facilitating Integration Of Other Systems

If a company has implemented functioning administration of key data, the integration of other systems (in the case of an acquisition, for example) is a simple matter. It suffices to create one connection to central data management, which is implemented as either a Master Data Service or Master Data System. This eliminates the necessity of creating a connection to all systems that need information from the newly integrated system. This advantage is abundantly clear in the case of integration with the systems of external organisations in which we cannot intervene and which cannot be modified.

How to get started with Profinit?

Profinit has experience with extensive and complicated integration projects of various types. We are able to create an MDM solution that will minimise interventions in current systems and infrastructure while maximising the benefits of uniform management of the company’s key data. Our services cover particularly the following areas:

• analysis of the current status at the level of infrastructure and communication between systems and at the level of data quality
• formulation of a strategic plan for management of key data and implementation of MDM, assessment of the demands and benefits of individual variants 
• creation of a logical design at the level of selection of key data and principles of their management, creation of the physical design of all components of the MDM solution and implementation of the solution