8 Top Master Data Management Tools (2024)

The right master data management (MDM) solution for your needs varies based on how technical your users are, what industry you're in, and how you plan to use the data that you own.

Let's take a closer look at eight of the top MDM tools on the market right now.

1. Informatica

Informatica is a multi-domain MDM that uses artificial intelligence to help users understand their data.

The company calls its service an intelligent data management cloud, and customers can use it to store and scan their information. Informatica’s data integration solutions are useful for:

• Corporate decision making
• IT workflow automation
• Customer experience improvement

And because it's a cloud-based solution, you can connect your Informatica storage to hundreds of enterprise data sources, including:

• ActiveCampaign
• Jira
• Google Drive
• Marketo
• Microsoft Azure SQL Server
• Adobe Analytics

This makes it easy to remove silos and pull data from areas of your organization into one spot.

Who Should Use Informatica?

Informatica is a sound choice if your business needs to pull sales, marketing, or operations data into a centralized hub.

How Much Does Informatica Cost?

Informatica is priced by unit, so you only pay for what you use. The company also offers volume-based discounts. In order to discover how much each unit costs, though, you'll have to get in touch with an Informatica representative.

2. SAP Master Data Governance

SAP Master Data Governance is a central data hub.

It supports on-premise and cloud deployment, so you can pick the data management storage option that works best for your business.

With a SAP Master Data Governance account, you can:

• Pull in data gathered through a variety of external tools and processes
• Consolidate multi-source data into single views
• Share data out to other tools
• Review and improve data quality
• Develop data trend reports

The tool also allows users to leverage the power of AI algorithms to continually analyze and monitor the data coming into SAP.

Who Should Use SAP Master Data Governance?

If your company relies on data to optimize operations, you'll be a good fit for SAP's MDM—especially if you prefer an on-premises solution.

How Much Does SAP Master Data Governance Cost?

SAP Master Data Governance platform pricing starts at $87 per month. The total cost is based on your usage level, so you'll need to talk to the SAP team to get a quote.

3. Profisee

Profisee is a cloud-native MDM software solution.

The tool integrates with cloud computing platforms like Microsoft Azure and AWS, as well as Google services. By pulling data from different sources into Profisee, you can:

• Access data anywhere
• Automatically clean and organize imported data
• Fix duplicate or incomplete data sets
• Share data across different business functions
• Enforce data governance throughout an organization

While Profisee is a cloud-first service, you can deploy it to an on-premises server or create a hybrid setup.

Who Should Use Profisee?

Profisee could be a good fit if your data is stored in services like Azure or AWS—and you want control over how every team in your organization uses it.

How Much Does Profisee Cost?

Profisee offers unlimited data access, and you only pay for the resources that you use. You're allowed to scale your account usage up and down—or even pause it—as needed.

The company doesn't publish their usage pricing publicly, though, so you'll have to request a Profisee demo to learn more.

4. Stibo systems

Stibo systems is another cloud-native MDM solution.

Like the other MDM tools on this list, Stibo Systems enterprise data management platform (called STEP) allows users to pull in data from a variety of sources including:

• Amazon SQS
• Tableau
• Azure
• Tencent cloud
• Cloudflare
• Salesforce

It can also export data to select software programs like Adobe InDesign, allowing users to turn data into documents and other assets.

Who Should Use Stibo Systems?

If you want the option to use your data in a printed publication—but will primarily move data to and from digital sources—then Stibo Systems might be a solid choice.

How Much Does Stibo Systems Cost?

Stibo Systems doesn't make STEP pricing public, so you'll have to schedule a product demo to get a price estimate.

5. TIBCO EBX

TIBCO EBX is an MDM solution for collaborative teams.

As with other MDM tools, TIBCO EBX lets you bring in data from a variety of sources. Once the data is in place, you can then collaborate with your team to review, process, and transform it.

TIBCO EBX boasts several collaborative features. You can use it to:

• Set up workflows based on conditions
• Configure tasks for individuals and groups of users
• Automatically issue notifications about deadlines related to data tasks
• Build custom workflow dashboards for unified views
• Export data to Excel spreadsheets
• Create data models and visualizations

TIBCO EBX offers a drag-and-drop user interface, too, so all of your team members can explore and use the data as needed—no coding required.

Who Should Use TIBCO EBX?

Because you can manipulate your data with code or drag-and-drop tools, TIBCO EBX is a nice option for teams with technical and business users.

How Much Does TIBCO EBX Cost?

TIBCO EBX is one part of a bigger enterprise solutions platform, so you'll need to request a customized quote based on your needs.

6. Pimcore

Pimcore is an experience and data management platform.

The entire Pimcore Platform™ includes six tools with different data management capabilities. The entire suite allows you to use import and use data alongside visual assets, including pushing them to end points like:

• Applications and documents
• Sales channels
• E-commerce platforms
• Online marketplaces
• Print publishing tools

This makes it a nice choice for teams that need to collect customer or industry data and turn it into multimedia resources.

Pimcore is available as on-premise open source software, a cloud-based platform-as-a-service (PaaS), or a managed enterprise tool for large teams.

Who Should Use Pimcore?

Pimcore is best for companies that plan to turn data into published assets—both physical and digital documents. It's also the best choice for anyone in need of a free MDM tool.

How Much Does Pimcore Cost?

You can download the open source version of Pimcore right now for free. To access the PaaS or enterprise editions, though, you'll need to request a quote from the Pimcore team.

7. Syndigo

Syndigo is an MDM solution for retailers, manufacturers, and service-based businesses.

The platform combines its MDM solution with a product information management (PIM) system and a data asset management (DAM) tool. With these two tools, you can:

• Pull in data from multiple sources
• Conduct data validation
• Syndicate product data from the PIM to sales channels
• Share MDM data between sources

You can also opt to set up a separate MDM environment just for your customer data.

Syndigo shares some feature overlap with Pimcore—but while Pimcore helps you turn data into new assets, Syndigo is better for building out supply chains and enhancing real-world operations.

Who Should Use Syndigo?

If your business involves a supply chain, multichannel commerce, or a retail store, Syndigo will be one of the better MDM tools for your needs.

How Much Does Syndigo Cost?

Like many of its competitors, Syndigo doesn't publish pricing online—you'll have to get in touch with the company for a price quote.

8. Ataccama One

Ataccama One is an MDM and data governance tool.

Like SAP and Profisee's MDM solutions, Ataccama lets you pull in data from a variety of sources, validate it, and guide how your organization uses this information.

Ataccama offers something those two tools don't, though: a centralized reference data management solution.

This feature allows you to store critical data points—like information about your business systems, brand guide, team onboarding, and more—in one central location. Your team members can then pull these references and use them in their projects.

Who Should Use Ataccama One?

If you need to ensure that team members use internally sourced or alternative data consistently and correctly, then Ataccama is a good choice thanks to its reference solution.

How Much Does Ataccama One Cost?

Ataccama is available as a cloud-based PaaS, an on-premises solution, or a hybrid model. You'll need to get in touch with the company to pick the best option for your needs and receive a price quote.

Conclusion

Data is one of the most valuable assets a company has—and using it correctly can help your business processes run effectively. Learn more about how to leverage data for success with our guide to the big data trends you need to know about right now.