Reltio, the leading cloud-native, SaaS MDM company that accelerates the value of data for enterprises, announced today several new features inside Reltio's Connected Data platform that offer fast, accurate, and trustworthy data that customers can rely on to drive real-time operations and analytics. The release today includes many major platform upgrades that will provide enterprises with additional tools to drive better business choices, boost business agility, and enhance customer experience.
Improved visibility and continuous, automated monitoring are provided by real-time data quality management capabilities.
A lack of clean, linked data makes fast and high-quality business choices difficult, resulting in poor customer service and revenue and efficiency losses. Furthermore, faulty data is more than just a nuisance; it has a huge financial impact. Gartner® reports that "every year, poor data quality costs organizations an average of $12.9 million."
Reltio now provides extensive real-time data quality capabilities as part of its core capabilities, at no additional cost, providing a proactive approach to dealing with timely trustworthy data. Unlike other MDM systems, which only give point-in-time insights, Reltio delivers improved visibility as well as continuous and automatic monitoring in a single location. A new interactive dashboard for real-time insights, including data attributes, patterns, and trends for entities and connections, is among the newly available features. Reltio enables organizations to use high-quality data, including reference data, with confidence on an ongoing basis by continually verifying, standardizing, and matching data utilizing machine learning.
“Our research shows that nearly two-thirds of organizations struggle with data quality, often preventing them from operating at the speed of their business. With its latest updates, Reltio is introducing advanced data quality management capabilities that provide real-time visibility and automated monitoring that will help organizations address these issues.”
David Menninger, SVP and Research Director, Ventana Research
“The Reltio Integration Hub has been integral in helping us connect accurate and trusted data three times faster than alternative solutions. Furthermore, we are still able to enrich our data and we’ve been able to lower costs by about $100,000,” said Sajid Syed, Sr. Director, Enterprise Data Platform, Advarra.
“Customers are at the heart of all we do. We have a history of fueling innovation that is rooted in solving our customers’ biggest data challenges. Customers are seeking a modern master data management solution with continuous data quality and faster data activation to enable real-time operations – we offer it all in one platform. At Reltio, we believe that your business will deliver better outcomes with clean, easily consumed, real time data. It is rewarding to see the early positive feedback from customers and we look forward to helping them achieve their business objectives,” said Manish Sood, Founder and CTO of Reltio.