Reltio Overview
Reltio is a leading provider of cloud-native Master Data Management (MDM) solutions, offering a versatile and powerful Software as a Service (SaaS) platform designed to unify, cleanse, and manage multi-source data. Here’s a detailed look at what Reltio does and its key features.
What Reltio Does
Reltio’s Connected Data Platform is engineered to provide organizations with a 360-degree view of their data entities, including customers, products, and suppliers. This platform is tailored to serve diverse industries such as life sciences, healthcare, financial services, insurance, retail, high tech, travel and hospitality, and consumer packaged goods (CPG). It aims to deliver trusted, unified data that can be mobilized in real-time to enhance business operations, customer engagement, and decision-making.
Key Features and Functionality
Cloud-Native Architecture
Reltio’s platform is built on a cloud-native architecture, aligning with the growing trend of cloud-first strategies. This architecture enables organizations to harness the benefits of the cloud for effective data management, including scalability, flexibility, and rapid deployment.
AI and Machine Learning Integration
The platform is AI/ML ready, incorporating domain-specific machine learning models to streamline match and merge processes, enhance data steward productivity, and provide entity graphs across various entities. The latest release includes pre-trained Large Language Models (LLMs) through Reltio’s Flexible Entity Resolution Networks (FERN), which eliminate the need for extensive training and configuration.
High-Quality Data Management
Reltio ensures continuous and automated data quality management, offering real-time visibility into data patterns through intuitive dashboards. The platform helps resolve data quality issues quickly with machine learning recommendations, ensuring high-quality and accurate data is delivered to downstream systems.
Real-Time Data Integration
The platform supports real-time data integration, allowing businesses to work with the most up-to-date information. This is facilitated by a low-code/no-code development environment and over 1,000 pre-built connectors, simplifying data integration and ensuring seamless business operations.
Flexible Matching Methods and Tools
Reltio provides accurate and flexible matching methods and tools, including automated ML-based matching and the Match Rule Builder. This allows businesses to create match rules quickly and leverage custom survivorship rulesets for dynamic profile views.
Customer 360 Profiles and Dynamic Segmentation
The platform offers comprehensive Customer 360 profiles, including interactions and derived attributes. It enables dynamic segmentation based on behavioral data, such as purchases, claims, and call center interactions, to improve customer experience, retention, and growth.
Security and Compliance
Reltio’s platform is enterprise-ready, with certifications such as SOC 1, SOC 2, and HITRUST. It supports compliance with data privacy and security regulations like HIPAA and GDPR. The Reltio Business Critical Edition includes features like multi-factor authentication, disaster recovery configurations, and secure data transfers via AWS PrivateLink.
Industry-Specific Velocity Packs
Reltio offers industry-specific velocity packs that include prebuilt data models, match rules, configurations, and connectors. These packs help organizations achieve cleansed, interoperable core data and business value within 90 days, significantly reducing the time to value.
Multicloud Support
The platform supports a multicloud environment, allowing integration with AWS, GCP, and Azure. This flexibility ensures that organizations can tap into the latest innovations and choose the cloud platform that best suits their needs.
Conclusion
In summary, Reltio’s Connected Data Platform is a robust solution for master data management, offering advanced AI and ML capabilities, real-time data integration, high-quality data management, and robust security features. It is designed to deliver trusted, unified data quickly and efficiently, making it an invaluable tool for organizations across various industries.