Bloor Research, a leading provider of information technology (IT) research, advisory services and strategic consulting, has chosen Kalido, a provider of strategic information management solutions, as the recipient of its "Gold Award" in the repository category in its 2006 "Master Data Management" report evaluating 15 vendors. Kalido was singled out for its leadership in generic master data management (MDM) and pioneering of many key practices. An excerpt of the report is available at www.kalido.com/bloormdm.
Bloor Research's Master Data Management report highlights the growing emergence of the MDM market due to multiple business drivers, including regulatory requirements, cost containment and corporate performance management. Bloor defines MDM by its ability to improve the consistency, quality and reliability of individual definitions of enterprise objects (e.g. a customer, a product, a supplier, etc.), and establishing that object within its context and relationships to other objects within its type, such as customer hierarchy or product bill of materials.
"Kalido's pragmatic approach to the storage and management of master data and hierarchies in any domain for analytics makes it a strong player to consider for organizations with heterogeneous environments that are struggling to gain a consistent view of their organizational data," wrote Bloor Research Associate Analyst Harriet Fryman in the report. Among other "firsts," the report also acknowledges Kalido as "the first vendor to recognize and tackle the complexity of managing multiple complex master hierarchies."
A key component of the KALIDO solution enables large organizations with diverse operational systems to create, manage and publish a common business language, even as their company undergoes change. By providing consistency in business definitions across business units, departments and/or systems, KALIDO MDM initiatives can dramatically improve the quality of business reporting without the need to completely replace underlying transaction systems.
According to the Bloor report, conventional wisdom indicates that organizations typically have an average of 25 different types of master data to manage. KALIDO manages all master data types, and several KALIDO customers manage hundreds of types as diverse as general ledger structures, human resources data and organizational structures, in addition to the more common "customer," "product" and "supplier" domains. KALIDO solutions also support corporate data governance through robust workflow capabilities, providing the ability to track the history of changes to master data, thereby delivering greater flexibility and granularity in data stewardship programs.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access