Data’s single version of “truth” is often missing in companies. It is almost fated that different versions of information about a company exist causing major inefficacies throughout departments. By applying Master Data Management, you will explore a set of processes, used through a collaboration of business and IT professionals, to centrally manage and evaluate, identify, store, share and distribute data or information within a firm. These technology-enabled set of processes will be analyzed by industry and companies to gain knowledge in establishing uniformity, accuracy, stewardship, and accountability of the organization’s shared data elements.