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: 106

@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 11 ай бұрын

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

@user-zh7dl6yz9n 6 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👌👌

@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

@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?

@amal3973 Жыл бұрын

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

@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.

@funfrenzzy52 9 ай бұрын

Well done!! Easy to understand and makes sense

@sreenivassreenu3548 5 ай бұрын

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

@Ennikvlogs 8 ай бұрын

An excellent way to explain about MDM. amazing.

@Deepika2183 2 жыл бұрын

Great explanation .. Thank you

@JBS439 7 ай бұрын

This is very well explained. Thanks so much ❤

@likithagn2188 14 күн бұрын

This was very helpful, thank you !!

@hernanr100 2 жыл бұрын

Great explanation. Thanks

@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

@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 5 ай бұрын

Thanks Vinay 🙏

@emilvinczeMTB 9 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! 😀

@mimictmi3802 8 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.

@ambikeya_tech Ай бұрын

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

@kttvenkat 2 жыл бұрын

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

@asishjoshi5774 Жыл бұрын

Excellent!! Thanks

@alessandrosilveira9009 Жыл бұрын

Great Job Done!

@mahesh84 7 ай бұрын

so simple explanation .. easy to understand

@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.

@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

@Lifestyle-mf4fh 2 жыл бұрын

nicely explained.. thnx

@sdiptanil 6 ай бұрын

Very well explained, Sir !

@anuragkaushik5866 Жыл бұрын

Great learnings...in minimum time

@tarakarambabuk5348 2 ай бұрын

Thank you for the video and very informative

@noronhasanjay 3 ай бұрын

Great video. Thank yoiu

@subrahmanyasastryvaranasi3592 2 жыл бұрын

thank you for the information

@darshanapatil2920 11 ай бұрын

good explanation. helpful

@rakeshgopidi4066 2 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 2 жыл бұрын

Thanks Rakesh ☺️☺️🙏🙏♥️

@Reelwalifeel Жыл бұрын

You know mdm java properly?

@hardiksheth1281 Жыл бұрын

explained pretty well.

@srisindu86 Жыл бұрын

Amazing explaination... clear and crisp

@ITkFunde Жыл бұрын

Thanks

@anaghakulkarni6457 21 күн бұрын

Amazing video 🎉

@rajkamal_khare Жыл бұрын

very helpful.

@dakshrv5075 Жыл бұрын

Well explained 👍

@eekamamatha8346 2 жыл бұрын

Very nice explain

@rupeshravi 2 жыл бұрын

Nice explanation! Thank you

@ITkFunde 2 жыл бұрын

Thanks Rupesh

@blissfuly8375 2 жыл бұрын

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

@juangarzon3062 Ай бұрын

Thanks my friend from Panama

@prasadkoukuntla8022 2 жыл бұрын

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

@ITkFunde 2 жыл бұрын

Thanks Prasad

@ashishtyagiarya Жыл бұрын

@@ITkFunde Sir i need more videos on MDM.

@surathajena2206 Жыл бұрын

Great👍

@thatbadasswoman Жыл бұрын

Very well explained, thank you

@ITkFunde Жыл бұрын

thanks

@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

@BelajarTeros 11 ай бұрын

Nice information brother, love it. Thanks alot!

@ITkFunde 11 ай бұрын

Thanks bro

@AliTwaij 10 ай бұрын

very good expl

@komalsharma3856 2 жыл бұрын

Precise & to the point

@asishjoshi5774 Жыл бұрын

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

@rashmireddy1401 5 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 5 ай бұрын

Thanks Rashmi 🙏☺️

@kanthsri1980 11 ай бұрын

wonderful video

@chanchalgaud 5 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?

@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

@kidsentertainment2584 Жыл бұрын

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

@renjururu Жыл бұрын

loved it

@chgayatri8917 Жыл бұрын

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

@preethaprasad5043 Жыл бұрын

Is it worth learning Reltio tool for MDM?

@walkmethroughyourlogic Жыл бұрын

excellent

@TheGenkaf Жыл бұрын

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

@raghuramsharma2603 2 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 2 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?

@manishkraiit Жыл бұрын

Very good explanation

@ITkFunde Жыл бұрын

❤️❤️🙏🙏

@mamakakatata 9 ай бұрын

Is mdm another module like sd,mm

@jayanth1376 2 жыл бұрын

👌👌👌

@srushtimodi5519 2 жыл бұрын

Does it required coding knowledge ?

@432prameela3 Жыл бұрын

Hi , can we have the software to learn mdm practically

@user-sd1hf1kj3i 3 ай бұрын

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

@NitinSharma-sg6lh 9 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!

@eekamamatha8346 2 жыл бұрын

What is part of customer MDM Plz reply me sir

@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)

@chinnursb9474 Жыл бұрын

Do we need coding skills for MDM?

@y2kmanjeera 4 ай бұрын

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

@ITkFunde 4 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

@christiantan3556 8 ай бұрын

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

@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