Product Information Management

Analyst MDM / PIM / DQM Solution Reports Update March 2021

Henrik Gabs LiliendahlLeave a comment

Analyst firms occasionally publish market reports with a generic solution overview for Master Data Management (MDM), Product Information Management (PIM) and Data Quality Management (DQM).

Here is an overview of the latest major reports:

MDM PIM DQM solutions analyst firms

3 ways to learn more:

  • You can check out many of the included solutions on The Disruptive MDM / PIM / DQM List.
  • You can get a free ranking that also include the rising stars on the solution market and is based on your context, scope and requirements here.
  • You can book a free short online meeting with me for further discussion on your business case as part of my engagement at the consultancy firm Astrocytia here.

2021 Data Management Mind Map

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Disciplines come and go in the data management world. Here is a mind map of the disciplines on top of my mind today. Some of the disciplines goes back to the emerge of IT in the previous millennium and some have risen during the latest years.

4 Supplier Product Data Onboarding Scenarios

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When working with Product Information Management (PIM) and Product Master Data Management (Product MDM) one of the most important and challenging areas is how you effectively onboard product master data / product information for products that you do not produce inhouse.

There are 4 main scenarios for that:

  • Onboarding product data for resell products
  • Onboarding product data for raw materials and packaging
  • Onboarding product data for parts used in MRO (Maintenance, Repair and Operation)
  • Onboarding product data for indirect products

Onboarding product data for resell products

This scenario is the main scenario for distributors/wholesalers, retailers and other merchants. However, most manufactures also have a range of products that are not produced inhouse but are essential supplements when selling own produced products.

The process involves getting the most complete set of product information available from the supplier in order to fit the optimal set of product information needed to support a buying decision by the end customer. With the increase of online sales, the buying decision today is often self-serviced. This has dramatically increased the demand for product information throughput.

Onboarding product data for raw materials and packaging

This scenario exists at manufacturers of products. Here the objective is to get product information needed to do quality assurance and in organic production apply the right blend in order to produce a consistent finished product.

Also, the increasing demand for measures of sustainability is driving the urge for information on the provenance of the finished product and the packaging including the origin of the ingredients and circumstances of the production of these components.  

Onboarding product data for parts used in MRO

Product data for parts used in Maintenance, Repair and Operation is a main scenario at manufacturers related to running the production facilities. However, most organizations have facility management around logistic facilities, offices, and other constructions where products for MRO are needed.

With the rise of the Internet of Things (IoT) these products are becoming more and more intelligent and are operated in an automatic way. For that, product information is needed in an until now unseen degree.

Onboarding product data for indirect products

Every organization needs products and services as furniture, office supplies, travel services and much more. The need for onboarding product data for these purchases is still minimal compared to the above-mentioned scenarios. However, a foreseeable increased use of Artificial Intelligence (AI) in procurement operations will ignite the requirement for product data onboarding for this scenario too in the coming years.

The Need for Collaborative Product Data Syndication

The sharp rise of the need product data onboarding calls for increased collaboration between suppliers and Business-to-Business (B2B) customers. It is here worth noticing, that many organizations have both roles in one or the other scenario. The discipline that is most effectively applied to solve the challenges is Product Data Syndication. This is further explained in the post Inbound and Outbound Product Data Syndication.

Select Your MDM / PIM / DQM Solution Yearly Report

Henrik Gabs LiliendahlLeave a comment

I am running a service where organizations on the look for a Master Data Management (MDM), Product Information Management (PIM) and/or Data Quality Management (DQM) solution can get a list of the best fit solutions for their context, scope and requirements. The service is explained in more details in the post Get Your Free Bespoke MDM / PIM / DQM Solution Ranking.

Requests

2020 was a busy year for this service. There were 176 requests for a list. About half of them came, as far as I can tell, from end user organizations and the other half came from consultancies who are helping end user organizations with finding the right tool vendor. Requests came from all continents (except Antarctica) with North America and Europe as the big chunks. There were requests from most industries thus representing a huge span in context.

Also, there where requests from a variety in organization sizes which has given insights beyond what the prominent analyst firms obtain.

It has been a pleasure also to receive feedback from requesters which has helped calibrating the selection model and verifying the insights derived from the context, scope and requirements given.

Results

The variety in context, scope and requirements resulted in having 8 different vendor logos in top-right position and 25 different logos in all included in the 7 to 9 sized best fit extended longlists in the dispatched Your Solution Lists during 2020.

Call-To-Action

If you are on the look for a solution, you can use the service here.

If you are a vendor in the MDM / PIM / DQM space, you can register your solution here.

For more information, reach out to me here:

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Thank you for your response. ✨

MDM / PIM / DQM Case Studies

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The Disruptive List of MDM / PIM / DQM Solutions is growing both in terms of the solutions presented and the content provided on the list.

The latest piece of content is the Case Study List.

This is a list of case studies from innovative solution providers. The aim is to give inspiration for organizations having the quest to implement or upgrade their Master Data Management (MDM), Product Information Management (PIM) and/or Data Quality Management (DQM) capability.

The list is divided into industries, so you can have an overview of case studies from organizations comparable to your organization.

Check out the list here.

Analyst MDM / PIM / DQM Solution Reports Update August 2020

Henrik Gabs LiliendahlLeave a comment

Analyst firms occasionally publish market reports with a generic solution overview for Master Data Management (MDM), Product Information Management (PIM) and Data Quality Management (DQM).

Here is an overview of the latest major reports:

Analyst MDM PIM DQM reports

3 ways to learn more: 

  • You can check out many of the included solutions on The Disruptive MDM / PIM / DQM List.
  • You can get a free ranking that also include the rising stars on the solution market and is based on your context, scope and requirements here.
  • You can book a free short online meeting with me for further discussion on your business case as part of my engagement at the consultancy firm Astrocytia here.

