Top Master Data Management Software in 2021
We belong to an era where data influences almost all operations of a business. CEOs (Chief of Executive Officers) and managers of companies will need accurate real-time results of their company performance to make decisions on investment. However, data inaccuracy has led to negative implication in a company’s decision-making abilities, retarding its growth. Inconsistent data and data replication has become a lead anomaly that has made companies shift to Master Data Management (MDM).
What is master data management?
It is the process of creating a single master record for all critical business data sources. It reduces duplication of records and therefore makes business operations less redundant. MDM in business refers to a variety of solutions, services, and standards that assist businesses in managing their master data. Customers, products, financial transactions, suppliers, and other confidential and critical business data are included in master data.
This article will explore top Master Data Management Software in 2021. But what is MDM software? It is software that helps manage master data by removing duplicate records, standardizing data, eliminating erroneous records from entering the system, all to create an authoritative source of master data.
Best MDM software in 2021
Segment
It works by collecting user events from a range of platforms like websites and mobile applications. The software can filter redundant work and also maintain pipelines, and manage data quality. The application is categorical of benefits to a company that relies on cloud services to run their business.
Sales layer
It is a SaaS-based product information management (PIM) that provides agile solutions. Its primary purpose is to resolve issues of complexity in product information fields. It works BY creating a cloud-hosted database of shareable, secure, and management catalog information. Who should use the software? The software can be used by retailers, manufacturers, distributors, or brands from diverse industries as long as a large amount of product data is involved.
ZEMA
It is a data management platform for data aggregation, validation, automation, and integration. A developer of ZEMA helps automate the complex business processes of collection, transformation, and integrating data for organizations within the energy, agriculture, commodities finance, and even insurance market domains.
Boomi
It serves members from mid-market to large enterprise organizations. The software has an intuitive interface that will quickly and easily unite everyone or everything from diverse platforms to digital ecosystems.
Data fabric
It is a data management platform with visual modeling, integrated workflows, full-text search, and more. It serves all sizes of companies, from fortunes to startups.
Pimcore
It is an open-source software, but it is not suitable for small companies. Its primary purpose is to help companies solve digital transformation challenges by consolidating and managing large amounts of data. Centralization of data with Pimcore is fast and easy. What encourages most is that it is open-source, and therefore you are free to use it without necessarily applying for a license.
Informatica MDM
It is a data management solution for banking, retails, health care, insurance, and any industry, with analytics and visual exploration as a core task. Informatica MDM also offers a free trial before purchase.
SAS Data Management
It is a cloud-based data management software that helps professionals manage business processes with access management, debugging, audit trail, and processing. Worth noting, SAS does not offer a free trial.
Oracle Enterprise Data Management Cloud
Oracle Enterprise Data Management Cloud provides a unified platform for managing enterprise data while ensuring data integrity and enterprise application alignment.
