Implement Multidomain Master Data Management Solution

Description

Multi-domain MDM manages all different types of master data in one place, bringing the multiple data domains and processes associated with each into a centralized platform. MDM ensures your master data is consistent, complete, and accurate throughout your organization, enterprise systems, and partners. Multi-domain MDM takes that one step further by integrating all your domains into one single platform. A domain refers to the type of data referenced. Some of the most popular data domains are customer data, products, financials, locations, employees, and data about different industries.

Organizations used to only implement single-domain MDM solutions. That meant there was one system for each data domain, such as one for customer data, another for products, another for locations, and so forth. This gives you a single view of customers; however, it doesn’t offer a complete view, leading to confusion, errors, and lack of consistency in an organization’s master data. With a single domain system of customer data, you would need to integrate it with the product and services data domains. You might want to use financial or location data for a complete, holistic view of what that customer purchased, what services they used, and all the data about their behaviours and interactions with the company. A single-domain MDM approach puts up barriers to correlate information across multiple domains.

Master data management is more essential than ever. Every transaction in your organization relies on master data: products, customers, employees, suppliers, financial hierarchies, or reference data. Accurate and consistent master data streamlines your operational processes and increases the quality of your reporting and analysis. You need a system that simplifies multi-domain master data management by providing one way to manage, govern, and share all your master data. With multi-domain MDM, organizations can implement any domain needed into the organization using only one set of technologies.

We will achieve the below in this course:

• Introduction to Multidomain Master Data Management

• How to setup semarchy for free

• Customer Data Model

• Product Data Model

• Multidomain Data Model with customer and product

• Importing data

• Dashboards

• Creating Customer and prospect

• Add a new product

If you want to learn key concepts and capabilities of multidomain master data management solution, this is the course for you. We will build a complete solution with Semarchy . The principals used to build our semarchy multidomain MDM solution can be used with other MDM products as well if they offer standard OOTB functionalities like setting up screens, match and merge capabilities, workflows etc.

We will use free 7 day trial from Semarchy xDM to build our MDM solution. Please note this course focuses on building  multidomain MDM key capabilities which can be implemented in any standard MDM solution and not on teaching Semarchy basics, have got another course 'Introducing Semarchy xDM (MDM) for Beginners' for that.

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