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 availability to enable the Enterprise/Company to achieve its strategic objectives such as Customer Satisfaction, Profitability and Operational excellence.
Considering Master Data should not avoid you to think about the real important topic: Information Management. Master data is only “the top of the iceberg”… but don’t we say:
To be able to succeed, one needs to start somewhere…
So why not starting by the core information? 😉 That was/is our choice from the beginning of this journey.