New File Analytics Capabilities Enable Firms to Mitigate Risk
Exposure and Manage Unstructured Data across the Enterprise
NEW YORK--(BUSINESS WIRE)--
Bloomberg's enterprise information management service, Bloomberg Vault,
announced today 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
Bloomberg Vault File Analytics helps enterprises manage 'dark data,'
which Bloomberg defines as unstructured data that is difficult to
identify, categorize, track and manage.
"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."
Bloomberg Vault 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
"Bloomberg is investing in enterprise solutions that enable our clients
to capitalize on the value of their data. For firms to be able to
capitalize on their data they must first understand what kind of data
they have and who is using it," explained Gerard Francis, global head of
Bloomberg's Enterprise Solutions business. "Bloomberg Vault File
Analytics helps firms derive insights from their organizational data,
which can enhance business intelligence and strategic planning."
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, the global investment
firm, tested Bloomberg Vault File Analytics over the past several
months. Polygon's technology chief, Neil Roberts, commented, "Like most
businesses in our space, we handle large volumes of unstructured data.
Bloomberg Vault File Analytics is a mechanism to better extract key
insight and analysis from this data while also allowing us to
responsibly maintain the correct audit trail for compliance and
To learn more about Bloomberg Vault File Analytics, please visit http://www.bloomberg.com/enterprise
or contact Amy Wilson in Bloomberg Vault sales at +1-212-617-6580.
Bloomberg, the global business and financial information and news
leader, gives influential decision makers a critical edge by connecting
them to a dynamic network of information, people and ideas. The
company’s strength - delivering data, news and analytics through
innovative technology, quickly and accurately - is at the core of the
Bloomberg Professional service, which provides real time financial
information to more than 320,000 subscribers globally.
About Bloomberg Vault
Bloomberg Vault is a cloud-based information management service that
delivers compliance, eDiscovery, and enterprise archiving by leveraging
the scalability and reliability of Bloomberg’s global infrastructure,
which distributes up to 250 million daily messages and manages more than
70 billion archived records on behalf of Bloomberg Vault subscribers.
Today, more than 750 organizations use Bloomberg Vault to manage and
archive a broad range of enterprise communications and collaboration
data, including e-mail, instant message (IM), mobile, files, voice data,
and social media. The SaaS solution provides information governance and
information analytics solutions, including enterprise archiving,
surveillance, eDiscovery, trade reconstruction, and data analytics. To
learn more about Bloomberg Vault, please visit www.bloomberg.com/enterprise
Pam Snook, +1-212-617-7652