Multi-domain master data management: improving data governance for enterprises

Abstract

Today data has become one of the important assets of organizations and businesses. However, one challenge faced by managers is how to effectively and intelligently exploit, use and manage data when the organization is exposed to a large number of both internal and external data sources. A multi-domain master data management solution based on the overall management of data across multiple domains will help organizations develop a unified and accurate view of important entities, thereby providing suitable and reliable financial information. This article attempts to clarify the concepts and the importance of multi-domain master data management, and propose feasible approaches when building multi-domain master data management.