Aarhus, Denmark, February 9 – Global master data management (MDM) company Stibo Systems has been recognized among notable vendors, in the large vendor market size segment (with revenue over $100 million) among MDM solution providers in Forrester Research’s report, "The Master Data Management Landscape, Q1 2023."
The Forrester report aims to help business, technology, and data leaders understand the value they can expect in an MDM: "You can use master data management (MDM) to create a single source of truth for all enterprise data, breakdown data silos to reduce time to insights, and expedite innovation with agility to increase revenue." The top use cases identified in the report for the MDM market are customer 360, product 360, multidomain MDM, data quality, and supplier MDM, which Stibo Systems also self-selected as the top use cases for which customers choose their product. The Forrester report listed Stibo Systems MDM solution among general-purpose platforms that can be used to build any domain application.
Through an overview of MDM solution providers, the report details key market dynamics, such as capabilities like security, privacy, governance, quality and compliance moving to the cloud. It identifies the challenge of connecting master data with tangible business objectives, stressing the importance of coordinating an organization’s effort on multiple fronts to increase trust in data, resource utilization, solution maturity and data literacy to secure buy-in from stakeholders and leaders.
"Forrester’s latest report provides key insights into the trends and challenges that are defining the MDM space right now," said Adrian Carr, Stibo Systems CEO. "We continue to lead conversations about the topics that matter most to our customers, from cloud-native deployment with real-time data integration and automation to proving sustainability actions to stakeholders."
Please find the full Forrester report (available to Forrester subscribers and for purchase).
About Stibo Systems
Stibo Systems is the leading enabler of data transparency through master data management and data syndication. Built on an open platform with scalable, cloud-native SaaS technology, our solutions empower many of the largest and most innovative global companies with better data quality and visibility. This creates a trusted data foundation for enhancing operational efficiency, making informed decisions, delivering superior customer experiences, and supporting sustainability initiatives. Headquartered in Aarhus, Denmark, Stibo Systems is a privately held subsidiary of Stibo Software Group, which guarantees the long-term perspective of the business through foundational ownership. More at stibosystems.com.