Why you should move to a Modern Product Information Management Solution?
Beyond information, customers are looking at how other customers are rating products and reviewing them. Today, it is not enough to just provide rich information, customers are expecting enterprises to provide contextual, and consistent product information on all points of access throughout their buy-lifecycle of a customer. Enterprises need to rethink how to discover, manage, govern, and analyze data, transactions, interactions, and policies.
PIM is no longer just about Product Information Management, but also Product Intelligence Management and Product Insights Management.
With a Modern PIM, you can
- Achieve Strategic Agility by using Product data as an Asset
- Focus on what matters most – Drive Revenue by Customer Obsessed Product Innovation
- Be Ready to Connect to other Modern Technologies and other Data Domains
Achieve Strategic Agility by using Product data as an Asset
The increased global competition calls for agile business structures which are flexible enough to bend and adapt to the frequent changes in business strategy. PIM equips businesses with a streamlined data flow which is crucial for a complete digital transformation.
Read how you can achieve Corporate agility through with a Modern PIM http://www.riversand.com/blog/complexities-global-pim/
Traditional PIM solutions offer a single source of truth for product master data. In the current age, it is becoming essential for PIM solutions to be the single source for all product information, across the enterprise. The data may be stored and managed in different systems, but the answer lies in creating a consolidated data repository with scalable services layer on top. It would serve not only as the publisher of product data across all internal systems and customer touchpoints but also as a common platform to obtain insights and be able to do analytics on all product information.
Read about the three aspects to consider in a PIM solution
Focus on what matters most – Drive Revenue by Customer Obsessed Product Innovation
PIM facilitates a data-driven decision-making model that helps companies to innovate by incorporating the customer feedback into their product introduction cycles. PIM helps enterprises reach new markets and improves customer loyalty by providing the right product for the right customer at the right time. PIM improves the bottom line by accelerating New Product Introduction (NPIs), reducing marketing costs, identifying risks and preventing the potential problems in the supply chain.
Be Ready to Connect to other Modern Technologies and other Data Domains
A Modern PIM application sitting on top of a robust MDM platform enables you to connect other data domains and other modern technologies. Future-ready data management solutions augment base PIM capabilities by not only connecting to marketing, content management, digital asset management solutions but also allowing businesses to achieve company objectives by becoming more data-centric than application-centric.
Read Riversand’s Press Release on Next Generation PIM Capabilities http://www.riversand.com/newsevents/riversand-aims-at-next-generation-pim-capabilities/