B2B2C in Data Management

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The Business-to-Business-to-Consumer (B2B2C) scenario is increasingly important in Master Data Management (MDM), Product Information Management (PIM) and Data Quality Management (DQM).

This scenario is usually seen in manufacturing including pharmaceuticals as examined in the post Six MDMographic Stereotypes.

One challenge here is how to extend the capabilities in MDM / PIM / DQM solutions that are build for Business-to-Business (B2B) and Business-to-Consumer (B2C) use cases. Doing B2B2C requires a Multidomain MDM approach with solid PIM and DQM elements either as one solution, a suite of solutions or as a wisely assembled set of best-of-breed solutions.B2B2C MDM PIM DQMIn the MDM sphere a key challenge with B2B2C is that you probably must encompass more surrounding applications and ensure a 360-degree view of party, location and product entities as they have varying roles with varying purposes at varying times tracked by these applications. You will also need to cover a broader range of data types that goes beyond what is traditionally seen as master data.

In DQM you need data matching capabilities that can identify and compare both real-world persons, organizations and the grey zone of persons in professional roles. You need DQM of a deep hierarchy of location data and you need to profile product data completeness for both professional use cases and consumer use cases.

In PIM the content must be suitable for both the professional audience and the end consumers. The issues in achieving this stretch over having a flexible in-house PIM solution and a comprehensive outbound Product Data Syndication (PDS) setup.

As the middle B in B2B2C supply chains you must have a strategic partnership with your suppliers/vendors with a comprehensive inbound Product Data Syndication (PDS) setup and increasingly also a framework for sharing customer master data taking into account the privacy and confidentiality aspects of this.

This emerging MDM / PIM / DQM scope is also referred to as Multienterprise MDM.

Get Your Free Bespoke MDM / PIM / DQM Solution Ranking

Henrik Gabs LiliendahlLeave a comment

The Disruptive MDM / PIM / DQM List has an interactive service that can help you jumpstart in your tool selection for a Master Data Management (MDM), Product Information Management (PIM) and/or Data Quality Management (DQM) solution.

MDM PIM DQM Context, Scope and RequirementsThe selection model is based on the context, scope and requirements for your solution.

The context includes the geographical reach and the industry where your organization operates.

The scope includes the number of entities as for example consumers (B2C customers), companies (B2B customers, suppliers and other business partners), products and digital assets as well as the organizational reach.

The requirements are those that differentiate the MDM / PIM / DQM solutions on the market.

MDM PIM DQM Vendor capabilitiesThe solution capabilities considered in the selection process are those of who are:

  • On this Disruptive MDM / PIM / DQM Solutions List or
  • Gartner MDM Magic Quadrant or
  • Forrester MDM Wave or Forrester PIM Wave or
  • Information Difference MDM Landscape

MDM PIM DQM AI EngineThese two sets of information are compared in a continuously supervised learning algorithm – also known in marketing as machine learning and artificial intelligence (AI).

Filling in the information usually takes less than 15 minutes. You will get your solution list within 1 to 48 hours.

MDM PIM DQM Ranking OutcomeThe outcome is:

  • The best fit solution for a Proof of Concept
  • Two more solutions to be in a shortlist
  • Four more solutions to be in a longlist
  • If fit, a couple of more solutions to be considered as alternatives or supplements

During the half year this service has been online, more than 100 end user organizations or their consultants have received their solution list.

This service is free. No information is shared with anyone unless requested. Are you ready? Start with step 1 here.

MDM / PIM / DQM Resources

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Last week The Resource List went live on The Disruptive MDM / PIM / DQM List.

The rationale behind the scaling up of this site is explained in the article Preaching Beyond the Choir in the MDM / PIM / DQM Space.

These months are in general a yearly peak for conferences, written content and webinars from solution and service providers in the Master Data Management (MDM), Product Information Management (PIM) and Data Quality Management (DQM) space. With the covid-19 crises conferences are postponed and therefore the content providers are now ramping up the online channel.

As one who would like to read, listen to and/or watch relevant content, it is hard to follow the stream of content being pushed from the individual providers every day.

The Resource List on this site is a compilation of white papers, ebooks, reports, podcasts, webinars and other content from potentially all the registered tool vendors and service providers on The Solution List and coming service list. The Resource List is divided into sections of topics. Here you can get a quick overview of the content available within the themes that matters to you right now.

The list of content and topics is growing.

Check out The Resource List here.

MDM PIM DQM resourcesPS: The next feature on the site is planned to be The Case Study List. Stay tuned.

Welcome EnterWorks as a Featured Solution on The Disruptive MDM / PIM / DQM List – and to Europe

Henrik Gabs LiliendahlLeave a comment

One of the rising stars on the Master Data Management (MDM) and Product Information Management (PIM) scene is EnterWorks.

Enterworks Europe LaunchThe EnterWorks solution has during the latest years, as a small crowd of other solutions on the market, grown from being a PIM solution to be a Multi-domain MDM solution. But they have not stopped there. EnterWorks is also a Multi-enterprise MDM solution and is thus covering the needs of sharing master data and product information within business ecosystems. This is, as stated by Gartner, a particularly interesting value proposition in the context of digital ecosystems.

Last year EnterWorks joined forces with WinShuttle, a major player in the data management realm.

This has led to that I, besides welcoming EnterWorks as a featured solution on the list, also is able to welcome EnterWorks to Europe. The European launch should have taken place on The Gartner Data & Analytics Summit in March. However, this event was as all other events at the moment postponed. But the launch is not. Read about the perspectives of this move in the press release on that Winshuttle Announces European Launch of EnterWorks® MDM/PIM Platform.