The new normal is data culture. A data-driven culture enables firms to innovate more quickly, develop continually through real-time feedback and reactions, and make better business decisions. And mastering the art of data management will become much more critical in the near future for those devoted to keeping on the cutting edge of automation, artificial intelligence (AI), the Internet of things, and blockchain.
If organizations want to undertake more profound research, develop new relationships with consumers, and generate decision-making intelligence for quicker growth, they must be clever and innovative in managing the expanding volume of data from varied sources. Every industry vertical is experiencing the buzz around machine learning (ML) and AI, and the MDM market is no different. Enterprises have started considering MDM solutions with ML and AI capabilities, but it will take time to reach a more mature level.
Automation and AI help organizations perform repetitive, predictable master data tasks without errors or handle those tasks completely and engage with customers for higher customer satisfaction. They allow organizations to manage the ballooning volume, velocity, and variety of data across an increasing number of channels without increasing stakeholder headcount.
AI will also help identify duplicate records, assure data quality and enable new kinds of master data applications to create more modern customer values. Every industry vertical is experiencing the buzz around machine learning (ML) and AI, and the MDM market is no different. Enterprises have started considering MDM solutions with ML and AI capabilities, but it will take time to reach a more mature level.
At this juncture, we at ICON Outlook magazine have shortlisted some of the leading MDM providers to help businesses find the right partner based on their unique requirements. The companies listed here are unique in their way and deliver solutions that stand out from the crowd.
