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Top 5 Reasons for Failed MDM Implementation – When the Magic Wand Doesn’t Swish
Companies deal with countless sources of data across disparate silos, creating inconsistency, inaccuracy and data loss. While Master Data Management (MDM) systems are designed to solve these problems, companies are not always able to make the most of them. Data integration helps bridge this gap by aligning company objectives with MDM system capabilities for optimum utilization of data, better decision making and reduced costs.
With a seemingly infinite pool of data, differing data sources, and ever-changing business objectives, choosing the right MDM platform can seem more daunting than it needs to be.
The global market size for Product Information Management (PIM) is expected to grow from USD 9 billion in 2020 to a whopping USD 16 billion by the time we hit 2025 (Source - ReportLinker).
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The B2B industry is experiencing a transformation, with sales worth billions happening each day.
As digital becomes the norm, many B2B companies are beginningto drive strategic initiatives to transform themselves. According to IBM, B2B digital commerce is expected
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