Master Data Management Implementation Guide

This white paper discusses the implementation of a Master Data Management (MDM) system, focusing on improving data quality and traceability within organizations. It outlines the necessity for businesses across various sectors, including pharmaceuticals and aerospace, to manage data effectively due to technical and legal requirements. The document presents a structured approach to assessing organizational needs, establishing a data governance strategy, and aligning it with business objectives. Key steps in the MDM implementation process are detailed, including measuring data quality, using appropriate metrics, and defining the initial scope of master data. The paper emphasizes the importance of a centralized master data repository, the management of data access and validation, and the establishment of policies for data updates and history retention. The guidance aims to provide practical solutions for organizations seeking to enhance their data management practices and achieve compliance with regulatory standards.