Reltio Innovation Delivers Real-Time Data Quality Management and Faster Integration Development
Latest release features cloud-native continuous data quality management and enhancements to help fuel real-time operations, minimize risk, and increase revenue.
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Reltio, a leading cloud-native, SaaS MDM company, announced new capabilities within Reltio’s Connected Data platform that deliver timely, accurate, and trusted data users can rely on to fuel real-time operations and analytics. The announcement includes several key updates to the platform that will give organizations added capabilities to drive better business decisions, increase business agility, and improve the customer experience.
Real-Time Data Quality Management Capabilities Provide Increased Visibility and Continuous, Automated Monitoring
Lack of clean, connected data impedes timely and high-quality business decisions, resulting in poor customer service, loss of revenue, and lack of efficiency. Furthermore, bad data is more than an inconvenience; it also has a significant bottom-line impact. According to Gartner, “every year, poor data quality costs organizations an average of $12.9 million.”
As part of its core capabilities -- and at no extra cost -- Reltio now offers comprehensive real-time data quality capabilities enabling a proactive approach to working with timely trusted data. Unlike most MDM solutions, which provide point-in-time insights, Reltio provides increased visibility with continuous and automated monitoring in one place. Newly released features include a new interactive dashboard for real-time insights, including data characteristics, patterns, and trends for entities and relationships. Reltio enables businesses to confidently use high-quality data, including reference data, on an ongoing basis by continuously validating data quality, standardizing, and matching using 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,” said David Menninger, SVP and research director at Ventana Research. “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.”
Reltio Integration Hub Upgrades Accelerate Data Activation for Fast Time to Value
Legacy platforms in the industry can take upwards of weeks, or months to implement and integrate their applications, which can create additional delays and cost implications.
Built into its cloud-native SaaS MDM offering, Reltio Integration Hub delivers the ability to innovate faster and reduce costs and complexity. Using a low-code/no-code approach and prebuilt connectors, Reltio Integration Hub provides organizations unparalleled business agility, enabling them to integrate their trusted data quickly and easily with upstream and downstream applications and data stores within hours. Key updates to the hub include optimizations for faster development for application integration and data enrichment.
Using Reltio Integration Hub, customers are realizing tangible value by lowering costs. A single connector has a major healthcare organization saving $300,000 per year from application reconciliation. An industrial equipment retailer maximized ROI by creating a direct connection to Salesforce in just four days.
New User Interface Increases Ease of Use and Productivity
Reltio’s new user interface delivers simplified navigation, enhanced visualizations, and improved transparency providing an even more intuitive experience. It now allows users to increase productivity, identify process issues, get real-time insights, and achieve a clear 360-degree view of customers, products, suppliers, locations, and more.
Reltio serves companies of all sizes and industries, including 14 of the Fortune 100, and globally recognized customers such as CarMax, Empire Life, National Grid, L’Oreal, Xerox, Takeda, and AstraZeneca. Its customers span a wide range of industries, including life sciences, healthcare, financial services, technology, and retail.
To learn more about Reltio, visit www.reltio.com.