Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets, today announced the launch of Sapient Synapse, a platform offering a more intuitive way for firms to capture and manage data requirements through a series of highly visual, web-based tools.
As organizations are confronted with growing datasets across multiple silos, managing the complexity of data requirements has become critical as regulatory mandates, customer demands and budgetary pressures also intensify. These competing demands require higher quality data at their core in order for firms to optimize information analysis, improve transparency and drive more informed decision making.
Sapient Synapse is a hosted platform for business and technology users to efficiently manage and capture data requirements and metadata in a fully transparent manner. By enabling closer collaboration across organizational silos, Synapse creates a more efficient way for firms to track, view and analyze data usage and understand how user actions affect other systems and process. As a result it can accelerate project delivery, increase accountability and support improved client service through the ability to see where data-related issues occur.
“Organizations face rising expectations around improved data transparency, accurate reporting and informed decision making. Throughout our consulting work across multiple data programs we realized there was no single platform that combines data requirements and analysis tools that unites business and technology stakeholders,” commented Gavin Kaimowitz, head of Sapient Global Markets’ data practice. “That led to the creation of Sapient Synapse, delivering a single environment for organizations to simply and effectively connect and govern data, content, processes and metadata, providing complete visibility across the entire enterprise. The feedback from our early adopters regarding the analytical tools, capabilities and UI has been very positive, and in particular its ability to foster greater collaboration between internal teams.”
The Synapse platform addresses the following data management disciplines:
- Information Mapping: Connecting multiple datasets together through an intuitive UI
- Data Requirements: Simultaneously manage multiple data requirements
- Transparency & Lineage: Efficiently track, view and analyze how data is used within your organization
- Metadata: Research and manage the meaning of data
- Impact Assessment: Understand how user actions affect other processes and systems
- Data Mapping: Perform data mappings across sources efficiently using visual tools
Multiple teams of users can work together through the web UI to link and update datasets with complete audit and permission functionality, fostering greater collaboration and filling knowledge gaps between organizational silos.
Sapient Synapse is a data practitioner’s tool servicing all industries, with off-the-shelf tools and best practice templates that enable firms to perform the data requirements aspects of a data governance program, from process, people, technology, policies, and standards to data.
To further support evolving data management capabilities, Synapse also has a partnership program that firms can use to add accelerators and build out the platform, adding functionality to meet specific needs. This includes content correlation to load unstructured data into Synapse and correlate with the data requirements and metadata being managed. It also offers the ability to integrate the taxonomy of the Comprehensive Capital Analysis and Review (CCAR) and Financial Review of the Trading Book (FRTB) to accelerate regulatory project analysis and transparency to enable efficient regulatory compliance.
@Technuter.com News Service