The most common type of data in an organization is reference data. It affects daily operations and has useful information.
Reference data management tools are useful because they make it possible to access and share reference data across multiple systems and help data stewards fill in and manage it over time. Reference data managing tools not only automate workflows but also:
- Reduce errors and inefficiencies
- Cost reduction for operational and data management
- Use in data mapping
The list of paid solutions for reference data management presented above can also handle data quality management and data validation.
In this blog, we will explore the 15 best reference data management tools to help your organization store and manage your data easily.
What are reference data management tools?
Reference data management tools help to store, manage and maintain reference data, which describes and classifies other data. It can include codes, definitions, descriptions, and data that is used to sort or group other data.
Reference data is frequently used to provide context or meaning to other data. It is frequently used in conjunction with transactional data, which describes a specific business activity or transaction.
Companies can use these tools to store, organize, and manage this data in a centralized location, making it easy to access and use when needed.
15 Best reference data management tools
Reference data management tools are available, each with features and functions. Here are the 15 best RDM tools that are used frequently in the business world:
- Ataccama Reference Data Management
Ataccama Reference Data Management is a user-friendly, feature-rich web app for managing your reference data. It enables you to keep valid reference data in a centralized solution while also providing valid reference data to systems and users.
Key features:
- Data quality management
- Error-free authoring & editing
- Data integration & warehousing
- Unidata
The Unidata platform is a versatile platform for developing corporate data management software. Powerful tools are provided for automating the decision-making process, and it manages basic information and reference information regarding data quality (DQ).
Key features:
- Data quality management
- Data validation
- Powerful decision-making system
- Magnitude Kalido MDM
Kalido Master Data Management (MDM) software helps companies create and maintain a single, authoritative source of data about customers, products, and suppliers. The software improves data quality, consistency, and accuracy and ensures that all business processes use the latest and most accurate data. It is one of the best reference data management tools to manage reference data.
Key features:
- Data quality management
- Data modeling and data warehousing
- Data integration
- IBI (Information Builders)
Information Builders is one of the reference data management tools for data integration, quality, management, and governance. It offers flexible reference data management across the business. It empowers you to be successful data stewards by implementing centralized data collaboration, data lineage support, and a codified dictionary of acceptable words.
Key features:
- Data Quality Management
- Data lineage support
- EnterWorks Multi-Domain MDM
EnterWorks Multi-Domain Master Data Management (MDM) is a software solution that helps organizations manage and govern their master data across multiple domains or business areas. It is a platform for creating, managing, and sharing correct and consistent master data across different systems, applications, and business processes.
Key features:
- Integration with other systems such as CRM, ERP, and PIM systems.
- Connect and manage data from different data sources, such as a file, database, or cloud.
- Specialized in product data
- Epimorphics Reference Data Manager
The Epimorphics Reference Data Manager platform is a platform that assists your business in managing reference data, such as code lists or managed sets of identifiers. It provides tools for managing a reference term hierarchy, core reference data, code lists, and vocabularies.
The platform offers some extra services, such as versioning of identifiers, search and discovery, validation, and general namespace delegation.
Key features:
- Data distribution via APIs and file export
- User management and security
- Data governance workflows
- Collibra Data Governance
Collibra Data Governance is one of the reference data management tools that help organizations manage and govern their data. It is a platform for making, managing, and enforcing data governance policies and processes across different systems, applications, and business units.
Key features:
- Data quality and master data management solution
- Data privacy and security
- Centralized location for managing data assets
- TopBraid EDG–Reference Data Management (EDG–RDM)
TopBraid EDG–Reference Data Management (EDG–RDM) is a software solution that provides a full platform for managing and governing reference data. EDG–RDM helps organizations create, maintain, and share reference data across different systems and applications in a controlled and uniform way.
Key features:
- Allows users to define and maintain data models
- Provides data validation and quality rules
- Data governance workflows
- Semarchy xDM
Semarchy xDM is the only platform for master data management (MDM), reference data management (RDM), application data management (ADM), data quality, and data governance. The easy-to-use interface lets teams of any size work together to create, enrich, standardize, and validate data in workflows.
Key features:
- Centralized repository
- Web-based user interface
- Easy integration of data from multiple sources and platforms
- Profisee
Profisee is a web-based platform and one of many reference data management tools that offer a comprehensive solution for producing, managing, and regulating master data and reference data across many systems, applications, and business units.
It allows businesses to construct an accurate, consistent, and up-to-date centralized repository of master data and tools for data integration, data quality, governance, and analytics.
Key features:
- Tools for data validation
- Data governance workflows
- Easy integration of data from multiple sources and platforms
- Informatica Reference 360
Informatica Reference 360 is a software solution for managing reference data that Informatica offers. The solution helps organizations manage and control their reference data in a centralized and consistent way across different systems and applications.
Key features:
- Allows companies to integrate reference data from many sources and platforms.
- Allows users to define and maintain data models
- Data governance workflows
- IBM InfoSphere MDM Reference Data Management Hub
IBM InfoSphere MDM Reference Data Management Hub is one of the best reference data management tools for centrally managing and distributing reference data across an organization.
It allows you to centralize stewardship, auditing, and security for reference data management and dissemination throughout the company to process and regulate reference data.
Key features:
- Centralized repository
- Data lineage support
- Data governance workflows
- Dataedo
Dataedo is an on-premises data catalog and metadata management tool. You can classify, record, and comprehend your data using Dataedo. It also allows you to maintain all of your reference data in one place for easy access, distribution, and updating across several data sources.
Key features:
- BI reporting ( Business Intelligence)
- Data lineage support
- QuestionPro InsightHub
QuestionPro InsightsHub is a cloud-based repository for corporate research that makes it easier for all companies to access research and manage their data. It is a platform that enables organizations to manage their reference data and survey data efficiently.
It allows users to collect, store, and organize survey data in a single place and manage insight and reference data.
Key features:
- Data quality management
- Allows to organize, search, browse, and discover research data in one repository.
- Real-time dashboard
- Data integration & warehousing
- Informatica MDM Cloud
The Informatica MDM Cloud provides a central place to store and manage master data. It lets organizations keep a single version of the truth for their master data, improve data quality and consistency, and reduce data duplication.
Key features:
- Data governance workflows
- Data modeling and data warehousing
- Easy integration of data from multiple sources and platforms
LEARN ABOUT: Data Management vs Data Governance
Conclusion
The most common type of data in an organization is reference data. It has an impact on daily operations and provides useful insights. Reference data management tools assist data stewards in populating and managing reference data across many systems to deliver value.
We discussed the 15 best reference data management tools for your better understanding. Now it’s time to choose the best one that suits your organization.
If you need any help analyzing and storing your data, contact QuestionPro. QuestionPro is a survey software and data analytics platform that allows users to create and distribute surveys, collect responses and analyze data. It has many features, including survey design templates, data visualization tools, and integration with other platforms.
LEARN ABOUT: Customer data management
You can also utilize QuestionPro InsightHub to collect, store and analyze your data. The platform enables businesses to conduct surveys, quizzes, polls, and chats with a panel management of participants. It includes features such as real-time reporting, data visualization, and collaboration tools for managing research initiatives.
Try out QuestionPro today!
