Stibo Systems has been providing product information management (PIM) software for decades. Its work has helped many organizations worldwide take control of their product information by developing a master definition that can be published acrossmany channels from Web to digital to print. We recognized its work with customers Delta Faucet and Masco Corp. in our 2015 Ventana Research Leadership Award in Information Management. In 2014 Stibo Systems customer Brady Corp. won a similar award for Information Optimization. I have made it clear that in our view, when it comes to use all kinds of product content and data in business processes, product information management trumps master data management. Delivering value to business with PIM is much different than managing data infrastructure with MDM. There has been much angst in varying industry analyst views on this market segment. We analyze and rate vendors more rigorously than analyst firms that look at them only through an IT lens. Our methodology and framework put business first and IT second, and that shapes how we score vendors in PIM, MDM and other aspects of the software industry.
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Topics:
Big Data,
Master Data Management,
MDM,
Operational Performance Management (OPM),
PIM,
Stibo Systems,
Cloud Computing,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Information Management (IM),
Information Optimization,
Product Information Management,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
The importance of product information management (PIM) has become clear in recent years and especially as it relates to master data management. As I recently wrote handling this business process effectively and using capable software should be priorities for any organization in marketing and selling its products and services but also interconnecting the distributed supply chain. Our research on product information management can help organizations save time and resources in efforts to ensure that product information is an asset to facilitate efficiency in many business processes. Through years of benchmarking, we have developed a blueprint for managing and improving product information. Using this approach enables companies to more effectively align and link their activities and processes. Of course achieving effectiveness also requires using applications that create consistent, reliable product information. We regularly update our Value Index for PIM to enable companies to evaluate vendors and their applications’ suitability for use in all business processes requiring product information.
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Topics:
Big Data,
Master Data Management,
Enterworks,
Operational Performance Management (OPM),
Stibo Systems,
Webon,
CIO,
IBM,
Informatica,
Oracle,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Information Management (IM),
Information Optimization,
Product Information Management,
Riversand,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
Ventana Research has just released our 2012 Value Index for Product Information Management (PIM), in which we evaluate the competency and maturity of vendors and products. Our firm has been researching this software category for many years, and our latest benchmark research in product information management, coming out shortly, finds PIM software providing substantive benefits in new channels of interaction with suppliers and customers.
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Topics:
Master Data Management,
Sales,
SAP,
Enterworks,
Hybris,
Operational Performance Management (OPM),
Stibo Systems,
Webon,
Business Analytics,
Business Collaboration,
Cloud Computing,
Data Governance,
Governance, Risk & Compliance (GRC),
IBM,
Location Intelligence,
Oracle,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Heiler,
Information Management (IM),
Product Information Management,
Riversand,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM)
