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Company Overview: Data Dynamics

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Company Overview: Data Dynamics

Intelligent file management enables enterprises to move, manage, and analyze data seamlessly across hybrid infrastructures.

· Big Data Zone ·
Free Resource

I had the opportunity to learn about Data Dynamics today as the third company on IT Press Tour #31. Piyush Mehta, CEO provided an overview of the market in which it is estimated that increasing the usability of data in the average Fortune 1000 company by 10% would boost annual revenue by more than $2 billion.

According to Piyush, Data Dynamics helps companies:

  • Know what data they have and where it resides.
  • Transform the data by enabling data management.
  • Unlock the value of the data by identifying opportunities with effective data governance.
  • Gain a competitive advantage by uncovering insights for informed business decisions.

With StorageX 8.1, customers get:

  • Optimized file scan and analytics powered by ElasticSearch.
  • The ability to perform query searches to create custom datasets.
  • Support of Microsoft Azure Blob.
  • Integration for third-party monitoring tools.
  • Data grooming for Cassandra.
  • New API functions for business workflow integrations.

Data Dynamics is already in 26 of the Fortune 100 and 6 of the world’s 12 largest banks. A bank in Switzerland is now saving $21 million per year as the result of 10X greater productivity with environment optimization. The total cost of storing data in legacy systems, on-prem is $.30/GB per month and falls to $.02/GB per month in the cloud.  

The greatest benefits of StorageX seem to be around compliance and risk mitigation.

  • Understand your data.
  • Effective access and placement of data.
  • Categorization of data for quicker searches and retrieval.
  • Transparency of data to the owners.
  • Able to store data in a secure and accessible manner.
  • Enable data management in a hybrid cloud.

I expected compliance and risk mitigation to be a key driver for financial services, but Piyush said he’s seeing demand across clients in oil and gas and media as they move data to the cloud and store it there.

Topics:
big data ,elasticsearch ,azure blob storage ,data grooming

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