Unlocking information nestled deep inside a company’s myriad files, paper stacks and servers just got easier.
Bloomberg’s enterprise information management service, Bloomberg Vault, announced the release of its File Analytics product. This hybrid-cloud service enables firms to locate, manage and unlock the potential of discoverable information held in corporate files and documents – so called ‘dark data.’
The new product enable firms to mitigate their risk exposure and manage unstructured data across the enterprise by helping firms identify, categorize, track and manage unstructured data that is difficult to find via traditional manual ways.
“Businesses today struggle to capture and organize the many different types of unstructured data in corporate file shares and enterprise repositories,” said Harald Collet, global head of Bloomberg Vault. “This ‘dark data’ presents firms with significant challenges and opportunities. Bloomberg Vault File Analytics helps firms address these challenges and derive more value from their data by enabling them to manage, analyze, and control large amounts of enterprise information.”
File Analytics can be used as part of a holistic information governance strategy to search and pro-actively manage dark data, whether it resides in enterprise communications, social media conversations or files and documents. File Analytics helps organizations mitigate risk and alleviate the concerns of compliance, legal or risk management.
Legal and compliance professionals can also use File Analytics for policy-based record retention, regulatory investigations, eDiscovery collection, and for deletion of corporate data based on best practices policies. IT executives can leverage the technology for file reporting, intelligent data migration, and more cost-efficient storage management across their enterprise data and file shares.
Select clients, such as Polygon Global Partners, a global investment firm, tested Bloomberg Vault File Analytics over the past several months.