1. To synchronize data across several platforms
Business information is generally stored in multiple silos in most firms without Master Data Management, with each department or business unit managing its own data. Data is sometimes provided in numerous forms. As a result, redundancy is almost inescapable. MDM excels in this area by bringing together data from several platforms, including online, physical, cloud, and other locations. Users will no longer have to sift through data from numerous sources to compile reports since everything will be provided in a single unified perspective with details and total coherence.