What is the difference between MDM and a golden record?
The golden record is the output. MDM is the discipline that produces it. A golden record is the single, authoritative row for one real-world entity. MDM is the broader practice of survivorship rules, hierarchy management, versioning, and lineage that keeps that row authoritative over time as systems write new values at it.
Is a CRM the same as a Master Data Management system?
No. A CRM is the system of record for sales activity, pipeline, and customer interaction. An MDM system is the authoritative source for the entity itself across every operational system in the business. In many revenue orgs the CRM holds the master for the account entity, but an enterprise with ERP, billing, and marketing systems writing at the same record usually needs a dedicated MDM layer above the CRM.
What are survivorship rules in MDM?
Survivorship rules decide which value wins when two systems hold different data for the same field on the same entity. Most recent write wins is the simplest rule. More mature programs score each source system, trust billing for address, trust CRM for owner, trust an enrichment vendor for industry code, and let the highest-trust source win at the field level, not the record level.
What entities does MDM typically govern?
Accounts, contacts, products, locations, and employees are the usual master entities. Some programs also master suppliers, assets, and chart-of-accounts codes. Transactional data, orders, invoices, support tickets, pipeline, is downstream of master data and is not what an MDM program manages directly.
What are the main MDM tools on the market?
The traditional enterprise MDM market centers on Informatica MDM, Reltio, and Semarchy, with IBM and SAP in adjacent lanes. These platforms assume a dedicated program, a team of data stewards, and a multi-system footprint. Growth-stage companies usually get further by applying the MDM pattern inside their CRM data model than by standing up a separate platform.
What size company needs a formal MDM program?
A dedicated MDM platform usually makes sense once a company has dozens of operational systems writing at the same customer entity, a governance mandate from finance or compliance, and the headcount to staff data stewardship. Below that threshold the discipline still matters, but the right place to apply it is the CRM data model, not a seven-figure separate platform.
Does Strkr provide Master Data Management?
Strkr applies the MDM pattern to accounts, contacts, and products inside the CRM. One authoritative record per entity on one tenant data model, with versioning, parent-child hierarchy, survivorship on enrichment and merge, and lineage on every field write. Companies that need to master the same entity across a dozen operational systems still want a dedicated MDM platform, and Strkr feeds that platform cleanly.
How does MDM relate to data governance?
Data governance is the policy layer. It defines who owns each master entity, which systems may write which fields, how often stewardship reviews run, and who signs off on a hierarchy restatement. MDM is the execution layer that enforces those policies on the record. A program that stands up MDM tooling without a governance charter stalls inside the first year.