Data management is the implementation of policies and procedures that put organizations in control of their business data regardless of where it resides. Data management is concerned with the end-to-end lifecycle of data, from creation to retirement, and the controlled progression of data to and from each stage within its lifecycle.

The benefits of data management include enhanced compliance, greater security, improved sales and marketing strategies, better product classification, and improved data governance to reduce organizational risk.

Our process to Master Data Management:

• Understanding the goals of your business and how an MDM strategy can fulfill them
• Identifying the critical master data
• Determining how data is organized and stored
• Identifying sources and owners of data
• Determining the objectives of Master Data
• Design and Develop the master data model
• Identifying every task that needs to have gone through a well-developed governance program
• Ensuring data quality

When it comes to creating a Master Data Management strategy for an enterprise or any business environment, it can get complicated quick. To ensure the integrity of your data, depend on the years of experience that Icon brings to the table.