Product Information Management: Explained in 2 Mins

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A Quick Guide to
PRODUCT INFORMATION MANAGEMENT (PIM)
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What is Product Information Management (PIM)?
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What are the Core Function of PIM?
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When Does the Need of PIM Arise?
Some of the key signs that trigger the need for a
PIM are
Inaccurate/ Obsolete Data
Unstructured Product Data
Inconsistent/ Poor Quality Data
Managing Data via Different Platforms
Poor Customer Experience
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Which Industries Stand to Gain Most From PIM?
PIM helps several industries to streamline their
product data, like
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How To Choose the Right PIM System?
Your dependence on product master data will be a
decisive factor. Some of PIMs necessary
qualities are
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Should You Go For a Proprietary or Open-Source
PIM System?
Organizations must recognize which one fits their
needs suitably. Four critical differences between
them are
Proprietary Open-Source
Vendor Lock-in Restricted customizability of the software, so developing/modifying features isnt possible. With unrestricted access to source code, modifying/utilizing it to your advantage is possible.
Interoperability Restricted ability to talk to other systems, applications and exchange data to connect people and diverse systems. With the help of APIs, system and applications can be integrated with various existing or 3rd party applications.
Community Proprietary systems depend on commercial partnerships for customizations and implementations. Open source is supported by a dynamic, vibrant community of developers, contributors and PIM enthusiasts.
Total Cost of Ownership Every proprietary software comes with a license fee for PIM deployment, increasing the overall cost. Compared to proprietary software, open-source PIM software is free, so development effort can be carried out in-house or via your chosen IT vendor.
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Deliver meaningful, intuitive, and personalized
customer experiences with
Pimcore Open Source PIM!
www.pimcore.com
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Try a Free Demo Now
https//www.pimcore.com/en/try
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Thank You