Info-Tech Research Group's latest Master Data Management
(MDM) Impact Report, powered by SoftwareReviews data, showcases the
leading tools empowering organizations with enhanced
decision-making capabilities to navigate today's evolving market
dynamics.
TORONTO, ON, May 21, 2024 /PRNewswire/ - Info-Tech
Research Group has published the 2024 Master Data Management (MDM)
Data Quadrant Report, powered by SoftwareReviews data.
SoftwareReviews is a division of the global research and advisory
firm and a leading source for insights on the software
provider landscape. The firm's report names six data
management software providers as Gold Medalists for the year.
Master data management (MDM) centralizes the creation of a
single, authoritative source of truth for master and reference
data, known as "the golden record." By ensuring that all
operational and downstream business intelligence solutions
reference this master record, organizations can achieve improved
data accuracy, streamlined processes, and enhanced decision-making
capabilities.
Adopting MDM is crucial for organizations seeking to maintain
data integrity and efficiency. Without it, companies risk facing
data inconsistencies, operational inefficiencies, and compromised
business insights, which can lead to significant challenges in
maintaining a competitive edge and achieving strategic goals.
For organizations seeking the ideal MDM software solution that
is best aligned with their specific requirements, SoftwareReviews'
report spotlights the leading providers for the year. This
recognition is based on authentic feedback from 528 users and
SoftwareReviews' Data Quadrant assessment.
The 2024 Master Data Management (MDM)
Software Gold Medalists are as follows:
- PiLog MDRM, 9.3 CX, ranked high for aggregational hierarchies'
management.
- Semarchy xDM, 8.3 CX, ranked high for availability and quality
of training.
- Boomi, 8.2 CX, ranked high for record management.
- Informatica Master Data Management, 8.2 CX, ranked high for
reference data management.
- Viamedici EPIM, 8.2 CX, ranked high for entity
deduplication.
- ChainSys Smart Data Platform, 8.1 CX, ranked high for
multi-domain mastering.
Analyst Insight:
"Master data management puts organizations in a better
position to use their data to its fullest potential," says
Info-Tech advisory practice lead Kevin
Tucker. "Companies can improve operational efficiency and
drive more informed and strategic decision-making by establishing a
single source of truth. On the flip side, failure to implement MDM
can result in fragmented data, which in turn can stall
decision-making and cause expensive mistakes and lost
opportunities."
User assessments of software categories on SoftwareReviews
provide an accurate and detailed view of the constantly changing
market. The firm's reports are informed by data from users and IT
professionals who have intimate experience with the software
throughout the procurement, implementation, and maintenance
processes.
For more information about Info-Tech's SoftwareReviews, the Data
Quadrant, or the Emotional footprint, or to access resources to
support the software selection process, visit
softwarereviews.com.
About SoftwareReviews
SoftwareReviews is a division of Info-Tech Research Group,
a world-class technology research and advisory firm.
SoftwareReviews empowers organizations with the best data,
insights, and advice to improve the software buying and selling
experience.
For buyers, SoftwareReviews' proven software selection
methodologies, customer insights, and technology advisors help
maximize success with technology decisions. For providers, the firm
helps build more effective marketing, product, and sales processes
with expert analysts, how-to research, customer-centric marketing
content, and comprehensive analysis of the buyer landscape.
Media professionals can register for unrestricted access to
research across IT, HR, and software and hundreds of industry
analysts through the firm's Media Insiders program. To gain access,
contact pr@infotech.com.
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