As the market conditions evolve, Global 2000 companies need to pivot quickly to respond to changing business needs. Political, Environmental, Social, and Technological (PEST) trends frequently put companies in situations where they have to evolve their business models to address customer, competitive, or regulatory requirements. Companies that are resilient and responsive to the change not only survive, but they capitalize on the changes and thrive.
"We're accelerating innovation to deliver life-changing medicines and personalized experiences — replacing 67 legacy MDM systems with 3 interlinked regional hubs in Europe, APAC, and the US."
It is critical that your organization, processes, and technology keep pace with the changing business needs, meet changing customer expectations, and adopt new business models. Legacy MDM systems are rigid and inflexible. Every change to data sources, attributes may require redesign of the systems wasting precious time and resources. Simple changes such as adding new attributes to customer profiles may take months.
Are you stuck with disconnected and disjointed customer data from multiple channels, brands and lines of business or slow, constrained and rigid legacy master data management (MDM) systems?
If so, you’re not equipped to pivot fast. You’re not equipped to shift to digital, meet changing customer needs, or address evolving compliance requirements quickly.
What You Need to Succeed
Data leaders are under pressure to design their data strategies to tackle uncertainties and shifts in their business. Responsive data management technology supports such initiatives. Unlike slow, constrained and rigid legacy data platforms, they are agile and scalable to operationalize the responsive data strategy.
Reltio Connected Data Platform Powers Responsive Data Strategy
Reltio Connected Data Platform is a cloud-native platform that aggregates, refines, reconciles and relates data from hundreds of sources, while delivering continuously optimized performance. Any changes needed in data models, adding new data sources, adding attributes can be done immediately. Flexible workflows help quickly adapt to changing compliance requirements and elastic infrastructure help you scale up or down as the business demands.
Answer 10 questions to test your readiness! A Responsive Data Strategy enables businesses to be resilient and agile because they can use data in new ways to pivot and adapt.