What is master data management(MDM) | mdm architecture & products (2022)

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Күн бұрын

What is master data management (MDM) ? | architecture & products (2022)
#mdm #masterdatamanagement #data
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Hi Friends, I am Anshul Tiwari 👨‍🏫, and welcome to your youtube channel "IT k Funde" where we make I.T. interesting for everyone (Tech or No-Tech).
Master Data Management or MDM is one of the core principles of Data Architecture and governance. Without MDM we will not have a clue about where and how our key enterprise (master) data is present and maintained.
This video discusses the core principles, architecture and features of master data management (mdm). I have also shared a personal story that highlights the importance of using master data management in an organization.
We will also discuss 4 mdm products present in the market today.
I hope after watching this video you will have a fair understanding of what is master data management and why its is some important for any enterprise organization.
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Пікірлер: 104

@DrYiWei Жыл бұрын

Great video, thanks a lot, you explained it so well. Here is a quick note for the video: 1. Let’s consider an example: Customer A bought some product P at Store S at 10:00 am, May 1st, 2023 with Price p and equal to USD p’ 2. There are different kinds of data in the above example: Enterprise Data (Master Data): Customer, Product, Store Transaction Data: time, price Ref Data: Currency conversion rate 3. Enterprise should keep Master Data, so every department and every team may refer to the ultimate TRUTH 4. Example: Some bank called me to offer me a credit card, but I already have a credit card from that bank. It’s very possible that the Customer Service department and Marketing department doesn’t share databases, and they refer to the same entity (which is me) differently in different databases. 5. Maintain an MDM Hub (Golden Copy) in your enterprise: 1. Master Data 1. Examples: Customer, Employee, Product, Vendor, Store, Location 2. Hierachies 3. Business Rules 4. Ref. Data 6. MDM should be owned by Business, instead of IT 7. Business Drivers 1. better customer experiences 2. Analytics 3. Gov & Compliance 4. M&A 5. Ops Efficiency

@ITkFunde 10 ай бұрын

Can you send this on email pls anshultiwari353@gmail.com

@user-zh7dl6yz9n 5 ай бұрын

Fantastic. Your clarity and enthusiasm made this complex topic a breeze to grasp. Your passion for the subject really shines through, and it's evident that you've put a lot of effort into making this content accessible. Keep up the excellent work! Looking forward to more insightful videos from you.

@ultimateworrier1079 Жыл бұрын

Bro, you are an excellent guru in explaining the process which I thought as rocket 🚀 science. Kudos👌👌

@amal3973 Жыл бұрын

A wonderful video. Kudos to the team for making such a simple yet informative video on MDM

@shashankemani1609 2 жыл бұрын

Thank you for explaining the new and insightful topic.

@jjempowerstudio6348 2 жыл бұрын

Awesome man .. You made me super sharp in MDM

@thejerzeydude 2 жыл бұрын

Like the way you explain, thanks!! Do more on Data and Technology

@funfrenzzy52 8 ай бұрын

Well done!! Easy to understand and makes sense

@ambikeya_tech 15 күн бұрын

Insightful breakdown! MDM's pivotal role in data governance and integrity shines through your clear explanation.

@Deepika2183 2 жыл бұрын

Great explanation .. Thank you

@sreenivassreenu3548 4 ай бұрын

at start of your class am like zero at end feels good like a hero ...

@ngounjombejulie9852 Жыл бұрын

Hello, thank you for the broad picture. This is so rich. Please could you give an explanation or a video of what a work day for an MDM BUSINESS ANALYST LOOKS LIKE?

@ericaoliver880 Жыл бұрын

Very informative video. I am starting a new project cleaning data with SAP s4/hana and needed a quick overview of the concept.

@hernanr100 Жыл бұрын

Great explanation. Thanks

@Ennikvlogs 7 ай бұрын

An excellent way to explain about MDM. amazing.

@emilvinczeMTB 8 ай бұрын

It's a really nice video, really recommend it. After I watched this, i got a A* on my assignment. Thanks, A LOT! 😀

@JBS439 6 ай бұрын

This is very well explained. Thanks so much ❤

@mimictmi3802 7 ай бұрын

great video and as a MDM myself, duplicates in any larger organization is a major issue. they are inevidable as we have all this different ways to name a business, hell mayne the business wants to call themselves a bit different, without officially registering to it. that we have same customer in 3 different names done by businesss into the system. Now put projects to all of those different customers and times it by thousand customers, that is a big mess and now the whole Finance department gotta do investigative work and at least twice the work due to entries in the system under different names. Biggest task as MDM is to verify that this customer exist, it is a real company, no immediate red flags for the business, under what official name, and using all the compliances and regulations at the same time.

