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: Personal Information (PI) Regulatory 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
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.
- 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 342 words used.
Here is our six-tier approach:
· Data Visualization and Quality: Through Context Analytics, we enable organizations to gain deep insights into their data landscape across various environments, including on-premises, cloud, and hybrid setups. This empowers informed decision-making in data management, ensuring that resources are optimized and data sprawl is minimized. Additionally, our Metadata Analytics tools provide robust support for data lifecycle management, allowing for efficient retention and disposal policies.
· Data Security: Our Content Analytics tools, powered by advanced technologies such as Data Science Engine, AI/ML, and NLP, enable accurate discovery and classification of sensitive data. Furthermore, our Risk Exposure Insights offer actionable insights through descriptive and diagnostic analytics, empowering organizations to identify and mitigate potential risks effectively. Through Risk Remediation, we provide mechanisms to quarantine high-risk sensitive data in secure storage, ensuring robust data security measures are in place.
Data Compliance: Through Data Mapping, we conduct scans to identify personal data files, ensuring compliance with regulatory guidelines by creating comprehensive inventories. Utilizing industry-standard compliance templates, our Classification tools accurately categorize data, facilitating regulatory compliance. Our Immutable Audit Log, powered by blockchain technology, ensures reliability in governance reports and compliance documentation.
Data Migration: Efficient data migration is essential for organizations seeking to optimize their data management processes, and at Data Dynamics, we offer robust solutions to facilitate seamless transitions. Our Policy-Based Data Migration tools automate data movement processes based on predefined rules, ensuring data integrity and compliance throughout the migration journey. With our Scalability and Performance enhancements, organizations can confidently manage high volumes of data, while our Dedicated Migration Factory offers expert support from design to deployment, ensuring a smooth and efficient migration experience.
· Data Lifecycle Management: Our Archive Policies streamline data movement, facilitating the seamless transition of unstructured data. Through File Preservation, we safeguard original content by efficiently converting archived files into object format, preserving data integrity. Efficient Data Retrieval ensures quick access to data from object resources, facilitating compliance requirements. Our Search and Discovery tools simplify audit and legal processes with user-friendly search features, enhancing efficiency and compliance efforts.
- 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 250 words used.
Business
• The need to consolidate data centers across multiple locations globally, optimizing operations and resources.
• The challenge of identifying sensitive information among the vast number of files scattered across the globe, safeguarding it against potential breaches.
• Sensitive data protection and remediation for enhanced data compliance and governance
Challenges
• Dealing with a vast volume of unstructured data spread across geographical regions, including the US, UK, Europe, and Asia Pacific.
• Inability to identify sensitive data and implement appropriate governance and privacy measures in compliance with regulations.
• Difficulty in classifying data to meet regulatory requirements and conducting audits for effective risk management.
• Concerns about the risk involved in moving data to a new S3 platform.
Solution
• Preliminary assessment and structuring of unstructured data, applying classification tags based on ownership, access, metadata, and content.
• Utilizing content analytics and a Data Science Engine for a Single Pane view of sensitive data, while employing industry-standard compliance and governance templates for risk classification.
• Implementing quarantine, secure storage, and an immutable audit trail supported by blockchain technology for identified sensitive data.
• Ensuring role-based access with intelligent file access control and file-repermissioning to enhance data security.
• Data consolidation to drive continuous data protection, governance, and compliance.
Impact
• 21K files containing passwords, security certificates, and API tokens were successfully identified from the 3M files scanned, mitigating potential risks.
• Enhanced adherence to regulatory compliance requirements and streamlined audit reporting procedures.
Casr Study:
https://www.datadynamicsinc.com/docs/Brochures/Case%20Study%201%20-%20The%20Imperative%20of%20Consumer%20Data%20Privacy%20Protection.pdf
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