Now a days I am experimenting about the Master Data Management(MDM). Which is a hot topic now a days.
What is MDM?
MDM has the objective of providing process for collecting, Aggregating, matching, consolidating, quality-assuring, persisting and distributing the data throughout the organisation to ensure consistancy and control in the ongoing maintenance and application use of this information(Wikipedia).
Advanteges of using MDM
* There will not be any redundancy of data across the organisation.
* The problem with quality and consistency in data will be removed. so that there will not be any issues with reconciling the data.