Reference Data Management (RDM) is a form of data integration, it entails control and maintenance of defined domain values, definitions, and the relationships within and across domain values. The goal of Reference Data Management is to ensure values are consistent and current across different functions and that the data is accessible to the organization. Like other data, Reference Data requires Metadata. An important Metadata attribute for Reference Data includes its source. For example, the governing body for industry standard Reference Data.
Reference Data Management (RDM) is the discipline of managing relatively stable, standardized data sets—such as classifications, hierarchies, and coded values—used to classify and characterize other data within an organization. RDM provides centralized governance, processes, and technologies to ensure the accuracy, consistency, and controlled dissemination of reference data across enterprise systems, applications, and analytical platforms.
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Source | Data Management Body of Knowledge 2nd Edition (DMBoK2) |
Publisher | DAMA |