CIOs and CDOs are increasingly looking to implement master data management (MDM) solutions to unlock the full value of their data. The document outlines 5 key trends for MDM: 1) More industries will adopt MDM programs, 2) Disruptive technologies will solidify MDM's role, 3) Demand will rise for multi-domain MDM, 4) Cloud-based deployments will increase, and 5) Machine learning and AI capabilities in MDM will grow in importance. The document promotes a MDM implementation from Pimcore that improves revenue, efficiency, governance, compliance and risk management.
2. Data Culture Is Empowering Organizations To
Innovate quickly
Improve continuously via real-
time responses and feedback
And make smarter
business decisions
3. CIOs and CDOs are increasingly
looking to implement master
data management (MDM)
solutions to unlock the full
value of their data.
4. Here are key MDM trends to
watch out for in the months
aheadâŠ
5. More and more industries such as manufacturing,
telecommunication and consumer packaged
goods have begun to implement MDM programs
and enabling technology required to support it.
A Broader Spectrum of Industries
Will Adopt MDM1
6. Conversational technologies such as AI-based
voice assistants, chatbots or intelligent personal
assistants are acting as disruptive forces on the
market, especially in improving customer
experience.
Disruptive Forces Will Solidify the
MDM Role2
7. Multi-domain, and multi-vector, MDM enables the
digital business to advance from "collecting" data
for a single data domain to "connecting" several
data domains.
â Gartner
The Demand for Multi-Domain
MDM Will Rise3
8. By 2020, 75% of organizations that allow the
deployment of cloud-based business applications
to occur outside the auspices of an information
governance practice will erode the business value
of their information assets by at least 50%.
â Gartner
Cloud-Based Deployments Will
Increase4
9. 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.
Machine Learning and AI in
MDM Will Come to the Fore5
10. If youâre looking for MDM implementation, that
improves revenue growth, efficiency, governance,
regulatory compliances and risk management for
future proof data managementâPimcore can help!
Try a Free Demo Now!
https://www.pimcore.com/en/try