Key features and functions of MDS:
Master Data Management: MDS allows you to centrally manage master data that is shared and used by various systems and applications in your organization. This data may include information about products, customers, employees, suppliers and other categories important to the company.
Data Modeling: Enables you to create data models that match your organization's structure and requirements. Entities, attributes, and relationships can be defined within these models.
Data Integration and Synchronization: MDS integrates with various data sources, allowing you to synchronize and update master data across your organization.
Versioning and change management: Offers data versioning capabilities, which allows you to track changes and manage different versions of master data.
Data Quality Management: Provides tools to maintain high data quality, including data validation and cleansing capabilities.
Security and access control: MDS allows you to define permissions and access rules for data, ensuring that only authorized people can make changes or view sensitive information.
Workflow and business processes: Ability to create workflow processes that ensure that data goes through the appropriate approval stages before being published or updated.
MDS is particularly useful in large organizations where there is a need to coordinate and manage master data across various systems and applications. This enables effective management of information resources, which is key to making informed business decisions and maintaining high quality operations.
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