Master Data Management

1) http://www.computerweekly.com/feature/Tips-for-master-data-management-best-practice

• Master data management (MDM) projects must be business-owned, joined up, and proven step-by-step
• Business must take the lead of MDM
• Think big, start small
• MDM has to deal with data from multi domain
• similar with dimensional data instead of transactional data

2) http://www.informationweek.com/big-data/big-data-analytics/7-master-data-management-project-best-practices/d/d-id/1107222?

3) http://www.slideshare.net/kuansung/master-data-management

4) http://www.slideshare.net/jamserra/introduction-to-microsofts-master-data-services-mds

5) http://searchdatamanagement.techtarget.com/resources/MDM-best-practices

• Identify domain (manifacture/health care/financial )
• Identify master data (consistent across system and process)

Master data: Data representing key data entities critical to a company operations and analytics because of how it interacts and provides context to transactional data.
Transactional data: Data associated with or resulting from specific business transactions.
Reference data: Data typically represented by code set values used to classify or categorize other types of data, such as master data and transactional data.
Metadata: Descriptive information about data entities and elements such as the definition, type, structure, lineage, usage, changes and so on.

Following SAP's lead, other giant vendors began muscling in on the act. IBM bought DWL, Oracle introduced a series of products, and Microsoft purchased Stratature, a small MDM vendor.