Reltio today released the 2023.2 version of its flagship Connected Data Platform, infusing more artificial intelligence (AI)-powered capabilities to help enable enterprises with master data management (MDM) operations.
The Reltio Connected Data Platform provides organizations with MDM capabilities, which are increasingly critical for business operations, analytics and AI. The idea behind MDM is that there is a master record, sometimes referred to as the “golden record,” for a given data entry. That entry could be a user name, address, product or other data attribute that needs to be accurate. With data coming from multiple sources, there can be discrepancies that need to be resolved, in a process known as entity resolution.
With the 2023.2 update, Reltio is introducing AI-powered entity resolution that uses the power of large language models (LLMs) to help solve the challenge.
“AI, especially with the evolution of the large language models, makes a lot of sense because a lot of the disambiguation requires knowledge of other aspects that may or may not be part of the data itself,” Manish Sood, founder and CEO of Reltio, told NeuralNation
Reltio, a leading provider of cloud-based software for enterprise data management, has unveiled their latest release of AI-enabled Master Data Management (MDM) platform. The new version of the platform is designed to deliver faster, more intelligent insights for organizations using customer, product and other kinds of master data for global operations.The latest version combines machine learning, predictive analytics and artificial intelligence to help organizations build more accurate profiles of their customers, while also providing the flexibility to quickly analyze, manage and access master data from multiple sources.
Reltio’s AI-enabled MDM utilizes an AI-based universal search engine that can quickly map, merge and standardize data from every source of record. The platform can provide actionable insights such as customer trends, predictive analytics and recommendations on how customers can be targeted more effectively. The powerful analytics capabilities of the platform can also detect and alert to incorrect and potentially fraudulent data.
The new version of the MDM platform also comes with a powerful data governance suite that can be used to manage permissions, roles and access to the data. This suite also enables organizations to perform auditing and compliance checks on their master data records and ensure data integrity.
The latest release from Reltio is also fully optimized for big data and cloud deployment and designed to easily integrate with existing applications.
Reltio’s AI-enabled Master Data Management platform is a powerful tool for businesses to gain insights from their customer and product data in real-time and make the most out of their global business operations. With its powerful analytics and data governance capabilities, the platform is sure to revolutionize the way businesses manage their data.
