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News

Initiate Systems unveils new master data management solution

Initiate Systems : 19 September, 2007  (New Product)
Initiate Systems has introduced its innovative Initiate Master Data Service version 8.0, which is a comprehensive master data management (MDM) platform.
The platform delivers single, trusted and complete versions of critical data assets in real-time to the people, processes and applications that rely on them.

Initiate Master Data Service, which is an advancement of the company’s Initiate Identity Hub software, serves as a platform for organizations to apply master data management techniques to the business problems and needs of specific markets such as healthcare, financial services, retail, hospitality, high tech and national intelligence.

Initiate Systems enables organizations to strategically develop and share critical data assets. The company’s MDM software and expertise as an information exchange leader provide organizations with one of the most complete, accurate and real-time views of data spread across multiple systems or databases, even outside the firewall.

“Today’s explosion of information has yielded huge volumes of data about people, places and things, which are fragmented across disparate systems and diverse operating environments,” said Bill Conroy, CEO and president of Initiate Systems. “Information vital to the success of organizations of all kinds exists in silos scattered across business, healthcare and government ‘ecosystems.’ Now, exchanging data in a timely, accurate and secure manner is more critical to companies, departments and agencies than who owns the information or where it’s stored.”

Conroy explained that Initiate Master Data Service delivers trusted versions of critical data assets to users, processes and systems to drive strategic and tactical decision making. The service is designed to provide comprehensive single views of data domains such as, vehicles, locations, incidents, suspects and people to both end users and automated business processes that rely on these views to function efficiently.

“We believe our Initiate Master Data Service will provide customers in the commercial enterprise, healthcare and government arenas with a flexible, scalable and cost-effective way to enhance revenue, lower operational costs, improve compliance, better manage risk, improve strategic decision-making and increase business agility,” he added.

Initiate Master Data Service provides identity or data matching and management, data modelling, information quality management, data sharing, relationship and hierarchy management, as well as multi-lingual, integration and synchronisation capabilities.

Using the Initiate Master Data Service platform customers and partners can develop their own master data applications for any type of data. Initiate Master Data Service delivers trusted versions of critical data assets, processes and systems to both end users and automated business processes that rely on this data to function efficiently and to drive strategic and tactical decision-making.

Organizations can master multiple data domains on the Initiate Master Data Service platform. Examples of data that can be mastered include: consumers, organizations, patients, providers, vehicles, locations, incidents, suspects and citizens.

In addition, relationships within and between data domains can be identified and managed. This includes the following examples:

- Companies’ subsidiaries and branch locations
- Consumers in a household
- Customers’ contracts, products and pricing
- Distributors and their customers
- Law enforcement agencies across jurisdictions
- Regional healthcare organizations and hospitals, providers, labs or other healthcare agents
- Health Insurance companies, providers and patients

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