Appfluent Technology, Inc. and iGATE Patni announced a strategic partnership last week that will allow enterprises to leverage Appfluent’s data usage analytics and iGATE Patni’s Reference Data Management solutions. Appfluent is a leading provider in business activity and data usage software for Big Data while iGATE Patni is one of the leading global providers of IT services and business solutions.
The iGATE Patni RADAR is a multi-step Reference and Data Rationalization program that will embed Appfluent’s software. The program will aid financial services businesses to alleviate its risk and rationalize the cost of managing its reference data. The software will also allow businesses to comprehend the volume, expense, flow and source of reference data within the institution, allowing IT to better align with the business and reduce total cost of data management while driving the success of business intelligence and data warehouse initiatives.
As part of this alliance, iGATE Patni customers will be able to measure how business units and departments are utilizing data to better justify costs and more efficiently prioritize resources; gain insight into how data is being used in data warehouses to retain and optimize the most relevant data; and audit user activity across BI applications, reports, and databases to ensure the trusted usage of sensitive corporate information.
“To help reduce operational costs and risks, financial firms need a good understanding of how reference data is sourced, cleansed, transformed and consumed throughout the firm. iGATE Patni RADAR as a service addresses these issues and our alliance with Appfluent will enable us to efficiently model data consumption throughout the enterprise” says Fred Cohen Group Vice President Capital Markets & Investment Banking at iGATE Patni.
“IT organizations lack visibility into the business usage of data leading to escalating data management costs, operational inefficiency and risk.” said Frank Gelbart, Appfluent CEO. “Appfluent and iGATE Patni have partnered to enable FORTUNE 1000 companies to better leverage strategic value of data, contain costs and mitigate data access risks.”