Differences in an off-the-shelf model, a buildable model and a dynamic model, when buying MDM solution from a vendor. #AbhiSrivastava, #MDM, #MDMDataModel
Master Data Management (MDM) is a lot about data modelling. When you buy a MDM tool it will have some implications for your data model. Here are three kinds of data models that may come with a tool:
An off-the-shelf model
This kind is particularly popular with customer and other party master data models. Core party data are pretty much the same to every company. We have national identification numbers, names, addresses, phone numbers and that kind of stuff where you do not have to reinvent the wheel.
Also, you will have access to rich reference data with a model such as address directories (which you may regard as belonging to a separate location domain), business directories (as for example the Dun & Bradstreet Worldbase) and in some countries citizen directories as well. MDM tools may come with a model shaped for these sources.
Tools which are optimized for data…
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