Financial services institutions, such as banks and insurance companies, rely on MDM-enabled transparency of their customer master data and product master data to capitalise on a number of industry trends, including:

Master data management (MDM) plays a critical role in ensuring data transparency. MDM therefore enables you to leverage the customer and product master data – that you already have – to address and drive revenue from these current trends in the financial services industry.

How memories of the joys of parenting remind us of the importance of implementing data governance to achieving business success

I recently had the joy of looking after my brother’s 13-month-old lad for the night, which took me back. I’ve two daughters, the youngest is seven. Fatigue had largely wiped my mind of the finer details of looking after little ones. But it all came screaming back when my nephew awoke at 3:30 am and wouldn’t settle again until an hour later.

Synthetic data is the test data that makes your business operations run smoothly; and if those operations are automated with AI, it's essential to use master data management (MDM) to make sure your decisions are unbiased.

Data generates data which in turn generates more data. How do we know if what is being produced is fit for purpose? What if a bot, designed to help us to make an informed investment decision or simply provide us with the best answer to our customer services question, gets it wrong?

Obviously, testing all the different corners of solution sets is important. As AI takes a more dominant role in automating decision processes, it becomes essential to make sure MLOps - enabled by MDM - is working from good data that is explainable (XAI) and free from bias.

From department and specialty big-box stores to grocers and independent retailers, the industry has been impacted by many challenges this year, much of which have been driven by an increase in digital shopping, Covid-19 and consumers’ weakening pocketbooks. The upcoming holiday season – including Black Friday and Cyber Monday – provides an opportunity for retailers to regain lost ground and perhaps even move from red to black in terms of profitability. In fact, Deloitte predicts that holiday sales this season will grow by 1.5% in the U.S. compared to last year.

Discover the seven business benefits of transparent product information management (PIM) in the pharmaceutical manufacturing industry

The business of pharmaceutical manufacturing is undergoing a data evolution. Business leaders need to understand how mastery of their data is essential to achieve leadership in a highly competitive market. The importance of the digital supply chain is growing. Manufacturers are building new processes that interconnect the back office with the front office and even directly to the customer’s operations. The pharmaceutical industry is becoming more digitally enabled and data intensive. Building a digital supply chain requires harvesting the raw materials that constitute it: Data.

Get the eight business benefits of transparent product information management in the medical device manufacturing industry - It's not all about compliance with medical device regulations

The business of manufacturing medical devices is undergoing a data evolution. Business leaders need to understand how mastery of their data is essential to achieve leadership in a highly competitive market.

The pertinence and prevalence of the digital supply chain is growing. Manufacturers are building new processes that interconnect the back office with the front office and even directly to the customer’s operations. The industry is becoming more digitally enabled and data intensive.

Building a digital supply chain requires harvesting the raw materials that constitute it: Data.

Given the current state of data growth, the importance of organized data is greater than ever. The way your organization adapts to the large amounts of data about your suppliers and their products is crucial to your success in the industry.

Stibo Systems honors women in master data management (MDM) and the great work by so many to achieve gender balance and equity. This series brings you interviews with remarkable women in our industry, and we hope their stories will inspire you to chase your passion for MDM and related fields.

Making the most of today’s environment requires brands to enhance their data management capabilities with new innovations.

For consumer packaged goods (CPG) companies, the only constant is change – especially as it applies to trends impacting the industry. While many of last year’s trends are just as relevant today, the difference is that consumer behavior and market changes are occurring at a much faster rate (approximately 2-3 months instead of 2-3 years). For the most part, CPG companies and their retail partners have made tremendous strides in addressing these trends. In fact, some of the best prepared companies have moved beyond surviving and are actually thriving during these challenging times.

Unified and enriched customer information can enhance your data analytics and provide actionable customer insight for corporate and investment banks

Relationship managers need insightful customer information upon which they can take action. Sometimes a single piece of unique information can give relationship managers in corporate and investment banks the edge they need to decide how to move an opportunity forward, or indeed avoid being exposed to risk. The availability and trustworthiness of that piece of information relies on the quality and richness of the data that is being analysed.