Joining the ranks of giants such as Snap (Snapchat’s parent company), Microsoft and Tesla, Immuta the automated Data Governance company has been named to Fast Company’s 2020 list of the World’s 50 Most Innovative Companies.
From a list of over 434 organizations, across 44 sectors and from regions around the world, Immuta has been ranked as the 30th most innovative company and received 2nd place in the “security” category. Each organization was assessed on a combination of innovation and impact, and their accomplishment in the prior year.
Undoubtedly there is no shortage of sentiment today on the value of leveraging data for generating insights and for making more informed and evidence-based decisions. The effective “leveraging” of this data, however, must be done within the realm of appropriate data governance, data quality management and compliance with risk and privacy regulations. According to Immuta, their innovation “lies in providing self-service data access while automating data governance, privacy and security — for data stored anywhere and from any analytics tool”.
Having access to good quality, timely and trusted data that is well understood and is fit for use, is where the return on data investments is realized. Executives, senior leadership decision makers, data analytics teams and your data scientists are no longer interested or willing to wait days or weeks for data, sourced through ad hoc and manual processes. Founded in 2015, Immuta says their solutions “enable organizations to accelerate their business intelligence, analytics and data science initiatives, while complying with global data privacy regulations and reducing risk.”
The demand and appetite for data is growing and therefore the ones accountable for managing and provisioning that data need to be able to pivot to meet their organization’s evolving data demands and in turn, deliver faster time-to-data and hence insight.
This innovation recognition is certainly an accomplishment for this five year old company, but it also lends remarkable credence to the overall field of data governance, privacy and security.
With data being touted as the new oil, the new currency and essentially that corporate asset which can enable organizations to innovate and differentiate for gaining or maintaining their competitive edge, having effective tools and technology to support that drive is going to be key. This is not only important for organizations and their traditional use of data for BI and analytics but also for those more mature organizations who are already in or are venturing into the space of AI and machine learning - data governance, privacy and regulatory compliance are still going to be foundations for leveraging data at these elevated levels.
According to Immuta, its “automated, scalable, no code approach makes it easy for users to access the data they need, when they need it, while protecting sensitive data and ensuring their customers’ privacy.”Data governance and data privacy and risk management are huge undertakings and thus the ability to reduce manual efforts in these initiatives through automation is going to well position adopters for unlocking the strategic value of their data.