Master Data Service:Master Data Services (MDS) is Microsoft's platform for supporting Master Data Management (MDM). A system like MDS, if properly maintained, gives organisations a powerful alternative to increasingly having to centralize databases as a way of preventing data from getting out sync or become inconsistent, and a reliable way of managing the flow of data through corporate IT systems. It makes microservice architectures realistic.
The disadvantages of a Master Data Management (MDM) It is very complex and requires the involvement of too many stakeholders. Due to the complexity, the budgets for MDM implementation are too costly to be easily justified. MDM finds it almost impossible to reconcile externally sourced data, machine-generated or unstructured data. That puts it at a decided disadvantage because the insurance sector is moving towards IoT and third-party data in its digital transformation journey. The final clincher is that MDM may end in creating another data silo in the business ecosystem.