Master data, also called reference data, defines subjects such as products, customers, suppliers and brands. When effectively managed, it provides a consistent context against which business performance can be measured. Gartner describes master data in various master domains including:
Customer Information Management (CIM) or Customer Data Integration (CDI) Finance Information Management (FIM) Product Information Management (PIM) Supplier Information Management (SIM) On the market you will find generalist tools as well as tools that take a specialist approach for one of the sub-categories. The goal of master data management tools is to allow business to create 'one version of the truth' or a 'golden copy' of the data being managed. This reduces duplication and redundancy and can enable communication across disparate systems and across the enterprise.
Related categories 1
Provider of enterprise business model (EBM) management software solutions.
Offers multidomain MDM. Based in Bangalore.
Web-based enterprise master data management and data governance solution for harmonizing, storing and managing master data within a collaborative, workflow-driven environment.
Generates a real-time, transactional database infrastructure from an enterprise information model.
EBX.Platform helps companies to unify and manage their reference business data and parameters across systems. Based in Paris.
Reconcile, cleanse and synchronize master data.