Dubai - Datawatch Middle East is launching a timely solution in the region with obvious attractions for banks, mortgage providers, brokerage houses, and other players in the financial sector. Such enterprises generate sufficient text-based transactional reports daily to threaten the largest forest. Distributing this information mostly proves a substantial task, impacting on valuable IT resources. Distilling the information which departments need to function with paper reports tends to eat into everyone's work time, to the detriment of the business process. Financial services providers are required to provide increasingly more accurate information in timely fashion to the right person and in the right format.
If this sounds expensive, either in terms of cost or development, you may yet to have encountered Monarch Data Pump from global software provider Datawatch. Now completely re-built in it's eighth version in dot net format, this efficient and cost effective solution acquires and combines data mined from existing reports and other data sources including pdf files. It then delivers that data in a wide variety of formats, on an automatic, scheduled basis. In short, it delivers accurate information in timely fashion to the right person and in the right format.
Rob Graham, Product Manager, Middle East believes that this solution will find a ready market in the region; "Compliance, Reporting and Transparency, these are the new watch words for the industry in the region. This solution takes the skills of global report mining leader Monarch and allows non IT people to benefit from an automated process which gathers the information which they need and delivers it speedily and without fuss".
Graham continues, "In an age of increasing compliance issues matched with an even more competitive business environment, enterprises do not need yet more technology but solutions. Therefore, the prospect of translating and delivering the information which departments need to function, perhaps from disparate sources, offers many real advantages".
Such technology exploits a symbiotic relationship with existing systems to leverage the information resources already operating within an organisation. Thus, there is an immediate impact in terms of extending the life of the spend already made on present systems while grafting on a solution with minimal implications for staff retraining and an early return on investment. So MDP8 automatically creates and delivers customised data across your organisation at a fraction of the cost and time of alternative solutions.
It is quite simply a server-based information delivery and data extraction, transformation and loading solution. Unlike other data transformation and delivery systems, MDP8 automatically transforms unstructured data sources, such as report files and PDF files, into live, customised information. More expensive solutions can still ignore reports and PDF files as a data source. MDP8's ability to mine data from existing reports and PDF files, along with other data sources, delivers a massive benefit in lifting and providing the data your end users need in a form they can easily work with.
Another benefit of this solution is that it utilises an old friend Really Simple Syndication to alert those that need to see this fresh information. RSS has been around for a relatively long time. Originally designed for use mainly in news and allied media activity, it retires the need to e-mail information, with all the attendant risks in terms of fire walls and allied security fences.
This is surely a timely solution which aids many reporting and allied activities around the enterprise, without blocking valuable IT resources. Graham concludes, "It is not rocket science but it is a truly bankable solution. The price is right and the timing could not be better".
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For more information please contact:
Liz Fox
Citigate Middle East
Mobile: +971 50 551 5971.
© Press Release 2005
