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: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Governance, Risk & Compliance Solution
 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 the nominated new or new-version product or service, 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: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Established in 2012, Data Dynamics stands as a premier provider of enterprise data management solutions, guiding businesses in orchestrating Data Democratization within an AI-driven, Climate-Focused World. At the heart of our offerings lies the award-winning Unified Data Management (UDM) Software, meticulously crafted to help organizations structure unstructured data and extract unparalleled insights securely, governed, and optimized. Proven in 300+ organizations, including 28 Fortune 100 entities, it seamlessly adapts to evolving macroeconomic conditions and the dynamic data landscape through its four modules: Data Analytics, Mobility, Security, and Compliance. Powered by a strategic blend of automation, AI, ML, and blockchain, our software is a versatile solution for modern data challenges.
Through StorageX, Insight AnalytiX, and ControlX, Data Dynamics offers a Unified Data Management software that helps enterprises unlock the power of end-to-end data management.
The date on which the update was released are as follows:
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StorageX 9.0 (Mobility & Analytics) - October 3, 2023
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Insight Analytics I.4 (Analytics & Security) - March 2, 2022
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ControlX 1.1 (Compliance) - November 8, 2021
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 297 words used.
1. Data Availability: Through comprehensive data discovery, cataloging, and metadata analytics, organizations gain unprecedented visibility into their data landscape across on-premises, cloud, and hybrid environments. This enables informed data management decisions, reduces data sprawl, and optimizes storage resources, guaranteeing data availability when required.
2. Data Integrity: Prioritizing data integrity, Data Dynamics implements robust archive policies and file preservation techniques to safeguard original content. Effortless data retrieval ensures swift access to archived data, promoting efficiency and compliance.
3. Data Accessibility: Advanced access control mechanisms and file re-permissioning strategies enhance data accessibility while maintaining robust security measures. Open share reporting identifies sensitive data within open shares, enabling organizations to rectify permissions and enhance data security.
4. Data Security: Utilizing insights from risk exposure analysis and actionable risk remediation strategies, organizations effectively identify and quarantine high-risk sensitive data, thereby enhancing overall data security. Secure data sharing mechanisms ensure data confidentiality and privacy compliance, even in complex data lake environments.
5. Data Governance: Strengthening data governance through comprehensive data mapping, classification, and policy-based migration strategies. Industry-standard compliance templates, accurate data identification, and classification ensure adherence to regulatory standards, while policy-driven automated data movement streamlines migration, replication, and archiving processes across various platforms.
6. Data Migration: Data Dynamics offers a holistic solution encompassing S3-compliant access, content analytics, context analytics, and integrated risk controls. Scalability, performance, and a dedicated migration factory further enhance software capabilities, enabling organizations to manage data securely and reliably at scale.
Data Dynamics' innovative six-tier approach signifies a paradigm shift in data management, providing organizations with unparalleled capabilities to safeguard, govern, and optimize their data assets. Leveraging advanced analytics, robust security measures, and policy-driven automation, Data Dynamics empowers organizations to navigate the complexities of modern data environments with confidence, ensuring data remains secure, compliant, and accessible at all times.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 342 words used.
Our commitment to customer success is evident in our impressive track record:
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Explosive Growth: Data Dynamics boasts a 5-year CAGR in bookings of +69% and a +46% CAGR in exit ARR. This explosive growth reflects our dedication to delivering top-tier data management solutions through our unified data management software.
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Quantifiable Benefits: By analyzing and migrating over 400PB of data, we've saved clients significant time and money. Through intelligent analysis, actionable remediation, and storage optimization, Data Dynamics has saved customers over $250 million in storage costs and a staggering 170+ years of project time.
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Trusted Expertise: With over 300 customers, including 28 Fortune 100 companies, Data Dynamics has established itself as a leader in unstructured data management. We deliver expert analysis for content and context, encompassing risk assessment, privacy assessment, storage visibility, and infrastructure optimization.
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Unsurpassed Customer Satisfaction: Our unwavering dedication to customer satisfaction is reflected in our net customer retention rate of 160% and a stellar 4.9 out of 5 customer support rating.
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Unmatched Scalability and Performance: The Unified Unstructured Data Management software is built to scale. It offers 3X faster migrations to cloud services, boosting productivity by 10X.
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Industry Leader: Data Dynamics is the preferred choice for comprehensive data management across various sectors. Trusted by 6 of the world's 12 largest banks, 8 F100 banks and financial institutions, 4 F100 energy enterprises, 6 F100 manufacturing enterprises, and 15 top life sciences enterprises, our diverse clientele speaks volumes about our industry reach and expertise.
Data Dynamics takes customer success beyond just numbers. We actively forge strategic partnerships that push the boundaries of big data solutions. A prime example is our collaboration with Hitachi. By merging Hitachi Vantara's robust storage solutions with Data Dynamics' AI/ML-driven software, this partnership empowers organizations to navigate the complexities of managing unstructured data while harnessing its full potential. At its core, this collaboration offers a suite of capabilities including comprehensive data discovery, classification, and remediation. Going beyond simple storage optimization and compliance assurance, the integrated solution bolsters data security measures and provides invaluable insights for informed decision-making.
- 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 241 words used.
Need
• Organizing vast data spread across operations to identify and protect client-specific and sensitive information.
• Implementing a comprehensive process to adhere to regulations, enhance governance, and safeguard data.
• Utilizing Azure migration for strategic data management, scalability, and improved operational capabilities.
Challenges
• Facing a 1 billion pound lawsuit, urgency mounted to swiftly resolve data exposure issues.
• Handling 700 TB of data across multiple storage clusters added complexity to management.
• Uncertainty surrounding unstructured data nature and risk intensified concerns.
• Preserving industry reputation was as critical as mitigating monetary penalties.
Solution
· Over 700 TB of data was meticulously scanned, categorized, tagged, and indexed, enabling efficient organization and management.
· Content analytics scrutinized more than 175 TB of data to identify and safeguard sensitive customer information.
· Personal and sensitive data were isolated into secure storage with restricted access, minimizing the risk of unauthorized usage.
· With the objective of moving away from UK data centers, the platform facilitated a seamless transition to Azure, ensuring compliance, reducing risks, and capitalizing on cost savings and operational agility.
Impact
· By discovering, classifying, and indexing data based on ownership, access, metadata, and content, the companies gained better control over unstructured data, streamlining their management processes.
· Sensitive data identification and quarantine measures bolstered the security of the accounting firm's client data, mitigating potential breaches and protecting the firms' reputations.
Link to the case study - https://www.datadynamicsinc.com/case-study-700-tb-of-data-scanned-categorized-and-quarantined-to-avoid-sanctions-and-reputational-loss/
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