Naveego Unveils Next Generation Data Quality and Master Data Management Solution

Published : 17/10/2018

Naveego, an emerging leader of cloud-based Data Quality and Master Data Management (MDM) solutions, introduced its Complete Data Accuracy Platform 2018.2.0 that empowers organizations to proactively transform data into viable, actionable information assets across enterprise systems. The platform delivers exceptional data quality in a Big Data world, without the gross complexity and high cost of customized installation and ongoing maintenance that go hand-in-hand with legacy solutions. Using API connections, Naveego’s solution agnostically connects with any type of data where the data resides, eliminating the need to make infrastructure changes. As a result, businesses can achieve, on average, an ROI of 800 percent within 60 days of implementation as compared to years, with legacy data management solutions.

As data expands exponentially due to the rise of artificial intelligence, machine learning, the internet of things (IoT), mobile devices, autonomous vehicles, and other sources outside of traditional data centers, the challenge of data cleansing is rapidly becoming more difficult, as well as expensive. In addition to the high price of legacy systems and customization, poor data quality costs the U.S. economy $3.1 trillion a year. At $100 for each incorrect record, a company with only 50,000 incorrect records incurs a cost of $5 million to maintain them.