With huge amounts of data being generated every second from various sources such as business transactions, industrial machinery and social media, data is becoming the fuel that is driving any business. Organizations are relying on data and analytics to run every aspect of their business ranging from optimizing business processes and improving productivity to acquiring customers and creating new products.
By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency. - Gartner
While data has become an invaluable resource for modern businesses, the process of unlocking the power from all this available data to gain valuable business insights comes with its own implementation challenges.
As organizations are predominantly becoming data-centric in nature, they realize the importance of having quality data to gain rich insights and employing a sophisticated approach to manage data. Businesses typically require swift response and a short time-to-market with changing business requirements. However, as listed above, the process of data and analytics solutions implementation comes with its own set of complexities leading to increased time and cost of development. Therefore, organizations need to employ a full lifecycle data management platform that would do the technical and operational heavy lifting and allow businesses to focus on the core business logic.
Starting from data collection to data usage to archival, iFusionTM has various tools and components that enrich the life of data analysts and scientists.
The iFusionTM platform has ability to collect multi-source, poly-structured data with 25+ data collectors available out of the box. With its federated data store architecture, query engine and data virtualization layer, iFusionTM provides a unified view and access of data across the stores without unnecessary copying/duplication of data. It delivers maximum value at minimal cost with its intelligent archival and 2-tier storage architecture by moving data older than a specific period to low-cost archival storage yet providing uniform access to it.
iFusionTM platform comes with a Data Science Workbench (DSW) with 30+ out of the box data preparation and advanced machine learning algorithms that can be accessed through web browser. The DSW eliminates coding and eases the entire process of data analysis implementation for data analysts and scientists, saving up to 60% of their time. The platform comes with a job sequencer and scheduler to automate the flow of jobs and brings efficiency to the system.
iFusionTM platform ensures strict governance of data with features for role-based access, audit trail, data immutability, change data capture, and encryption along with a metadata repository server, ensuring that data is in line with enterprise governance, security, and audit requirements and maintains consistency of data. The platform connects with external systems to deliver specific functionality such as directory services for authentication, third party analytics and monitoring tools, and communication mechanisms.
The platform also comes with integrated solutions across verticals - Finance, Ecommerce, Healthcare, Telecommunications, Manufacturing, Oil and Gas, Security, and others, making integrated Big Data as a Service (IBDaas) a reality.