Data Analytics Remain Top Business Initiative for Retail and Finance to Mitigate New Digital Normal

LogZilla | June 26, 2020

LogZilla, the provider of network event orchestration solutions, today released the results from its 2020 Log Tool Management Study of enterprise networking challenges, specific to data-driven projects. The Study reflects that IT teams are rapidly deploying new services and offerings based on data analysis, with a majority citing security and compliance as a top priority.  While a key findings revealed that 88% of future IoT project challenges are stalled due to costs related to server storage and licensing fee models, more notable was that 67% of respondents cited they experience greater than one-minute delays in their 'real-time' logging tools' feature, which could expose security threats and gaps.

"Our Study identifies a path forward for IT as they embrace their new digital normal to propel themselves ahead of their competitors and become leaders armed with the right tools to deploy against future data-driven projects," said Clayton Dukes, Chief Executive Officer, LogZilla.  "Not surprising was that a business's resiliency remains heavily dependent on data analysis, yet IT is still vying for a cost-effective alternative to the rising data storage and licensing fees with subscription models that are stalling even the most basic of data initiatives."

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BIG DATA MANAGEMENT, DATA VISUALIZATION

Syniti Announces New Data Quality and Catalog Capabilities to Help Deliver Clean, Actionable Data

Syniti | September 15, 2022

Syniti, a global leader in enterprise data management, today announced new data quality and catalog capabilities available in its industry leading Syniti Knowledge Platform, building on the enhancements in data migration and data matching added earlier this year. The Syniti Knowledge Platform now includes data quality, catalog, matching, replication, migration and governance, all available under one login, in a single cloud solution. This provides users with a complete and unified data management platform enabling them to deliver faster and better business outcomes with data they can trust. Trustworthy data is critical for the decisions businesses must make to reduce risk, drive competitive advantage and deliver bottom-line growth. According to Gartner® research, "Significant data quality issues remain a key impediment for organizations' digital initiatives. Failure to address data quality issues for critical use cases puts organizations at a disadvantage delivering business value and has severe consequences."1 Historically, in order to get better data, companies would have to buy multiple, point-based solutions like heavy data catalog tools that require massive teams to build and maintain or data quality solutions that only identify problems, rather than helping fix issues. This approach is expensive, unnecessarily complex and does not address the data needs of today's businesses. With the Syniti Knowledge Platform, customers now have a unified solution to address the data needed to drive critical business objectives now and in the future. The same Gartner research states that, "From an end-user perspective, organizations are attracted to [unified data management platforms] this option as well, anticipating improved total cost of ownership due to less integration and maintenance between data quality solutions and adjacent applications."1 Gartner, The State of Data Quality Solutions: Augment, Automate and Simplify , Melody Chien, Ankush Jain, 15 March 2022 Each enhanced component of the Syniti Knowledge Platform includes significant new functionality, updates and enhancements, all of which are amplified by their integration. With these new combined capabilities, organizations will benefit from: More efficient data management: From data identification through to resolution, stakeholders can collaborate in one platform. With a single catalog that underpins all data management activities, data activities can be reused across multiple projects helping drive faster and cheaper data management initiatives. Better resourcing & improved business processes: Linking data management and quality to business outcomes improves processes and decision-making while also helping to ensure more bang-for-their buck when it comes to allocating time and resources. Data quality issues with the greatest impact are automatically detected and KPI improvements are tracked over time with smart remediation pipelines. Faster ROI & savings potential: The Syniti Knowledge Platform offers hundreds of proven, out of the box data quality rules and reports and business outcome-related dashboards, which can help users discover millions of dollars in savings. Rules created in data migrations can be used for ongoing data quality, saving time and enforcing compliance. Knowledge re-use can help reduce future data projects by 50%. "Data quality isn't a one-time event. Organizations need a unified approach that enables them not just to rapidly find bad data, but to efficiently fix it and sustain that high quality to drive continuous, ongoing value. The Syniti Knowledge Platform's new capabilities allow our users to leverage a more efficient, interconnected and user-friendly platform in a way that's directly tied to business outcomes and objectives." Jon Green, Vice President, Product Management, Syniti Kevin Campbell, CEO, Syniti, said: "Poor quality data pollutes the entire organization, negatively impacting business operations and wasting time, money and resources. We have purpose-built a data platform to drive business value as opposed to the many siloed solutions that treat data quality as purely a technical exercise. We want our customers to spend more time drawing insights from trusted data versus finding and fixing data problems." Allan Coulter, global chief technology officer for SAP Services, IBM said: "The strategic important of clean, high-quality data cannot be overstated – it is critical to any business modernization effort and to unlocking potential from future analytics and insights. It is exciting to see the new capabilities Syniti is adding to its Syniti Knowledge Platform to help customers succeed in their transformation journeys." GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. About Syniti Syniti solves the world's most complex data challenges by uniquely combining intelligent, AI-driven software and vast data expertise to yield certain and superior business outcomes. For over 25 years, Syniti has partnered with the Fortune 2000 to unlock valuable insights that ignite growth, reduce risk and increase their competitive advantage. Syniti's silo-free enterprise data management platform supports data migration, data quality, data replication, master data management, analytics, data governance, and data strategy in a single, unified solution. Syniti is a portfolio company of private equity firm Bridge Growth Partners LLC.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Mutually Human Announces Merger with Mirrorlytics, a Respected Data and Business Analytics Firm

