Master Data Management
Master data management (MDM) is one the core disciplines of the overall process of Data management. Master Data Management is a process of managing and maintaining critical data of organizations to ensure accuracy, consistency, and completeness across all their systems. Data across business is varied and is found in different formats. MDM helps create a standardised and unified view of Data across all aspects of business/lines of business which helps in de-duplicating data and in increasing accuracy and maintaining consistency for operational and analytical uses while ensuring completeness. MDM applies the processes of data integration, cleansing, enrichment, quality and governance to create a master record which is also considered to be the single source of truth.
Coforge provides expertise in MDM to its various clients and uses a wide range of tools available in the market. We have implemented Master Data Management processes across our different partners in BU’s such as BFS, Insurance, and Travel, Transportation, and Hospitality. Coforge also ensures and applies the right set of policies to ensure sensitivity and security of the master data of our clients is rightly managed.