A Study on Challenges and Opportunities in Master Data Management

Abstract

This paper aims to provide a data definition of one master data for cross application consistency. The concepts related to Master data management in broader spectrum has been discussed. The current challenges companies are facing while implementing the MDM solutions are outlined. We have taken a case study to highlight why Master Data Management is imperative for the enterprises in optimizing their business Also we have identified some of the long term benefits for the enterprises on implementing MDM..