Finance Efficiency and AI Success Start With Data Quality: Hackett Reveals Top Master Data Management (MDM) Providers
The Hackett Group (NASDAQ: HCKT) has released its latest Digital World Class® Matrix analyzing the Master Data Management (MDM) software marketplace. The report highlights how improving data standards can lead to a 3X increase in staff productivity and a 45% decrease in finance costs.
The study evaluated 16 software vendors across 26 value criteria, focusing on their capabilities in data governance and management. Key findings show that 58% of end users create new master records within two hours, 55% maintain duplicate records at 10% or less, and 75% have improved data visibility.
The report emphasizes the critical connection between Generative AI and MDM, noting that high-quality data is essential for maximizing AI benefits. Leading MDM solutions offer features like intelligent data integration, data match/merge, enrichment, and deduplication, with all vendors now incorporating AI into their platforms.
Il Hackett Group (NASDAQ: HCKT) ha pubblicato il suo ultimo Digital World Class® Matrix che analizza il mercato del software per la gestione dei dati master (MDM). Il rapporto evidenzia come il miglioramento degli standard dei dati possa portare a un aumento della produttività del personale del 300% e a una riduzione dei costi finanziari del 45%.
Lo studio ha valutato 16 fornitori di software su 26 criteri di valore, concentrandosi sulle loro capacità nella governance e gestione dei dati. I risultati chiave mostrano che il 58% degli utenti finali crea nuovi record master entro due ore, il 55% mantiene record duplicati al 10% o meno, e il 75% ha migliorato la visibilità dei dati.
Il rapporto sottolinea la connessione critica tra l'AI generativa e l'MDM, notando che dati di alta qualità sono essenziali per massimizzare i benefici dell'AI. Le principali soluzioni MDM offrono funzionalità come integrazione intelligente dei dati, corrispondenza/fusione dei dati, arricchimento e deduplicazione, con tutti i fornitori che ora integrano l'AI nelle loro piattaforme.
El Hackett Group (NASDAQ: HCKT) ha lanzado su último Digital World Class® Matrix que analiza el mercado de software para la gestión de datos maestros (MDM). El informe destaca cómo la mejora de los estándares de datos puede llevar a un aumento del 300% en la productividad del personal y una reducción del 45% en los costos financieros.
El estudio evaluó a 16 proveedores de software en 26 criterios de valor, centrándose en sus capacidades en gobernanza y gestión de datos. Los hallazgos clave muestran que el 58% de los usuarios finales crea nuevos registros maestros en menos de dos horas, el 55% mantiene registros duplicados en un 10% o menos, y el 75% ha mejorado la visibilidad de los datos.
El informe enfatiza la conexión crítica entre la IA generativa y el MDM, señalando que los datos de alta calidad son esenciales para maximizar los beneficios de la IA. Las principales soluciones MDM ofrecen características como integración inteligente de datos, coincidencia/fusión de datos, enriquecimiento y deduplicación, con todos los proveedores ahora incorporando IA en sus plataformas.
해켓 그룹 (NASDAQ: HCKT)은 마스터 데이터 관리(MDM) 소프트웨어 시장을 분석한 최신 디지털 월드 클래스® 매트릭스를 발표했습니다. 이 보고서는 데이터 표준 개선이 직원 생산성 300% 증가와 재무 비용 45% 감소로 이어질 수 있음을 강조합니다.
이 연구는 26개의 가치 기준에 따라 16개의 소프트웨어 공급업체를 평가하며, 데이터 거버넌스 및 관리 능력에 중점을 두었습니다. 주요 결과는 58%의 최종 사용자가 두 시간 이내에 새로운 마스터 레코드를 생성한다, 55%는 10% 이하의 중복 레코드를 유지한다, 그리고 75%는 데이터 가시성을 개선했다는 것을 보여줍니다.
보고서는 생성적 AI와 MDM 간의 중요한 연결 고리를 강조하며, 고품질 데이터가 AI의 이점을 극대화하는 데 필수적이라고 언급합니다. 주요 MDM 솔루션은 지능형 데이터 통합, 데이터 일치/병합, 데이터 보강 및 중복 제거와 같은 기능을 제공하며, 모든 공급업체는 이제 플랫폼에 AI를 통합하고 있습니다.
Le Hackett Group (NASDAQ: HCKT) a publié son dernier Digital World Class® Matrix analysant le marché des logiciels de gestion des données maîtres (MDM). Le rapport souligne comment l'amélioration des normes de données peut conduire à une augmentation de la productivité du personnel de 300% et à une réduction des coûts financiers de 45%.
L'étude a évalué 16 fournisseurs de logiciels selon 26 critères de valeur, en se concentrant sur leurs capacités en matière de gouvernance et de gestion des données. Les principales conclusions montrent que 58% des utilisateurs finaux créent de nouveaux enregistrements maîtres en moins de deux heures, 55% maintiennent des enregistrements en double à 10% ou moins, et 75% ont amélioré la visibilité des données.
Le rapport souligne la connexion critique entre l'IA générative et le MDM, notant que des données de haute qualité sont essentielles pour maximiser les avantages de l'IA. Les principales solutions MDM offrent des fonctionnalités telles que l'intégration intelligente des données, la correspondance/fusion des données, l'enrichissement et la dé-duplication, tous les fournisseurs intégrant désormais l'IA dans leurs plateformes.
