There are a lot of acronyms and buzzwords in technology today, and one that’s getting a lot of new play these days is “data discovery.” While it’s a relatively new term for self-service analytics and reporting for people, businesses and scientists, both the term and the concept have been around for some time, although they weren't necessarily used together, according to Sandy Steier, founder and CEO of data discovery firm 1010data (News - Alert).
“Generically it’s a self-service function that we offer,” he said recently. “With 1010data, business analysts can do original analysis without extensive support from the IT department. The traditional best example I can use to explain the concept of self-service would be the Excel spreadsheet. For a long time there was no word for this idea, but now the term Data Discovery seems to be taking hold.”
Simply put, data discovery as provided by 1010data allows companies to quickly and more efficiently analyze the data they collect to make better and more informed decisions.
"The advantage for the companies that utilize our system is they get started quickly,” Steier said. “They don’t need a large technical infrastructure, there’s no risk, and there is a time savings. We allow people to get up and running immediately.”
The additional benefits are quick analysis of the data collected, without a long wait for analytical results.
1010data is a leading provider of cloud-based analytics for big data, used by hundreds of the world’s largest retail, manufacturing, telecom, and financial services enterprises because of its proven ability to deliver actionable insight from very large amounts of data more quickly, easily and inexpensively than any other solution. Among its clients are large banks like JPMorgan and Bank of America, and retailers like Dollar General and Rite Aid.
Because it’s cloud-based, 1010data is acutely aware of security concerns companies may have, and takes those concerns very seriously. With years of experience in the cloud, the company has successfully passed all audits it has faced and is even HIPPA compliant for businesses in the healthcare industries.
With nearly 300 clients, 1010data is growing rapidly, due in large part to its extensive experience.
“We’ve been doing data discovery for years now,” Steier said, “and the world is finally catching up. We keep improving our product and empowering users to do everything from loading vast amounts of data to displaying result using advanced visualization. We are also incorporating new kinds of data integration and we’re aggressively going after new-use cases.”That aggressive effort includes Version 6 of its platform, which offers higher speeds and more kinds of analysis that companies can do.
“What we provide to companies can be summed up in three main points,” Steier said. “We allow them to deal with big data, to enjoy a more robust analytical capability and to share data between companies.”
101data’s growth potential seems unlimited. “The data discovery concept is becoming more familiar, and people are hearing more about it,” Steier said. “That can only mean good things for us.”