December 16, 2008 - Pioneer Investments selected DataFlux technology to analyze, monitor and integrate its financial data. By incorporating the DataFlux Data Quality Integration Platform, the organization is able to take a more proactive approach to data management.
Pioneer Investments’ fund managers and analysts tap into a variety of worldwide sources in order to formulate research. Prior to implementing DataFlux, the organization’s IT department made assumptions about the compiled data and built interfaces accordingly. However, when integrating information into its databases, the team discovered that the data did not meet expectations, requiring IT staff to reconfigure and rebuild the interfaces.
The company selected the DataFlux Data Quality Integration Platform to analyze the data at the onset, validate data expectations and, ultimately, monitor its databases to recognize out-of-norm data conditions.
“Data management is of the utmost importance in the financial services industry, and data profiling and data monitoring are very actionable ways to ensure you’re addressing data quality,” said Jeff Shortis, chief data officer of Pioneer Investments. “With DataFlux, we are able to validate our data expectations in advance and successfully integrate the data into the appropriate databases. This frees up staff and, in turn, our IT budget – valuable resources which can be utilized on other priority IT projects.”
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