@Guidewire_Enthusiast_Vinay Жыл бұрын

you explained in a very crisp manner and connected all the dots in between in relating the techno-functional and business requirements 👌

@ITkFunde 4 ай бұрын

Thanks Vinay 🙏

@kttvenkat Жыл бұрын

well Explained ..with practical stuff..so trumps.up

@alessandrosilveira9009 Жыл бұрын

Great Job Done!

@mahesh84 6 ай бұрын

so simple explanation .. easy to understand

@asishjoshi5774 Жыл бұрын

Excellent!! Thanks

@Lifestyle-mf4fh 2 жыл бұрын

nicely explained.. thnx

@tarakarambabuk5348 Ай бұрын

Thank you for the video and very informative

@noronhasanjay 2 ай бұрын

Great video. Thank yoiu

@CodeVeda Жыл бұрын

To be fair when you said you would give an real time example I thought you would give an example of how you implemented in your project ... these kinds of call getting from Banks for credit card is very common

@abc-dw7ed Жыл бұрын

Thank you Anshul Sir, will you please make more videos on MDM in detail explaining architecture. It will be of great help to us.

@sdiptanil 5 ай бұрын

Very well explained, Sir !

@anuragkaushik5866 Жыл бұрын

Great learnings...in minimum time

@srisindu86 Жыл бұрын

Amazing explaination... clear and crisp

@ITkFunde Жыл бұрын

Thanks

@darshanapatil2920 10 ай бұрын

good explanation. helpful

@rakeshgopidi4066 Жыл бұрын

Great and crisp and clear Explanation never gone so deep understanding MDM , you made it very clear , Hats off Anshul now i became a huge fan of you , Thanks a lot for sharing such a useful Information in a simple understandable way !!

@ITkFunde Жыл бұрын

Thanks Rakesh ☺️☺️🙏🙏♥️

@Reelwalifeel Жыл бұрын

You know mdm java properly?

@poojajaiswal4699 2 жыл бұрын

Hello Anshul Sir, I request you to please make a video series on AWS or else on any specific topic of AWS, Thanks

@subrahmanyasastryvaranasi3592 Жыл бұрын

thank you for the information

@rupeshravi 2 жыл бұрын

Nice explanation! Thank you

@ITkFunde 2 жыл бұрын

Thanks Rupesh

@rajkamal_khare Жыл бұрын

very helpful.

@prasadkoukuntla8022 Жыл бұрын

Nice explanation with examples to help us understand MDM concepts better. Thank you.

@ITkFunde Жыл бұрын

Thanks Prasad

@ashishtyagiarya Жыл бұрын

@@ITkFunde Sir i need more videos on MDM.

@thatbadasswoman Жыл бұрын

Very well explained, thank you

@ITkFunde Жыл бұрын

thanks

@hardiksheth1281 Жыл бұрын

explained pretty well.

@dakshrv5075 Жыл бұрын

Well explained 👍

@eekamamatha8346 Жыл бұрын

Very nice explain

@juangarzon3062 19 күн бұрын

Thanks my friend from Panama

@chubbyzbl 10 ай бұрын

Nice information brother, love it. Thanks alot!

@ITkFunde 10 ай бұрын

Thanks bro

@surathajena2206 Жыл бұрын

Great👍

@kanthsri1980 10 ай бұрын

wonderful video

@komalsharma3856 Жыл бұрын

Precise & to the point

@rashmireddy1401 4 ай бұрын

Great effort you spoke all the things which I am struggling to understand Thank you so much for making it so easy to understand the topic and definitely this is an exceptional video for anyone who is trying to know about MDM no doubt on this.

