Master Data Management to Grow in 2012
January 11, 2012
The search is on for better organized and accessible product data. Some companies are turning to Master Data Management (MDM) for the solution. “Gartner Says Master Data Management Software Revenue to Grow 21 Percent This Year” with revenues reaching $1.9 billion in 2012 and $3.2 billion by 2015.
MDM focuses on both customer and product data. For customers, MDM allows companies to cross-promote, retain current client bases and provide high-quality customer service. As for product data, it provides organized master data, metadata, or both. Gartner research director, Colleen Graham, says that MDM is necessary to deal with the likes of social data and data in the cloud.
“The increased demand for more effective decision-making and a focus on improving the timeliness and accuracy of business decisions makes MDM paramount for organsations,” said Graham. “MDM supports these goals by ensuring the high quality of key data needed at the point of decision, removing uncertainly and increasing confidence.”
Companies should not stop at MDM. They should look beyond and if they do, they will find that Inforbix goes a step further by using semantic technology to find and infer relationships between disparate sources of structured and unstructured product data. This allows users to find, locate and access data quickly which gives manufacturers the organized and accessible product data they are looking for.
Jennifer Wensink, January 11, 2012
Comments
3 Responses to “Master Data Management to Grow in 2012”
-
- Subscribe to Beyond Search
Feature archive
News archive
-
Looking beyond should also include Alcove9 LLC.
Alcove9 LLC is a leading provider of advanced search solutions designed specifically to meet the product data accessibility needs of engineering and manufacturing in all industry sectors and based on an open source platform.
The Alcove9 development team has over 150 years of combined experience in CAD/CAM, PLM, ERP, and ECM. This team has a proven record of accomplishment developing software and embedding state-of-the-art search technologies in OEM software, such as MatrixOne, Autodesk software and OpenText.
The Alcove9 solution is the result of rebranding proven software in use since 2005. It has helped over 100 companies and more than 120,000 users to resolve the daily challenges of product data accessibility for timely decision-making.
[…] 12.01.2012: MDM revenues will reach nearly $ 2 billion in 2012…. . http://arnoldit.com/wordpress/2012/01/11/master-data-management-to-grow-in-2012/ […]
[…] Master Data Management to Grow in 2012 (arnoldit.com) […]