One Small Step for Data Management, A Giant Leap for Applications

A couple of weeks ago, Reltio was named a leader in The Forrester Wave™: Master Data Management, Q1 2016. While it wasn't exactly a moon landing it was a privilege to be recognized by one of the industry’s leading independent research firms, and we do believe this to be an important step towards a data-driven future.

We've been told that it is a rare honor for a new entrant into the market to be cited as a leader in this comprehensive study among long-established master data management (MDM) industry players. 

While Reltio was given the highest score in the strategy category, together with the second-highest score in the current offering category, what was even more significant was how we also received the highest score possible in relation to the business value and context criteria in Forrester’s report.  

Principal Forrester analyst Michele Goetz provided more around this topic in her blog post “Which MDM Tool Is Right For You?” in which she wrote:

The Forrester Wave for Master Data Management was published today. The results may surprise you.

MDM tools today don’t look like your father’s MDM. No longer an integration hub between applications and DBMSs, today’s tools are transitioning or have reinvented MDM to handle the context missing from system traditional implementations. Visualizations, graph repositories, big data and cloud scale, along with application like interfaces for nontechnical users, mean MDM and master data gets personal with stakeholders.
— Michele Goetz, Principal Analyst, Forrester Research

This report is a nice milestone for Reltio as it validates our core belief that reliable data has to be the foundation of any data management strategy. We’ve been saying that like oxygen and water, reliable data is now table stakes for businesses of any size. The ability to deliver both analytical insights and operational execution in a single application for their business teams is what every company has been searching for, and it is now a reality.

But MDM is not just what we are all about. It so happens that our modern data management Platform as a Service (PaaS) is a perfect fit to address the challenge of MDM, but as our CEO Manish Sood put it:

Our core mission goes beyond MDM. We are focused on simplifying all aspects of data management for IT, while delivering high value data-driven applications into the hands of frontline business users. Reltio Cloud achieves this by combining MDM with multichannel interaction data, predictive analytics, machine learning, all within a unified modern data management platform that operates at Internet scale leveraging big data.
— Manish Sood, CEO, Reltio

For the last 12 months, we’ve been myopic in our focus on delivering fast time to value through data-driven applications that are both operational and analytical in nature. The feedback has been amazing, with both customers and partners telling us that our applications are as easy to use as Google, LinkedIn and Facebook. With unique out-of-the-box features that support suggestions and collaboration similar to major consumer sites like Amazon and Yelp, they feel they finally have the support they were missing to be more productive and competitive in their jobs. When companies select Reltio, they are getting much more than just MDM.

Our PaaS is designed to both simplify data management and integration for IT, while delivering relevant insight and recommended actions, in context to business teams. In effect, bridging the gap that has long existed between the billions being spent on IT infrastructure and tools, and the billions being spent on applications and BI by business. For emphasis, we also announced the availability of Reltio Insights, our connector and on demand Apache Spark offering, in conjunction with Databricks, on the same day the report was released.

This report is a small step in our journey and would not be possible if not for the dedication of our employees, and the support of our customers and partners. On behalf of the team at Reltio, I would like to thank everyone who shares our vision of the next wave of enterprise data-driven applications. Today it just so happens that we also solved the reliable data MDM problem, but we feel we've taken a big leap towards the apps of the future, and the best is yet to come.