Key processing steps for successful MDM typically include:
* Data Acquisition: The process of gathering and importing data from various sources.
* Data Sharing & Stewardship: Involves ensuring data is shared appropriately across the organization and that data stewards manage data quality and integrity.
* Entity Resolution: Identifying and linking data records that refer to the same entity across different data sources.
* Data Model Management: Creating and maintaining data models that define how data is structured and related within the MDM system.
* Excluded Step - Data Indexing: While indexing is a critical database performance optimization technique, it is not a primary processing step specific to MDM. MDM focuses on consolidating, managing, and ensuring the quality of master data rather than indexing, which is more about search optimization within databases.
* References:
* Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
* DAMA International, "The DAMA Guide to the Data Management Body of Knowledge (DMBOK)"