Datawatch Monarch Swarm Initiates a New, Team-driven Approach to Business Analytics
November 01 2017 - 4:30PM
Datawatch Corporation (NASDAQ-CM: DWCH) today announced the
latest version of Datawatch Monarch Swarm, the industry’s first
team-driven, enterprise data preparation and socialization platform
designed to speed collaboration and uphold governance practices. A
centralized, cloud-ready solution, Monarch Swarm allows teams to
create, find, access, validate and share governed, trustworthy data
sets and models for true enterprise collaboration and faster, more
strategic decision-making.
Monarch Swarm applies the fundamental concepts of self-service
data preparation, collaboration and socialization while supporting
governance and cataloging. The platform’s key features include:
- Cloud-ready Data Preparation – Provides robust
data preparation for the masses – anytime, anywhere – including
automated and scheduled data extraction, cleansing, blending,
transformation, enrichment and exports.
- Data Marketplace – Enables users to search and
browse secure and governed cataloged data, metadata and data
preparation models indexed by user, type, application and unique
data values.
- Data Socialization – Promotes the
socialization and reuse of models, curated data and analytics
outcomes, and includes social features, such as user ratings,
comments and popularity, to help users make better decisions about
which data to leverage for analysis. Users can also like, follow
and subscribe to colleagues to learn how they are using and rating
data for preparation and analysis.
- Machine Learning – Facilitates data discovery
with “smart recommendations.” Machine learning technology
identifies patterns of use and success, performs data quality
scoring, suggests relevant sources, and automatically recommends
likely data preparation actions based on user persona.
- Data Collaboration – Drives awareness of what
data and assets are being created and by whom; enables creators to
know how people are using their models; and allows administrators
to see who is contributing and making an impact.
- Trusted Data – Identifies sanctioned, curated
data sets, ensuring analysis is fueled with secure, governed,
quality data, sourced by experts.
- Data Governance – Applies governance features,
including data masking, data retention, data lineage and role-based
permissions, to uphold corporate and regulatory compliance, and
enhance trust in data, analytics processes and results.
- Gamification and Visibility – Includes ranking
contributions, social scoring and gamification to drive
participation and contribution.
“As a Monarch user, we’re already benefitting from advanced
self-service data preparation functionality, and our data analysis,
reconciliation and reporting processes can now be done in the
matter of minutes,” said Tracy Hojka, manager of operations,
Whitnell & Co. “Monarch Swarm will take our productivity to a
whole new level by enabling employees to repeat, reuse and share
data sets and models across teams, and better collaborate on data
and analytics outcomes. This collective knowledge will lead to
timely and more strategic business decisions.”
Self-service Analytics Explosion Creates Market
Opportunity for Monarch Swarm With the self-service
analytics explosion, businesses were supposed to become more agile,
analytical and confident in their decisions. Instead, worker
autonomy has caused the data landscape in many companies to become
like the “Wild West.” IT has lost control over data usage, analysts
are working in silos, and there is a profound mistrust of data and
analytics outcomes. Datawatch Monarch Swarm combines the
ease-of-use and robust data preparation technology that the Monarch
Complete self-service product is known for with added
collaboration, socialization and governance features. With this new
approach to business analytics, organizations can achieve the
perfect balance between the agility and teamwork end users demand
and the data control needs of IT.
“The explosive use of data across the business has elevated the
importance of having it readily available for any operational or
analytical needs. But, the seismic shift is not about one
individual’s needs; rather, it’s about the requirements of the
entire business,” said Mark Smith, CEO and chief research officer
at Ventana Research. “The need to collaborate and work together
across the business – and securely with IT – has driven
organizations to look for more than just self-service data
preparation. They now seek technology that works across the entire
enterprise. Datawatch Monarch Swarm is designed to meet this need.
It provides reliable and adaptable data preparation that can be
secured and governed, and, most importantly, it takes a productive
and collaborative approach to utilize data anywhere at any
time.”
“Monarch Swarm brings analysts together to focus on the common
purpose of accessing answers – answers based in the cross-business
insights that profoundly impact operational processes and the
bottom line,” said Jon Pilkington, Datawatch’s chief product
officer. “It essentially redefines how businesses approach the
analytics process – moving from self-service data preparation to
team-based, enterprise data preparation. With Monarch Swarm,
organizations can achieve enterprise-wide collaboration and a
data-driven culture that results in high-performing teams that are
capable of delivering business value that drives change.”
Product Availability The latest version of
Datawatch Monarch Swarm is generally available. For more
information, please visit:
http://www.datawatch.com/our-platform/monarch-swarm/, or request a
demo at: http://www.datawatch.com/monarch-swarm-demo/.
About Datawatch CorporationDatawatch
Corporation (NASDAQ-CM: DWCH) enables ordinary users to achieve
extraordinary results with their data. Only Datawatch can
unlock data from the widest variety of sources and prepare it for
use in visualization and analytics tools, or for other business
processes. When real-time visibility into rapidly changing
data is critical, Datawatch also enables users to analyze streaming
data, even in the most demanding environments, such as capital
markets. Organizations of all sizes in more than 100 countries
worldwide use Datawatch products, including 93 of the Fortune 100.
The company is headquartered in Bedford, Massachusetts, with
offices in New York, London, Frankfurt, Stockholm, Singapore and
Manila. To learn more about Datawatch or download a free
version of its enterprise software, please visit:
www.datawatch.com.
Media Contact:Frank MorenoVice
President Worldwide Marketing, Datawatch
Corporationfrank_moreno@datawatch.com 978-275-8225Twitter:
@datawatch
© 2017 Datawatch Corporation. Datawatch and the Datawatch logo
are trademarks or registered trademarks of Datawatch Corporation in
the United States and/or other countries. All other names are
trademarks or registered trademarks of their respective
companies.
Source: Datawatch
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