by Angela Guess

A new press release reports, “Stibo Systems, the global leader in multidomain Master Data Management (MDM) solutions, today announced that Gartner, Inc., a leading IT research and advisory firm, has positioned the Company as a Challenger in its 2016 Magic Quadrant for Master Data Management Solutions report. Published January 19, 2017, this is the first time Gartner has published a report on master data management solutions replacing both the Magic Quadrant for Master Data Management of Customer Data Solutions and the for Master Data Management of Product Data Solutions. This new Magic Quadrant addresses the current focus of the MDM market on all-encompassing solutions as more clients recognize their digital business platform should be built on trusted master data. It will help data and analytics leaders find the best vendor and solution for their needs.”

The release goes on, “According to the report by 2020, 80 percent of all master data management solution revenue will be driven by support for all of the buying organization’s requirements around industries, data domains, use cases, organizations and MDM implementation styles, up from less than 15 percent in 2015. A proven and true multi-domain MDM solution, Stibo Systems’ Master Data Management platform STEP Trailblazer integrates multiple disparate systems by streamlining the process of aggregating and consolidating information around products, customers, suppliers, employees, assets, location and reference data from multiple sources and formats. STEP has great strengths supporting multichannel e-commerce and offers a native in-memory capability. Customers continue to credit STEP for its ability to implement a broader range of MDM solutions and for enabling them to achieve the key business initiatives their success depends upon.”

Read more at Business Wire.

Photo credit: Stibo Systems