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Informatica Launches Intelligent Multi-Domain Master Data Management Capabilities
Thursday, March 10, 2022
Cloud-native Multi-Domain MDM is the Future of Data Management to Help Companies Overcome Data Fragmentation
REDWOOD CITY, Calif., March 2, 2022 /PRNewswire/ -- Informatica(® )(NYSE: INFA), an enterprise cloud data management leader, today announced cloud-native Intelligent Multi-domain Master Data Management (MDM), designed to empower customers with trusted views of business-critical master data, across any and all domains and assets to enhance every function with intelligent data.
To be successful 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 were using more than 1000 data sources and nearly 80% store more than half of their data in hybrid and multi-cloud infrastructures. This highlights the challenge businesses face with more data, of more types, spread across more sources than ever before. This increasing fragmentation and complexity create barriers to success for businesses needing to create hyper-personalized customer experiences, manage complex global supply chains and innovate with their data.
"Digital business is a complex network of relationships and interdependencies between customer, products, partners, locations and other business entities," said Stewart Bond, IDC Research Director. "Multidomain master data management is a key enabler of analytics and operational processes across the entire value chain of business, from producer to consumer and all points in between."
Traditional MDM solutions focus on single domains such as customer or finance, encouraging silos and creating additional fragmentation as organizations create fragmented infrastructures with a plethora of point solutions. Now, with Informatica's Intelligent Multi-Domain MDM, enterprises can connect, understand and manage the relationship between multiple domains such as location, customer, product or supplier as well as assets including IoT devices or sensors. For example, in today's fast-paced, always-on environment retailers need to create hyperpersonalized experiences and meet customers with the right offer, at exactly the right time, in the right format to delight customers and drive value for the business. With Intelligent Multi-Domain MDM retailers are able to connect and manage domains including location, customer, product and supplier to bring together a holistic view of the customer to deliver that unique experience and follow it up with connected customer service and relevant communications.
With Multi-domain MDM, enterprises can leverage a single view of the business by bringing together all different types of master data, across multiple domains, processes and assets into the Intelligent Data Management Cloud (IDMC). Organizations can manage all services relating to master data management from a single interview and enjoy the following key benefits:
-- Grow revenue with 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 tailored to
meet users with intuitive interfaces, guided workflows, and machine
learning recommendations to simplify the discovery, curation and
consumption of master data for analytical and operational use. This
increases data democratization, in a trusted way, across teams
empowering data stewards, analysts and analytics teams to leverage
master data to drive more value, increase wallet share of existing
customers and strengthen brand loyalty.
-- Speed deployment and reduce total cost of ownership (TCO) with a single
solution. With the new Multi-domain MDM enterprises can deploy a new
domain in weeks, not months, enabling organizations to keep pace with
the rapid pace of change. An all-in-one solution, it integrates all the
data management capabilities required for the practice of master data
management with pre-configured domain and industry content to simplify
implementation and administration. Powered by CLAIRE, Informatica's AI
engine, it can deliver 50 per cent increase in productivity, by
automating the onboarding of master data and identifying source fields
and mapping them to master data models, saving the enterprise thousands
of hours.
-- Accelerate business outcomes and manage risk and compliance. Enterprises
can drive better business outcomes 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 suppliers, finance elements and
operational details. For large enterprises with multiple subsidiaries or
those undergoing mergers, the ability to have a trusted, single view
across multiple businesses and all domains helps accelerate
integrations, improve compliance and reduce risk.
"Intelligent data is transforming industries, but complexity and fragmentation are creating roadblocks and stalling innovation. We're seeing some organizations simply shift the fragmented data problem to a fragmented infrastructure problem," said Jitesh Ghai, Chief Product Officer at Informatica. "Informatica's cloud-native Multi-domain MDM addresses that by connecting the dots between valuable data from domains across the business in a single, end-to-end solution, delivering the trusted, holistic view businesses need to make intelligent decisions, fast."
Multi-Domain MDM is available today via consumption-based pricing on the Intelligent Data Management Cloud(TM), the industry's most comprehensive, modern and holistic enterprise cloud data management platform, designed to help businesses truly innovate with their data on any platform, any cloud, multi-cloud or multi-hybrid environment and for all users across the enterprise, beyond just IT.
About Informatica
Informatica (NYSE:INFA), an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud(TM)(IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 84 of the Fortune 100 rely on Informatica to drive data-led digital transformation.
The information provided herein is subject to change without notice. In addition, the development, release and timing of any product or functionality described today remain at the sole discretion of Informatica and should not be relied upon in making a purchasing decision, nor as a representation, warranty, or commitment to deliver specific products or functionality in the future.
Contact:
Informatica Public Relations
prteam@informatica.com
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SOURCE Informatica
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