The Gartner report reminds its readers that “master data is central to the ‘information’ in IT. So, getting it right is more important than ever.” The report also highlights the inclusion of MDM as part of a data fabric architecture: “Combining data fabric strategies and MDM programs enables organizations to accelerate data discovery, data preparation (mastering) and data sharing for critical data assets. As such, data fabric can use MDM hubs (that store business metadata, or master data) as trusted sources to map other data to."
“The proliferation of applications and technologies is increasing fragmentation of the data landscape. This increases the need for a unified trusted data as a foundational capability,” said Manish Sood, CEO, Founder, and Chairman of Reltio. “MDM’s role in helping ensure data is unified, clean and trustworthy has never been more critical. It is vital for companies to trust the data they rely upon.”
“AI needs high quality data as inputs. This is true for all flavors of AI, including Generative AI. Workday's report shows that while 80% of decision-makers agree AI and ML are a must to keep their businesses competitive, 77% are concerned that their organization’s data is neither timely nor reliable enough to use with AI and ML,” said Sood.
The Gartner report also highlights the inclusion of MDM as part of a data fabric architecture: “Combining data fabric strategies and MDM programs enables organizations to accelerate data discovery, data preparation (mastering) and data sharing for critical data assets. As such, data fabric can use MDM hubs (that store business metadata, or master data) as trusted sources to map other data to.”
The complete report is available on Reltio.
Reltio proudly serves companies of all sizes, including 14 of the Fortune 100, and globally recognized customers such as Pfizer, L'Oréal, Xerox, CarMax, Empire Life, Shiseido, Takeda, and AstraZeneca -- all of which rely on the Reltio platform.
Gartner, Market Guide for Master Data Management Solutions, Helen Grimster, Sally Parker, and 2 more, 7 August 2023
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