In this guide, we are going to discuss about.
Table of Contents
- What is Product Information Management?
- Future of Product Information Management – market expansion and growth
- Why do retailers switch to PIM?
- Benefits of considering PIM for retail business
- Omnichannel – the future of retail
- Benefits of omnichannel approach to the retailers
- Omnichannel transforms the future of shopping
- Omnichannel a built-in part of PIM
- Latest trends in Product Information Management
- Best practices of Product Information Management
- Product Information Management system – how to use it?
- 5 Best Product Information Management platforms
- Which Product Information Management platform for your online business?
If your organizational goal is to increase revenue and sales, then you must read this post.
What is Product Information Management?
Product Information Management is a process of collecting, managing, enriching, aggregating, and distributing high-quality product data across multiple customer touchpoints. It emphasizes product data that is required to promote and sell on all the intended output channels.
The PIM system manages a massive amount of data and distributes it across all the leading sales, marketing, and eCommerce touchpoints.
A lot of information comes under product data that are divided into three categories:
- Usage information
- Technical information
- Emotional information
Without having the usage information, it is tough to use some products.
For example, you must be aware of the Star Wars LEGO set. It contains hundreds of distinct parts. Without correct usage information, kids won’t be able to understand how to play with the LEGO set and how to assemble the pieces correctly.
If the kids are not able to put the right pieces together, it doesn’t mean they are not creative. It is just that without the exact usage information, it would be hard for the kids to do it right.
For some products, technical information is quite crucial to ensure the product works as expected.
For example, imagine you need to buy a mobile without any technical information. How can you judge the camera resolution, internet compatibility, screen resolution, operating system, RAM, storage, and more in absence of technical information?
All mobile users have different purposes to serve with mobile phones. To address their specific requirements, buyers select specific mobile phones. Without technical information, it becomes challenging to buy a mobile phone.
Sometimes, usage and technical information are not enough to influence the purchase decision of a consumer. Attach the emotional information with the products that trigger the emotions of the shoppers and they make a buying decision.
For example, toothbrush seller brands create fear of cavities. They promote that without a proper toothbrush, you won't be able to clean your teeth properly that results in cavities. With their well-designed toothbrushes, people can have cavity-free and healthy teeth.
High-quality product information – a core function of the PIM system
In product-driven startups, product data is scattered across different systems, applications, and solutions. In the absence of a Product Information Management system, the data silos keep increasing, which is not good for your business. Try to avoid data silos as much as possible to have effective product information in place.
Evade product data duplication by managing all the product information in a centralized repository. Allow your different teams to access accurate and updated product data to make effective operational and strategic business decisions.
If you are planning to implement an omnichannel strategy for your organizations, you cannot afford to overlook the negative impact of poor data quality.
PIM ensures quality-driven product data through effective management, enrichment, and consolidation of the massive product information. This is why most retailers have started considering PIM implementation to amplify online business.
Demand for advanced product information management platforms is rising with each passing day and it is predicted that it will be higher soon.
Future of Product Information Management – Market Expansion and Growth
MarketsandMarkets predicts that “The global PIM market size is expected to grow from USD 9.0 billion in 2020 to USD 16.0 billion by 2025.” It is predicted that the PIM market value will grow more than 61% in just 5 years.
Image Credit: Markets and Markets
“The global product information management market size was valued at $9.90 billion in 2019 and is projected to reach $59.25 billion by 2027, growing at a CAGR of 25.2% from 2020 to 2027.”, predicted by Allied Market Research.
Several factors are responsible for the growth and adoption of PIM platforms across the globe. Here is the list of the most important ones.
- Constantly growing demands for centralized data storage
- Increasing demand for cloud-based solutions
- Platform with advanced technologies
- Compatible platform works with all types of industry vertices
The benefit that plays a major role in the success of PIM is it is useful to every industry domain including retail, telecom, information technology, healthcare, transportation, logistics, and more.
Let’s understand the essence of PIM development in versatile industries.
Pharmaceutical and Healthcare
Healthcare and pharmaceutical companies prepare drugs and they have a complex drug approval workflow in place to get approval from Food and Drug Administration (FDA). The FDA approves 43 drugs on average each year.
