Collibra’s Data Governance and Reference Data Leadership Highlighted in New Report from MDM Institute
Reference Data Accelerator Product Lauded as Key Resource for Enhancing Enterprise Master Data Quality, Consistency and Value
NEW YORK, April 2, 2014 /PRNewswire/ — Collibra, the industry’s only data governance and data management solution built for the business user, today announced that its Reference Data Accelerator is prominently featured in a new field report from the MDM Institute. Authored by founder and Chief Research Officer Aaron Zornes, the report looks at the crucial role Reference Data Management (RDM) plays in Master Data Management (MDM) best practices, which in turn, create direct and immediate value for enterprises.
“Because reference data is used to drive key business process and application logic, errors in reference data can have major negative and multiplicative business impact,” notes Zornes in the report. “Collibra’s Reference Data Accelerator is a powerful, reliable alternative to the patchwork of home-grown systems and mega-vendor solutions currently deployed by many companies. Moreover, Collibra excels in the stewardship processes that are key to reference data; and the architecture is a great fit for business stakeholders directly involved in the authoring and governance.”
According to the MDM Institute’s RDM market study, the market for Reference Data Management software (multi-domain RDM, excluding real-time RDM) reached US$165 million during 2013 and will exceed US$350 million by 2015. While incumbent MDM vendors hope to gain traction in the RDM space, Collibra is increasing market share with 100 percent year over year growth due to the company’s highly focused expertise and product suite.
The report positions Collibra as an challenger to the RDM Hub solution from legacy vendors such as IBM in terms of sales and installations globally. To date, Collibra has secured more than 50 major customers, including many well-known national and global brands in the banking, health care, technology, insurance and higher education markets.
“Our unprecedented success in the field, particularly in competitive situations with ‘mega-vendors’ is proof that today’s business-focused enterprise customer values flexibility, ease of use and a focused approach over simple incumbency,” said Stan Christiaens, Co-Founder and Director of Operations at Collibra. “Our Reference Data Accelerator provides an accessible and powerful way to centrally create, change, govern and distribute reference master data while seamlessly integrating with the client’s existing investments in Master Data Management and Data Quality software.”
To view the full report, please visit http://www.collibra.com/resources/field-report-collibra-reference-data-accelerator/.
Collibra is a Silver Sponsor and Exhibitor at the upcoming Gartner Enterprise Information and Master Data Management Summit to be held in Las Vegas, April 2-4, 2014. More details are available here:
Collibra is the industry’s only global data governance provider founded to address data management from the business stakeholder perspective. Delivered through a cloud-based or on-premise solution, Collibra is the trusted data authority that provides data stewardship, data governance and data management for the enterprise business user. Combining entrepreneurial roots with software and artificial intelligence expertise, Collibra was named a Cool Vendor for Enterprise Information Management. Founded in 2008, Collibra is privately held with locations in in New York and Brussels, Belgium. For more information visit www.collibra.com.
About The MDM Institute:
The MDM Institute is the world’s leading research and advisory consultancy exclusively focused on master data management. As chief research officer, Aaron Zornes delivers the technology-related insight necessary for its clients to make the right decisions in their use of master data management (MDM), customer data integration (CDI), reference data management (RDM) and data governance solutions to achieve their customer-centric business goals. The MDM Institute delivers its research and advice to more than 60,000 clients in 10,500 distinct enterprises via Twitter, Linked In, Xing, Google+ and email newsletters. Additionally, each year more than 2,000 paid delegates attend its MDM & Data Governance Summit conference series held in London, New York City, San Francisco, Shanghai, Singapore, Sydney, Tokyo and Toronto (now in its ninth year). For more information, visit www.the-mdm-institute.com.