Archive for the ‘information governance’ Category
IBM today announced it has entered into a definitive agreement to acquire StoredIQ Inc., a privately held company based in Austin, Texas.
Financial terms of the deal were not disclosed.
StoredIQ will advance IBM’s efforts to help clients derive value from big data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.
With this agreement, IBM adds to its prior investments in Information Lifecycle Governance. The addition of StoredIQ capabilities enables clients to find and use unstructured information of value, respond more efficiently to litigation and regulatory events and lower information costs as data ages.
IBM’s Information Lifecycle Governance suite improves information economics by helping companies lower the total cost of managing data while increasing the value derived from it by:
- Eliminating unnecessary cost and risk with defensible disposal of unneeded data
- Enabling businesses to realize the full value of information as it ages
- Aligning cost to the value of information
- Reducing information risk by automating privacy, e-discovery, and regulatory policies
Adding StoredIQ to IBM’s Information Lifecycle Governance suite gives organizations more effective governance of the vast majority of data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk.
As a result, business leaders can access and analyze big data to gain insights for better decision-making. Legal teams can mitigate risk by meeting e-discovery obligations more effectively. Also, IT departments can dispose of unnecessary data and align information cost to value to take out excess costs.
What Does StoredIQ Software Do?
StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares and collaboration sites. This includes the ability to discover, analyze, monitor, retain, collect, de-duplicate and dispose of data.
In addition, StoredIQ can rapidly analyze high volumes of unstructured data and automatically dispose of files and emails in compliance with regulatory requirements.
“CIOs and general counsels are overwhelmed by volumes of information that exceed their budgets and their capacity to meet legal requirements,” said Deidre Paknad, vice president of Information Lifecycle Governance at IBM. “With this acquisition, IBM adds to its unique strengths as a provider able to help CIOs and attorneys rapidly drive out excess information cost and mitigate legal risks while improving information utility for the business.”
Named a 2012 Cool Vendor by Gartner, StoredIQ has more than 120 customers worldwide, including global leaders in financial services, healthcare, government, manufacturing and other sectors. Other systems require months to index data and years to configure, install and address information governance. StoredIQ can be up and running in just hours, immediately helping clients drive out cost and risk.
IBM intends to incorporate StoredIQ into its Software Group and its Information Lifecycle Governance business.
Building on prior acquisitions of PSS Systems in 2010 and Vivisimo in 2012, IBM adds to its strength in rapid discovery, effective governance and timely disposal of data. The acquisition of StoredIQ is subject to customary closing conditions and is expected to close in the first quarter of 2013.
That annual festouche and gathering of all things data is just around the corner.
Yes, that’s right, it’s almost time for IBM Information on Demand 2012.
So in order to start the drumbeat, I wanted to take a few moments and point you to some useful resources as you prepare to make your way to the Bay of Mandalay, and to optimize your time on the ground in Vegas.
First, the new (and official) IBM Information on Demand blog, which you can find here.
The blog includes easy access to some of the social media channels that will be covering the event (including Facebook, Twitter, LinkedIn and YouTube).
Of course, never forget the official IOD hashtag, #ibmiod, where you’ll be able to follow the endless stream of tidings leading up to, during, and after the event.
The blog also has links off to the IOD 2012 registration engine, as well as to the IOD SmartSite so you can start thinking about your IOD calendar now (I do NOT advise waiting until the last minute…talk about information overload!)
We’ve got some exciting guest speakers this year, including Nate Silver, statistics blogging extraordinaire who first found fame with his “FiveThirtyEight” blog, which is now part of The New York Times family of media properties.
Silver analyzes politics the way most of us should be analyzing our business: Through data…and lots of it.
His analysis of political polling data is unparalleled, and in the 2008 U.S. presidential election, Silver correctly predicted the results of the primaries and the presidential winner in 49 states.
His recent book, “The Signal and The Noise: Why Most Predictions Fail — But Some Don’t,” explores the world of prediction, “investigating how we can distinguish a true signal from a universe of noisy data.” Silver tackles some of the big questions about big data, so we’re very excited to have him join us in Vegas for IBM’s own big data marathon event.
At this year’s event, we’ll continue our trend of including tracks for specialized areas of interest, including forums for Information Management, Business Analytics, Business Leadership, and Enterprise Content Management.
And, of course, you’ll be able to find Scott Laningham and myself down in the EXPO center, where we’ll be talking to and interviewing many of the IBM and industry luminaries on the important data-related topics being discussed at the event.
Speaking of data, this will be my seventh IOD in a row, so I’m looking forward to seeing many of you once again.
Meanwhile, keep an eye here on the Turbo blog for future IOD-relevant posts.
Scott and I are well into our Sunday afternoon interviews, and we’ve had a couple of great sessions already discussing key themes emerging both at the conference and in the broader information management landscape.
We discussed the opportunities and challenges brought about by predictive analytics, and the unique requirements for establishing an effective information governance regime, and how to sell it into your organization.
Keep an eye for those interviews on our LiveStream channel, which you can reach at www.livestream.com/ibmsoftware
Also, remember you can follow all the action via the social media, including via the Twitter hashtags #iod11, #iod2011, and #iodgc2011, and as well on YouTube at www.youtube.com/user/ibmbusinessanalytics.
If you want to drink from the information firehouse and see the full social media stream, visit ibm.co/iodsocial.