Having an intelligent data management platform may seem like an abstract concept – how can it be any better than my current data management strategy?

We’re here to show you seven benefits of an intelligent data management cloud platform and how they are measures of return on investment.

Data safety

Gathering data is one thing; ensuring its safety is quite another. Informatica’s IDMC, for example, can monitor anti-fraud threats in near real time, allowing you to catch threats early.

A centralised view gives your organisation more visibility and the ability to remove old or outdated data. IDMC also weeds out duplicate data which can save your staff precious searching time.

Data safety leads to fewer mistakes and less cost lost to downtime, compensation payouts and other firefighting tasks. 

Tobias Rebele, data platform leader at Informatica, joined us for a webinar to talk about the importance of robust data in business growth and AI initiatives. Check out the full webinar via the link at the bottom of the page.

Increased trust

This reduction in errors makes for safer, more secure data which puts you, your clients and your shareholders at ease. 

More trust means greater customer retention and better relationships with suppliers and shareholders, built on trust and transparency. That, in turn, results in a steadier cashflow for you.

A boost to productivity

Having better access to robust and clear data that comes from one solid source as opposed to being scattered across different platforms allows staff to find the data that they need more quickly and efficiently.

As with many other tech innovations, intelligent data management platforms free up workers to focus on other tasks which are more mentally stimulating and less menial. This productivity advantage allows you to do more faster, potentially bringing in more revenue. 

Scalablility

An intelligent data management platform can increase the scale of data management without costs rising in parallel. As you grow, you can integrate services that will scale with your organisation.

Plus, knowing how much data you have – and the cost of storage – simplifies budgeting and could save you money in the longer term. IDMC’s flexible pricing policy only charges you for the data that you Consume. Based off its pre-paid consumption model (IPU)  you can scale products as your organisation grows. Alternatively, swap your current platform services for new ones as needed and track your usage to maximise ROI. 

The benefits of compliance

Fewer compliance risks leads to fewer penalties. It integrates with legacy systems so that you can bring them up to the present day, regulations-wise.

As well as following regulation, IDMC allows you to enforce scalable policies to protect your data and build organisation-wide compliance. 

Operational efficiency

Intelligent data management platforms lower the soaring costs of data storage by keeping all of your data in one place rather than littered across different places. That also means fewer employees needing to manage the data and fewer tools to keep your data in check.

Less time spent having to track down information. Recovery features will save your data even when systems go down – and will especially save your peace of mind. Regular back-ups, too.  Can tell the difference between structured, semi-structured and unstructured data.

It works on the other side, too. Being able to find customer data faster may also lead to improved customer service and customer satisfaction.

Time and cost savings come from automation of data integration and time saved from data governance tasks. Lower cost of ownership means reduced training, procurement and maintenance costs as all of these systems work together on one platform.

Faster time-to-market

AI allows organisations to accelerate products’ time to the market with improved insights and agility. Looking at Informatica’s IDMC, low and no-code AI tools also make it easier to create and accelerate new products to market.

Intelligent insights help you to make better, faster decisions as well as pinpointing strengths and weaknesses within your organisation. Getting products to market faster results in lower production and turnaround costs.  

If you’re not sure, check out this webinar from Informatica exploring how IDMC can unlock value in your data. Download it here. 

Read more

What is intelligent data management? Everything you need to know – In partnership with Informatica, here’s an introduction into intelligent data management and why your organisation could benefit from an intelligent data management cloud platform

What is an intelligent data management cloud platform and why does my organisation need one? – We clear the fog around what an intelligent data management cloud platform is and why it could give your organisation the competitive edge

7 ways to measure return on investment with an intelligent data management cloud platform – Data safety is just one measure of return on investment when using an intelligent data management cloud platform