Master Data Management
Master Data Management (MDM) refers to creating and managing data that an organization must have as a single master copy, called the master data.
State
Customers
Vendors
Products
It is the single source of the truth.
MDM is not Data Warehouse but is closely related to Data Warehouse.
Different Goals: MDM is to create and maintain a single source of truth. Whereas in DW, Sales Customer vs. Marketing Customer may differ and not follow a single source of truth.
Types of Data: MDM contains data that doesn't change, mainly Dimensions. At the same time, DW has both Dimensions and Facts.
Reporting Needs: Data Warehousing's priority is to address end-user requirements. MDM's priority is ensuring its follows data governance, quality, and complaint.
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