Master Data Governance (MDG) is a set of processes, policies, and tools used to manage an organization’s master data in a consistent and controlled manner. Master data refers to the foundational and critical business information shared across an organization, such as customer data, product information, employee details, and more. Effective master data governance ensures data quality, accuracy, and consistency, which is essential for making informed business decisions and maintaining operational efficiency. Here are key aspects of Master Data Governance.