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Master Data Management is a data governance discipline under which people, processes, and technologies are aligned to introduce and maintain a unified, accurate, and consistent view of data assets across an organization. By establishing an enterprise-wide single source of truth, MDM helps organizations break down data silos and power reliable data sharing across departments and geographies. This unified view of the organization’s data empowers stakeholders at every level by giving them better trust in their data across multiple domains, including products, customers, and securities. MDM also reduces the amount of time organizations spend manually identifying, reconciling, and remediating data issues, freeing up data teams and other valuable resources to focus on insight and innovation.
Inefficiencies in or an outright lack of Master Data Management can have far-reaching negative consequences for an enterprise, including cost leakage, incomplete or erroneous records, and oversights in mission-critical business intelligence. Unfortunately, costly, rigid, and unscalable legacy MDM systems are often a major blocker for organizations, whose MDM initiatives are quickly sidelined as they struggle to integrate MDM platforms with their existing systems, databases, or applications. The limitations of these programs also introduce hidden costs into data governance processes, often requiring extensive workarounds and manual interventions that snowball into additional infrastructure investments and strain data team resources.
Hakkoda’s Rainfall MDM is a master data management and data governance enablement utility that leverages Snowpark’s machine learning engine to modularly enable data profiling, rule management, and exploration management all within a Snowflake environment. Rainfall MDM enables governance stewards with circular data management of quality, observability, exploration, and stewardship while automating anomaly detection, deduplication, rule application, and profiling features to streamline data and metadata management.
Other benefits of Rainfall MDM Include:
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