Company: Data Dynamics
Company Description: Data Dynamics is a leader in managing unstructured data via its Unified Unstructured Data Management Platform providing data Analytics, Mobility, Security and Compliance. By leveraging the insight, intelligence and automation of the Platform, enterprises drive risk mitigation, enhance data security and optimize their storage, all from a single Platform.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Most Innovative Tech Company of the Year - Up to 100 Employees
 Nomination Title: Data Dynamics
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 174 words used.
Data Dynamics is a premier provider of enterprise data management solutions, orchestrating Data Democratization within an AI-driven, Climate-Focused World. At the heart of our offerings lies the award-winning Unified Unstructured Data Management Software, meticulously crafted to help organizations extract unparalleled insights securely, governed and optimized appropriately. Proven in over 300 organizations, including 28 Fortune 100 entities, our software is deeply integrated within the fabric of businesses across industries, bringing unparalleled value.
Our journey began in 2012 via the acquisition of an IP from Brocade Communications, and now, 12 years later, we have taken a product that was largely used for data migrations and made it into an enterprise-class comprehensive data management software best for this AI-era - Analytics, Security, Compliance and Mobility.
Results:
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Clientele includes - Eight F100 BFSI, 4 F500 energy enterprises, 6 F500 manufacturing enterprises, and 15 Top Lifescience enterprises.
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Net customer retention rate of 160%.
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80% reduction in risk and a 50% reduction in data sprawl.
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200% faster cloud migrations.
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Minimized TCO by 60%.
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In-year return on investment (ROI) for customers.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 233 words used.
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Titan Innovation Awards 2023: Business Transformation (winner), Big Data (winner), Cloud Technology (winner), Infrastructure Technology (winner), Sustainable Design (silver), and Best Business Technology Innovation (silver).
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DCS 2023 and 2022: Data Centre ICT Security Innovation of the Year (runner up) and Data Centre ICT Systems Vendor of the Year (runner up) in 2023, and 2022 - Winner of ‘Cloud Project of the Year’ for enabling file modernization into a single data lake to enable intelligent and secure data sharing for a global customer experience technology and services company and winner of ‘Data Centre ICT Storage Innovation of the Year.’ Runner-up - ‘Edge Project of the Year’ and the ‘Data Centre Consolidation/Upgrade Project of the Year’.
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CRN’s 2023 Storage 100 list: Recognized as one of the Top 20 Coolest Data Management Companies in CRN’s 2023 Storage 100 list.
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Stevie Awards 2022: Gold Stevie Award winner for the category ‘Migration as a Service’, Silver Stevie Award winner for ‘Big Data Solution’, and Bronze Stevie Award for ‘Achievement in Product Innovation’.
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Global Business Tech Award 2022: ‘Tech Deal of the Year’ for Data Dynamics’ Azure File Migration Program
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Globee Silver Disruptor Awards 2022: Information Technology Software for StorageX® and Products, Solutions, and Innovation in Business Intelligence and Analytics for Insight AnalytiX™.
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SDC Awards 2022: Data Management Innovation of the Year (winner), Storage Transformation of the Year (winner) and Storage Management Innovation of the Year (runner up).
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 233 words used.
Key Challenges:
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Underutilization of File Storage: Only 53% of total usable file storage was being utilized, resulting in a surplus payment of $26.38M yearly for unused capacity.
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Cost Imbalance: The average cost of file storage per TB was $1,333, whereas object storage cost only $475 per TB, representing a 64% cost reduction.
UDM's Solution:
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Data Identification
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Analyzing metadata to discover, classify, tag, and index data sets based on ownership, access, metadata, and content
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for a single pane view of sensitive data, followed by quarantining high-risk sensitive data in secure storage with limited access
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Identifying files to move to low-cost object storage for long-term archival or cloud tiering
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Ensuring role-based access with intelligent file access control and file-repermissioning
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Migration of Data:
Intelligent data placement to ensure data is placed closest to the applications, meeting data governance and compliance requirements
Business Impact:
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Reduced TCO: Achieved a 79.2% cost saving through data optimization.
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Increased Usable Capacity: Gained 29% usable data storage by moving data to object storage.
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ESG Benefits: Enabled proactive data analysis for continuous optimization and reduced data center footprint, contributing to Environmental, Social, and Governance (ESG) goals.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 25 words used.
Case Study: 78.7% Lower TCO with Smart Data Storage Lifecycle Management for a Fortune 400 investment banking services company
Website Homepage: www.datadynamics.com
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