Understanding What Is Master Data Governance and Its Role in Data Quality Management
What is Master Data Governance? It refers to the process of managing and controlling the core data that runs through your organization. This includes establishing data definitions, ownership, validation rules, policies, and workflows that ensure data is trusted, accurate, and usable.
Master data is foundational to everything a business does—from processing orders and managing inventory to tracking customers and analyzing trends. Without a solid governance structure, data can become fragmented, inconsistent, and unreliable—leading to costly mistakes and missed opportunities.
Master Data Governance provides a clear framework to address these challenges. It brings together people, processes, and technology to ensure that data is maintained according to best practices. It also helps organizations comply with regulatory standards while enabling data-driven innovation across all departments.
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