To handle master data management (MDM), companies are finding themselves choosing between their existing on-premise data management solutions and newer, cloud-based services.
While on-premise systems have been reliable for years and work for certain industries, cloud-based solutions are rapidly becoming the preferred choice for many organizations — and for critical reasons.
Between their flexibility, cost efficiency, heightened security, and speed, cloud-based data management solutions are the obvious choice for companies looking to scale their business at the rate it takes to keep up with today’s market demands. Let’s talk about what sets cloud services apart from traditional on-premise systems of the past.
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The advantages of a cloud-based solution
Due to being on-site, traditional on-premise data centers are limited by their infrastructure. This makes it harder to scale your operations and respond quickly to your consumers’ specific needs.
In contrast, a cloud-based solution can grow with your business, and you can customize cloud software to adapt to any changes within your company.
Plus, the cloud infrastructure offers real-time updates of your master data across multiple departments and locations.
If you’re on the fence about ditching your on-premise data center and upgrading to the cloud, let’s explore four of the biggest advantages of cloud-based solutions:
1. Quick setup: Fast implementation at a low cost
One of the key differences between on-premise solutions and cloud-based data management comes down to implementation.
Installing an on-premise data management system takes time, and some businesses find themselves waiting weeks or even months to see all the necessary hardware arrive — not to mention setting it up and updating it with the necessary on-premise software.
Plus, traditional on-premise systems come with hefty upfront investments in hardware maintenance costs and software licenses — what we call capital expenses (CapEx).
With a cloud service, these upfront costs are eliminated, which means you can turn that unspent money into operational expenses (OpEx) that don’t have to be justified by your finance team.
Plus, cloud platforms utilize technologies such as Infrastructure-as-Code (IaC) and self-healing capabilities, which means less downtime and quicker returns on your investment
2. Data protection: dependency, security, and compliance
While early concerns about cloud security made some businesses hesitant to adopt cloud solutions, modern cloud platforms are now more secure than most on-premise systems.
Why? Because service providers invest heavily in state-of-the-art data security technologies that exceed the resources many companies can realistically allocate to their internal data systems.
In addition, when it comes to compliance, on-premise providers often don’t have the ability to keep up with changing compliance requirements, which can leave businesses at risk of falling behind on important regulations and security updates.
At Stibo, we address your privacy concerns and eliminate the need for manual updates by offering features like role-based access control (RBAC) that help you manage exactly who can access your data, and we use advanced encryption models to protect your sensitive information from data breaches.
Plus, our cloud solution comes with built-in data governance tools with strict regulatory standards in mind, leaving you secure about your overall compliance.
3. Speed: The name of the game
f you’ve been operating with traditional on-premise systems, you won’t be surprised to hear that they’re known for significantly slowing down operations.
If you’ve ever had a problem and had to wait for an IT team to deal with outages, fix bugs, or perform system maintenance, you know exactly how long these manual processes can take — especially if you’re waiting in line behind other tickets.
Instead of waiting hours, days, or even weeks to get your system back up and running, choose a cloud-based SaaS (Software as a Service) solution that lets you perform updates, add new features, and fix bugs on demand.
This keeps your operations moving at lightspeed and gives you the ability to respond quickly to any issues at the push of a button.
4. Financial flexibility: A budget that works for you
Not only do you want to lower your costs, but you want your business to remain financially flexible.
This means having the ability to adapt to changing market conditions, invest in new opportunities, and manage unexpected expenses without compromising your operational capabilities.
Cloud solutions operate on a subscription-based model. This makes it easier for you to budget and eliminates the total costs associated with on-premise management. Plus, cloud solutions include helpful services like backups, disaster recovery, and security, all handled by the cloud service provider.
This means businesses can avoid the extra costs associated with maintaining these features all by themselves.
At Stibo, our MDM solution is available on the Azure Marketplace, which means you can use your Microsoft Microsoft Azure Consumption Commitment (MACC) agreement to optimize your budget and scale your business at a manageable pace.
The features of Stibo System’s cloud solution
We know that upgrading from a traditional on-premise system — especially one that took months or years to deploy — is a daunting decision.
To do so requires the promise of significantly improved operations, faster implementation, added security, and, of course, greater cost savings that will impact your business.
Stibo System offers a cloud-based SaaS MDM with the critical features you need to justify making the big change. With Stibo Systems, you can:
- Centralize your product information with PIM. Manage all your product data in one place for consistent updates across all channels.
- Gain full visibility into your product lifecycle. Use our Product MDM to track every stage of your product, from creation to pricing history to retirement.
- Take complete control of your digital assets. Easily manage and share images, videos, and documents along with your product data.
- Improve your operational efficiency. Automate your data processes to reduce errors and enhance your customer experience.
- Customize your data model. Adapt your data model to your unique business needs and stay agile in a changing market.
- Ensure your security, compliance, and data protection. Employ built-in security measures designed to help you meet regulatory standards and protect your sensitive data from unauthorized access.
SOLUTION SHEET
Product Experience Data Cloud Solution Sheet
A bold shift in data management
Ready to join the cloud and say goodbye to your on-premise infrastructure?
Start your cloud deployment with Stibo Systems, and we’ll make sure your product data management is secure, cost-effective, and designed to scale as your business grows.
As your MDM cloud provider, we don’t just remove disruptions from your day-to-day workload; we reshape how you manage critical aspects of your business, from finance and compliance to operations.
Learn how our Product Experience Data Cloud use cloud technology to give you greater flexibility and ultimate scalability in your data storage.
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Product Experience Data Cloud
