Switzerland – August 9, 2024 – Master Data Management (MDM) has become a key focus for companies looking to streamline operations, enhance decision-making, and reduce costs. To explore the future of MDM and the benefits of their recent partnership with Reltio, we spoke with Frank Stoffel, Partner and Founder of 360workx. In this interview, Frank shares his insights on how Reltio’s advanced MDM platform is helping companies unlock the full potential of their data.
Interviewer: Frank, thank you for joining us today. Let’s start by discussing the recent partnership between 360workx and Reltio in the field of Master Data Management (MDM). Could you share what drove this collaboration?
Frank Stoffel: Thank you for having me. At 360workx, we’ve always been committed to delivering innovative solutions that address the data challenges our clients face. The partnership with Reltio is a natural extension of this mission. Reltio offers a cloud-native, multi-domain MDM platform that aligns perfectly with our vision of helping companies leverage their data as a strategic asset. Their platform’s flexibility, scalability, and real-time capabilities allow us to bring unparalleled value to our customers.
Interviewer: What are some of the key advantages that Reltio brings to the table compared to other MDM solutions?
Frank Stoffel: Reltio’s platform stands out for several reasons. Firstly, its cloud-native architecture means it can scale effortlessly as a business grows, without the typical limitations of on-premises solutions. This scalability is crucial for organizations dealing with increasing volumes of data.
Secondly, Reltio’s multi-domain capability allows companies to manage various types of data—such as customer, product, supplier, and location data—within a single platform. This holistic view is incredibly powerful for driving insights and improving decision-making.
Another significant advantage is Reltio’s real-time data processing. In today’s fast-paced environment, having up-to-date information is critical for responding quickly to market changes, enhancing customer experiences, and staying ahead of the competition. Reltio enables that level of responsiveness.
Interviewer: That sounds impressive. How do you see good MDM, particularly through the lens of this partnership, helping companies save money?
Frank Stoffel: Good MDM is all about improving data accuracy, consistency, and governance. When companies have reliable, unified data, they can make better business decisions, avoid costly errors, and streamline operations.
With Reltio’s MDM platform, companies can eliminate data silos and reduce the redundancy that often leads to inefficiencies. For example, when customer data is clean and consistent across all systems, marketing campaigns are more targeted, inventory management becomes more precise, and customer service improves, reducing the cost of these operations.
Moreover, by preventing data errors and ensuring compliance with regulations, companies can avoid the financial penalties associated with poor data management. The long-term savings from these efficiencies and risk reductions are significant.
Interviewer: Looking ahead, how do you see the future of MDM evolving, especially with emerging technologies like AI and machine learning?
Frank Stoffel: The future of MDM is very exciting, especially with the integration of AI and machine learning. These technologies will enable more intelligent data management, where systems can automatically identify and correct data issues, predict trends, and provide actionable insights without human intervention.
At 360workx, we believe that the next phase of MDM will be about leveraging these advanced technologies to not just manage data but to enhance it—transforming raw data into valuable, actionable insights that drive business growth. Our partnership with Reltio positions us well to be at the forefront of this evolution.
Interviewer: Frank, thank you for sharing your insights. It’s clear that the partnership between 360workx and Reltio is set to make a significant impact on the MDM landscape.
Frank Stoffel: Thank you, it was a pleasure to discuss the future of MDM and how our partnership with Reltio will help companies unlock the full potential of their data.
Contact:
Email: contact.us@360workx.ch
Website: https://360workx.ch
Linkedin