Powerful Golden-Record-as-a-ServiceTM Offering Eliminates the Need for Costly IT Resources Resulting in 5X Faster Deployment at 80% Cost Savings Over Legacy Solutions
Traverse City, MI – August 20, 2019 – Naveego™, an emerging leader of cloud-first distributed data accuracy solutions, today introduced the next generation of its Complete Data Accuracy PlatformTM, now with self-service Master Data Management (MDM) and Golden-Record-as-a-ServiceTM (GRaaSTM) for non-technical business users. This powerful offering enables users to acquire the data they need for advanced analytics without having to rely on the IT department or professional services. GRaaS ensures that enterprises have a single version of the truth to leverage the power of their data for analytics and reporting immediately upon deployment. The result is an 80 percent reduction in cost and implementation that is five times faster than legacy solutions.
The next generation platform includes an advanced, patent-pending security measure that performs merging and checks consistency without decrypting data or even having platform access to the encryption key. It requires no customization or infrastructure change to adopt, and has a low total cost of ownership (TCO) since it is a complete solution that removes the need for highly skilled individuals to implement and maintain.
As data expands exponentially due to the rise of artificial intelligence (AI), machine learning (ML), 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. According to Gartner the annual average cost to organizations is $15 million for maintaining bad data. 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 per year 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.
The Naveego Complete Data Accuracy Platform is a hybrid and multi-cloud, distributed data accuracy solution that proactively manages, detects and eliminates customer data accuracy issues across all enterprise data sources to ensure a single golden record and make data consistent across the enterprise. It prevents data lakes from becoming data swamps by leveraging Kubernetes, Apache Kafka and Apache Spark technologies to enable rapid deploy, distributed processing and seamless integration with data no matter where it lives, and it fully supports on-premise, hybrid and multi-cloud environments. Naveego provides data accuracy at high volume with real-time streaming from any data source in any environment regardless of its schema or structure.
“Companies across all industries are reimagining themselves within a digitally transformed future. Central to that future is leveraging a data tsunami resulting from newly connected consumers, products and processes,” said Michael Ger, General Manager, Automotive and Manufacturing Solutions, Cloudera. “Within this context, data quality has taken on a critical new importance. The Naveego data accuracy platform is critical for enabling traditional approaches to business intelligence as well as modern-day big data analytics. The reason for this is clear – actionable insights start with clean data, and that’s exactly what the Naveego platform delivers.”
New features of Naveego’s Next Generation Data Accuracy Platform Include:
“The ability to achieve golden record data has typically been available only by hiring a systems integrator or other specialist, at a high cost and TCO to the enterprise,” said Katie Horvath, CEO, Naveego. “The next generation of our Data Accuracy Platform is truly a game changer, empowering business users to access trusted data across all data types for analytics purposes, entirely on their own with an easy to use, flow oriented user interface – and at a significantly lower cost. This is sure to disrupt pricey legacy solutions that require vast amounts of professional resources and on average five times longer to deploy.”
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Naveego is a leading provider of cloud-first, distributed data accuracy solutions for seamless, end-to-end data quality and self-service Master Data Management (MDM). The NaveegoTM Complete Data Accuracy PlatformTM leverages the Apache open source framework to enable organizations to proactively manage, detect and eliminate data accuracy issues across all enterprise data sources in real-time – regardless of its structure or schema. It seamlessly connects to each source whether in the cloud or on-premise and scales effortlessly to ingest data streaming from data lakes, IoT devices and edge services to provide a single, holistic view of all information assets to create analytics ready information and ensure global data health. The solution is easy to install and adopt, and empowers businesses to start taking control of their data in just hours. For more information, call +1 231-346-4144, visit http://www.naveego.com or connect with Naveego on LinkedIn and Twitter.
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