What is Master Data Governance?

Master Data Governance (MDG) refers to the processes, technologies, and organizational structures that ensure the quality and consistency of an organization's master data. Master data is the core data that defines the key entities of a business, such as customers, products, suppliers, and financial accounts. MDG is commonly used to centralize the creation and maintenance of master data, enforce data quality rules, and provide a single, trusted source of truth for business operations and analytics. It helps improve data accuracy, reduce errors, and streamline business processes.