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: Big Data 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 349 words used.
Data Dynamics has revolutionized big data management through its Unified Data Management Software, delivering a comprehensive suite of features tailored to address the most pressing challenges in the field:
Data Analytics: Our innovative solution empowers organizations to enhance data lifecycle management through metadata discovery, classification, and tagging. Leveraging AI/ML-powered Content Analytics, businesses can efficiently discover and classify sensitive data, while Context Analytics offers deeper insights into data context, including content, structure, and relationships. The cornerstone of our software lies in the Analytics Suite, facilitating comprehensive metadata and content analysis to inform decisions regarding data security, compliance, and storage optimization.
Data Security: Gain a holistic understanding of risk exposure through Risk Exposure Management's descriptive and diagnostic analytics. Quickly contain and isolate sensitive data with Data Containment, enforce file permissions with Access Control, and rectify permissions using Open Share Reporting. Advanced Data Modelling, driven by Regex and AI, ensures precise and adaptive pattern recognition.
Data Compliance & Governance: Ensure compliance with regulatory standards by identifying personal data files through Data Classification and Tagging. Our software incorporates Blockchain-backed Immutable Audit Logging, capturing data access activities for trustworthy internal governance reports.
Data Mobility: Seamlessly execute policy-driven automated migration across platforms, both on-premises and in the cloud (Azure, OneDrive, GCP, AWS). Integrated Risk Controls, including Microsoft Information Protection and Azure Information Protection, alongside Secure Data Sharing, Petabyte-scale Data Management, and Dedicated Migration Support, provide comprehensive data mobility solutions.
Furthermore, our software addresses critical challenges such as managing "orphaned data," facilitating compliance adherence, and reducing storage sprawl. By analyzing file age and access patterns, our solution enables intelligent data tiering, optimizing storage resources and minimizing costs. Leveraging AI and ML technologies, our software empowers enterprises to transform data into a strategic business asset while driving significant cost savings through reduced total cost of ownership. With support for various environments, including SMB, CIFS, and NFS, our solution is poised to revolutionize big data management for enterprises worldwide.
Data Dynamics' Unified Data Management Software transcends traditional big data management, offering a holistic and intelligent approach to empower businesses to unlock the true value of their data.
- 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 249 words used.
For a leading global healthcare services company, managing data sprawl was crucial to reduce costs and mitigate risks. The intelligent lifecycle management software improved data accessibility and understanding, saving $7.5 million annually.
Need
· Implemented a robust data lifecycle strategy to enhance accessibility, security, and management.
· Tackled risks from data sprawl and managed dark data for cost savings. Optimized file storage for efficient resource use.
Challenges
· The surge in unstructured data posed business and IT risks, straining systems.
· Mismanagement of non-critical data heightened legal and compliance risks.
· Inefficient lifecycle management hindered optimization efforts.
· Over ⅓ of storage housed untouched files for 5 years, and ⅘ were orphaned, exacerbating storage bloat.
Solution Offered
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Conducted a robust metadata scan and file-level tagging process, providing deep insights into each file. This enabled efficient data classification and organization based on content, age, and relevance, optimizing data management strategies.
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Offered file-to-cloud object archiving, addressing unstructured data growth and sprawl.
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File-to-file synchronization ensured up-to-date data across storage systems, promoting streamlined accessibility and security.
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Facilitated seamless and automated file-to-file data migration between storage vendors and tiers, optimizing utilization and resource management while ensuring data security during migration.
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Integration-ready APIs fostered smooth collaboration with existing business processes, enabling seamless data exchange.
Impact
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