Abstract
As organizations are growing, the same also happens to the quantity of
their data and the complexity of storing them. This has called for the
need for a system that assures organizations of data correctness,
accuracy, and consistency, master data management. Master data
management possesses numerous benefits and challenges to organizations.
A.Purpose
The purpose of this study is to identify the numerous pros and cons of
master data management in business organizations.
B. Design
This study is a literature review of the existing sources from different
databases: google scholar, google search, science direct, IET Electronic
Library, SciFinder-n, and so much more.
C. Findings
This study identified numerous pros and cons associated with
implementing and using master data management in an organization from
the numerous sources used. The pros include elimination of redundancy,
effective data editing, improving quality of data, speed of launching
new products, and easy backup. On the other hand, the cons include lack
of stakeholder engagement, the input of irrelevant information, lack of
effective data management, and getting appropriate tooling.
D.Originality
The MDM is the epitome of industry’s best practices all over the globe.
It is a system that allows the implementation of diverse applications,
platforms, and architectures.