In the comments on the recent blog post about multidomain MDM (Master Data Management) it was discussed in what degree multidomain MDM is much more than CDI (Customer Data Integration) and PIM (Product Information Management).
While customer (or rather party) and product are important master entity types, there are of course a lot of other master entity types. The location domain is often mentioned as the third domain in MDM, and then there are some entity types most relevant for specific industries like an insurance policy or a vehicle in public transit, and in public transit we also have the calendar as an important master entity type.
For a realtor a real estate looks like a product of course. And it’s all about location, location, location.
Right now I’m working with the instant Data Quality framework. Here we are embracing the party domain by having access to external reference sources about individuals and companies, we are embracing the location domain by having access to external reference sources about addresses and then we are also embracing the real estate domain by having access to external reference sources about properties.
Real properties have addresses in many cases and are therefore close to the location domain. For some business processes it is a product with a product key like mentioned for realtors. For some business processes it is a security often identified by other keys than the postal address. It is related to different party roles like an occupier (or several) and an owner (or several) that may or may not be the same party (or parties).
What about you. Do you feel at home with the real estate entity type?