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What is master data management and data governance?

Master Data Management includes processes from the creation of master data thru to its disposal . Data Governance creates the rules and adjudication of the operational processes that are executed within those processes. Therefore, Data Governance does not sit as a separate process, according to Cerwin.

What is enterprise governance risk and compliance?

Governance, Risk and Compliance, or GRC for short, refers to a company's coordinated strategy for managing the broad issues of corporate governance, enterprise risk management (ERM) and corporate compliance with regard to regulatory requirements.

What is enterprise data management strategy?

An enterprise data strategy is the comprehensive vision and road map for an organization’s potential to harness data-dependent capabilities. It represents the umbrella for all domain-specific strategies, such as master data management, business intelligence, big data and so forth.

What are the advantages of Enterprise?

One of the most important advantages of the free-enterprise system is the flexibility of the economy. In a free-enterprise system, workers can change careers and start up new businesses whenever they please. Individuals can attempt to launch new ventures in order to capture untapped markets and meet new demands as they arise.

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