The main difference between master data management and metadata management is that master data management is the process of linking all the critical data into a common reference point while metadata management is the process of administrating the data that describes other data.
Data is important for every business organization. The senior managers and business analysts use this data to analyse the business and to make business insights. Master data management and metadata management are two types of such data management methods
Key Areas Covered
1. What is Master Data Management
– Definition, Functionality
2. What is Metadata Management
– Definition, Functionality
3. Difference Between Master Data Management and Metadata Management
– Comparison of Key Differences
Key Terms
Master Data Management, Meta Data Management
What is Master Data Management
Master data management (MDM) is a method of linking all the important and critical data to a common point of reference, improving the quality of the data to a great extent. Moreover, it is possible to apply it to any computing architecture, platform or application. Usually, master data management is useful for large enterprises than small to medium scale organizations.
An organization has multiple departments; it is useful to link them all to a single reference point rather than keeping the data in separate departments. It improves consistent use and reuse of data. However, merging of data can be challenging as different departments use different tools and technologies. There can also be issues such as data duplication, incomplete data and data with errors. Therefore, as an alternative to this issue, master data managers use a reliable data dictionary across multiple systems. Furthermore, it is also necessary to update the master data.
What is Metadata Management
Metadata management is the process of handling data that describes other data. Also, it involves tasks such as establishing policies, processes to ensure data integration, accessing, sharing, linking, analyzing and maintaining. Generally, metadata can be generated when creating, acquiring, adding, deleting or updating data. For example, assume Microsoft Word application. It provides documents metadata such as file size, date of creating the document and data of modifications.
Metadata management helps to find a particular data asset. It includes creating a metadata repository, adding data to that repository and using that data. Moreover, it minimizes the redundancy of effort and improves data consistency. Also, this allows using data as required. Furthermore, it is not compulsory to maintain the information under one specific employee.
Difference Between Master Data Management and Meta Data Management
Definition
Master data management is a method used to define and manage the critical data of an organization to provides a single point of reference while metadata management is the process of managing other data, which is referred to as content data. Thus, this explains the main difference between master data management and metadata management.
Occurrence
Moreover, master data management occurs at an enterprise level whereas metadata management occurs at the application level. Hence, this is another difference between master data management and metadata management.
Conclusion
In brief, master data and metadata management are two methods of managing data effectively. The main difference between master data management and metadata management is that master data management is the process of linking all the critical data into a common reference point while metadata management is the process of administrating the data that describes other data.
References:
1.“What Is Master Data Management (MDM)? – Definition from WhatIs.com.” SearchDataManagement, Available here.
2.“Master Data Management.” Wikipedia, Wikimedia Foundation, 21 Feb. 2019, Available here.
3.“What Is Metadata Management? – Definition from WhatIs.com.” WhatIs.com, Available here.
4.“Metadata Management.” Wikipedia, Wikimedia Foundation, 15 Apr. 2019, Available here.
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1.”2453751″ via Pixabay
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