Master Data Management: Unifying Corporate Data Assets for a Single Source of Truth
- Gauri Kale
- May 23, 2024
- 2 min read
Master Data Management (MDM) is a corporate data asset view solution that determines and matches the enriched data to master data from many sources, thereby retrieving a single view of the enriched data. Consistent data sets of people, processes, products, customers, suppliers, locations, and business entities from other IT systems are included in this master data. MDM gathers distinct data linked to business and data engineered to produce answers to business queries, as well as cleans and enhances data sets ranging from unstructured to structured data sets into master data.
The Master Data Management market research from Quadrant Knowledge Solutions comprises a thorough examination of the worldwide market with respect to chances for both short- and long-term growth, as well as market and developing technological trends and future prospects. Together with a thorough market forecast analysis of the worldwide industry, the study also offers information on the overall market adoption rate. Technology vendors can utilize this research's strategic information to better understand the current market and support their growth strategies, and users can assess the capabilities, competitive advantages, and market positions of various vendors.
In-depth analyses of the competitors and vendor evaluations using the exclusive SPARK Matrix analysis are included in the research. Ataccama, Contentserv, IBM, Informatica, Magnitude Software, PiLog, Profisee, Prospecta Software, Reltio, Riversand, SAP, Semarchy, Stibo systems, Syniti, Tamr, TIBCO Software, Viamedici, and Winshuttle are among the top metadata management vendors with a global impact that are ranked and positioned in the SPARK Matrix.
Through the unification of data from multiple systems, apps, and technologies, Master Data Management (MDM) makes it possible to address important data problems like redundant data, inaccurate or outdated data, multiple versions of the same piece of information, inconsistent updating across the board, and more. MDM provides centralized master data with analytics, which helps businesses address these problems with data quality. Prominent providers provide features like customizable dashboards, AI-powered capabilities, integrability with several environments, adaptable templates that handle all formats and enable data syncing and distribution across all channels. The solutions preserve data integrity across several systems, including ERP, EPM, and others, and help organizations become more transparent and accurate.
Table of Contents
Executive Overview
Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
Competitive Overview and Analysis
Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Master Data Management
Vendor Profiles
Research Methodologies
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