Many organizations' employees still do not realize how important data quality can be. They think everything they need is to be provided regularly with data. Unfortunately, that's only half of the truth as data needs also to be of a high quality. What does it mean? It means timely, accurate, and reliable. However, it rarely is possible to ensure the high quality of data, therefore different software - including Oracle Master Data Management Suite for instance - is used.

Master Data Management Suite is used for ensuring high quality of data. In point of fact, Master Data Management Suite applications are used commonly for consolidating, cleansing, enriching, synchronizing, and sharing crucial data. Consisting of four different components, Oracle Master Data Management Suite seems one of the most complete solutions accessible in the market. With lots of included data models, the suite supports users with all tasks connected anyhow to master data.

Oracle Master Data Management Suite components

The Master Data Management Suite bases on hubs that are provided for each and every major master data dimension. Within such a hub, all the capabilities are included, what means:

• appropriate to the dimension data models
• data steward workbenches (help with consolidation managements in case of diversified data sources)
• data quality tools (appropriate to the type of considered master data)
• a set of governance tools for business users
• advanced application integration tools
• differentiated data maps to better answer analysis tools' requirements (data warehouses, dashboards, etc.).

Currently, there are four types of hubs available: Oracle Customer Hub, Oracle Supplier Hub, Oracle Product Hub, and Oracle Site Hub.

MDM Suite features and benefits

In a few points, Oracle Master Data Management Suite:

• facilitates business processes optimization,
• increases (application) ROI,
• makes ERP consolidation possible,
• facilitates the excess of data systems within the organization,
• provides all the usable Master Data Management capabilities,
• includes all charts and hierarchies.

New product introduction times reduced by over twenty percent, campaign response rates increased by fifteen percent, integration costs reduced by twenty percent, so on and so forth. Oracle praise its solution for many measurable benefits it helps gaining in practice. It also reminds the cases of more than a thousand of customers who have already tried the solution and have noticed the growths. However, how the Oracle Master Data Management Suite is going to work at your company, depends on plenty of other factors with proper implementation before all other.

Oracle Master Data Management Suite resources

• http://www.oracle.com/us/products/applications/master-data-management/master-data-management-ds-075053.pdf - the official data sheet by Oracle provides all the needed information about the Master Data Management Suite. The data sheet is full of details, thereupon it might not be the best option for the beginning, for the ones who want to know only the fundamentals. Unlike most of other data sheets, this one is suggested to advanced users, after all. Thereupon, only a few-sentence overview is provided, and - rightfully - followed with sufficient description of each component of the suite, and - next - the benefits. Even though the list of them is placed in the very beginning of the data sheet, the rest of article is its content related extension.
• http://completesoa.blogspot.com/2009/08/oracle-master-data-management-suite.html - there is a short article about the components (different hubs) of Oracle Master Data Management suite, each followed with the explanation about how it's connected with the service oriented architecture (SOA) which is the main topic of Completesoa blog. Even though the note doesn't overwhelm with the excess of information, it might be worth a while to check other articles published in the blog as the SOA question is somehow related to MDM, too.
• http://blogs.oracle.com/mdm/ - there is probably no better source of knowledge in the Internet. The official Oracle blog provides all the usable information about Master Data Management Suite and MDM as a whole. There, in numerous notes and articles, one can find everything he could consider useful. Well explained and described in an easily understandable way.