What Makes Informatica MDM Indifferent & Widely Recognizedby Sirisha Paladhi Content Writer
MDM stands for Master Data Management, Siperian company was specialized in MDM but company was acquired by Informatica and was integrated with Informatica suite of applications like Power Quality and Data Center. Now it is popularly recognized as Informatica MDM across the globe.
Informatica MDM Overview:
MDM is the effort made by a company to form a single master reference point of supply for all significant business data, leading to negligible errors and less repetition in business processes. MDM enables companies by revamping the quality of their product, asset, customer, supplier and channel or business partners data besides figuring out relationships among the data such as supplier operating from which location or which customer owns what product and more. MDM solves many organizational problems by offering a united architecture in creating quality data, manage multiple domains and delivers this data or information to business decision making professionals or processes. IT Businesses handle more and amounts of data from different sources in different formats and store this data in different storages. So, there may be a possibility for data redundancy and occurrence of errors in collecting data and it becomes difficult for a company to maintain fragmented, duplicative and inaccurate data. MDM resolves all these problems of an organization.
MDM empowers companies achieve their strategic business mandates in the following manner:
Single & Trusted View of Data: Informatica MDM enables companies to increase their operations with business-user access to reliable and consolidated business important data, though it scattered across the organization. This application dishes out true multi domain user MDM, enabling you with countless opportunities to start with any type of enterprise critical-data and sum up as many different domains as you like. This product provides extensive support for MDM requirements on one single platform, including data quality, profitability and data integration.
Benefit on Upsell & Cross-Sell Offers: MDM assembles business critical-data of products, contracts, customers, vendors, employees and channel partners distributed in the enterprise systems such as ERP, CRM and legacy systems. This helps companies to view the crux information of their services, customers, products and also the interactions and relationship while serving customers and vendors. This trusted view of information of customers and suppliers enable employees make better upsell and cross-sell opportunities, resulting in increased sales and marketing processes.
Enhance Employee Productivity: MDM helps you to automate unification of business critical-data disorganized in different storages in an organization and reduce the amount time spent in searching and integrating information. It provides the employee to cleanse, protect and enhance the most trustworthy data or information about customers into a single reference repository. Hence, employees can now focus more on productivity and customer satisfaction entities.
Improve Regulatory Compliance: With MDM, companies can prioritize data governance cross over IT and business arsenals ensuring consistency, uniformity and accuracy of data, companies can meet the quality aspects and have proper operational activities, enabling them to address regulatory compliance like Basel lll, SOX, HIPAA, Solvency ll and FDA. Even reporting can be done in proper manner avoiding high penalties to the company.There is plenty of Informatica MDM Training Material on the Informatica portal which you can use to leverage on how to address SOX compliance.
Elicit Value from Mergers & Acquisitions: MDM plays a key role in deriving value from its merged companies by offering cross-sell opportunities and identifying joint customers avoiding replication of customer profiles.
Informatica MDM Differentiation:
This is superior to any other applications in the market today. It is expandable, configurable and justified multidomain MDM system that increases enterprise users’ adoption of master data. It provides flexible and powerful features to handle complex master data management requirements.
Buoyant: MDM is clever than any other products, which may be limited to certain use cases. It provides a robust platform which provides you to manage any kind of master data.
Open, Flexible & System Skeptic: Unlike other products, MDM provides a multi domain that allows you to start any MDM tasks with any domain and add domain at later stage as needs grow substantially. This feature shows how scalable and flexible it is.
Out of the Box Abilities: As Informatica MDM is integrated with other products such as Informatica’s Data Integration, Data quality and BPM products, It offers complete capabilities of master data management needs irrespective of industry. Whereas other MDM vendor solutions are specific to particular industry and use cases.
Created on Jan 4th 2018 23:48. Viewed 109 times.