Cloud-native multi-domain MDM is the future of data management to help businesses overcome data fragmentation
REDWOOD CITY, CA., March 2, 2022 /PRNewswire/ — Computer science® (NYSE:INFA), a leader in cloud-based enterprise data management, today announced cloud-native intelligent multi-domain master data management (MDM), designed to give customers insights they trust business-critical master data across all domains and assets. to enhance each function with intelligent data.
To succeed in the digital economy, businesses need fast, direct access to a trusted 360-degree view of the business. Yet the IDC InfoBrief, sponsored by Informatica, “Driving Business Value from Data in the Face of Fragmentation and Complexity”“, found that 32% of organizations used more than 1,000 data sources and almost 80% stored more than half of their data in hybrid and multi-cloud infrastructures. This highlights the challenge companies face with more data, of more types, spread across This growing fragmentation and complexity creates barriers to success for companies that must create hyper-personalized customer experiences, manage complex global supply chains, and innovate with their data.
“Digital commerce is a complex web of relationships and interdependencies between customers, products, partners, sites and other business entities,” said Stewart Bond, IDC Research Director. “Multi-domain master data management is a key enabler of analytical and operational processes across the entire enterprise value chain, from producer to consumer and all points in between.”
Traditional MDM solutions focus on single areas such as customer or finance, encouraging silos and creating further fragmentation as organizations create fragmented infrastructures with a plethora of point solutions. Now, with Informatica’s intelligent multi-domain MDM, organizations can connect, understand, and manage the relationship between multiple domains such as location, customer, product, or supplier, as well as assets, including devices or sensors. IoT. For example, in today’s fast-paced, always-on environment, retailers need to create hyper-personalized experiences and deliver customers the right offer, at exactly the right time, in the right format to delight customers and drive revenue. value for the company. With Intelligent Multi-Domain MDM, retailers are able to connect and manage domains such as location, customer, product and supplier to bring together a holistic view of the customer to deliver that unique experience and follow with connected customer service and relevant communications.
With multi-domain MDM, companies can take advantage of a single view of the business by bringing together all the different types of master data, across multiple domains, processes and assets in the intelligent data management cloud (IDMC). Organizations can manage all master data management related services from a single meeting and enjoy the following key benefits:
Increase revenue through increased adoption, productivity and agility. Built on a cloud-native microservices architecture with user-centric design principles and AI-powered automation Multi-domain MDM is designed to respond to users with intuitive interfaces, guided workflows, and workflow recommendations. machine learning to simplify the discovery, curation, and consumption of master data for analytical and operational use. This increases the democratization of data, reliably, across teams, enabling data stewards, analysts and analytics teams to leverage master data to drive more value, increase customer wallet share existing ones and build brand loyalty.
Accelerate deployment and reduce total cost of ownership (TCO) with a single solution. With the new multi-domain MDM, companies can deploy a new domain in weeks, not months, allowing them to keep up with the rapid pace of change. An all-in-one solution, it integrates all the data management functionality required for master data management practice with pre-configured domain and industry content to simplify implementation and administration. Powered by CLAIREInformatica’s AI engine, it can deliver a 50% increase in productivity by automating master data integration and identifying source fields and mapping them to master data models, enabling saving the company thousands of hours.
Accelerate business results and manage risk and compliance. Businesses can drive better business results with a closed-loop view of their data spanning all areas of the organization, including sales, service, marketing, billing, and after-sales support. It’s not just the customer-facing view that is transformed with multi-domain MDM, organizations can better understand vendors, financials, and operational details. For large companies with multiple subsidiaries or those in the process of merging, the ability to have a single, trusted view across multiple companies and all domains helps speed up integrations, improve compliance and reduce risk .
“Smart data is transforming industries, but complexity and fragmentation are creating barriers and holding back innovation. We’re seeing some organizations just shift the problem of fragmented data to a problem of fragmented infrastructure,” said Jitesh Ghai, Product Manager at Informatica. “Informatica’s cloud-native multi-domain MDM solves this problem by connecting the dots between valuable data across enterprise domains in a single, end-to-end solution, delivering the trusted holistic view businesses need to take smart decisions, fast.
Multi-domain MDM is available today through consumption-based pricing on the Intelligent Data Management cloudMTthe industry’s most complete, modern and holistic enterprise cloud data management platform, designed to help businesses truly innovate with their data on any platform, any cloud environment, multi -cloud or multi-hybrid and for all enterprise users, beyond IT.
Informatica (NYSE:INFA), a leader in enterprise cloud data management, enables enterprises to realize the transformative power of data. We pioneered a new category of software, the Informatica Intelligent Data Management Cloud™ (IDMC), powered by AI and an end-to-end, cloud-native, cloud-based data management platform that connects, manages and unifies data across any multi-cloud hybrid system, enabling enterprises to modernize and advance their data strategies. More than 5,000 customers in over 100 countries and 84 Fortune 100 customers trust Informatica to drive data-driven digital transformation.
The information provided here is subject to change without notice. Further, the development, release, and timing of any product or feature described today remains at the sole discretion of Informatica and should not be relied upon in making a purchasing decision, or as a representation, warranty, or a commitment to provide specific products or features. in the future.
Informatica Public Relations
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