The 3 primary categories of components in a MDM framework are:
The three primary categories of components in a Master Data Management (MDM) framework are people, process, and technology. Here's a detailed breakdown:
People:
Roles and Responsibilities: Involves defining roles such as data stewards, data owners, and data governance committees who are responsible for managing and overseeing master data.
Skills and Training: Ensuring that the individuals involved have the necessary skills and training to manage master data effectively.
Process:
Data Governance: Establishing policies, procedures, and standards for managing master data to ensure its accuracy, consistency, and reliability.
Data Lifecycle Management: Processes for creating, maintaining, and retiring master data.
Technology:
MDM Tools and Platforms: Utilizing technology solutions to support the management of master data, including data integration, data quality, and data management platforms.
Infrastructure: Ensuring the necessary technical infrastructure is in place to support MDM activities.
Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
DAMA International, 'The DAMA Guide to the Data Management Body of Knowledge (DMBOK)'
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