During the MDM lifecycle, which activity involves reconciling and consolidating sources?

During the MDM lifecycle, which activity involves reconciling and consolidating sources?

• A. Establishing master data entities
• B. Provisioning access to trusted data
• C. Identifying improperly matched data
• D. Developing data analysis strategies

Answer: (A)

The activity of reconciling and consolidating sources is primarily associated with establishing master data entities. During this phase of the Master Data Management (MDM) lifecycle, organizations work to identify and define the core entities that represent critical business data. This involves gathering data from various sources, addressing discrepancies, and merging different records that refer to the same entity to form a comprehensive and consistent master record. Reconciliation ensures that all the data sources are aligned and that duplicate records are eliminated, which is crucial for maintaining data integrity. By establishing master data entities, organizations can create a single view of critical data points, making it easier to utilize this data effectively across different business processes and applications.

The activity of reconciling and consolidating sources is primarily associated with establishing master data entities. During this phase of the Master Data Management (MDM) lifecycle, organizations work to identify and define the core entities that represent critical business data. This involves gathering data from various sources, addressing discrepancies, and merging different records that refer to the same entity to form a comprehensive and consistent master record.

Reconciliation ensures that all the data sources are aligned and that duplicate records are eliminated, which is crucial for maintaining data integrity. By establishing master data entities, organizations can create a single view of critical data points, making it easier to utilize this data effectively across different business processes and applications.