Report states that having an innovative MDM solution is increasingly mission critical
London, UK, January 31, 2023 – Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has been recognized as a notable vendor in the Forrester report, The Master Data Management Landscape, Q1 2023. The report aims to help enterprise organizations select an MDM provider based on size and market focus. According to the report, MDM can be used “to create a single source of truth for all enterprise data, break down data silos to reduce time to insights, and expedite innovation with agility to increase revenue.”
The MDM landscape report recognizes that “Enterprise data is core to business development, strategy, and day-to-day operational management. The availability of diverse and rich data can help companies learn to better anticipate customer needs, create personalized solutions, and tap into new markets.” The report recognizes that as more organizations struggle to scale with today’s data volumes, having an innovative MDM solution is increasingly mission critical to eliminate costly inefficiencies brought on by data silos and to serve the diverse needs of organizations.
Top use case scenarios for the MDM market noted in the report include Customer 360, Data Quality, Multidomain MDM, and supplier MDM. The Forrester report listed Quantexa’s MDM solution as a general-purpose platform that can be used to build any domain application with self-reported industry focus on financial services, insurance, and government. Quantexa’s self-reported top use case includes Compliance, one of the extended use cases noted in the report.
The report states that “MDM platforms are evolving to automate multiple steps in the process like data ingestion, integration, cleansing, structuring, transformation, and enrichment.”
The report recognizes the evolution of MDM having started with the simple unification of multiple data sources to what it is today – synchronizing data to becoming a central hub for not only enterprise data, but also data governance, privacy, security, and compliance.
Dan Higgins, Chief Product Officer at Quantexa, said: “We are pleased to be included in the 2023 Q1 Forrester Master Data Management Landscape report, alongside a list of 21 other notable vendors. At Quantexa, our Decision Intelligence platform provides best in-class entity resolution that connects disparate and siloed internal and external data at scale with 99% accuracy. Quantexa also supports dynamic entity resolution, which provides organizations with the unique flexibility to leverage a single deployment across multiple use cases. This, in-turn, allows our customers to quickly solve data challenges, protect, optimize, and grow their businesses with improved operational efficiency.
About Quantexa
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 550+ employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, contact Quantexa here or follow us on LinkedIn.
Media Enquiries
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: [email protected]
You may be interested in…
Quantexa Acquires Aylien an Award-Winning Provider of AI-Based Risk & Market Intelligence Solutions
Quantexa announces that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.
Quantexa Adds Financial Services and Technology Heavyweights to its Advisory and Board of Directors
Quantexa announces the appointment of Sarah Diamond to its board of Directors, and Gay Huey Evans to its Advisory Board.
Quantexa VP, Dax Aiken, Named CRN 2023 Channel Chief
CRN®, a brand of The Channel Company, has recognized Dax Aiken, VP at Quantexa, as one of its 2023 Channel Chiefs.
Enterprise Decision Makers Recognize Data Isn’t Trusted When Making Decisions In Their Organization
New research reveals the top priorities for UK Data and IT decision makers in 2023 as they drive strategic, operational, and tactical decisions during global uncertainty
Cutting Edge Data and AI Tech to Help Government Hunt Down Fraudsters
Quantexa’s Decision Intelligence Platform will be implemented to fight economic crime, targeting public services and modernizing the civil service.
QuanCon 2023: Protect, Optimize, Grow
QuanCon, an exclusive conference for executives and organizational decision makers, will take place on February 28th, 2023, at London’s Royal College of Surgeons
Related Solutions
Tax Authorities
Reduce the tax gap, identify fraud and non-compliance, and operate as efficiently as possible with limited resources.
Anti-money laundering
Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Customs Agencies & Border Control
Contextual Decision Intelligence enables faster decisions, increased revenue collection and enhanced compliance. The Quantexa platform enables Customs and Border agency teams to analyze data successfully, automate and accelerate decision-making, and achieve improved results.
Fraud
Identify potentially fraudulent activity by looking at people or transactions in isolation. Understand the context surrounding the organizations you do business with to make fast, accurate decisions.
Fraud, Waste & Abuse
Empower your team with the best tools available for today’s challenges to identify and prevent fraud, waste and abuse with contextual decision intelligence software.
Credit Risk
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Customer Intelligence
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Revolutionize Your Financial Crime and Fraud Detection
Investigations
Enhance the efficiency, effectiveness and consistency of your operational and complex investigations to empower your teams to expose and understand risk faster.
Master Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
Compliance
See how we help to reduce costs and improve coverage for financial crime compliance.
CDO
See how our platform uses contextual analysis to turn data into a high value asset.
CIO
See how our platform uses financial crime technology to enhance your existing IT ecosystem.
Healthcare
Reduce the tax gap, identify fraud and non-compliance, and operate as efficiently as possible with limited resources.
Contextual Monitoring
Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Unified CRM Solution
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Growth and Retention
Contextual Engagement
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
Connected Customer View
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.