This site has an interactive service to help you jumpstart in your tool selection for a solution for Master Data Management (MDM), Product Information Management (PIM) and/or Data Quality Management (DQM) as described in the post The Free Bespoke MDM / PIM / DQM Solution Ranking Service.
The result of this interactive online service is a selection of the 7 best fit solutions for your MDM / PIM / DQM implementation and possibly also a few solutions that could complement your choice as a best-of-breed supplement for special features as for example data matching and product data syndication.
With the 7 best fit solutions the thought succeeding process could be one of the below 3 options:
Long Path:
Your organization, possibly assisted by a consultancy firm, makes a deeper evaluation of the longlist with the 7 best solutions typically by issuing a written Request for Proposal (RFP) to all or the most promising solutions in the selection. The response will give you a detailed understanding of the capabilities offered and a price indication including license price and model, required consultancy costs and internal resources needed.
Based on this you will make a shortlist of the typically 3 solutions with the best fit capability and total cost of ownership (TCO) ratio. You will invite the providers for a demo and engage in answering specific concerns. From there your organization can award the best fit solution provider with a contract and you can commence the implementation possibly assisted by an implementation partner.
Short Path:
Your organization, possibly assisted by a consultancy firm, can issue a Request for Proposal (RFP) to the providers of the shortlisted solutions. Based on the response, including indications for total cost of ownership (TCO), you will invite perhaps two providers for a thorough demo and engage in answering specific concerns. From there your organization can award the best fit solution provider with a contract and you can commence the implementation possibly assisted by an implementation partner.
One Step to PoC:
Your organization will invite the best fit solution provider for a Proof of Concept (PoC) possibly with the assistance of a consultancy firm. If the result is successful and the total cost of ownership (TCO) match your business case, you can commence the implementation based on a contract with the solution provider and possibly also with an implementation partner.
Select Your Solution:
You can access the free selection model here.
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With persons in private roles a classic challenge is to distinguish between the individual person, a household with a shared economy and people who happen to live at the same postal address. The location hierarchy plays a role in solving this case. This quest includes having precise addresses when identifying units in large buildings and knowing the kind of building. The probability of two John Smith records being the same person differs if it is a single-family house address or the address of a nursing home.
Organizations can belong to a company family tree. A basic representation for example used in the Dun & Bradstreet Worldbase is having branches at a postal address. These branches belong a legal entity with a headquarter at a given postal address, where there may be other individual branches too. Each legal entity in an enterprise may have a national ultimate mother. In multinational enterprises, there is a global ultimate mother. Public organizations have similar often very complex trees.
Products are also formed in hierarchies. The challenge is to identify if a given product record points to a certain level in the bottom part of a given product hierarchy. Products can have variants in size, colour and more. A product can be packed in different ways. The most prominent product identifier is the Global Trade Identification Number (GTIN) which occur in various representations as for example the Universal Product Code (UPC) popular in Orth America and European (now International) Article Number (EAN) popular in Europe. These identifiers are applied by each producer at the product packing variant level.
The selection model is based on the context, scope and requirements for your solution.
The solution capabilities considered in the selection process are those of who are:
These two sets of information are compared in a continuously supervised learning algorithm – also known in marketing as machine learning and artificial intelligence (AI).
The outcome is:
The Disruptive MDM / PIM / DQM List 