Dear Santosh,
Master data Management is required for following reasons
Awash In Data: Data is a company’s lifeblood, flowing through all vital systems  marketing, sales, manufacturing, HR, finance and all points in between. Expensive ERP, SCM and CRM systems implemented over the past decade deliver value only when fueled by good, accurate, consistent data.
Database Debacles: Bad data is poison, clogging operations, increasing costs, prompting poor decisions
Data Disconnect: Enterprises have long struggled with creating, maintaining, integrating, and leveraging enterprise master data
Regulatory Compliance: Escalating regulatory compliance pressure is also a powerful driver for MDM
If you find helpful please reward points,
Vivek Maitra
Bluesky
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