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 Study suggests buried Internet infrastructure at risk as sea levels rise
18.07.2018 | University of Wisconsin-Madison

nachricht Microscopic trampoline may help create networks of quantum computers
17.07.2018 | University of Colorado at Boulder

All articles from Information Technology >>>

The most recent press releases about innovation >>>

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

Im Focus: Future electronic components to be printed like newspapers

A new manufacturing technique uses a process similar to newspaper printing to form smoother and more flexible metals for making ultrafast electronic devices.

The low-cost process, developed by Purdue University researchers, combines tools already used in industry for manufacturing metals on a large scale, but uses...

Im Focus: First evidence on the source of extragalactic particles

For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.

To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...

Im Focus: Magnetic vortices: Two independent magnetic skyrmion phases discovered in a single material

For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.

Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...

Im Focus: Breaking the bond: To take part or not?

Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.

A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...

Im Focus: New 2D Spectroscopy Methods

Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.

"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Leading experts in Diabetes, Metabolism and Biomedical Engineering discuss Precision Medicine

13.07.2018 | Event News

Conference on Laser Polishing – LaP: Fine Tuning for Surfaces

12.07.2018 | Event News

11th European Wood-based Panel Symposium 2018: Meeting point for the wood-based materials industry

03.07.2018 | Event News

 
Latest News

Princeton-UPenn research team finds physics treasure hidden in a wallpaper pattern

20.07.2018 | Materials Sciences

Computer model predicts how fracturing metallic glass releases energy at the atomic level

20.07.2018 | Physics and Astronomy

Relax, just break it

20.07.2018 | Materials Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>