These providers have recently been named major players in Master Data Management Solutions for 2020 by analyst house Gartner, Inc.
Master Data Management (MDM) products are offered in both on-prem and cloud-based deployments. Packaged MDM solutions can support the global identification, linking, and synchronization of master data, help users to create and manage a central, persisted system or index of record, support the four main implementation styles, enable generation and delivery of a trusted version of one or more data domains, and more. While many of the smaller vendors experienced double-digit growth during Gartner’s research period, the overall market was tempered by a decrease in year-over-year revenue, mainly due to larger providers transitioning their offerings.
The following providers have recently been named leaders in the 2020 Gartner Magic Quadrant for Enterprise Master Data Management Solutions. The report, which highlights and scores the top products in the industry, features these four tools as being cornerstones in the space. Each provider’s market share and product portfolios differ, which is what makes them interesting to the wider audience of data consumers. Niche and emerging vendors can only hope to replicate the kind of market presence that these providers have earned over a sustained period of time. Here we provide a brief blurb about each and links to product details so you can learn more.
Informatica offers a modular MDM solution that provides a single view of data. The product enables users to create an authoritative view of business-critical data from disparate, duplicate and conflicting sources. Informatica MDM also features AI and machine learning, and includes data quality, data integration, business process management, and data security functionality that allows you to easily enrich master data records with data from external providers. Informatica’s MDM capabilities can be deployed on-prem or in the cloud.
TIBCO Software offers its MDM capabilities via TIBCO EBX, a single solution that manages workflow, data quality, and role-specific applications. EBX is designed with different user personas in mind by providing self-service so all individuals can manage, govern, and consume key data assets. Customers can model any master data (including relationships between domains) without buying separate tools. This means that you can put any domain of master or reference data inside. EBX works with SAP, BCP, TM1, and OneStream.
Semarchy offers a master data management solution called xDM. The product utilizes machine learning algorithms to enable stewardship and advanced matching, survivorship, curation, and classification. The tool features a native data model that facilitates transparent lineage, audibility, and governance as well. xDM can integrate any data source via real-time and batch APIs to integrate the data hub with existing applications and business processes. Semarchy offers a 30-day license key free trial of xDM for on-prem and cloud.
Riversand offers MDM and product information management (PIM) solutions. Its MDM offering features a multi-domain core designed to provide a complete view of enterprise data. In addition, Riversand includes high-scale computing, a set of streamlined collaboration tools, and data governance functionality. Reporting via the vendor’s data visualization product is included with each license and offers users the ability to run advanced analysis via charts, tables, and dashboards.
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