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The exponential growth of data in various formats, complex IT architectures, stringent privacy requirements, and increasing security threats pose significant challenges for security teams. Our data insights solutions help organizations manage their data more effectively and securely, ensuring it is organized, accessible, and protected, ultimately reducing risks, improving efficiency, and lowering data storage costs.
In today's fast-paced world, managing unstructured data is crucial for organizations aiming to maximize its value while minimizing compliance and regulatory risks. Traditional methods for identifying and managing unstructured data are no longer effective, as the challenges of handling the vast amounts of data can be overwhelming. Gartner predicts that by 2026, large enterprises will triple their unstructured data capacity compared to 2023, leading to significant growth, scale, and sprawl. This data is often spread across various locations, from on-premises to public clouds, making it difficult to understand what data exists, where it is stored, and who has access to it. Without a clear understanding, organizations face massive inefficiencies and increased risks, including data breaches, litigation preparedness, and regulatory compliance issues.
Compass IT Compliance offers a solution designed to address these challenges by efficiently managing the risk associated with unstructured data growth and sprawl. Our platform uses a multi-level approach to organize and cull data sets, applying resources efficiently to identify and mitigate risks. The platform consists of three phases: identifying and classifying data, tagging data to initiate automated workflows, and conducting full content analysis using advanced machine learning. This comprehensive approach helps organizations better manage their unstructured data, ensuring they remain compliant and secure while optimizing the value derived from their data.
Compass IT Compliance offers data insights services to a comprehensive range of industries. Whether you own a restaurant, hotel, tourism, or entertainment business in the hospitality sector, or specialize in gambling areas like sports betting, casinos, and lotteries, we can assist you. Our team also serves utilities, as well as companies in the technology, manufacturing, and government industries. Other industries we support include:
Organizations that implement strong, continuous data classification practices typically reduce orphan data risk by 10%, decrease copy data growth from backups by 20%, and move 20% more infrequently accessed data to object storage. In one example, an organization undergoing a major global infrastructure transformation involving 52 petabytes of data utilized the platform and experienced a reduction in data maintenance costs from $1 million to $200,000 per month in the first year. This led to an estimated total savings of over $30 million in operational expenses over a four-year period.