Die Hackett Group (NASDAQ: HCKT) hat ihr neuestes Digital World Class® Matrix veröffentlicht, das den Markt für Master Data Management (MDM) Software analysiert. Der Bericht hebt hervor, wie die Verbesserung von Datenstandards zu einem 300%igen Anstieg der Mitarbeiterproduktivität und einer 45%igen Senkung der Finanzkosten führen kann.
Die Studie bewertete 16 Softwareanbieter anhand von 26 Wertkriterien und konzentrierte sich auf deren Fähigkeiten in der Datenverwaltung und -steuerung. Wichtige Ergebnisse zeigen, dass 58% der Endbenutzer innerhalb von zwei Stunden neue Master-Datensätze erstellen, 55% doppelte Datensätze bei 10% oder weniger halten und 75% die Datenvisibilität verbessert haben.
Der Bericht betont die kritische Verbindung zwischen generativer KI und MDM und merkt an, dass hochwertige Daten entscheidend sind, um die Vorteile von KI zu maximieren. Führende MDM-Lösungen bieten Funktionen wie intelligente Datenintegration, Datenabgleich/-zusammenführung, Anreicherung und Duplikatsbereinigung, wobei alle Anbieter jetzt KI in ihre Plattformen integrieren.
- Report demonstrates significant operational improvements: 3X staff productivity increase and 45% finance cost reduction
- Strong market research coverage analyzing 16 vendors across 26 value criteria
- High success rates reported by end users: 75% improved data visibility
- None.
Report finds leading MDM technologies improve data standards that enable finance organizations to increase staff productivity (3X) and reduce finance costs (
Improving data standards has a transformational impact on finance organizations, driving a 3X increase in staff productivity and a
The Master Data Management Digital World Class® Matrix provides an in-depth guide to the leading software providers and the impact of their solutions on companies’ operations, generating accurate transactions, preventing fraud and improving revenue assurance. The report evaluated 16 software vendors for their capabilities and the value delivered to clients based on vendor briefings and customer data input across 26 different value criteria.
The report evaluates MDM vendors based on their capabilities and value realization. Capability ratings assess a vendor’s capacity to enable effective governance and management of critical data domains – including customer, supplier, product, and employee through core functions like data modeling, acquisition/integration, quality, security, user interface, and analytics.
Value realization ratings measure vendors’ impact on key MDM performance metrics such as data accuracy, record creation speed, issue resolution and overall user adoption. Among end users assessed,
Top vendors are excelling in the top three stated software selection objectives: improved data accuracy and consistency, increased operational efficiency, and enhanced decision-making. Leading solutions offer intuitive data modeling with intelligent data integration, along with key functionality of data match/merge, enrichment and deduplication. Select vendors are excelling with data security/privacy and delivering real-time dashboards.
All vendors are integrating AI into their platforms, including natural language interaction, automated data management and low-code/no-code development. Gen AI specifically enhances data accuracy by identifying and correcting errors while automating reconciliation. AI technology provides intelligent recommendations for data stewards, allowing them to focus on strategic tasks rather than repetitive data management activities.
“Organizations are rapidly learning that to fully exploit Gen AI-enabled applications, they must be fueled by timely and accurate data,” said Bryan DeGraw, associate principal and senior research director for Finance Market Intelligence at The Hackett Group. “Early adopters of MDM platforms are realizing significant improvements in critical process metrics such as time to create new records, data integration accuracy and deduplication. The benefits of MDM software are quickly realized in transactional processes such as order processing, customer billings, supplier payments and general accounting. Benefits continue to be achieved through improved forecast accuracy, reports and predictive analytics.”
By using this comprehensive analysis, functional professionals in finance, procurement, information technology, and human resources can make informed purchasing decisions aligned with the strategic priorities and critical metrics they seek to impact through improved master data governance and management.
MDM Digital World Class® assessments are part of The Hackett Group’s full 68-page report. The assessments should be read in the context of the entire report. A 33-page MDM Digital World Class® Matrix Report summary report is also available complimentary with registration. Inquiries about purchasing the full MDM Digital World Class® Matrix report can be made by visiting our Market Intelligence webpage.
The Hackett Group does not endorse any participant, vendor, product or service depicted in its research. This research should not be considered as advice that a buyer select only those participants based on their ranking or position on The Hackett Group’s Digital World Class® Matrix. You should not rely upon any material or information within this research as a basis for making any business, legal, financial or any other decisions. Any such reliance shall be solely at buyer’s risk. The Hackett Group research publications consist of the opinions of its research organization and should not be interpreted as factual statements. To the fullest extent permitted by law, The Hackett Group disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability, suitability or fitness for a particular purpose. The information contained in this research is provided on an “as-is” basis with no guarantees of completeness, accuracy, usefulness or timeliness. The Hackett Group assumes no responsibility or liability for damages of any kind arising from any information, data, content, materials, or references within its research, including but not limited to direct, indirect, incidental, consequential, special, and punitive damages.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.
Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including
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The Hackett Group®, quadrant logo, and Digital World Class® are the registered marks of The Hackett Group®.
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This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation, our ability to transition our capabilities to support generative artificial intelligence (AI)-related consulting services and solutions and other consulting services, our ability to effectively integrate acquisitions, including the LeewayHertz acquisition into our operations, our ability to manage joint ventures and successfully cooperate with our joint venture partners, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
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Source: The Hackett Group, Inc.
FAQ
What performance improvements did HCKT's MDM report reveal for finance organizations?
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