Customers | Accounts |
Users | Orders |
Transactions | Invoices |
Products | Employees |
Locations | Partners |
Assets | Media Assets |
Contracts | Leads |
Opportunities | Contacts |
Work Orders | Inventory |
Accounts Payable | Accounts Receivable |
Budgets | Shipments |
Payroll | Performance Reviews |
Job Descriptions |
Costs
Information such as market data that is purchased from data vendors may have a significant cost. As such, organizations typically want to purchase it and use it efficiently.Carnality
Data with a large number of elements. For example, reference data with millions of rows may have more value as master data than reference data with four rows.Life Cycle
Data that remains valuable for a significant period of time. For example, customers records may be relevant for years or decades.Volatility
Data that doesn't change at all may not require a master data management solution. Such data can be defined as constants in a variety of systems.Value
Data that is critical to business strategy and operations.Reuse
Data that is used in many places has more value as master data. Typical candidates for master data include customer, product and market data that tend to get used by a large number of systems and analytical tools.| Overview: Master Data | ||
Type | ||
Definition | Information that industries, organizations or departments agree to share. | |
Related Concepts | ||
