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Top 5 Master Data Management Frameworks
Master Data Management or MDM is not a new object. However, just like other traditional IT practices, even MDM is severely tested –or rendered more strategic – by rising and digitalization of the data volumes. Master Data Management provides the framework for the IT managers and businesses to come and work together and ensure accuracy, accountability, and uniformity for their organization’s important data assets, like customer, financial and sales records. Microsoft master data services will bring together a wide range of the technologies to create as well as maintain the single “record” of such data.
When you have the framework, you may aggregate your data, and standardize this and match the values. You may link and synchronize the records for aligning user and app data with the master set. The data quality tools will support the MDM frameworks just by normalizing and cleansing data or removing any duplicate values and errors.
With every passing day, this becomes really tough for the organizations to keep their customers totally engaged with a brand for long term or empower business procedures. Data is an efficient and reliable way of staying updated about the customers changing needs and gaps in the internal workflows. The advanced MDM tools not just manage the structured and unstructured, operational or analytical business data, however, allow the organizations with actionable insights, which help to make the best business decisions.
With the MDM platform, companies will store and manage the employee data, customer data, reference data, location data, vendor data, supplier data, and more. This blog post can help you to choose the highly suitable MDM framework for the organization just by analyzing features or benefits that are offered by various Microsoft master data services.
Pimcore MDM
Pimcore is the most advanced digital platform as well as has got robust MDM capabilities. This allows the organizations to manage customer, data, product data, asset data, employee data, vendor and supplier data, location data, partner data, reference data, and related information. Pimcore MDM is one open-source platform as well as available without any licensing fee. Pimcore allows businesses to store all the analytical and operational data in one single place. The skilled Pimcore developers will help you manage the organizational data in one place and allow business with a holistic view of the structured and unstructured data.
Orchestra Networks EBX
This MDM framework offers a wide range of solutions that will help the organizations to manage the data assets by the EBX platform. EBX platform covers the multi-domain MDM, data governance, reference data management, taxonomy management, and hierarchy management. Orchestra’s MDM service emphasizes flexibility, as well as includes some features of the NoSQL & graph databases. This runs on multiple platforms as well as is appropriate for large enterprises.
Informatica MDM
Being the primary vendors of the master data management framework, Informatica counts the world’s biggest companies among the customers. They offer end-to-end service that will be deployed on the premise or cloud, and this incorporates the advanced AI capabilities in their products. Also, it provides accurate, trusted and complete data for the digital transformation. This data helps the organizations in the omnichannel retailing, supply chain optimization, customer experience programs, compliance initiatives, sales & marketing operations, and much more.
Related
Reltio is the cloud-based and multi-domain Master Data Management solution. This supports both the structured and the unstructured data as well as provides the most scalable solution, which will meet the requirements of the smaller organizations or enterprises. Relto’s data management platform includes machine learning abilities for the custom and queries, and data-driven apps. They provide reference data management, workflow management as well as the ability to create the data-driven apps, and MDM capabilities with Microsoft master data services.
Ataccama
Ataccama has a collaborative data formation platform that includes the solutions in data profiling or catalog, data quality, and governance and MDM. the MDM solution supports various domains, hierarchy management, reference data management, and much more. It is the data curation platform as well as provides the right solutions for data quality or governance, MDM, and data catalog and profiling.
Conclusion
Well, there’re a lot of MDM frameworks available in this market. Thus, making the best choice will be tough for you. If you search for more options, it will be more confusion. Each Master data management solution has got different functionality and features to manage multi-domain data.
About the Author: Pierre Zarokian is the CEO of Submit Express, an SEO Company, and Reputation Stars, a Reputation Management company. Zarokian also writes for Search Engine Journal publication and has spoken at many industry trade shows.