@ITkFunde 4 ай бұрын

Thanks Rashmi 🙏☺️

@abdul-azizkhamis2878 Жыл бұрын

Hello, thank you for the broad picture. This is so rich. Please could you give the answer for this statement "Is big data governance important at the initiation stage of a data governance program? Provide your reasoning

@AliTwaij 9 ай бұрын

very good expl

@renjururu Жыл бұрын

loved it

@StorieswithAarna Жыл бұрын

This is really good. Just stumbled on your channel… i am a layman in this field and you explained it very well. Do u have videos on reference data management as well ? Trying to understand that

@ITkFunde Жыл бұрын

Not exactly but I am sure you will find somengood stuff on other channels

@manishkraiit Жыл бұрын

Very good explanation

@ITkFunde Жыл бұрын

❤️❤️🙏🙏

@blissfuly8375 Жыл бұрын

Do you understand telcom mediation and rating stuff? Looking for a high level understanding on that topic

@walkmethroughyourlogic Жыл бұрын

excellent

@ishamalya8348 Жыл бұрын

Thanks for the high level explanation. Do you also provide the concrete solution like how to get the business process in place? I am looking for the solution which would help in building up the strategy for MDM in my company.

@ITkFunde Жыл бұрын

HI Isha, I am not an expert on MDM and this video was made only to give an overview as a lot of viewers asked for it. But still if you have any specific query feel free to mail me and I will try to find some answers for you

@asishjoshi5774 Жыл бұрын

hi.. you mentioned TII or PII data? what is it ?

@raghuramsharma2603 Жыл бұрын

Great explanation...is there a continuation to this? I'm currently architecting a MDM solution on Azure so would be really helpful for any pointers..thanks

@srushtimodi5519 Жыл бұрын

Does it need coding skills ?

@The_Bold_Statement Жыл бұрын

which tool are you using for it, also does azure provide any specific service in built for mdm?

@kidsentertainment2584 Жыл бұрын

thanks for the video ,what kind of tool we need to learn to get the job in MDM

@jayanth1376 Жыл бұрын

👌👌👌

@preethaprasad5043 Жыл бұрын

Is it worth learning Reltio tool for MDM?

@chanchalgaud 4 ай бұрын

In Analytics we need to keep version of data changes also.. like all the lifecycle of changes of customer data might be phone number/address ( i mean SCDType 2) is MDM maintains that?

@NitinSharma-sg6lh 8 ай бұрын

It was a good explanation however there you have fumbled with his to her, at around 6:05 to 06:16. You’re a champ brother!

@chgayatri8917 Жыл бұрын

What is the future of MDM tools like Riversand ? any idea

@TheGenkaf Жыл бұрын

I think you forgot to mention the leader in MDM space, Reltio 😊

@srushtimodi5519 Жыл бұрын

Does it required coding knowledge ?

@MynorMarcos 2 жыл бұрын

Nice, good explanation. I have a question, would it be correct to have several catalogs of clients with different perspectives within data management? For example, within the banking context, a fiduciary client and a business credit client? Would it be correct to have two catalogs, or would it be better to have flags within the same catalog? Thank you very much for your answer.

@ITkFunde 2 жыл бұрын

Thanks Mynor good qs, well it all depends on how as a company you look to maintain your master data. I believe customer records should be treated as single master data with flags to highlight different domains or catalogs

@MynorMarcos 2 жыл бұрын

@@ITkFunde Again, thank you for your answer!

@gopalkarunakar7380 2 жыл бұрын

flags or maybe another entity to store the relationship(s)

@432prameela3 Жыл бұрын

Hi , can we have the software to learn mdm practically

@christiantan3556 7 ай бұрын

I thought MDM is mobile device management? which one is really correct

@chinnursb9474 Жыл бұрын

Do we need coding skills for MDM?

@mamakakatata 8 ай бұрын

Is mdm another module like sd,mm

@eekamamatha8346 Жыл бұрын

What is part of customer MDM Plz reply me sir

@user-sd1hf1kj3i 2 ай бұрын

what does snowflake data engineer do? can you create a vedio on this

@y2kmanjeera 3 ай бұрын

Is price master data or reference data? Should it be part of mdm

@ITkFunde 3 ай бұрын

Great Qs Manjeera - while price can be managed as master data in industries with relatively stable pricing structures like retail and manufacturing, it is often treated as transactional data in industries with rapidly changing prices like airlines, stock markets, and commodities trading

@yatayamuna8816 Жыл бұрын

good evening sir. recently i have joined in ibm . the domain allocated to me is "Master Data Management ". Is it good to continue in this domain. all of my friends got RDBMS domain. I am new to MDM domain . i am very scared of it. is it good domain..

@sachintodakar4459 Жыл бұрын

@YATA YAMUNA