Knowde

There’s a lot to consider when selecting a PIM vendor – cybersecurity being a big one. 🔐 SOC 2 certification is a great way to ensure your vendor is equipped to handle customer data securely and compliantly. Why should you care about SOC 2 certification? 1️⃣. Data Security Risk: Non-compliant vendors may not have adequate security measures to protect your sensitive data, making it vulnerable to breaches that could lead to legal liabilities and loss of customer trust.
 2️⃣. Regulatory Compliance Risk: Vendors that are non-compliant with industry regulations can lead to penalties and legal actions that make it difficult to assure stakeholders of the integrity and security of the company’s systems.
 3️⃣. Operational Risk: Unsecured or unreliable IT infrastructure from a non-compliant vendor may lead to system failures or introduce risks to the supply chain, disrupting operations and affecting production schedules. 4️⃣. Reputational Risk: Data breaches or security incidents linked to non-compliant vendors can severely tarnish the company’s reputation, eroding trust and impacting the stock price.
 5️⃣. Financial Risk: Data breaches can result in loss of market position and revenue as well as incur immense costs, including mitigation, legal fees, and potential ransom payments.
 6️⃣. Contractual and Partnership Risks: A vendor breach affecting third-party agreements can lead to contract terminations and legal disputes that may be difficult to manage and rectify without the structured accountability frameworks inherent in SOC 2 compliance. Follow us for more tips on how to choose a PIM solution that best protect your business! #MasterDataManagement #SOC2 #ChemicalIndustry

CRMs fall short when it comes to handling product master data. Here’s why ⤵ #MasterDataManagement #ChemicalIndustry

EXECUTIVE INTERVIEW SERIES HIGHLIGHT - Knowde CEO, Ali Amin-Javaheri, and H.B. Fuller President & CEO, Celeste Mastin, discuss how H.B. Fuller is fully embracing #AI and other digital technologies to provide best-in-class experiences, accelerate strategic acquisitions, and more. Read the full transcript on our blog: https://lnkd.in/eiWcZ6NE Watch the full episode and others from the Executive Interview Series: https://lnkd.in/eR4g-qS7 YouTube: https://lnkd.in/ezchfE9K Spotify: https://lnkd.in/ei-V4ChW Apple Podcasts: https://lnkd.in/eykiu27J

We’ve been sharing solutions to the 5 common digital initiative project mistakes to help you achieve success on your #DigitalTransformation journey. Today, we’re covering the final reason: Mistake 5️⃣: Neglecting to consider the downstream impacts on other software solutions A central source of truth enables your PIM, CRM, ERP and CMS to seamlessly communicate. You quickly lose the value of your other tech investments when you fail to have an accurate data foundation. ⭐ Solution: ▶ Start with a clear integration strategy ▶ Plan for ongoing data governance ▶ Select specific fields from your master data manager to integrate with other business systems (CRM, ERP, CMS) Want to learn more? Head to the comments for our full guide on how to avoid common digital transformation project mistakes, including two real-life case studies ⬇

Master Data Management (MDM) software tools are important for managing data effectively across an organization. However, jumping straight to implementing an MDM tool such as a Product Information Management (PIM) system without establishing solid MDM rules and practices can lead to several significant issues: 🔻 Inconsistent Data Governance: Different teams may follow their own standards, leading to conflicting or incomplete product data in the system. 🔻 Poor Data Quality: An MDM tool without proper governance can spread bad data faster, creating problems like outdated product specs, incorrect safety info, or missing documentation.   🔻 Fragmented Data Sources: Without a "single source of truth," the MDM tool can become a collection point for siloed, inconsistent information that doesn’t cohere across departments.     🔻 Process Confusion: Without predefined data ownership rules and workflows, different teams may face confusion about who is responsible for maintaining or updating product data.   🔻 Failed Integration: WIthout planned processes in place, MDM tools may not integrate efficiently or completely with existing enterprise systems (ERP, CRM, etc.). 🔻 Underutilized Tools: Without a structured data management process the full potential of MDM tools often goes unrealized, reducing ROI. 🔻 Compliance Risks: Compliance with regulatory standards is essential for chemicals and ingredients. Without proper governance, an MDM tool may spread inaccurate data that can result in regulatory penalties. Avoid these pitfalls by discovering the secret ingredient all MDM tools need to work – full blog linked in the comments ⤵ #MasterDataManagement

Being crushed by the burden of manually managing your product data like

EXECUTIVE INTERVIEW SERIES HIGHLIGHT - Celeste Mastin, President & CEO of H.B. Fuller, shares how AI and other technologies drive efficiencies for the business, paving H.B. Fuller’s way toward an even more dynamic and successful future. Head to the comments for the full transcript to get a look behind the curtain of H.B. Fuller’s innovative digital strategy. 💡 #DigitalTransformation #AI

Here are some ways different teams at chemical, ingredient, and polymer companies can find business improvements through digital transformation: Research and Development (R&D) ▶ AI and data analytics can identify patterns in research data that humans might miss ▶ Digital twins enable testing in virtual environments Manufacturing ▶ Internet of Things (IoT) sensors and advanced process controls enhance production efficiency and quality ▶ Automated systems and predictive maintenance allow companies to monitor equipment in real time and prevent costly downtimes Sales and Marketing  ▶ Digital platforms can better target customers with personalized solutions, improving conversion rates ▶ Data analytics helps companies make informed decisions about market trends and customer preferences Regulatory Compliance ▶ Automating compliance processes helps to meet safety standards more easily ▶ Digital systems can track materials to simplify reporting and reduce the risk of human error Get the full story on how #DigitalTransformation is reshaping the chemical industry – link in the comments! ⤵

We’re #hiring for key roles on our sales team. Come join us on our mission to digitize the world of chemistry. This is a truly unique opportunity to join a well-funded organization where you'll partner with C-Suite executives at the world’s largest chemical companies to deliver digital transformation across one of the world's largest and most important industries. If you are looking for a high-impact role to accelerate your #sales career, Knowde is a great place for you. Job description & application in the comments⤵

We’re sharing solutions to the 5 common digital initiative project mistakes to help you achieve success on your #DigitalTransformation journey. Mistake 4️⃣: Using traditional product information management (PIM) software unsuitable for the chemical and ingredient industries. The chemical and ingredients industries are some of the world's most complex. Traditional PIM software isn’t equipped to handle the intricacies of our sector. ⭐ Solution: ▶ Select a PIM/PDM created for the chemical and ingredient industries ▶ Ensure your PIM/PDM vendor leverages a standardized, flexible taxonomy so your data is organized and processed optimally for easy integration into other business systems We’ll be sharing the fifth and final tip next week – give us a follow so you don’t miss it!