Courtesy of Edward Clark of Ontrack Data Recovery

Data integration software provider, Informatica, has offered tips for businesses that want to reduce costs using master data management (MDM).

MDM is the use of tools to organise master data, which is any information that is crucial to the running of the business, for example, employee or customer details.

The company suggests that businesses should reduce superfluous data acquisition, such as when a department sources information that has already been obtained by another part of the firm.

MDM can automatically avoid duplicate acquisitions when it is integrated directly into the system.

Data clean-up costs can be reduced by cleansing all information at once across the system of MDM rather than carrying it out individually, application by application.

Integration is key to the success of MDM as it streamlines processes that makes sure that unnecessary tasks are not carried out, which in turn reduces costs.

"Multi-domain MDM ensures that business-critical data is reliable and related before it is consumed by internal or external business processes, applications and users making IT more efficient," said Keith Jaslow, principal technical consultant at Informatica.

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