Market overview master data management

The study "Multidomain master data management systems 2015" focuses on the functions of the various systems. In the digital age, more and more data is available and it is becoming increasingly complex.

At the same time, more and more processes in companies and organizations are being supported by IT systems. This means that systematic master data management is becoming increasingly important for companies.

Sophisticated methods and tools for master data and data quality management have therefore been available on the market for a number of years, meaning that even small and medium-sized companies with limited resources can implement successful solutions.

In order to develop practical and economical solutions for companies, they must not only select suitable IT solutions, but also consider master data in the context of business processes.

This includes, for example, processes in which they are used to provide services. On the other hand, processes in which master data is created or which have an impact on existing master data must also be considered.

The current study by the Fraunhofer IAO focuses on the functionalities of modern master data management systems and classifies them in terms of IT developments and application options.