Mutually Human | September 08, 2022

Mutually Human, a nationally recognized digital transformation and software consultancy firm, announced today that it has acquired Mirrorlytics, a respected data and business analytics firm headquartered in Grand Rapids, MI. The two companies will combine under the Mutually Human brand. As a result of the merger, the combined organization will offer a broader set of solutions to its clients. The additional data analytics capabilities will directly enhance Mutually Human's efforts in digital transformation, workforce transformation, and the proper application of new and innovative technologies. Along with the combination, the company has also announced three leadership team changes. Mark Van Holstyn, Mutually Human's founder, has taken a strategic role as Chief Technology Officer. In this role, Van Holstyn will be responsible for technology innovation and leading the delivery of custom software and automation solutions. Data and analytics initiatives will be led by Jordan Poortenga, founder of Mirrorlytics, as Vice President of Analytics. Jason Kuipers will lead the combined company as President, where he will be responsible for all day-to-day operations. "We are thrilled by what this means for our clients," said Kuipers. "The pace of digital change our customers face is continuing to accelerate. Incorporating the Mirrorlytics team will enable us to help our clients harness their data for a better understanding of their businesses, their customers, and their employees - ultimately leading to improved business outcomes. It's a powerful addition to our already industry-leading software development and automation capabilities." "We've built a talented team at Mirrorlytics. By bringing our two organizations together under a single brand, we'll provide even more depth to our data and analytics advisory capabilities and enhance our full-service software consultancy," stated Poortenga. Century Technology Group, Mutually Human's parent company, managed the acquisition. Financial details of the transaction have not been disclosed. About Mutually Human Mutually Human is a full-service software development and digital transformation consultancy that specializes in custom software, data analytics, and intelligent automation. Our U.S.-based team of technology strategists, business analysts, designers, engineers, and developers craft powerful, human-friendly software for organizations of all sizes looking to launch new digital products, identify processes ready for automation, or simply better understand their business. In short, Mutually Human works with clients to create and implement technology that people want to use, improves business outcomes, and empowers organizations to do more with less. About Mirrorlytics Founded in 2017, Mirrorlytics is a Management Consulting firm that specializes in Strategic Analytics. They provide analytical services that aim to help businesses develop a data-driven culture. Mirrorlytics work to align data-centered projects with strategic planning to ensure long-term goals are being met. About Century Technology Group Century Technology Group is a family office based in Grand Rapids, MI. The firm partners with proven operating leaders to provide growth capital, administrative resources, and managerial consulting to promising technology-lead businesses with strong core products, services, or capabilities. Their portfolio companies also include MindSpring, a global leader in digital content production, and Talent Strategy, a professional search and recruiting firm.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

