Asset Master Data Management: Ensuring Accuracy and Consistency in Industrial Operations

Registration ID: IJNRD_300300

Published ID: IJNRD2409096

: https://doi.org/10.5281/zenodo.13771045

Abhinav Parashar, Neepakumari Gameti

Asset, Data Management, Master Data Management, Styles Implementation, Challenges, Benefit

The problems of data quality are topical nowadays, and the tendencies of growing amounts of data bring certain challenges to data management strategies. Also, technical tools of today allow for data that is more than most firms can administrate and different business solutions can result in increased data density. Master data management is truly experiencing globalisation at an exponential rate because its relevance or a link to the results or income does not have a direct connection to the operation of an organisation. In the contemporary world that is characterised by stiff economy competition, proper management of master data is crucial to making right strategic decisions and management of an organisation for efficient functioning. This paper aims at studying the topic of Master Data Management (MDM) taking into account the enhancement of dependability, consistency and quality of numerous fields of activity. Focusing on a single scheme of Master Data Management and the integration of various data sources, it describes MDM frameworks and implementation methods. The study reviews different types of MDM solutions—operational, analytic, and enterprise—and discusses key phases and approaches for successful MDM implementation. Furthermore, it investigates current research trends and gaps in MDM literature, highlighting the need for adaptive and scalable MDM architectures tailored to evolving organizational needs

Published Paper   E-Certificate

Abhinav Parashar & Neepakumari Gameti (September-2024). Asset Master Data Management: Ensuring Accuracy and Consistency in Industrial Operations . INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(9), a861-a867. https://doi.org/10.5281/zenodo.13771045

Volume 9 Issue 9, September-2024

Pages : a861-a867

Paper Reg. ID: IJNRD_300300

Published Paper Id: IJNRD2409096

Downloads: 000122256

Research Area: Science and Technology

Author Type: Indian Author

Country: Gwalior, MP, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2409096.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2409096

Crossref DOI: https://doi.org/10.5281/zenodo.13771045

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