Master Data Management (MDM) Is the Practice of Gathering Data

question 98

True/False

Master data management (MDM) is the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems. MDM is commonly included in data governance.

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Definitions:

Decision-Making

The process of making choices by identifying a decision, gathering information, assessing alternatives, and arriving at a conclusion.

Basic Steps

Fundamental phases or actions that are essential in initiating or completing a process or procedure.

Escalating Commitment

The phenomenon where individuals or organizations continue to invest time, money, or resources into a failing decision or project, often due to prior investments.

Tort Law

The area of law that deals with civil wrongs, including negligence, defamation, and intentional acts that result in harm or injury to another.