March Networks Acquires Cloud-Based Data Analytics Platform from DoIT Software

March Networks | October 07, 2022

March Networks®, a global video surveillance and video-based business intelligence leader, is pleased to announce it has acquired the FOCUS Business Analytics Platform from DoIT Software Sp.Z.o.o based in Gliwice, Poland. The transaction fast-tracks its transition to cloud video and gives March Networks a new cloud-based data analytics platform that will be integrated into its existing Searchlight software, further extending its ability to deliver operational and business intelligence to its customers. March Networks completed the acquisition on October 1. The majority of the DoIT Software staff will join the newly established March Networks Poland and the facility will serve as the company's newly created development center for advanced data analytics and Artificial Intelligence (AI). Searchlight is a highly flexible platform that combines high-definition video surveillance with various data sources including transactional data from point of sale systems, metadata from AI-enabled cameras and other forms of sensor-driven data to give organizations a complete view of their business. Using the platform, corporations can address security and fraud concerns, while also gaining insights into operational, compliance, and sales and marketing issues. With the new FOCUS software integration, Searchlight will be further enhanced so all data lives in the cloud. A modern and intuitive user interface will also feature customizable reports and dashboards, allowing customers to configure a multitude of reports, establish key performance indicators (KPIs), monitor trends, and set targets for improvement. Multiple sources of data can be tied together, analyzed and visualized, giving customers a more comprehensive view of their business. Today, 15,000 business locations worldwide use March Networks Searchlight™, including multi-national retailers and financial institutions, major restaurant chains, as well as leading c-stores. Once the integration with Focus is complete, these customers will be able to upgrade to the new cloud-based platform and take advantage of its scalability and flexibility. "We are very excited to add the FOCUS platform to the March Networks product portfolio. This represents our first acquisition since being acquired by Delta in December. "Our product strategy continues to center on extending the value of video surveillance beyond security, and this new platform — with its ability to process large data sets from multiple sources — offers almost unlimited potential to gather new operational and business intelligence. We are very happy to welcome Leszek Tomanek and the staff of DoIT Software to the March Networks family. We plan to further invest in the area and expect to double the number of employees in our new Gliwice office." Peter Strom, President and CEO of March Networks Leszek Tomanek, CEO of DoIT Software, said the March Networks product vision aligns well with DoIT Software's technical expertise. "Our FOCUS software developers bring years of experience building scalable video and data analytics solutions. We're excited to bring this knowledge and experience to March Networks, and further enhance an already well-established and successful product in Searchlight." March Networks is targeting to launch the next evolution of Searchlight integrated with the cloud-based FOCUS platform in Q1 2023. Existing March Networks hosted Searchlight customers will be able to gain access to the new platform on a trial basis, while still enjoying the same features and functions that exist today. About March Networks March Networks® helps organizations transform video into business intelligence through the integration of surveillance video, analytics, and data from business systems and IoT devices. Companies worldwide use our software solutions to improve efficiency and compliance, reduce losses and risk, enhance customer service and compete more successfully. With deep roots in video security and networking, March Networks is also recognized as the leader in scalable, enterprise-class video management and hosted services. We are proud to work with many of the world's largest financial institutions, retail brands, cannabis operators and transit authorities, and to deliver our software and systems through an extensive distribution and partner network in more than 70 countries. Founded in 2000, March Networks is headquartered in Ottawa, Ontario, Canada. It is owned by Delta, a global leader in power and thermal management solutions. For more information, please visit marchnetworks.com. March Networks and the March Networks logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners. About DoIT Software DoIT Software was founded in 2019 by a group of experienced professionals. The company's focus was to build software products based on the latest available technology with the goal of delivering valuable content to businesses. Using expertise around different types of data, the DoIT team built a big data platform accompanied by a web-based application. The solution allowed users to process a variety of data and give it a visual context.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Precisely Works with AWS to Power Mainframe Modernization for Real-Time Access to Data

Precisely | December 01, 2022

Precisely, the global leader in data integrity, today announced it is working with Amazon Web Services (AWS) on its AWS Mainframe Modernization service. The integration offers real-time replication of mainframe data to AWS leveraging Precisely Connect, allowing customers to securely and efficiently migrate data, as well as access mainframe data on AWS for more powerful analytics. This new scope of work delivers a mainframe modernization solution to the market that allows customers to replicate mainframe data onto AWS with zero downtime. The functionality allows customers to build resilient, high-performance data pipelines that connect data from their mainframe databases to AWS services like Amazon Relational Database Service (Amazon RDS), Amazon Aurora, Amazon Simple Storage Service (Amazon S3), Amazon EMR, Amazon Managed Streaming for Apache Kafka (MSK), Amazon Redshift, Snowflake on AWS, and more. By accelerating access to mainframe data on AWS, businesses can get mainframe migration projects done on time and on budget, all while extending the value of mission-critical, and high investment, mainframe systems. The integration solution works within a business’s existing architecture, allowing teams to future-proof solutions and be flexible when introducing new applications and use cases. Customers that have already begun taking advantage of these joint capabilities include AAA Life Insurance: “Our customers rely on us to provide financial protection for their loved ones, and with over 1,500,000 active policies, central to success is real-time access to trusted data across multiple sources. This includes mainframe systems - which are notoriously challenging to integrate effectively,” said Steven Hinzmann, Manager of Application Development at AAA Life Insurance. “Precisely Connect allows us to quickly and easily access vast volumes of historical business and customer data, which is then replicated to the AWS environment where it can be leveraged for advanced analytics. The combination of Precisely’s rich heritage in handling mainframe data with AWS’s cloud platform has been unbeatable for allowing us to innovate and drive the best possible customer experience." “Data is the lifeblood of the digital economy and the pipelines that carry it are essential to a business’s IT infrastructure. “Together with AWS, we can help our customers to maximize their data and investments - unlocking the true potential of their critical data assets to power their business by making critical data assets available for AWS and for advanced analytics.” Eric Yau, Chief Operating Officer at Precisely “AWS and Precisely empower our customers to build trust in their data,” said Bill Platt, General Manager for Migration Services at AWS. “By integrating data from complex mainframe systems directly onto AWS, customers can rely on their data to be the driving force of confident analytics, and ensure they are deriving maximum value from their infrastructure investments.” About Precisely Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes.

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