Pillar No. 4: Master Information Management
With an understanding of information governance and quality and the key role it plays in managing information assets in an enterprise, I now move on to another key capability master information management in enterprise information management. Master information management (MIM) is comprised of the core business entities such as products, materials, cost centers, chart of accounts, customers, suppliers, business partners, employees, and geographic locations. MIM represents the high value information an enterprise uses repeatedly across numerous business processes, across multiple business units, and provides decisiveness to business processes.