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What is Master Data?
Master data, sometimes called reference data, is critical business data that comes from and supports transactional data, but it is not usually transactional in nature.
Master data is supposed to be the enterprise or industry standard for data that represents slowly-changing aspects of the business:
|
Master Data Category |
Possible Entities |
Sample Data |
|---|---|---|
|
People |
clients, employees, shareholders, vendors, partners |
"John Q. Smith, Sr." |
|
Locations |
HQ address, subsidiaries, backup sites, divisions |
"2194 Highway A1A" |
|
Enterprise |
business units, cost centers, price lists, org charts |
"2024Q2 Table of Accounts" |
|
Deliverables |
goods, services, suites, packages, promotions |
"CoSort 10.5.1 Software" |
|
Markets |
industry/domain-standard UPCs, SKUs, etc. |
"UPC-E 234569" |
The IRI Voracity data management platform and subset products supported in IRI Workbench (Eclipse IDE), allow you to:
- find and define
- assess and unify
- cleanse and mask
- store and use
- share, track, secure
master data and master metadata in relational and flat-file repositories. See the current master data management (MDM), master data modeling and master data governance activites which Voracity supports here.
