There are many reasons why understanding the four main Master Data Domains might be a good idea for your business. Maybe you’re looking to keep better track of your customers and their information. Or, you might want to be able to quickly and easily locate a product in your inventory.

Whatever the reason, understanding the benefits of master data management can help your business run much smoother.

What is a Master Domain?

A master domain is a collection of critical data elements essential to your business. This data is often used across multiple departments and systems, so it needs to be accurate and up-to-date.…