Financial Services

How does DataNovata address these key industry challenges?

1. Improve customer engagement - These days it’s all about the customer experience, and banks are pressured to deliver the services and technological accessibility that consumers are demanding.
2. Competition from FinTech - Disruptive Fintech startups that have less regulatory friction to slow them down can exploit opportunities for innovation more rapidly than traditional banks to capture niche market segments.
3. Regulatory pressure - Regulatory requirements continue to increase, and banks need to spend a large part of their discretionary budget on being compliant, and on building systems and processes to keep up with the escalating requirements, including GDPR.
4. Privacy and security - Data quality remains an ongoing challenge, with data integrity and security continually compromised by outdated systems, inconsistent taxonomies, inaccuracies and incompleteness.

Through Fast, cost-effective Data Modernization

• Elevate synergies between legacy processes, people and new technology for better customer engagement
• Improve data tracing, validation, and reporting on a consistent, modernized digital platform
• Reduce risk exposure with data history on an autonomous platform in a secure, customizable application wrapper
• Reduce the overall cost of the data footprint with no loss of user connectivity

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Public Sector

How does DataNovata address these key industry challenges?

1. Constrain Public Sector spending - Demands are rising dramatically as populations age, placing more pressure on healthcare and retirement services
2. Faster service delivery - Digital era trends place increasing expectations on faster service delivery as new consumers embrace mobile and agile technologies, disrupting stable bureaucracies
3. Plan for mobility - populations and industry structures have greater mobility adding complexity and uncertainty to municipal planning.
4. Stay on top of the data explosion - The economics of knowledge are being transformed by the explosion of data and the ability to interpret it.

Through Fast, cost-effective Data Modernization

DataNovata helps Government and Public Sector accelerate to the pace of digital change:

• The customizable application generator helps to reduce the number of steps needed to access any historical data records throughout your agency or department.
• The data consolidation feature lets you import databases that share a common reference into one data repository for seamless cross-departmental access.
• The application sits under a common license to eliminate application sprawl.
• The data is hosted on the digital platform of your choice, in the cloud, or your data centre so you have complete control over access and data compliance.

DataNovata is a proven solution for renovating data access from systems of record to a secure, modern, customisable digital data application, reducing operating cost and improving worflows using an Invest to Save financial model.

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Pharma/Healthcare

How does DataNovata address these key industry challenges?

1. M&A Integration - realizing the economies of scale from merger activity through streamlining operational systems and management
2. Risk Management & Mitigation - supporting compliance controls for data quality and data access for record keeping, archiving and inspections.
3. Adapt to Digital Technology Trends - consumer culture is changing the dynamics of health management with greater collaboration through digital access and data collection methodologies.
4. Patient Rights to Records - as consumers engage, the data they provide comes with mandates on privacy and rights to information.
5. Leverage IT for operational efficiency - IT has to bridge global systems, cultures and processes to provide efficiencies that serve the business needs in a complex, highly-regulated industry.

Through Fast, cost-effective Data Modernization

The ease with which DataNovata helps Pharma/Healthcare companies to unwrap legacy and non-core application databases and transform them into a digital platform data application means that, within a short period of time Pharma/Healthcare companies can:

• Consolidate views of data across multiple systems within a customizable, digital UI
• Customize access, permissions and reporting to a granular level, by user, by data subject
• Decommission redundant systems maintained only for records
• Store application data history on an autonomous, secure platform.

The ease and flexibility by which DataNovata transform data accessibility from legacy to digital platform gives Insurance companies much greater control over their data assets to reduce cost, risk and barriers to investment opportunities.

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