Collibra Helps Organizations Quantify Potential ROI from Data Governance and Catalog Investments
New companion white paper shows organizations that improve access to and quality of data through Collibra solutions are projected to achieve nearly $19M higher gross annual revenues
NEW YORK – Sept 5, 2018 – The distributed nature of data, as well as the speed and volume at which it is being generated, creates significant challenges as organizations try to derive value from data – turning it from a raw material into a true business asset.
For organizations to be truly data driven, they need to easily and quickly find, understand and trust their data for greater business insight and analytics, and have this capability via any system across the enterprise. The Collibra data governance and catalog solution is purpose-built to provide a framework that improves an organization’s ability to manage, access, and use high-quality data, as well as continue to create and maintain quality data over time. Customers choose Collibra for its functionality and user-friendly interface, and cite the following benefits of the Collibra platform as the most significant:
Provides strong “data taxonomy”
Big data analytics enablement
Deeper data understanding and linkages
Support of regulatory efforts
Faster resolution of data-related issues
“Organizations are often missing huge opportunities to activate and better leverage their data to drive competitive advantage,” said Felix Van de Maele, co-founder and CEO, Collibra. “Data governance is critical to delivering the trust and compliance every organization needs to ensure it can use higher quality data to improve business outcomes, identify new opportunities, address regulatory requirements, and ensure data privacy.”
Collibra, the leader in enterprise data governance and catalog software, has a new interactive ROI calculator that enables organizations to quantifiably estimate the potential return on investment from the Collibra Data Governance and Catalog Platform.
Collibra unveiled the ROI calculator in tandem with the availability of a new IDC White Paper, sponsored by Collibra, entitled, “Quantifying the Business Value of the Collibra Data Governance and Catalog Platform.” The White Paper explores the value and benefits organizations are achieving using Collibra data governance and catalog solutions, including 510% three-year ROI, a seven-month payback period and nearly $19 million higher gross revenues per year. Collibra customers interviewed for the white paper also shared evidence of broader business impact, including more effective marketing campaigns, enhanced products and services, improved billings, and other tangible results.
“Better understanding the potential ROI from data governance further reinforces its value as the foundation of any long-term data strategy — one that we believe will deliver significant, ongoing and tangible value for the organization,” said Van de Maele.
As the leader in data governance and catalog software, Collibra helps organizations across the world gain competitive advantage by maximizing the value of their data across the enterprise. Collibra is the only solution purpose-built to address the gamut of data stewardship, governance, and management needs of the most complex, data-intensive industries. Our flexible and configurable cloud-based or on-premises solution puts people and processes first – empowering every data citizen to find, understand and trust the data to unlock business value. Learn more at www.collibra.com.
The customer results described in this press release may not be indicative and customers’ results may differ materially from those stated herein. Collibra does not guarantee that all customers can achieve benefits similar to those described herein. In addition, this press release may contain forward-looking statements, including statements regarding the potential benefits of Collibra’s data governance and catalog solutions, which are subject to risks and uncertainties. Actual results may be materially different from those anticipated by such statements.