Chicago-based Initiate Systems has introduced Initiate Master Data Service version 8.0, a comprehensive master data management (MDM) platform that delivers single and complete versions of critical data assets in real-time to users.

Initiate said its product serves as a platform for organizations to apply master data management techniques to the business problems and needs of specific markets, such as healthcare, financial services, retail, hospitality, high tech and national intelligence.

The new MDM version provides organizations with comprehensive, accurate and real-time views of data spread across multiple systems or databases, as well as outside the firewall, according to Initiate.