What is Master Data Governance (MDG)?

What does Master Data Governance mean?

Master Data Governance (MDG) refers to the processes, policies, and technologies used to ensure that core business data—such as materials, suppliers, equipment, and customers—is accurate, consistent, and reliable across all enterprise systems.

Without effective MDG, organizations risk data duplication, reporting errors, compliance violations, and costly inefficiencies. MDG establishes a framework that:

Defines ownership and accountability for master data
Standardizes rules for data creation and maintenance
Ensures compliance with industry and regulatory requirements
Provides visibility and auditability of changes to master data

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Why is Master Data Governance important?

High-quality master data is essential for successful digital transformation and operational excellence. Effective MDG provides:

Reliable data for ERP, EAM, and procurement systems
Reduced risk of errors in supply chain and finance operations
Better compliance with international standards such as ISO 8000
Improved decision-making through trusted, business-ready information

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How Sharecat supports Master Data Governance

Sharecat Data Services helps organizations establish and enforce Master Data Governance by combining industry expertise with advanced data management tools. We specialize in:

Cleansing and harmonizing master data across multiple systems
Aligning records with Reference Data Libraries (RDL) and global standards
Setting up governance frameworks for materials, suppliers, and equipment
Enabling sustainable improvements in Data Quality Management and MRO Data

This ensures that master data is accurate, trusted, and consistently applied across projects and operations.

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Glossary

What is Master Data Governance (MDG)?

What does Master Data Governance mean?

Why is Master Data Governance important?

How Sharecat supports Master Data Governance