TechValidate Research on Vertica


Case Study: Large Enterprise Banking Company

Introduction

This case study of a large enterprise banking company is based on a April 2015 survey of HP Information Governance solution customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“With HPE Records Management solution we are now compliant and ready for any regulatory requests that may come; we have flexible solutions that allow us to adapt to any regulatory changes. Also we have centralized our RIM process and are able to protect the Banks reputation by being able to assess and understand our large volume of data.”

Challenges

  • Addressed the following challenges by using HPE Information Governance solutions (formerly Autonomy):
    • The difficulty of retaining large volumes of books and records information in a compliant manner
    • The inability to respond to regulatory requests in a timely manner
    • The challenge of reconstructing events with intelligence and context
    • The inability to proactively identify, access, and manage significant annual data growth with confidence.
    • The limited ability to classify business information from non-business information that can be defensibly disposed
  • Agrees with the following statements related to information governance as it related to the Financial Service Industry:
    • With escalating regulations and expanding data volumes it is imperative to implement a holistic information governance strategy to maintain compliance and avoid financial and regulatory consequences
    • Many organizations are still relying on legacy information governance solutions which were not designed to handle today’s volume and diversity of information including IM, social media, and voice

Use Case

  • Plans on doing the following Information Governance projects within the next 12 months:
    • Information Archiving project
    • Unstructured Data Management project
    • Structured Data Management project
    • Big Data analytics project
  • Presently use the following HPE Software products and solutions for information governance:
    • HPE Structured Data Manager for structured data archiving and application retirement
    • HPE Records Manager for scalable electronic document and records management
    • HPE ControlPoint to identify, access, clean up, and control data across the enterprise
    • TRIM, IDOL
  • Manages the following types of information with HPE Software’s Information Governance products and solutions:
    • Email
    • Files
    • Structured data/databases
    • IM/text
    • Voice

Results

  • Find the following HPE Software Information Governance products and solutions the most valuable:
    • Deep financial services domain experience and expertise
    • Massive scalability
    • Security in the world’s largest, private cloud
    • Conceptual and contextual analytics
    • User friendly interfaces
    • End-to-end information governance framework (archiving, eDiscovery, etc.)
    • Connector framework to capture most enterprise information
    • Access, understand, and analyze human information
  • Achieved the following Information Governance results, benefits, and improvements using HPE’s solutions:
    • Reduced operational and legal costs
    • Expanded scalability to support skyrocketing information growth
    • Increased performance
    • Improved end user experience through efficient and transparent access to information
    • Improved litigation readiness
    • Decreased the time it takes to respond to internal or regulatory requests
    • Mitigated risk of penalties or sanctions
  • Improved the following with HPE Software’s Information Governance solutions:
    • Responsiveness to investigations: > 50%
    • Reduction in operational costs: > 50%
    • Reduction in legal costs: > 50%




About This Data

This data was sourced directly from verified users of Vertica by TechValidate.

TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


More Research on Vertica