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Scholars Journal of Engineering and Technology | Volume-12 | Issue-02
Strategies for Master Data Management Integration and Their Benefits
Ronak Ravjibhai Pansara
Published: Feb. 1, 2024 | 60 41
DOI: 10.36347/sjet.2024.v12i02.002
Pages: 40-47
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Abstract
This study examines the efficacy of various methodologies employed for the integration of Master Data Management (MDM) and assesses the corresponding advantages in modern data-centric organizations. The main goal is to improve the processes of managing organizational data, tackle existing issues, and maximize the overall effectiveness of decision-making based on data. The research employs a comprehensive methodology, undertaking a meticulous examination of the current body of literature pertaining to Master Data Management (MDM) and integration methodologies. Both qualitative and quantitative research methodologies are utilized to assess the efficacy of various Master Data Management (MDM) integration solutions. The research design incorporates meticulous data gathering methodologies and sophisticated analytic approaches to guarantee the production of reliable and resilient findings. The study investigates various solutions for integrating Master Data Management (MDM), including consolidation, federation, and coexistence. Comprehensive elucidations of each method are furnished, bolstered by empirical illustrations and empirical analyses, proffering pragmatic perspectives. This paper provides a systematic analysis of the benefits associated with the integration of Master Data Management (MDM), with a particular focus on enhancements in data quality, decision-making processes, and operational efficiency. The importance of MDM integration in modern business environments is substantiated by empirical evidence and illustrative examples. In summary, this study highlights the crucial significance of integrating Master Data Management (MDM) in achieving organizational success. Through the examination of obstacles, the provision of pragmatic approaches, and the presentation of empirical illustrations, this research adds to the current scholarly understanding of efficient data management. It is recommended that further research endeavors be undertaken to delve deeper .....