Data management solution provider BackOffice Associates has announced that Database Trends and Applications (DBTA) has awarded its Data Stewardship Platform (DSP) the 2015 Readers’ Choice Award for Best Data Governance Solution.
“Receiving this honor from DBTA’s readership further validates our expertise in empowering business users to manage all of their complex information governance needs, including aligning data initiatives with key business processes to drive intended results,” said David Booth, president and CEO of BackOffice Associates. “BackOffice will continue to offer organizations market-leading data management solutions and guidance to help them achieve long-term data quality and information governance success.”
While many large businesses have generated a lot of data, actually doing something with it has been a challenge. What BackOffice provides is an organized way to improve data management by making sure the data a company is taking in is complete and accurate.
Poor data management actually costs companies money in the form of data migration cost overruns and higher operating costs overall. It also costs them in terms of revenue due to defects and product returns.
Even worse, poor data management can lead to security breaches. The company cited a case where a person was able to register trade names and open bank accounts using names similar to legitimate vendors to an association whose data was breached. Not only does this compromise data, it also exposes some organizations to laws such as HIPAA for healthcare providers.
A BackOffice survey found that its clients, such as Dow Chemical and General Mills, saw a 20 to 40 percent increase in sales after implementing a data quality initiative.
The DSP gives users an intuitive, web-based interface that lets employees see trends in data at a glance with automatic guidance on best practices. It also encourages a collaborative approach to reduce the time-to-productivity.
With BackOffice’s large corporate client base, it’s no wonder that the company won the award.
Edited by Rory J. Thompson