MDM/DRM definitions and key features

Open questions, Examples & Comments

Master Data Master Data is information that is key for the operation of a business*

Master Data is basic key information, e.g. customers, products, chart of accounts, entities

Master Data is (mostly) non-transactional in nature* and supports transactional data

Master Data is a a single source basic business data used across multiple systems, applications and/or processes*

Enterprise Master Data is the single source of basic business data used across all systems, applications, and processes for an entire enterprise (all departments, divisions, companies, and countries).* Ask yourself if you company does this already. If you can answer with a yes, you don't need Oracle DRM or us any more

Master Data is a hard to achieve necessity

Master Data has the tendency to change frequently

Master Data changes over time, due to costumer, product, organizational & regulatory changes

		Open questions, Examples & Comments
Master Data	Master Data is information that is key for the operation of a business*
	Master Data is basic key information, e.g. customers, products, chart of accounts, entities
	Master Data is (mostly) non-transactional in nature* and supports transactional data
	Master Data is a a single source basic business data used across multiple systems, applications and/or processes*
	Enterprise Master Data is the single source of basic business data used across all systems, applications, and processes for an entire enterprise (all departments, divisions, companies, and countries).*	Ask yourself if you company does this already. If you can answer with a yes, you don't need Oracle DRM or us any more
	Master Data is a hard to achieve necessity
	Master Data has the tendency to change frequently
	Master Data changes over time, due to costumer, product, organizational & regulatory changes