In the United States, pharmaceutical and healthcare companies must provide accurate and relevant information about the drugs to the FDA. FDA checks the details and approves the drugs. To simplify and streamline the approval process, drug manufacturers should manage the product information in PIM to ensure higher product information quality.
Just like healthcare and pharmaceutical, banking and finance companies have also started adopting product information management solutions. Apart from these industries, the retail domain is shifting to PIM quite swiftly.
Why do retailers switch to PIM?
As statistics proved, the PIM market is exploding. And retailers have made a considerable contribution to this success. Are you excited to explore why PIM has become one of the top bandwagons for the retail domain?
These days, technologies are reshaping businesses inside out. Twenty years ago, there was no mobile shopping or no omnichannel or personalized experiences. But today, technology has transformed the way we were living life before. We can buy any product from a local or a global brand in minutes using smartphones.
Beyond that, there is a navigation system in the cars that helps drivers to find any location with the help of GPS technology.
As technologies help humans in making their lives better than before, businesses have also started considering advanced technologies to sell their products with considerable differentiation and help buyers to achieve a comfortable and luxurious life.
Moreover, customer behavior and taste are also changing frequently. These changes are happening faster than ever before and the speed of these changes is increasing immensely in the coming future.
There are a lot of retailers who are not taking these changes seriously. Probably, they are not aware of the amount of business they are losing every single day.
Product Information Management technology has already started transforming the traditional retail space by automating multiple product-driven operations. Considering a feature-rich PIM, retailers can manage a huge number of products effectively and centrally in an effortless way.
Here are the most vital benefits of PIM that retailers can leverage for the greatest business accomplishments.
Benefits of considering PIM for retail business
Enriched customer experience
By allowing us to create and deliver extraordinary product experiences, PIM allows brands to facilitate the shoppers with an astonishing customer experience. Retailers can access accurate and updated product information always. By sharing the correct product information, companies experience reduced product returns and decreased shopping cart abandonment.
With the product information management solution, companies can enable the buyers with updated product information and help them make an informed buying decision right away.
Moreover, PIM allows brands to manage products’ stock and inventory. When buyers select a product and move ahead with the purchase, they can view the inventory details that how many products are available in the stock. Buyers can research the products and services they want to buy or consume and make the checkout process.
Enabling buyers with more control, PIM improves the overall shopping experience for the customers.
Eliminate data silos
Are you managing all the product data at disparate locations in different digital files such as excel sheets and CSV files?
If yes, then you are dealing with lots of data management challenges for sure due to the data silo. Leveraging product information management companies can eliminate the data silo.
The data silo is a repository of fixed data that is kept under the control of a specific department. It means your different departments won’t access the same data regarding the products and customers. They have their own set of information for the customers and products.
PIM is designed to collect, store, manage, enrich and distribute product data in a single location by eliminating the data silos. Thus, it is called the single source of truth for all the product-related data. It ensures different teams and users of your organization access the same information regardless of products or customers.
Data silo elimination improves the interdepartmental communication challenges by establishing transparent communication. With clear communication, companies can manage their business effectively.
Leverage brand consistency
What makes your business a brand? Is it a logo or company name or a visiting card, or a website?
No. A collective experience that your target audience receives while interacting with your messaging across different customer touchpoints makes your business a brand.
Businesses need to make sure the brand messages are communicated correctly and constantly across all the output channels to deliver a unified experience to the shoppers.
Product Information Management helps organizations to improve brand consistency by distributing the correct and consistent brand voice, messages, tone, and style across the different sales, marketing, and eCommerce channels.
PIM facilitates retailers with full control over product information by allowing them to update all the content and empower your brand communication.
By allowing you to manage all your product data in a single repository, PIM makes it easier for the companies to edit all or any data and ensure you convey the right message to the brands.
Improved data quality
Implementation of PIM ensures high-quality product data management and distribution that helps companies to scale the business faster. Advanced PIM platforms like Pimcore manage all the complex product data seamlessly in a structured and logical way and simplify the data management.
