Reference and Master Data Management

Reference and master data management involves establishing consistent and accurate definitions, storage, and maintenance of reference and master data. Assessing reference and master data management ensures data integrity, enables effective data analysis, and supports reliable decision-making.

Are reference and master data entities clearly defined and documented?

Is there a process in place to ensure regular updates and maintenance of reference and master data?

Are mechanisms available to enforce data quality and consistency for reference and master data?

Accuracy and completeness of reference and master data

Timeliness of updates and changes to reference and master data

Reduction in data inconsistencies or duplicates