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: Data Tools & Platforms
 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 325 words used.
Data Dynamics has redefined unstructured data management with its Unified Data Management Software. This innovative solution offers a comprehensive suite of features:
• Data Analytics: Enhance data lifecycle management with metadata discovery, classification, and tagging, optimizing usage pattern insights. AI/ML-powered content analytics aids in the discovery and classification of sensitive data, while context analytics allows deeper insights into data context, considering content, structure, and data relationships. the cornerstone of our unified data management software is the analytics suite, which provides comprehensive metadata analysis. by capturing essential data points such as file ownership, access history, and file characteristics, our solution empowers organizations to make informed 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 modeling, driven by Regex and AI, ensures precise and adaptive pattern recognition.
• Data Compliance & Governance: Identify personal data files through data classification and tagging, ensuring compliance with regulatory standards. Blockchain-backed Immutable audit logging captures data access activities for trustworthy internal governance reports.
• Data Mobility: Execute policy-driven automated migration seamlessly across platforms, both on-premises and in the cloud (Azure, OneDrive, GCP, AWS). Integrated risk controls, including Microsoft Information Protection and Azure Information Protection, secure data sharing, petabyte-scale data management and dedicated migration support.
Moreover, our software addresses critical challenges like 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.
- 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.
A Fortune 50 multinational automotive company unlocked innovation from three petabytes of unstructured data using Data Dynamics' Unified Unstructured Data Management Software. This solution analyzed, cleansed, tiered, and archived data, optimizing storage and enabling seamless access.
Need
· Gain valuable data insights with comprehensive metadata analysis.
· Efficiently manage data by categorizing, tiering, and archiving based on relevance.
· Enable self-service access for administrators and maximize storage efficiency with intelligent data management.
Challenges
• Three petabytes of unstructured data in NetApp/Isilon File Share causing inefficiencies.
• Wasted storage and costs due to unutilized data.
• Storage expenses driven up by lack of optimization.
• Establishing data-business value connection for informed decisions.
• Ensuring secure data access without compromising privacy.
Solution
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Managing over three petabytes of unstructured data across their NetApp/Isilon File Share environment using a lightweight, single data management software.
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Identifying, classifying, and tagging data for efficient search and storage optimization.
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Enabling a user-friendly, policy-based approach for optimized data access while ensuring data security.
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Creating an immutable audit log using blockchain technology to track data access activities and enhance governance and risk mitigation.
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Offering intelligent data insights to empower data-driven decision-making, enabling the modernization and reduction of data sprawl.
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Impact
By harnessing valuable metadata insights, the company gained a holistic view of its data, empowering efficient management and decision-making.
· Discovering dark data allowed for storage optimization and the elimination of redundant data, resulting in cost savings.
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Link to the case study - https://www.datadynamicsinc.com/docs/Brochures/Case%20Study%202%20-%20The%20Rise%20of%20a%20Data-Rich%20Landscape.pdf
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