Back to Glossary


What Is MDM?

Master data management is a set of technological tools and processes that coordinate core and essential operations data across an organization. This includes creating primary master data for every business resource, product, human capital, or even location from external and internal sources to de-duplicate and reconcile one trusted source.

MDM Benefits

Master Data Management Software:

  • Streamlines the end-to-end data processes while eliminating incorrect files.
  • Reduces the costs of storing multiple files thanks to eliminating redundancy and duplication.
  • Automates information processing to save time and costs.
  • Helps businesses avoid far-reaching implications associated with non-compliance, which can include penalties or tainted reputation.

When A Business Needs MDM

A business might need to adopt a master data management framework for:

  • Expansion – enormous business data stream in from various departments, such as supply, customer service, and HR. In that case, there is a need to have a centralized data source for greater accuracy and consistency.
  • Tracking key data assets that require regular monitoring.
  • Automating data processes and cutting human capital costs.
  • To compete favorably with other players while steering it towards realizing its goals and vision.

Frequently Asked Questions About MDM

Who uses master data management software

Everyone in your organization should understand what is master data management. However, the key professionals who use master data management solutions include data governance specialists, administrators, and data stewards. Other professionals who leverage this solution include project managers, business analysts, and ELT developers.

What does master data management do?

At its core, a product master data management system collects and manages data from multiple sources. While gathering data, MDM systems clean and transform data to ensure utmost integrity, accuracy, and consistency for a quick and easy-to-use format access.

How to implement master data management?

It’s easier to implement master data management by starting with key master data sources before expanding to other sources. That means pinpointing master data producers and consumers before collecting and analyzing metadata.

After that you’ll:

  • Appoint data stewards;
  • Appoint a data governance council;
  • Build the data master model;
  • Select a toolset to build infrastructure;
  • Modify, implement, and maintain your master data.


Why master data management is important?

A master data management system is important as it helps ensure data compliance through secure and trusted storage. Moreover, MDM solutions help businesses clearly define structured data roles and responsibilities for overall efficiency.

Why do we need master data management?

We need data master management to drive high levels of data accuracy, consistency, and integrity, which are what we need to match or beat the competition. Most importantly, MDM saves time and resources.

You May Find It Interesting

How To Reduce eCommerce Returns WIth Rich Product Content

The Role Of Rich Product Content In eCommerce Return Management

High return rates have plagued the eCommerce sector. How can help product rich content management to deal with this challenge?

Read more
What You Should Know During eCommerce App Development for Successful PIM Software Implementation
3 min read

eCommerce App Development for Successful PIM Software Implementation

When you're working on a mobile application, it's crucial to consider the future integration of PIM solutions.

Read more
Mobile Commerce Future

The Evolution And Beyond: Exploring The Future Of Mobile Commerce

Curious about the technologies shaping the future of mobile commerce? Interested in upcoming trends in m commerce? Read the article.

Read more
PIM Tool for eCommerce Product Data Enrichment
5 min read
Gepard Updates

Gepard Features Hub: PIM Tool For eCommerce Product Data Enrichment

In this article, you will find out deep insights about the Gepard product data enrichment tool and why it is necessary for eCommerce business

Read more
15 Facts About eCommerce That Leave You Open-Mouthed

15 Facts About eCommerce That Leave You Open-Mouthed

In this article, we will explore 15 insightful facts about eCommerce that will leave you astonished and eager to learn more.

Read more
Product Feed Optimization Trends

Product Feed Optimization Trends: Driving Revenue and Sales

Here are some 2023 industry trends on how you can optimize your product feed for increased revenue and sales.

Read more
2 min read
Gepard Updates

Ovia Lighting Chooses Gepard PIM For Strengthening Products Offerings In The Electrical Wholesale Market

Gepard is delighted to announce its new client Ovia Lighting Ltd. It specializes in supplying a range of light fittings.  

Read more
eCommerce Site Search Trends From Expert

10 eCommerce Site Search Trends From Experts

Let’s discover the top 10 eCommerce website search trends from experts that would be actual in the nearest 5 years.

Read more

Top 6 Experts’ Insights On Implementing Product Data Enrichment In An eCommerce Strategy 2023

These insights will assist you with actionable strategies to enhance your product data and maximize impact on your customers and bottom line.

Read more

Let’s Get In Touch

Need to contact us? Just use this form

Gepard Privacy Policy