Automated Information Controls Help Leading Companies Effectively Manage the Magnitude of Information within Their Data Warehouse
Naperville, IL – May 16, 2006 – Infogix, Inc.™, a leading provider of Automated Information Control solutions, announced today that it's seeing increased evidence that its products are a critical component of data quality and data warehousing initiatives within the markets it serves; financial services, insurance and healthcare, telecommunications and retail. Infogix' automated information controls solution provides independent, preventative, controls for all information exchanges around a data warehouse, and supports a company's compliance and audit needs. To date, organizations currently use data quality, data movement or ETL tools to provide accurate information within the data warehouse. Infogix complements these solutions by adding information checks outside the warehouse environment, and across all information exchanges throughout the enterprise.
"I am pleased to see the market is recognizing the need for automated controls as a part of a data warehouse solution," said Corey Ferengul, senior vice president and group leader of market development for Infogix. "Ensuring accuracy, consistency, and reliability of information in the data warehouse is a core part of our value proposition, and this success provides a solid foundation for us to further eliminate information risk for our customers."
With the increase in the number of sources feeding a data warehouse and the rapid turnover of information within it, the complexity of a data warehouse grows. This, in turn, increases the margin of error, which can cause several adverse effects, including rising costs, poor business decisions, user distrust, inaccurate financial reporting and non-compliance with laws and regulations. To prevent these consequences from happening, companies need to move beyond mere data quality and apply multiple controls to key business processes, as well as automated checks in and around every information exchange involved in building and maintaining their data warehouse.
Infogix' automated controls for data warehouse solution helps companies achieve this goal by providing preventative controls to prevent inaccurate information from ever entering a warehouse and proactively check warehouse or data mart against source systems, as well as automated controls to enable companies to deploy information control at every information exchange and ensure there is no performance impact. In addition, it supports organization's compliance and audit needs by providing complete transparency to ensure information errors are introduced during information movement. With these multiple controls in place, companies are able to balance and reconcile their data warehouse information against the original source systems – or at any point along its path to the data warehouse, to assure information accuracy and reliability, decrease investigation time, and achieve greater trust in the information that their date warehouse contains.
According to the recent report, "Insurance CIO/CTO Pressures, Priorities, Projects, and Plans in 2006: Survey Results", published by Celent, a research and consulting form focused on the application of information technology in the global financial services industry, 2006 holds an increased awareness and focus on enterprise data initiatives. "In general, 2006 looks to be much like 2005. Insurers are focusing on growth, updating key core systems, embracing more flexible and affordable architectures and resource strategies, and doing it all under tight supervision from the business side," according to Matthew Josefowizc, manager of Celent's insurance group and lead author of the report. "Insurers are realizing that controls over their data is the only way to ensure profitability, effectiveness, and compliance."
For more information on Infogix' automated controls for data warehouses, please visit the company's Web site at www.infogix.com.
About Infogix, Inc.
For more than 20 years, Infogix, Inc. (formerly Unitech Systems, Inc.) has provided software solutions to organizations that help eliminate Information Risk and deliver Information Integrity for all key stakeholders. As the leading provider of automated information control solutions, Infogix has implemented millions of automated information controls into the information supply chains for hundreds of organizations, to ensure the accuracy, consistency, and reliability of information within business processes. Infogix serves hundreds of customers including eight of the top ten financial services companies worldwide, and seven of the top ten U.S. life insurance companies. The company maintains its home office in Naperville, Illinois, and has regional offices in the U.S., Canada, Western Europe, and affiliates in Italy, Chile, and Australia. For more information, call +1.630.505.1800 or visit www.infogix.com.