Let's take the example of Pimcore’s PIM. To enable the brands with high-quality product data, Pimcore offers a set of advanced functionalities. Monitor the product data quality in real-time using the data validation and data quality reports features of Pimcore.
Data quality is one of the major benefits that retailers can gain after PIM implementation. Moreover, data reports enable retail businesses with exclusive insights into their varied data to check and ensure data quality.
Additionally, PIM offers a user-centric dashboard that is easy to configure and adjust to meet the specific needs of each solution user. The dashboard displays the relevant information about the products and business including essential statistics, specific workflows, and more. The dashboard mainly provides data-driven information to the users.
Leverage the data quality management feature of Pimcore that offers a clear overview of your data completeness and data quality that helps brands to scale the business faster.
Deliver exciting omnichannel experience
As per the Raydiant report State of Consumer Behavior 2022, “44.4% of consumers said they generally prefer to shop in-store, while 56.6% prefer to shop online.”
Image Credit: Raydiant
The number depicts that online shopping is preferable by consumers compared to in-store purchases. And, of course, retailers are willing to get the most out of this by reaching out to the shoppers through different online channels.
At the same time, the number of in-store shoppers is not ignorable. Retailers have to pay attention to store visitors too.
So, retailers have to design a business strategy that leaves an extraordinary impact on both online and offline shoppers.
If you are interested in delivering branded and user-friendly experience to online and offline shoppers, you must consider a reliable product information management platform. PIM allows retailers to facilitate buyers with the same shopping experience whether they purchase from either from online store or by visiting the physical store.
To achieve this, retailers have to consider an omnichannel approach. It allows brands to be everywhere and connect with the customers. Deliver the same experience to your shoppers regardless of the channels they interact with your brand. Omnichannel empowers your marketing strategy by delivering a consistent brand experience to different audiences across every channel.
Omnichannel improves brand recognition as the buyers can recall the brands whenever and wherever they see them.
A lot of businesses have considered omnichannel as an integral part of their business strategy. They enjoy the benefits of it. Apple, the leading brand of advanced gadgets, is the best example of immense omnichannel success.
These days, omnichannel plays an essential role in the success of a business and this is why further discussion will be on omnichannel and how it fuels the retail companies.
Ready to explore the power of omnichannel? Let’s delve into it.
Omnichannel – The Future of Retail
Customer buying behavior is getting more and more dynamic each day. Buyers’ expectations are reaching new heights. They aspire to have excellent shopping experience with the brands on every channel they use regardless of whether it is online or offline.
If you are ignoring these changes that means you are simply losing the business. These changes are taking place at a rapid pace so that startups to large-scale organizations have to define and improve the right omnichannel strategy for their business and install the required software for the effective execution of omnichannel.
The ultimate business objectives of all companies are increased sales and revenue. To achieve these goals, they have to deliver outstanding customer experience in a more agile way and place focus on the customers.
Let’s begin with the definition of omnichannel.
What is Omnichannel?
Omnichannel is a cross-channel content strategy that helps brands improve user experience by establishing consistent communication across the channels that are designed to cooperate with the omnichannel strategy.
Benefits of Omnichannel Approach
Omnichannel benefits to the buyers are listed below
- Leverage consistent and personalized services across all the different channels
- A quick search for all the required product information that simplifies buying decision
- Enable shoppers with a more convenient and delightful way of purchasing
Omnichannel benefits to the retailers are listed below
- Enriched customer experience
- Improved sales probability
- More cross-sell and up-sell opportunities
- Established trust between customers
Today’s markets are highly competitive due to frequent innovation and the emergence of new technology. Harnessing the potential of voice assistance, IoT devices, smartwatches, and many other advanced devices, retailers can drive immense customer engagement. These devices help brands to boost customer experience significantly.
Omnichannel Transforms the Future of Shopping
Using advanced tools and technologies, retailers optimize their business operations, manage business processes seamlessly, and reduce operational costs significantly. With the latest technologies, retail businesses can have highly advanced online stores and physical stores.
All the latest technologies help design the next-generation store where the products that are presented on the display are enough intelligent to enable retailers with the data that they need such as product expiry date, usage information, price change in real-time, and more.
