ATLANTA, GA, June 03, 2015 – Stibo Systems, the global leader in multidomain Master Data Management (MDM) solutions, today announced that it has outscored the competition achieving a near perfect score in Ventana Research’s 2015 Value Index for Product Information Management (PIM) for the third consecutive time. In this year’s Index, Stibo Systems surpassed all vendors and ranked first in four of the seven categories, including usability, capability, validation and total cost of ownership/ROI.
Winners were chosen based on Ventana’s evaluation of 10 vendors and in the context of the key categories. The Value Index examines an organization’s existing and planned approaches to PIM, including best practices and steps for improvement.
- According to the report, the benefits of using a dedicated PIM technology can be significant as more than 40 percent of organizations said it can help eliminate data errors, improve cross-sell and up-sell opportunities and improve the customer experience through consistent product information.
- Unlike many IT analyst firms that rank vendors from an IT-only perspective, Ventana Research has designed the Value Index to provide a balanced perspective of vendors and products that is rooted in an understanding of business drivers and needs. This approach reduces cost and time and also minimizes the risk of making poor business decisions.
- In addition to evaluating the software in the context of seven key categories, five are specifically product-related: adaptability, manageability, reliability, usability and functionality. Also, Ventana considers two customer assurance categories: total cost of ownership and return on investment, and validation.
“The Ventana Research Value Index for Product Information Management (PIM) is an analytic representation of our assessment of how well vendors' offerings meet buyers' requirements for software that enables and supports Product Information Management,” said Mark Smith, CEO and Chief Research Officer of Ventana Research. “Stibo Systems is recognized for its demonstrable ROI and Validation of its focus on business process and applications, and should be congratulated for achieving top Hot Vendor ranking in the 2015 Value Index for Product Information Management.”
Stibo Systems Quote:
“As the global leader in Product Information Management solutions, Stibo Systems continues to be recognized for its breakthrough technology and innovation by some of the world’s leading authorities, and we are thrilled to receive the highest ranking from Ventana’s PIM Index,” said Andreas Lorenzen, President for Americas at Stibo Systems. “Keeping a brand strong and maintaining product consistency is inherently complex for companies in today’s digital landscape, and any organization looking to assess, validate and improve its PIM investments and technology should utilize the Value Index as a key part of its evaluation process.”