Master data management (MDM) refers to the curation of key entities that are used across the institution that provide a common point of reference, for instance PERSON, PRODUCT, CODES. Master data is typically persistent, non-transactional data utilized by multiple systems that define the aforementioned primary business entities. When properly done, master data management streamlines data sharing throughout the institution. In addition, master data management can facilitate computing in multiple system architectures, platforms and applications.
At its core, effective MDM can be viewed as a “discipline for specialized quality improvement” defined by the policies and procedures put in place by a data governance organization. The ultimate goal is to provide the end user community with a “trusted single version of the truth” from which to base decisions.
Current examples of MDM in practice at UF include the PERSON Registry (Directory).