Ultimate PIM Trends Report for 2022

The field of product information management (PIM) is constantly evolving, and new trends are emerging all the time. To stay ahead of the curve, it's important to stay up-to-date on the latest PIM trends.

In this blog post, we'll take a look at five PIM trends to watch out for in 2022. These trends include the rise of artificial intelligence (AI) in PIM, the growth of SaaS PIM solutions, the proliferation of mobile PIM applications, the emergence of cloud-based PIM solutions, and the increasing importance of big data in PIM.

We'll also briefly touch on five benefits of using a PIM system. These benefits include increased efficiency, improved data quality, enhanced customer experience, greater scalability, and increased agility.

Finally, we'll provide an overview of five vendors that are worth paying attention to in the world of PIM. These vendors are Infor, SAP, Oracle, Salesforce, and Microsoft.

Popular Ultimate PIM Trends Report for 2022 and workflows

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Popular Ultimate PIM Trends Report for 2022 and workflows

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5 PIM Trends to Watch in 2022.

The Rise of AI in PIM

Artificial intelligence (AI) is one of the most significant emerging technologies, and it is set to have a major impact on product information management (PIM). AI can be used to improve various aspects of PIM, including data quality, search, and recommendations.

One of the key benefits of AI is its ability to automate repetitive tasks. This can free up time for users so that they can focus on more strategic tasks. Additionally, AI can help to improve data quality by identifying and correcting errors.

Search is another area where AI can be used to improve PIM. By understanding the user's intent and context, AI-powered search can provide more relevant results. Additionally, AI can be used to generate recommendations for products that might be of interest to the user.

Overall, AI has the potential to greatly improve the efficiency and effectiveness of PIM systems. As such, it is definitely something to watch out for in the coming years.

The Growth of SaaS PIM

Product information management (PIM) systems are increasingly moving to the cloud, with software-as-a-service (SaaS) offerings becoming more popular. There are several reasons for this trend, including improved scalability, flexibility, and security.

SaaS PIM systems are more scalable than on-premises solutions because they can be easily updated and expanded as needed. They are also more flexible because users can access them from anywhere at any time. And finally, SaaS solutions tend to offer better security than on-premises solutions since they are hosted in secure data centers with strict controls in place.

5 Benefits of PIM.

Increased Efficiency

A PIM system can help your team to work more efficiently in a number of ways. First, by providing a centralized repository for product information, it eliminates the need for teams to search through multiple siloed systems to find the data they need. This can save valuable time and increase productivity. Second, a PIM system can automate many of the tasks associated with managing product information, such as data entry, validation, and enrichment. This can free up your team's time to focus on more value-added activities. Third, a PIM system can help you to better organize and structure your product information, making it easier to find and use. Finally, a PIM system can provide your team with tools and features that make it easier to collaborate on product information management tasks.

Improved Data Quality

A PIM system can also help you to improve the quality of your product data. By providing a central repository for product information, a PIM system can help you to ensure that all of your product data is accurate and up-to-date. In addition, a PIM system can provide you with tools and features that make it easier to validate and enrich your product data. This can help you to avoid common errors and ensure that your product data is complete and accurate.

Enhanced Customer Experience

A PIM system can also help you to enhance the customer experience by providing customers with access to accurate and up-to-date product information. In addition, a PIM system can provide customers with tools and features that make it easier to find the products they are looking for and compare different products side-by-side. Finally, a PIM system can help you to better manage customer reviews and feedback, making it easier to identify issues and address them in a timely manner.

Greater scalability

A PIM system can also help you to scale your business more effectively by providing you with the ability to easily add new products or categories of products without having to rebuild your entire website or catalog from scratch. In addition, a PIM system can provide you with tools and features that make it easy to manage large volumes of product data without compromising performance or reliability. Finally, a cloud-based PIM system can offer additional scalability benefits by allowing you to quickly provision new instances of the software as needed without having to worry about capacity constraints or complex deployment procedures.

Increased agility

A PIM system can also help you to increase your team's agility by providing you with the ability to quickly make changes to your product information without having to go through a lengthy and complex development process. In addition, a PIM system can provide you with tools and features that make it easy to test new product information before making it live on your website or in your catalog. Finally, a cloud-based PIM system can offer additional agility benefits by allowing you to quickly deploy new instances of the software as needed without having to worry about downtime or complex deployment procedures.

5 PIM Vendors to Watch in 2022.

Infor

Infor is a leading provider of business software, with a focus on enterprise resource planning (ERP). Infor PIM is a cloud-based product information management solution that helps businesses manage their product data more effectively. Infor PIM has been designed to work with Infor's ERP solutions, as well as other third-party systems.

SAP

SAP is another leading enterprise software vendor, and its PIM solution is called SAP Product Information Management (SAP PIM). SAP PIM helps businesses manage their product data more effectively, and like Infor PIM, it has been designed to work with SAP's ERP solutions, as well as other third-party systems.

Oracle

Oracle offers a cloud-based PIM solution called Oracle Product Information Management (Oracle PIM). Oracle PIM helps businesses manage their product data more effectively, and like Infor PIM and SAP PIM, it has been designed to work with Oracle's ERP solutions, as well as other third-party systems.

Salesforce

Salesforce is a leading provider of customer relationship management (CRM) software. Its PIM solution is called Salesforce Marketing Cloud (Salesforce MC). Salesforce MC helps businesses manage their product data more effectively, and like Infor PIM, SAP PIM, and Oracle PIM, it has been designed to work with Salesforce's CRM solutions, as well as other third-party systems.

Microsoft

Microsoft is a leading provider of enterprise software solutions, including productivity suites such as Microsoft Office 365 and collaboration platforms such as Microsoft Teams. Its PIM solution is called Microsoft Dynamics 365 for Customer Engagement (Dynamics 365 CE). Dynamics 365 CE helps businesses manage their product data more effectively, and like Infor PIM, SAP PIM, Oracle Pim, and Salesforce MC, it has been designed to work with Microsoft's enterprise software solutions, as well as other third-party systems.

Conclusion

PIM systems are becoming increasingly popular and important, due to the many benefits they offer businesses. In 2022, we expect to see continued growth in the PIM market, with more businesses adopting these systems to improve their efficiency, data quality, customer experience, and agility. Some of the leading PIM vendors to watch out for in 2022 include Infor, SAP, Oracle, Salesforce, and Microsoft.

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