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Dama Exam CDMP-RMD Topic 8 Question 8 Discussion
Topic #: 8
Master Data and metadata ran both he used to aggregate dat
a. Master Data require* that the organization:
Master data and metadata are both used to aggregate data, but master data requires that the organization identifies or develops a trusted version of truth for each of its entities.
Trusted Version of Truth:
For effective master data management, an organization must establish a single, trusted version of truth for each master data entity (e.g., customer, product).
This involves harmonizing data from various sources, resolving duplicates, and ensuring consistency and accuracy.
Master Data:
Master data includes critical business information that provides context for business transactions and analysis. It must be consistent, accurate, and up-to-date to support operational and analytical processes.
Other Options:
Transaction Activity Data: Important for operational processes but not the focus for creating master data.
One Set of Data as Source and Target: Not sufficient for managing master data.
Specific Application Solutions: While useful, they do not ensure the creation of a trusted version of truth for master data.
Transaction Audit Data: Important for auditing but not central to master data creation.
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