MDM Software Guide
If you are looking to implement a new Master Data Management platform, why not take a look at our MDM Software Guide? The Longlist provides our curated viewpoint on the key Master Data Management Software vendors that we believe you need to look at as part of your MDM software market assessment.
From Informatica to Reltio, and from SAP to Syndigo, the report features ten MDM software providers that will get you started on your Master Data Management market assessment. Add more or choose less, but we hope it is a great starting point for your initial vendor selection plans.
Master Data Management?
Master Data Management, or MDM for short, involves the creation of a single master record across a company's applications and data sources. Giving a single version of the truth for a specific category within the business. This may include products, people, locations, and much more.
Master Data Management Software is a category of business application software that handles the creation of a master, through functions such as matching, de-duplication, and enrichment. MDM software is deployed in many of the largest and most complicated global businesses to enable them to run their businesses in a more structured way.
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Master Data Management
There are a number of established and leading Master Data Management Software vendors in the market. The MDM area has been in existence for a number of years and therefore, like most technology categories, the Master Data Management arena has a number of technology options available to customers. As detailed in our MDM Software Guide, the market is mature and consists of industry heavyweights including Informatica, SAP, IBM, and others.
There has been a recent move to build 'cloud native' MDM software and this is a critical path for most of the Master Data Management contenders. Another key feature is 'multi-domain MDM' - which is about being able to master data across multiple different domains - e.g. people, products, places, etc.
The Master Data Management Software category, like others, sees new software vendors enter and exit over time. Watch out for vendors that are focused on specific domains where there may be a benefit in focusing.