Online eCommerce stores or marketplaces interact with customers, companies, suppliers, vendors, distributors, and other stockholders to perform varied business operations. Brands have to share updated product data across all the channels constantly. These online channels could be social media, mobile apps, website eCommerce stores, marketplaces, POS, IoT devices, and so on.
I guess it is quite clear to you why product information consistency is crucial for retailers. If the customer encounters any disparity across channels, it will impact negatively on the customer experience. Eventually, it results in business loss.
For example, when a customer visits a shoe shop to purchase shoes. They buy a pair of shoes as a retailer informs them about the waterproof features of the shoe. After a few hours, when the buyers do online research for the same pair of shoes and they won’t find a waterproof feature in the product description.
This situation creates customer dissatisfaction and impacts shoppers’ loyalty. It also hampers the future buying decisions of the shoppers. Next time, they won’t visit that shop again as now they won’t trust the retailer.
However, you can handle the situation differently.
Using PIM, you can make sure all your brand messages are consistent across all the output channels. Large-scale retailers proactively create an immersive shopping experience for the target audience using advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR). It facilitates customers with “Try Before Buy” by offering immersive and interactive experiences.
To understand which technologies and trends are supporting the omnichannel, explore the latest technologies that help you make the right decision and pick an effective approach toward omnichannel adoption and customer engagement.
Omnichannel - a built-in part of PIM
Product Information Management is an advanced platform that comes with omnichannel capabilities and helps you define and execute the omnichannel strategy effectively and effortlessly.
PIM manages all the product-related data including technical, usage, and emotional product information in a single location as we have discussed earlier in this post. It allows retailers to share accurate and updated product information easily on different output channels.
Today, customers' priorities are changing rapidly so it is better to rely on data to make the right business decision.
Let's see a use case of a fashion brand named Rebecca Minkoff. How they have designed and implemented an omnichannel strategy and how effectively they can leverage it for their retail business.
This video makes it clear that by considering an omnichannel strategy they have increased sales in a short time. Almost less than a year. It proves that PIM implementation facilitates retailers with several benefits as listed below.
Collect critical information and service data associated with customers consistently to have deeper insights into the customer journey to improve customer loyalty and satisfaction.
Excellent customer experience
PIM helps companies improve customer experience and allows retailers to address the versatile demands of the shoppers.
Deliver better services
PIM empowers retailers by enabling them with the capabilities to engage and respond to customers’ inquiries promptly through different channels.
Collaborate effectively across value chains
Offering flexible and extensible product data syndication capabilities enables the retailers to make the product information available to marketplaces and channel partners.
Unified view of product data
Retailers can get a consolidated view of the available asset information across the companies regardless of each channel access.
Product Information Management is a perfect solution for any organization to manage a huge amount of data. Moreover, we need to pay attention to the constantly changing trends of PIM simultaneously to meet the changing market demand.
Now let’s go further ahead to explore the latest trends in PIM that drive the success of your retail business.
Latest Trends in Product Information Management
PIM is one of the leading markets that is in transition. It helps brands to transform their operational roots and plays a major role in large-scale organizations in attaining a better customer experience.
For the retailers, management of accurate product information and having a single source of truth matters a lot. However, the number of PIM users is increasing and leveraging that product information to design and deliver compelling customer experiences.
To generate more engaging product content, retailers can utilize the abilities of machine learning that allows for product recommendations and product 3D product renderings.
As PIM is closely connected with customer experiences, it becomes essential for retail companies to consider PIM as an integral part of their business strategy. Thus, every company has a team that uses the PIM to manage varied product information on the platform.
After adopting the PIM principles, companies can shift their attention to optimization. They pay more attention to data quality. It allows PIM vendors to respond to the frequently changing market needs by integrating advanced features and functionalities.
When it comes to PIM, some vendors provide template-based solutions for faster implementation. However, open-source product information management solutions are more important as they allow for high-level customization to meet specific business needs. Pimcore Implementation is the best example of an open-source PIM platform that comes with several cutting-edge capabilities.
Below are the latest trends that are going to transform the PIM domain inside out. Make sure you include these trends in your upcoming product strategy for immense success and growth.
