What is master data governance in SAP CA-MDG - Master Data Governance?

SAP Term: master data governance

• Component: CA-MDG

• Component Name: Master Data Governance

• Description: The practice of designing policies and implementing role-based processes to manage the lifecycle of master data, to maintain highly accurate and reliable master data for use in operations and analysis.

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• Key Concepts: 
  Master Data Governance (MDG) is a component of SAP software that helps organizations manage their master data. Master data is the core data that is used to define an organization’s business processes, such as customer and product information. MDG helps organizations ensure that their master data is accurate, consistent, and up-to-date. It also helps organizations maintain compliance with regulatory requirements. 
  
  How to use it: 
  MDG can be used to create, maintain, and delete master data records. It also provides tools for managing the approval process for changes to master data records. Additionally, MDG provides a central repository for storing master data records and allows users to access them from multiple systems. 
  
  Tips & Tricks: 
  When using MDG, it is important to ensure that all users have the correct permissions to access and modify master data records. Additionally, it is important to regularly review the master data records to ensure accuracy and compliance with regulatory requirements. 
  
  Related Information: 
  MDG is part of the SAP Customer Relationship Management (CRM) suite of products. It can be used in conjunction with other components of the CRM suite, such as SAP Customer Data Cloud (CDC) and SAP Marketing Cloud (MC). Additionally, MDG can be integrated with other SAP products, such as SAP ERP and SAP HANA.