CDMP-RMD Exam Dumps : Reference And Master Data Management Exam

In a Consolidated style MDM (Master Data Management) approach, data from multiple source systems is integrated into a single consolidated repository. This consolidated repository acts as the authoritative source for master data, often referred to as the "system of record." The system of record maintains the most accurate, up-to-date, and comprehensive view of master data. Key traits of this approach include:

Centralization: All master data is centralized in one repository, which simplifies data management and governance.

Consistency: Ensures that all users and systems access the same consistent set of master data.

Data Quality: Enhances data quality through data cleansing, deduplication, and validation processes.

Single Source of Truth: Serves as the definitive source for master data, reducing discrepancies and inconsistencies across the organization.

References:

DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.

"Master Data Management and Data Governance" by Alex Berson and Larry Dubov.

Master Data Management (MDM) Harmonization ensures that the data changes of one application are synchronized with all other applications that depend on that data.

MDM Harmonization Definition:This process involves aligning and reconciling data from different sources to ensure consistency and accuracy across the enterprise.

Synchronization:Ensuring that changes in one application are reflected across all dependent applications prevents data inconsistencies and maintains data integrity.

References:

DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.

CDMP Study Guide

In the context of the Corporate Information Factory, understanding transactions involves integrating various types of data to get a comprehensive view. Master Data (core business entities), Reference Data (standardized information), and External Data (information sourced from outside the organization) are essential for providing context and enriching transactional data.

References:

DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 3: Data Architecture and Chapter 11: Reference and Master Data Management.

"Building the Data Warehouse" by W.H. Inmon, which introduces the Corporate Information Factory concept.