Sap MDM Online Training
Master data management (MDM) is the process of maintaining and creating a single master record or single source of truth for each person, place, and thing in a business. Along MDM, organizations gain a trusted, current view of key data that can be shared across the business and utilizing for better reporting, decision-making, and process efficiency. Master data is the data which is mission-critical to the running of a business. Master data is generally just a small percentage of all business data, but it is some of the most composite and valuable data in an organization.
Why is Master Data Management (MDM) so important?
Reduced errors and redundancies in data across multiple applications. If the same
information, is entered by different teams in an inconsistent way, MDM will merge
and reconcile the duplication.
Better analytics insights and data-driven decisions. The saying “garbage in, garbage
out” holds true here. If the data being analyzed is not accurate, then the results will
not be either.
Streamlined business processes and greater efficiency. High-quality, consistent
master data can be utilized to speed up and automate end-to-end business scenarios
like lead to cash, source to pay, and design to operate.
Improved transparency and compliance with data privacy and other regulations. The
GDPR, for example, gives people more control over how their information is
collected, managed, and shared.
Support for mergers and acquisitions with a streamlined process for merging and
reconciling multiple data assets.
No prior knowledge required, but if you have basic knowledge of database technology,
especially relational databases, and SQL query language it is an advantage.
The SAP MDM online certification course trained by expert professionals provides wide
range of job opportunities owing its efficiency in handling master data. The leading
companies hire SAP MDM consultants to manage data integrity effectively.
The following are the job titles:
MDM Import Manager
Highest salary that an SAP MDM Consultant can earn is ₹12.1 Lakhs per annum.
Average salary for an SAP MDM Consultant in India is 5 Lakhs per annum.
An Entry Level SAP MDM Consultant with less than three years of experience earns
an average salary of ₹3.5 Lakhs per year. A mid-career SAP MDM Consultant with 4-9
years of experience earns an average salary of ₹6.3 Lakhs per year, while an
experienced SAP MDM Consultant with 10-20 years of experience earns an average
salary of ₹10.8 Lakhs per year.
Advantage Of SAP MDM:
SAP Master Data Management enables you to manage your master data and related rich
content — including merchandising text, PDF documents, high-resolution images, and
diagrams — in a central repository.
Working across heterogeneous systems at disparate locations, SAP Master Data
Management ensures cross-system data consistency through interactive distribution.