The Product MDM integration provides industry-neutral and application integration architecture
Introduction:
Master data management (MDM) is a discipline and/or technology that provides reliable insights into an enterprise's data and makes that data readily available to other business functions. To understand MDM, it is important to first define the basics; master data is an organization's critical business data that includes product, supplier, and customer data.
Master data management solutions help ensure that corporate data is accurate and controlled across business applications such as enterprise resource planning (ERP), customer relationship management (CRM), product lifecycle management (PLM), enterprise performance management (EPM) and more. . .
Merits of Oracle Master Data Management:
Improved data accuracy and consistency: Oracle MDM can help organizations to improve the accuracy and consistency of their master data by integrating data from multiple systems and applications into a single repository. This helps to ensure that the data is always up-to-date and that there are no duplicate records.
Reduced costs: Oracle MDM can help organizations to reduce costs by eliminating the need to maintain multiple copies of the same data. It can also help to reduce the time and effort required to reconcile data between different systems.
Increased efficiency: Oracle MDM can help organizations to improve their efficiency by providing a single source of truth for master data. This can help to improve decision-making, reduce errors, and improve customer service.
Improved compliance: Oracle MDM can help organizations to improve their compliance with regulations by providing a secure and auditable repository for master data.
Enhanced agility: Oracle MDM can help organizations to become more agile by providing a flexible and scalable solution for managing master data. This can help organizations to respond quickly to changes in the market or business environment.
Improved customer experience: Oracle MDM can help organizations to improve the customer experience by providing a single view of the customer across all channels. This can help organizations to deliver more personalized and relevant services to their customers.
Features of Oracle Master Data Management:
Data integration: Oracle MDM can integrate data from multiple systems and applications into a single repository. This helps to ensure that the data is consistent and up-to-date.
Data quality: Oracle MDM includes a number of tools to help organizations improve the quality of their master data. These tools can identify and correct errors in the data, as well as ensure that the data is complete and accurate.
Data governance: Oracle MDM provides a framework for organizations to govern their master data. This includes defining policies and procedures for managing the data, as well as assigning roles and responsibilities to different users.
Data lineage: Oracle MDM can track the lineage of data, which is the history of how the data was created and modified. This can help organizations to identify and troubleshoot problems with the data.
Data security: Oracle MDM provides a number of features to help organizations secure their master data. These features include encryption, access control, and auditing.
Career in Oracle Master Data Management:
Master Data Management Architect: Master Data Management Architects are responsible for designing and implementing MDM solutions. They need to have a deep understanding of MDM concepts and technologies, as well as the ability to translate business requirements into technical solutions.
Master Data Management Consultant: Master Data Management Consultants help organizations to implement and use MDM solutions. They need to have a strong understanding of MDM principles and practices, as well as the ability to work with business users and IT staff.
Master Data Management Analyst: Master Data Management Analysts are responsible for collecting, cleansing, and maintaining master data. They need to have strong data analysis and problem-solving skills, as well as the ability to work with business users to understand their data needs.
Master Data Management Developer: Master Data Management Developers are responsible for developing and maintaining MDM applications. They need to have strong programming skills, as well as the ability to work with MDM technologies.
Companies hiring for Oracle Master Data Management:
Iris Software
IBM
Accenture
Capgemini
TCS
Wipro
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