Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

New Fraunhofer IAO study compares current multidomain master data systems

01.10.2015

Where is the field of master data management currently headed? How can companies find the right products to meet their needs? In a recent market study, Fraunhofer IAO compared the master data management systems of 14 providers, with a primary focus placed on the features of the various systems.

In the digital age, data is becoming available in ever greater volumes, and the complexity of this data is increasing as well. At the same time, the number of processes supported by IT systems within companies and other organizations is also on the rise.

For this reason, it is becoming increasingly important for enterprises to systematically manage their master data. For several years now, established methods and tools for master data management and data quality management have been available on the market for this purpose, thus allowing small and medium-size companies with limited resources to successfully roll out their own implementations.

Viewing master data within the context of business processes

In order for companies to create practical, cost-effective implementations, they must not only choose the right IT solutions but also look at the master data within the context of business processes. This includes processes such as those where master data are used in the rendering of services. It is also important for companies to pay attention to processes that either create new master data or affect existing master data.

New study on master data management provides an overview of the market

In the recent study entitled “Multidomain Master Data Management Systems 2015”, Fraunhofer IAO focuses chiefly on the features of modern master data management systems, classifying these with respect to IT developments and application options. The study is intended as a response to the growing market for, and increasing interest in, master data solutions.

It features a market overview of current multidomain master data systems, with a user-friendly presentation of current systems and their features that makes it easier for potential users to compare available products. In addition to the market overview, the study also covers potential trends in the sector over the next several years with its survey of master data management system developers.

Initial findings of the study presented at SSF 2015

Fraunhofer IAO will present the study’s initial findings at the Stuttgart Software Technology Forum from October 20-22, 2015 in Stuttgart. On the first day of the event, senior researchers at Fraunhofer IAO will provide an overview of several topics in seminars such as “Master Data Management and Information Quality”, “Business Process Management”, and “An Introduction to Document Management Systems”. During the following two days, researchers and field experts will share their experiences on the topics of “Business Process Management”, “Data Quality Management And Data Governance”, as well as “Introduction to Master Data Management Systems”.

Contact:
Dr. Wolf Engelbach
Information Management
Fraunhofer IAO
Nobelstraße 12
70569 Stuttgart, Germany
Phone +49 711 970-2128
E-Mail: wolf.engelbach@iao.fraunhofer.de

Weitere Informationen:

https://www.iao.fraunhofer.de/lang-en/about-us/press-and-media/1241-better-proce...
http://www.swm.iao.fraunhofer.de/mdm2015
http://www.iao.fraunhofer.de/v300.html

Juliane Segedi | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

More articles from Information Technology:

nachricht Terahertz spectroscopy goes nano
20.10.2017 | Brown University

nachricht New software speeds origami structure designs
12.10.2017 | Georgia Institute of Technology

All articles from Information Technology >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Neutron star merger directly observed for the first time

University of Maryland researchers contribute to historic detection of gravitational waves and light created by event

On August 17, 2017, at 12:41:04 UTC, scientists made the first direct observation of a merger between two neutron stars--the dense, collapsed cores that remain...

Im Focus: Breaking: the first light from two neutron stars merging

Seven new papers describe the first-ever detection of light from a gravitational wave source. The event, caused by two neutron stars colliding and merging together, was dubbed GW170817 because it sent ripples through space-time that reached Earth on 2017 August 17. Around the world, hundreds of excited astronomers mobilized quickly and were able to observe the event using numerous telescopes, providing a wealth of new data.

Previous detections of gravitational waves have all involved the merger of two black holes, a feat that won the 2017 Nobel Prize in Physics earlier this month....

Im Focus: Smart sensors for efficient processes

Material defects in end products can quickly result in failures in many areas of industry, and have a massive impact on the safe use of their products. This is why, in the field of quality assurance, intelligent, nondestructive sensor systems play a key role. They allow testing components and parts in a rapid and cost-efficient manner without destroying the actual product or changing its surface. Experts from the Fraunhofer IZFP in Saarbrücken will be presenting two exhibits at the Blechexpo in Stuttgart from 7–10 November 2017 that allow fast, reliable, and automated characterization of materials and detection of defects (Hall 5, Booth 5306).

When quality testing uses time-consuming destructive test methods, it can result in enormous costs due to damaging or destroying the products. And given that...

Im Focus: Cold molecules on collision course

Using a new cooling technique MPQ scientists succeed at observing collisions in a dense beam of cold and slow dipolar molecules.

How do chemical reactions proceed at extremely low temperatures? The answer requires the investigation of molecular samples that are cold, dense, and slow at...

Im Focus: Shrinking the proton again!

Scientists from the Max Planck Institute of Quantum Optics, using high precision laser spectroscopy of atomic hydrogen, confirm the surprisingly small value of the proton radius determined from muonic hydrogen.

It was one of the breakthroughs of the year 2010: Laser spectroscopy of muonic hydrogen resulted in a value for the proton charge radius that was significantly...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ASEAN Member States discuss the future role of renewable energy

17.10.2017 | Event News

World Health Summit 2017: International experts set the course for the future of Global Health

10.10.2017 | Event News

Climate Engineering Conference 2017 Opens in Berlin

10.10.2017 | Event News

 
Latest News

Terahertz spectroscopy goes nano

20.10.2017 | Information Technology

Strange but true: Turning a material upside down can sometimes make it softer

20.10.2017 | Materials Sciences

NRL clarifies valley polarization for electronic and optoelectronic technologies

20.10.2017 | Interdisciplinary Research

VideoLinks
B2B-VideoLinks
More VideoLinks >>>