Naveego, an emerging leader of cloud-based Data Quality and Master Data Management (MDM) solutions, introduced its Complete Data Accuracy Platform 2018.2.0 that empowers organizations to proactively transform data into viable, actionable information assets across enterprise systems. The platform delivers exceptional data quality in a Big Data world, without the gross complexity and high cost of customized installation and ongoing maintenance that go hand-in-hand with legacy solutions. Using API connections, Naveego’s solution agnostically connects with any type of data where the data resides, eliminating the need to make infrastructure changes. As a result, businesses can achieve, on average, an ROI of 800 percent within 60 days of implementation as compared to years, with legacy data management solutions.
As data expands exponentially due to the rise of artificial intelligence, machine learning, the internet of things (IoT), mobile devices, autonomous vehicles, and other sources outside of traditional data centers, the challenge of data cleansing is rapidly becoming more difficult, as well as expensive. In addition to the high price of legacy systems and customization, poor data quality costs the U.S. economy $3.1 trillion a year. At $100 for each incorrect record, a company with only 50,000 incorrect records incurs a cost of $5 million to maintain them.
There is also a cost associated with the undue time that high wage data scientists spend on scrubbing and prepping data. Reports indicate that up to 80 percent of their time is squandered on mundanely collecting and cleansing inaccurate digital data, before it can be explored and used for analysis purposes. This “data janitor work” is their least favored activity, and yet it consumes most of their time when they should be focused on actual data analysis.
Naveego’s Data Accuracy Platform 2018.2.0 provides a 360 degree view of information assets across traditional data such as CRM, ERP and MDM systems, as well as new data from web searches, clickstreams, IoT sensor data, social media, and streaming data. By connecting all sources of data into a single view, businesses can proactively achieve global data health, in one place. Simple to use, it ensures data accuracy, drives consistency across the enterprise, and is accessible for business decision makers. The platform, while extremely affordable, delivers the power of MDM, and real-time validation and monitoring. It also enables (without building) bi-directional sync.
The Naveego Complete Data Accuracy Platform 2018.2.0 includes the following new features and capabilities to enable seamless, end–to–end data quality and self-service MDM:
“The race to drive competitive advantage through better use of information assets is leading to demand for efficiency – which means demand for reliable data,” said Katie Horvath, CEO of Naveego. “In order to monetize data and obtain ROI on data collection investment, efficiencies must be achieved to get clean and accurate data that businesses can rely on. This is why demand for Naveego’s Complete Data Accuracy platform is exploding. In the Hadoop world of big data, and the ‘new data’ from sources not managed by traditional master data management installations (such as IoT data), businesses need a solution that brings together and manages both new and traditional data from disparate sources, scrub it, and deliver it ready for consumption analysis and business productivity and profitability.”
For more information, please visit www.naveego.com