Before covering Master Data Services (MDS) itself, we will start off by covering what Master Data Management (MDM) actually is, and looking at why it can be of benefit to an organization. This includes an examination of the different approaches to MDM, as well as listing the various components that make up an MDM initiative.
This chapter is therefore the foundation of the whole book, and aims to be largely technology agnostic by explaining why MDM is needed and what is actually required in order to implement MDM.
In this chapter, we will cover the following topics:
Master data
The need for Master Data Management
Master Data Management overview
Data quality
Operational and analytical Master Data Management
Different approaches to Master Data Management
Data governance
Data stewardship
Politics and organizational changes