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November 05, 2018 Press Release
Company expert to discuss importance of data governance, artificial intelligence and machine learning within organizations
NEW YORK November 05, 2018 – Io-Tahoe, a pioneer in artificial intelligence (AI)-driven data discovery and catalog products, announced its sponsorship of the MDM and Data Governance Summit, being held this week in New York City.
Io-Tahoe will sponsor an exclusive session with Anju Jain, Io-Tahoe’s vice president of technical sales on Tuesday, November 6, from 12:15 – 1:15pm. She will discuss “Data governance, AI and ML; a combination for self-service of data across the organization.”
“Data professionals tasked with managing immense amounts of information have come to understand AI has emerged as a key factor in helping companies gain control of their data, as a major element of a successful data governance strategy,” said Jain. “In an environment that includes privacy and other regulations such as GDPR, CCPA, ePR, HIPAA and more, the ability to discover what data your company has and exactly where it resides is not only a business differentiator, but a requirement,” she noted.
Jain will discuss that enterprises continually struggle to successfully implement data governance to gain a holistic view of their information. Combining the knowledge of business domain and IT experts remains a challenge, she will say, and is the most important ingredient to having a successful data governance program. Jain will also tell attendees that having a combined view enables self-service of data across the organization while exercising control. That level of self-service, they will learn, allows all the assets to be brought under governance, and provides a consolidated view to management while still allowing different verticals to work on the technology platform.
With the explosion in data being managed by companies of all sizes, the data catalog market has grown exponentially; MarketsandMarkets, an industry analyst firm, estimates the market is expected to grow to $620 million by 2022, a Compound Annual Growth Rate (CAGR) of 24.2 percent.(1) This explosive growth comes on top of existing research from the firm, predicting that the wider data discovery market will grow from $4.33 billion in 2016 to $10.66 billion by 2021, at a CAGR of 19.8%.(2)
A report from Gartner says, “Businesses of all sizes and in many industries continue to struggle to maintain a consistent, shareable and accurate single version of master data across their organizations — a requirement that is growing in importance. With the increasing focus on the digitalization of enterprises, management of their key master data is also becoming more important. The ability to achieve and maintain a single, semantically consistent version of customer master data is crucial for customer-centric organizations. More importantly, trusted data (which starts with trusted master data) sits at the center of a digital business platform, so demand for effective MDM will continue to increase in the next few years.”(3)
Summit attendees can learn more and view a demonstration of Io-Tahoe’s data discovery and catalog product at booth 206. Io-Tahoe’s automated data catalog enables data and business professionals to easily create, maintain and search a business glossary of data sources and critical data relationships identified through Io-Tahoe’s relationship discovery. Population of the data catalog is automated by using artificial intelligence and leveraging the discovery functionality and natural language analysis to automatically tag data. This automation facilitates smarter crowd sourcing allowing data owners, stewards and subject matter experts to define and govern multiple data rules.
The MDM & Data Governance Summit series is the most widely attended IT event focused on modern data management business and IT issues. It is the only conference dedicated to these two topics and provides a mixture of leading industry analyst trend perspectives, a wide and large array of use cases, market-leading issue-specific sessions and best practice panel discussions.
(3) Gartner, “Magic Quadrant for Master Data Management Solutions,” Bill O’Kane, Alan Dayley, Michael Moran, Simon Walker, 30 October 2017 – ID G00325117.
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Io-Tahoe (https://www.io-tahoe.com) is an enterprise AI-driven data discovery and catalog product that enables enterprises to accelerate to next-generation data management practices, radically improving data governance and regulatory compliance while driving significant advancements in business analytics and technological transformation. Io-Tahoe’s discovery goes beyond traditional metadata, leveraging ML and AI to look at the data itself, automatically discovering critical, implied and often unknown relationships across an inherently heterogeneous and complex enterprise landscape.
Io-Tahoe has been custom-built by a team with a deep understanding of data challenges, giving it first-hand insight and appreciation into our customers’ diverse and complex data needs. Io-Tahoe is particularly valuable to businesses with large numbers of customers and diverse data sets, such as those in the financial services, utilities, retail, transportation, insurance, healthcare and manufacturing industries.