Master Data is the core information, that is needed, to Manage and Operate the Company businesses. Master Data is a Core asset for Enterprise/Company. As such, it has to be Governed and Managed properly. Customer, Product, Supplier and Financial information entities are typical examples of some very essential Master Data. They need to have a common information structure & definitions, the right level of quality, accuracy and availibility to enable the Enterprise/Company to achieve its strategic objectives such as Customer Satisfaction, Profitability and Operational excellence.
[...] for a business driven approach to manage Core information of the group (so called Master Data, see our definition) and their life-cycle cross different organisations, processes or [...]