Continuing its approach of providing tailored master data management (MDM) solutions for key industries, Oracle announced the availability of Oracle Higher Education Constituent Hub. As a tailored MDM solution for higher education institutions, the new Oracle Higher Education Constituent Hub enables customers to reduce IT costs and lower implementation times by eliminating the need to build customized solutions.
The new Oracle Higher Education Constituent Hub enables educational institutions to create a single view of their constituents, including applicants, students, alumni, faculty members, donors and staff, to address business challenges such as recruitment, fundraising and retention, while also helping lower IT costs and improve overall business operations.
Additionally in the area of safety, quality constituent data enhances emergency contact management; unifies provisioning of students in identity management systems and provides a more accurate view into a constituent's interactions with judiciary, counseling and healthcare providers; and also helps to lower integration costs through faster and more effective implementations of student and HR systems.
To support deployment and ease of use, the Higher Education Constituent Hub includes a pre-built data structure and user interface as well as extended fuzzy search/match and synchronization settings that an institution can use across all of its systems. The product was co-developed with LumenData Inc., a systems integrator for Oracle's MDM and Data Quality solutions. LumenData helps higher education institutions manage growing data volumes across disparate systems that collect, track and monitor constituent data.
In addition to this latest MDM solution for higher education, Oracle provides targeted hubs that address specific data management challenges in industries, including telecommunications, financial services, public sector, retail and CPG, high-tech manufacturing, and life sciences, as well as some subsections of these, Pascal Laik, vice president, MDM, Oracle, tells 5 Minute Briefing.
Customers come to Oracle with an MDM need, but they also come with a need for a solution that has a fast ROI and low total cost of ownership, as opposed to buying a horizontal platform which requires customization work and a longer implementation cycle, and more expensive maintenance, explains Laik. "The idea is simple. They want the solution to be very easy to install and they want to deploy it fast."
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