A recent press release states, “Fortia Financial Solutions, a specialist in Artificial Intelligence applied to the banking, finance and insurance sectors, announces the launching of Data Avangarde®, its master data management solution based upon artificial intelligence, in September 2019. Fortia’s second product, Data Avangarde® completes the rule detection and ration calculation offered by Fortia’s first solution, Innova. The significant increase in data volumes, 800% by 2025 as estimated by Gartner, poses a major challenge to companies in terms of both data quality and governance. As a result, data analysts spend more than half of their time searching, repairing, enriching and transforming data instead of analyzing it. The Data Avangarde® solution aims to redefine this balance to allow to devote 90% of their activity to data analysis.”
The release goes on, “Offering an end to end business solution, Data Avangarde® enables its users to automate and secure the entire data production chain, from unstructured sources, and repository management, neither with any computer code line nor assistance. The operational processes can be fully modelled, thus ensuring a follow-up and traceability of all operations. These advantages also allow user companies to drastically reduce the costs of managing repositories while benefiting from greater control over data quality. With Data Avangarde®, Fortia aims to achieve a significant improvement in data quality, to achieve a reliability rate of more than 99% and a reduction of more than 90% in data processing and repository costs.”
Read more at PR Newswire.
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