When managed correctly, data can offer new insights into how to make organizations more efficient and profitable. Infoverity can unlock the power of your data with truly exceptional MDM.
Today, MDM is the foundation for informed decision-making. Data ensures that companies operate on a single version of
truth to understand market forces, and their competitors and customers. Better access to data reduces the cost of innovation and allows expanded use of analytics, which leads to fact-based decision-making.
Poor data quality is a common challenge companies face when trying to use data to drive business value. Poor data quality results in companies making decisions based on inaccurate data or not using it at all. Higher quality, trusted data enables employees to more effectively and efficiently use data.
Companies cannot thrive by depending on a small group of experts to generate data insights. MDM democratizes an organization’s data, making it accessible to a wider group of non-technical users. This means that every part of the business can put data to use to make informed decisions.
MDM ensures a unified view of customer data so support desks have complete interaction histories. This leads to higher customer satisfaction and insights into consumer behavior for more targeted marketing and upsell opportunities. Customers will have stronger brand loyalty as they have an improved relationship with the business.
Companies suffer from data discovery challenges — they don’t know what data they have or who in the organization has what data. MDM organizes and simplifies data so that it is accessible to a wide range of users, all of whom operate from a single version of the truth.
Effective MDM dramatically reduces data costs by simplifying data, reducing storage costs, and eliminating repeated work to create high quality data. Better data leads to improved compliance reporting, avoiding fines and other regulatory penalties, while also reducing duplicative work.
Organizations that effectively use data and analytics to inform their decision-making are twice as likely to be in the top quartile of financial performance within their industry, enjoying an average 25% increase in revenue and 10% in profitability.
After MDM implementations, Infoverity customers on average experience a 33% reduction in data-related spending.
Download our free MDM Pre-Launch Checklist guide and discover why the launch is just the first step to success in MDM implementation.
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