The core business processes in life sciences and chemical industry are closely related to master data. Complete, well-maintained and optimally coordinated material, customer, supplier and financial master data make companies more efficient and successful. Conversely, silos and poor data quality can lead to financial losses and slow down a digital transformation.

msg industry advisors support you in successfully setting up and managing efficient master data management (MDM). We help you improve data quality, facilitate data exchange and jointly create the basis for advanced data analytics and AI applications.

In the life sciences and chemical industries, precise management of master data across the entire product life cycle is crucial, especially with regard to regulatory requirements. Companies must ensure that their master data is accurate, consistent and complete across all locations and companies. Within large, complex organizations or following mergers and acquisitions, differing systems use varying terminologies to manage, search and communicate master data. An MDM tailored to industry requirements strengthens adherence to cGxP compliance standards, minimizes risks and ensures data integrity throughout the entire product lifecycle.

Improved and more accessible master data simplifies and accelerates processes, leading to more informed decisions through data-driven analyses. At the same time, companies are better prepared to share information with other departments, authorities or external partners, such as CROs and CMOs.

msg industry advisors accompany you in the development and operationalization of your master data strategy. Together, we identify relevant stakeholders and use our compliance expertise to provide solutions to questions on governance, ownership, regulation and the design of DQM processes.

Optimize the quality of your master data and lay the foundation
for better compliance, more efficient processes
and the use of data analytics.