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10 Fastest Growing Healthcare Companies 2015

Reltio: Delivering multi-domain master data

“Headquartered in USA, Reltio’s mission is to help users across the enterprise be right faster.”

Reltio was founded upon the belief that organizations need reliable, relevant access to information at their fingertips. The company helps companies turn their data into information and knowledge assets in the most efficient way, shattering the traditional notion that IT must combine multiple technologies to manage different types of data, and that business users must purchase standalone tools to do their own analysis.

Founded in 2011, Reltio manages all data types including multi-domain master data, transaction and interaction data, third party, public and social data. By fusing Data into a new breed of data-driven applications that business teams love to use every day, Reltio combines operational and analytical silos that teams can continuously collaborate upon to improve the reliability of information, receive recommendations relevant to their goals and take immediate action, all within the same application. Besides, the Information flows in a closed-loop cycle that continuously assesses and publishes outcomes to demonstrate values and refines recommendations for better results.

Industries they serve
LIFE SCIENCES- Having experience working in the field life sciences while at organizations such as Veeva, Informatica, IBM and others, the team at Reltio is well equipped to deliver a new differentiated solution that provides a complete view across all information sources to help understand markets, drive revenue opportunities and reduce risk exposure through actionable, real-time predictive insights. In many ways, data is the new lifeblood of life sciences. In fact a recent survey showed exactly how companies across biotech, pharma and med device were leveraging and prioritizing investments in data today.

OIL & GAS – The Oil & Gas industry is continuously searching to leverage the vast amount of data from its extended operations. And thousands of sensors at the well, petabytes of subsurface data, millions of parts and equipment in the supply chain, midstream & downstream operations, capital projects, M&A activity, joint ventures and many highly trained personnel have created a data-rich environment. The challenge here, stems from creating clean, consistent and aligned information relationships across these core data environments so they can be effectively leveraged to support strategic initiatives and daily operations and the Reltio Cloud addresses these unique challenges. They deliver a new breed of enterprise data-driven applications with modern data management in the cloud.

GOVERNMENT – Reltio enables government organizations to be more productive and to serve the needs of their stakeholders by improving decision making for individual agencies and across their ecosystem.

Reltio Technologies Versus Other Technologies
Master Data Management (MDM) Only Tools – MDM tools which have been around for 10+ years such as Informatica MDM (formerly Siperian) and even a new group of cloud MDM offerings continue to see MDM as a separate siloed discipline. It requires complex IT infrastructure, processes, leading to months and years of design and implementation before reliable data can be made available to business users, allthough often the delivery latency of the information leads to stale data. Meanwhile business users typically have access to more up to date information in the course of their day-to-day operations. As legacy MDM tools do not allow them to provide feedback in a collaborative and controlled manner, effectively wasting valuable intelligence and competitive advantage, business users and IT teams become equally frustrated, viewing MDM as a promise unfulfilled.

BI and Analytics Tools – Today’s powerful and sophisticated visualization tools empower certain business users to get faster access to information on their own. Convergence of data at scale from multiple sources is now possible, however the data is not guaranteed to be clean and accurate prior to analysis. Looking at unreliable data may lead to wrong conclusions and although many of these tools are designed for non-data scientists, they are still beyond the skill of field teams for their day-to-day operations. Additionally, these tools still require action to be taken in separate siloed operational applications, and do not automatically correlate results back to the analysis performed.

Big Data Infrastructure and Tools – Hadoop, HBase, Cassandra, Graph Databases, MapReduce, Spark and the continuous stream of new technologies designed to handle ever increasing volume, variety and velocity, have changed the way data can and should be managed. However stitching together all of the pieces required to have a complete end-to-end offering is a complex undertaking. Creating a data lake, integrating master data management, relationship discovery, and other disciplines, to support a wide variety of business needs across an enterprise is a multi-year endeavor.

Awards & Accolades

  • DBTA Nominated: Best Cloud, Big Data & Analytical Platform
  • PharmaVOICE: Reltio Among Most Innovative Companies Disrupting Healthcare
  • Reltio Selected as Gartner Cool Vendor in Information Governance and MDM, 2014

Knowing the Key Executives

Manish Sood, CEO and Founder – Currently responsible for the overall direction and management of Reltio, Manish led Product strategy and management for the Master Data Management (MDM) platform at Informatica and Siperian, prior to founding the company. The leader is the co-author of the patent that revolutionized MDM through a global business identifier. During his career, he has architected some of the largest and most widely used data management solutions used by Fortune 100 companies today.

Bob More, Senior Vice President, Sales – Responsible for worldwide sales, Bob brings over 20+ years of experience, leading sales teams at Kinaxis, Informatica, Siperian, SAP, Unica, Agile Software & Blue Martini. He has achieved significant revenue growth in competitive environments across multiple domains including Master Data Management, Enterprise Resource Planning, Customer Relationship Management & Supply Chain Management. He holds a BS in Marketing from Northeastern University.