Commvault provides data insights that improve business outcomes
Commvault (NASDAQ: CVLT), a global leader in enterprise backup, recovery, archive and the cloud, announced a new analytics portfolio of applications, capabilities, solutions and services, all built on the Commvault Data Platform.
The platform is designed to help customers have access to the right data and analytics in order to gain the insights needed to improve business outcomes.
This new portfolio includes applications and an application framework, new capabilities, solutions, and packaged service offerings all created to help customers obtain better data insights for compliance, e-discovery and a variety of other digital transformation use cases.
With the Commvault analytics portfolio, customers can create actionable data visualisations and implement business rules to drive workflows, all from a single platform. The portfolio’s capabilities will further empower Commvault’s customers to simplify management of growing amounts of data, and activate this data to reduce risk and improve business outcomes.
The first application in the portfolio will be for information governance and data privacy, and will be demonstrated this week at Commvault GO 2017. Fully integrated into the Commvault Data Platform, the new application offers customers the ability to identify, manage and reduce data privacy risks in compliance with the European Union’s General Data Protection Regulation (GDPR) and other data privacy regulations.
Enterprises around the world are preparing to comply with GDPR, one of the toughest data privacy regulations in the world, when it takes effect on 25 May 2018. Commvault’s new data privacy application can address many GDPR compliance challenges, enabling enterprises to better understand what personal data they have, respond to customer requests and meet GDPR obligations regarding the collection, storage and handling of personal data.
Designed with input from Commvault customers addressing GDPR compliance challenges, enterprises can use the new application to:
• Detect an expandable set of personal data, initially focusing on Personally Identifiable Information (PII) on file systems and endpoints.
• Use dashboards, reports and visualisations to map where this PII information is located and drill down into this data, allowing them to develop, implement and automate data privacy risk management policies.
• Create and assign automated work tasks to address customer requests and other remediation actions for PII data disclosure, export and erasure.
• Produce audit trails of PII data management actions.
“Transforming enterprise data into a strategic asset that can be used to cut costs, improve customer service, reduce risk exposure and otherwise increase stakeholder value is no longer a nice competitive advantage. It’s a requirement of success for today’s digital businesses. With the introduction of the new Commvault Data Analytics Portfolio and its first application, we are delivering on our vision to push Commvault further into the analytics space while providing customers with the mission critical data capabilities needed to solve their real-world business challenges,” said N. Robert Hammer, chairman, president and CEO of Commvault.
The general release of Commvault’s information governance for data privacy is targeted to be available by the end of December. Commvault’s new information governance for data privacy application helps enterprises develop action plans and data policies to meet the requirements of GDPR and other data privacy regulations automatically, consistently and at scale, while also proving to regulators that they have met their compliance obligations.
With these capabilities, the application enables enterprises to reduce the risk of fines, up to EUR 20 million or four per cent of a company’s annual global turnover, reputational loss and other consequences for GDPR non-compliance, while also increasing their customers’ trust in their ability to appropriately handle and protect their personal data.
Commvault’s information governance for data privacy is will be distributed directly and through its broad global network of partners, with many of these partners offering services to help customers maximise the benefits of the application. Commvault said its portfolio of analytic applications, capabilities, solutions and services will be continually built upon over the next 18 months.