MDM

MDM may refer to:

In business

In entertainment

In science and technology

Data management

Data management comprises all the disciplines related to managing data as a valuable resource.

Overview

The official definition provided by DAMA International, the professional organization for those in the data management profession, is: "Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the full data lifecycle needs of an enterprise." This definition is fairly broad and encompasses a number of professions which may not have direct technical contact with lower-level aspects of data management, such as relational database management.

Alternatively, the definition provided in the DAMA Data Management Body of Knowledge () is: "Data management is the development, execution and supervision of plans, policies, programs and practices that control, protect, deliver and enhance the value of data and information assets."

The concept of "Data Management" arose in the 1980s as technology moved from sequential processing (first cards, then tape) to random access processing. Since it was now technically possible to store a single fact in a single place and access that using random access disk, those suggesting that "Data Management" was more important than "Process Management" used arguments such as "a customer's home address is stored in 75 (or some other large number) places in our computer systems." During this period, random access processing was not competitively fast, so those suggesting "Process Management" was more important than "Data Management" used batch processing time as their primary argument. As applications moved into real-time, interactive applications, it became obvious to most practitioners that both management processes were important. If the data was not well defined, the data would be mis-used in applications. If the process wasn't well defined, it was impossible to meet user needs.

Master data management

In business, master data management (MDM) comprises the processes, governance, policies, standards and tools that consistently define and manage the critical data of an organization to provide a single point of reference.

The data that is mastered may include:

In computing, a master data management tool can be used to support master data management by removing duplicates, standardizing data (mass maintaining), and incorporating rules to eliminate incorrect data from entering the system in order to create an authoritative source of master data. Master data are the products, accounts and parties for which the business transactions are completed. The root cause problem stems from business unit and product line segmentation, in which the same customer will be serviced by different product lines, with redundant data being entered about the customer (aka party in the role of customer) and account in order to process the transaction. The redundancy of party and account data is compounded in the front to back office life cycle, where the authoritative single source for the party, account and product data is needed but is often once again redundantly entered or augmented.

Master data

Master data represents the business objects which are agreed on and shared across the enterprise. Commonly confused with Reference Data – information that is key to the operation of a business – it also can cover transactional, unstructured, analytical, hierarchical and meta data. It is the primary focus of the Information Technology (IT) discipline of Master Data Management (MDM).

While master data is often non-transactional in nature, it is not limited to non-transactional data, and often supports transactional processes and operations. For example, Master data may be about: customers, products, employees, materials, suppliers, and vendors, and it may also cover: sales, documents and aggregated sales.

Types of master data

Reference Data is the set of permissible values to be used by other (master or transaction) data fields. Reference data normally changes slowly, reflecting changes in the modes of operation of the business, rather than changing in the normal course of business.

Prod

Prod or PROD may refer to:

Product integral, often shown using the symbol