Chain integration is more relevant to suppliers. They can show all the accurate and updated product content on the web platform. Suppliers focus more on feeding the rich content for data pools.
PIM allows retail companies to manage and distribute immersive product data. Brands can use the PIM data on an AR-based interface of websites. Thanks to Augmented Reality technology, customers can interact with the products using their smartphones and by sitting in their drawing rooms. The buyers can make purchase decisions without visiting a store.
Enable shoppers with 360 views of your products so that they can make informed buying decisions. Along with product display, 360 customer reviews are equally essential. Moreover, don’t miss incorporating social data and customer feedback elements.
Utilize linked data that helps companies create websites that can be easily findable by search engines. The development of linked data essentially leads to virtual PIM systems.
If you want to manage the product data in 3D printing, then you have to share product information in detail. Retail companies have to manage product description, design, and any type of personalization to attain 3D object printing.
PIM greatly positively influences the retail business. Integrating emerging technologies, companies use PIM for their benefit. Follow the latest PIM trends and make your PIM strategy more powerful than ever before.
Best Practices of Product Information Management
The importance of product information management is growing leaps and bounces with each passing day. Still, there are retail businesses that are not aware of the process of PIM implementation strategy. Here, we have listed critical practices that every business has to follow if they have obtained PIM for product data management.
Enriched product data
If used correctly, the PIM platform enables retailers with varied strategic benefits. It allows retail organizations to produce high-quality product data by creating unique product information, converting product descriptions into rich product content, and adding high-resolution product-related images and videos.
Most of the time all these aspects are overlooked by the retailers. If the product information is not satisfying for buyers, then all your product information efforts are in vain. Create a picture of what your product is by creating a rich copy and using high-definition images and videos.
Optimize product information
To optimize the performance of your product on varied output channels including sales and marketing channels as well as marketplaces, retailers have to consider product information management implementation.
To build a successful eCommerce store two elements are highly essential. One, attract quality traffic to your product. Second, convert visitors into customers. To attain these, you need to focus on the listed points.
- Create unique, SEO-friendly, and convert product information
- Perform A/B testing to find out which type of product information is most successful for your retail brands
- Make your product information adaptable for the sales channels and market segments so that you can take advantage of the increased conversion rate
- Keep analyzing your product performance and optimize the product data constantly to boost the conversion rate.
Improve your organizational efficiency and increase sales by following the above-listed steps. Product optimization is a long-term activity that every retail brand has to perform regularly. So, it is suggested to design your business strategy that is synched with PIM.
Unify all product information
To establish a proper structure of product information management, it is essential to collect and store all the product data on a single platform. By managing the product data centrally, it becomes easy for your different departments to access and distribute trustworthy product information across all the communication channels.
Moreover, it is very important to define how to format that information and make it compatible with the defined data standards. It helps reduce errors in product information and provides better control over product data.
Set up efficient processes
Updating an existing product and launching a new product is a time taking process. By implementing the right workflows and processes through the right PIM system, you can have effective processes in place for product launch and product information update processes. It also decreases the amount of time spent on PIM.
Using futuristic product information management platforms such as Pimcore, retailers can take benefit of an advanced workflow engine. Experience the flexibility to create extremely complex workflows. It proves that PIM is an important platform to design and execute any size and complex workflow.
Implementation of an efficient workflow improves team collaboration. With the help of specific workflows, your different departments get clarity about their respective tasks and processes easily. PIM workflow also notifies the team members about the progress and contribution of other team members. Thus, workflow motivates your different teams.
With the help of effective product information management workflows, retailers improve product time-to-market, save time for managing product data and boost the revenue stream.
Product Information Management System – How to Use It?
Now you have all the essential information related to PIM that will help you make the decision you need a PIM solution for your retail business.
Here we are going to explain how Pimcore’s PIM system can be used and mention some basic features and functionality of the system.
To explain the capabilities of the PIM platform, Pimcore’s team has created an information-rich video that explains almost all the advanced capabilities of PIM. It presents how PIM allows businesses to manage products with media assets and categories. Moreover, it allows companies to collect product information from different sources, manage and enrich the data within the system and distribute accurate and updated product information across various customer touchpoints.
