Significance of MDM
A business operation does rely on a transaction processing system and analytics and BI drive the efforts of customer engagement, SCM (supply chain management), and various other business processes. However, many companies lack a clear impression of their customers and the usual reason for this is customer data is different from system to system.
MDM programs propose that view by combining data from various source systems into just one standard format. When the matter zeroes on customer data, then MDM matches it for forming a combined set of master data to be used in every applicable system. It allows organizations to remove duplicate records of customers with mismatched data.
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