StoredIQ Introduces DataIQ – a New Data Intelligence Application for Answering Big Data Questions

Utilize intelligent overlays to spot potential issues.

As we worked with customers over the years on information management initiatives from eDiscovery, information governance, storage, and records retention, one common theme bubbled up over and over…customers needed a simple tool to give them a comprehensive understanding of their unstructured data.

To meet those needs, today StoredIQ introduced DataIQ, an innovative application designed on the StoredIQ Plaform that reduces the complexity of understanding and analyzing Big Data. DataIQ was designed as a quick start data intelligence application that empowers customers with knowledge about their data to better plan and prepare for any information management project.

“Every company has more data than it can manage. But few can precisely locate it, assess the value of it, or make much sense out of it when they need to. Information management projects can be very intimidating.  To set a course for success, organizations need to build insight regarding the whereabouts, meaning, and usage of their data.” –Ted Friedman, VP and distinguished analyst, Gartner

DataIQ gives organizations a simple, low-cost, visualization solution to understand their unstructured data — without first moving it to a repository — to help answer questions such as:

• How much data do you have across your enterprise?
• What are your largest repositories?
• How much old, un-used data do you have and where is it?
• Who owns data that is violating corporate policies?
• Which data is relevant to your business and which is just taking up space?

DataIQ scales from terabytes to petabytes, from single corporate offices to global enterprises, and provides a single, holistic view across a multitude of enterprise data sources and hundreds of file types — without moving any data from its native location. DataIQ gives companies the ability to:

• Identify – interesting subsets of information without moving any data across the corporate network
• Analyze –  data using advanced visualizations to spot compliance violations, get out in front of the eDiscovery process, make infrastructure planning decisions, jump start records initiatives, etc.
• Act – copy, collect, move data that requires further processing or retention; defensibly delete data that provides negative value to the company

Pricing and Availability

DataIQ is currently in Beta and will be generally available in August 2012. DataIQ is priced as a subscription model based on TB or PB of data under management. For additional pricing information, contact StoredIQ for a DataIQ quote.

Learn more about DataIQ today!

• DataIQ Web Page
• DataIQ Datasheet
• Request a DataIQ Demo
• Sign Up for the DataIQ Webinar on August 2nd

Madison Chooses StoredIQ to Manage eDiscovery In-House

Madison Capital Management, LLC (“Madison”), an alternative investment management firm with offices in the US and Europe has deployed StoredIQ’s Intelligent Information Management Platform to gain actionable intelligence from its rapidly expanding electronic data – allowing legal and IT teams to work in tandem to enhance eDiscovery strategies, meet compliance mandates and reduce risk and cost.

We wanted to better understand what data we have, where it resides and determine how we can better manage our information across the enterprise and do so in a proactive manner. With StoredIQ we are able to make intelligent decisions about the state of our data based on corporate policies and legal discovery requirements. – Tony Balding, vice president, software solutions at Madison

From a GC’s perspective, we needed a solution that allowed me to work closely with the IT department, analyze the data to determine the merits of a dispute quickly, understand related review cost and provide a defensible audit trail. StoredIQ exceeded that expectation with their unique capabilities, such as analyzing data where it natively resides, the user-friendly legal and IT workflow, and the scoreboard that keeps track of review costs as data is identified, preserved and collected. – Judy Michael, assistant vice president, legal, asset and risk management at Madison

Market-leading companies use StoredIQ to respond rapidly and efficiently to legal matters, litigation, and investigations. Utilizing StoredIQ, corporate legal teams can locate, analyze and act upon unstructured electronically stored information much more comprehensively and efficiently. As a result, companies can better manage their legal risk and reduce expenses, while formulating superior legal strategies. With StoredIQ, companies:

• Quickly locate matter-relevant electronic documents with advanced search technology
• Analyze electronic documents in-place with detailed data topology maps, advanced analytics, and precise data explorers
• Preserve and collect data to a secure legal hold repository, preserving all metadata and business context
• Perform first-pass reviews on documents before exporting data downstream
• Act on and manage potentially relevant data in a legally defensible manner with audit trails and a robust chain of custody

StoredIQ’s award-winning solution streamlines eDiscovery processes for legal and IT, allows for early case analysis “in the Wild,” and provides complete cost predictability.

The Cutting Edge

What’s your Corporate IQ?

Beating Information Overload

There’s a new battleground to be fought in the enterprise.  Our businesses have become ‘hoarders’ of information and there’s a compelling need for a massive clean-up.

We’ve spent much of the last two decades building IT infrastructure and systems to grow.  During that time, we’ve gathered up volumes of information about our businesses and stored it away in what we thought was a safe place.  And store it we have.  The average enterprise has seen a 10x increase in the size of its information repositories in the last decade … terabyte upon terabytes of databases, files, email, SharePoint and other data farms that are growing at a rate of 60% per year.

But, rather than creating another breakthrough in how IT solutions can leverage new levels of productivity for knowledge workers and decision makers, the volumes of data have become an albatross around the collective necks of corporate officers.  The costs and risks of litigation, compliance and corporate governance are rising exponentially.  The question now resonating around executive offices is more basic:

What in any of these data repositories is ‘relevant’ and why are we keeping it?

The dirty little secret inside our four walls is that in most cases, we don’t know!  Because the growth has been so rapid, the typical defense that organizations took whenever a request for new information came in was either to outsource it (and create a new separate storage area) or expand internal storage and add a duplicate subset.  Keeping track of the relationships and reality of information is something most IT Information Managers would rather just close their eyes and ignore than confront.  Unfortunately, with the dawn of the ‘regulated enterprise’, that type of wishful thinking is no longer possible.

It’s time to raise the collective intelligence of our enterprise.  The next decade will create a range of solutions to allow CIO’s to attack this problem at its core, solutions that:

• Understand the map of your data taxonomies completely, including the semantic relationships between data that hides information which can help (or harm) the business.
• More efficiently access and store information, organized to serve the needs of the business vs. aggregated for the benefit of storage suppliers.
• Provide smart applications that can more easily discover relevant data during litigation, create governance policies, and respond automatically to new compliance initiatives.

At StoredIQ, it’s our intention to lead both the conversation and the development of reliable solutions for these problems.  As the new CEO of the company, I’m thrilled to have the opportunity to lead this company forward through all the innovations, partnerships and deployments that will make this work.

Let’s start the dialogue.  Your comments are welcome.  You can also reach me directly at pmyers@storediq.com.