When the user starts using Pimcore’s PIM system, this would be the first screen they will have.
In the left panel, the product (car) brands are listed. It provides additional functionality along with the core PIM offerings. It allows companies to integrate other frameworks of Pimcore as per the specific needs of your business.
Once you select a car brand, you can find the different models of that brand using the filter functionality. As we know each model comes in a variety of colors. PIM offers excellent control over the hierarchy that makes the platform easy to use while managing thousands of products in a single solution.
Change the product attributes by selecting a specific product. For example, once you select a specific car model, Pimcore’s intuitive dashboard automatically allows retailers to change product descriptions in multiple languages as displayed in the image.
Pimore’s product information management allows companies to add any images, videos, or documents through simple drag and drop functionality. It also offers the flexibility to edit any file to meet your specific business requirements. Pimcore lets you crop the file, add a marker or designate a specific area of the media file.
Once everything is collected and assembled in a centralized platform of Pimcore’s PIM, the preview of your website or eCommerce store will look like the above-presented screen. If you would like to unveil other essential aspects of the PIM platform of Pimcore, feel free to book a demo.
Every product has its own media assets, product description, attributes, and many other important essential information that has to be stored and managed properly to deliver an engaging product experience. Enabling retailers with the advanced hierarchy management feature, Pimcore lets companies assess and access every single piece of product data on an instant basis.
5 Best Product Information Management Platform
Many award-winning PIM platforms are available in the market. So, it is quite tough to say which one is better for your retail business.
Moreover, every business has specific requirements and challenges. To meet those specific requirements, you need to understand the capabilities of different PIM solutions and pick the right one for your business. Here I have listed the top 5 product information management platforms that have gained immense appreciation across the retail community.
Pimcore is an open-source product information management platform that comes with an advanced feature set. It comes in cloud edition, community edition, and enterprise edition. Access to features depends on the edition retailers have chosen for their business.
Product Information Management Features of Pimcore
- Data Modeling
- Data Management
- Data Quality management
- Workflow Management
- Digital Asset Management
- Omnichannel Publishing
- Apps and Data Integration
- Product Experience Portal
- Product data Syndication
- Marketplace Integration
- Product Feed Management
- Enterprise Translation Management
- Microsoft/Adobe Integration
- Enterprise Print Publishing
The community edition of Pimcore is open-source and is available for free forever. So, any business simply implements it and starts using it immediately. Being a free edition, it offers an open-source GPLv3 software license that comes with a publicly assessable source of code. Under the community edition, you can assess most of the features offered by PIM.
If you are willing to have private source code and PI protection, then you should go for the enterprise edition or unlimited plan offered by Pimcore.
Selecting Pimcore, you can access the other frameworks of the platform such as Digital Asset Management (DAM), Digital Experience Platform (DXP/CMS), Master Data Management (MDM), and Customer Data Platform (CDP), and Digital Commerce Platform.
In case you need to build a website and eCommerce platform while developing the PIM solution, Pimcore facilitates all the required features and functionality to build all the solutions using a single platform.
Pimcore can be integrated with any of the enterprise systems such as ERP, CRM, HRM, ESB, BI, and more. It enables retailers with flexibility to integrate external third-party apps as well. They offer a Data Hub GraphQL API for two-way communication opportunities, a full-featured REST webservice API, and a standard API.
Pimcore allows retailers to distribute their product information across 2500+ pre-integrated sales, marketing, eCommerce, retail, and shopping channels. It also facilitates the organizations with Excel and Adobe connectivity.
Akeneo is an open-source and free PIM software that facilitates collaborative product teams who want to conquer and divide data entry with better quality and consistency. By implementing Akeneo, users can divide the product and manage tasks and can easily track for which products the data creation has been started, in progress, and complete.
With the Akeneo platform, you can meet product management needs. Moreover, it allows you to incorporate both data quantity and quality measurements and teamwork and collaborative assistance.
Using Akeneo, retailers can create a Graphical User Interface (GUI) that is sleek and intuitive. Thus, for users, it becomes easy to switch between DAM, task management, and product information easily and quickly. Enabling users with a progress tracking dashboard, Akeneo allows them to track the Work-In-Progress products.
