Enterprise Master Data Hub Architecture
Master data has played a significant role in improving operational efficiencies and has attracted the attention of many large businesses over the decade. Recent professional searches have also proved a significant growth in the practice and research of managing these master data assets.
Master data governance and management are technology-enabled practices for data quality, data management, business process management, and risk management through which businesses oversee master data assets and ensure the accuracy and accountability of the enterprise’s shared data. Enterprise MDM calls for the use of centralized governance and collaboration, also called the master data HUB system.
Focusing on solutions to conceptual and real-world obstacles and enhancing the management process can contribute to deepening its applications and creating secure and profitable entrepreneurial communities.