Brands can integrate the Akeneo with the existing tool stake using event APIs and REST APIs. It allows you to integrate native apps that include popular eCommerce platforms like Salesforce Commerce Cloud, Google Shopping, Presta Shop, Shopify, and more.
Informatica is a cross-channel PIM platform that enables retailers the trusted and relevant product information when they need it the most. B2C and B2B PIM environments are both supported in the end-to-end MDM solution. Proving embedded and automated quality checks to keep the product information updated, uniform, and as per preset standards.
Being a cloud-based tool, it allows for data mapping to produce businesses with bigger digital endpoints and data pipelines.
Offering a role-based and task-oriented interface, Informatic allows you to see the data in your dashboard that will always fit your specific use case and needs. If you are collaborating with external and internal data contributors, you can control what data they see and how they see it.
Providing you with a single trusted data source, Informatica allows brands to streamline product, suppliers, and vendors' information. The platform is the right choice for managing a large number of product records but it is a high-end version for most Small and Medium Businesses.
You can integrate Informatica with different apps like Amazon Web Services, Workday, Zoho, QuickBooks, Snowflake, Netsuite, Google Cloud Platform, Oracle, SalesForce, Tableau, SAP, Twitter, ZenDesk, and so on.
Leverage the flexibility to import, export, and synchronize or replicate data between any connected apps.
Leverage faster go-to-market by using the product information management solution of Widen. Offering accelerated digital transformation, it helps many businesses to manage product content, attributes, and SKUs in a single repository to create better product experiences. Eliminating the soiled process and tools, Widen supports the omnichannel strategy for your business.
Widen enables retailers with a coordinated content supply chain. By implementing the Widen product information management platform, companies can launch the product faster, automate varied processes, execute a successful omnichannel strategy, centralized management of all the product-related data, and more.
PIM of Widen allows to aggregate, plan, add, route, enrich, localize, transmit, and update the product information to enable shoppers with updated and accurate product information. It allows different teams including product managers, product marketers, creators, eCommerce managers, agencies, and many other businesses to empower their product data management strategies using a feature-rich PIM.
Widen PIM manages the information like product data, media files, marketing content, collaterals, marketing data, localization, and so on. Along with PIM, Widen offers Digital Asset Management, Marketing Resource Management, and Master Data Management solutions. Brands can leverage any, many, or all of the solutions of Widen to meet their specific business needs effectively.
InRiver is a collaborative, advanced, and intuitive product information management platform that collects all types of data including marketing images, text, specifications, instruction manuals, 3-D drawings, and more elements. Harness the power of the built-in functionality of smart image recognition technology that allows to auto-populate the product attributes such as tagging, colors, and description.
Facilitating resellers with the self-service portal, InRiver allows product managers to control the data the users can access for downloading and searching. It supports seamless collaboration amid teams such as integral and external as well as cross-departments. It allows brands to use built-in Gantt chart functionality for campaign timelines.
It is easy to connect your existing enterprise systems and third-party apps with InRiver. Moreover, it allows connection to any source data system
Which Product Information Management Platform for Your Online Business?
Well, it's hard to say which platform you should consider amplifying your online business without knowing your business requirements and challenges.
If you are managing your product data through conventional ways such as storing the data in spreadsheets, then I would like to suggest using the Pimcore. Out of all the advanced PIM platforms, Pimcore provides the most advanced features and functionality along with a variety of technological frameworks.
No other platforms facilitate the organizations with the powerful frameworks to support the product information management operations.
Credencys has proven experience in developing advanced PIM solutions for different businesses and industries. We have successfully depleted PIM for Kenmare, Radian Weapons, IronList, Tractmotors, Kringle Society, and many other clients.
By selecting core for your product data management needs, you can take benefits of both data management as well as experience management. We assure you once you start using Pimcore’s PIM you will love the platform due to its user-friendly and intuitive interface. Enabling companies with high-quality PIM solutions, we ensure you’re guaranteed results.
Are you ready to create your success story by joining hands with Credencys to build an award-winning Product Information Management solution for your business?
Let’s connect to discuss your concept or idea.