Trending to Tap the $30 Billion Data Migration and Modernization Market, CIO News, ET CIO

Tendency Inc., a leader Data scientific solution provider focused on solving the last mile problem in AIdecided to focus on capacity building investments and partnerships to expand and strengthen its “data in the cloud” migration and modernization solutions that will accelerate data and AI outcomes for its businesses clients.

“Companies are struggling to predict new customer behaviors and are constantly evaluating, refining and updating their analytical models. Tredence makes significant investments in developing capabilities to create “data in the cloud” solutions for enterprises. To that end, we are collaborating with an ecosystem of partners to develop migration and modernization strategies and solutions that transform businesses into knowledge-driven organizations,” said Sumit Mehrachief technology officer and co-founder of Tredence.

Every company data modernization The initiative brings its own sets of characteristics and challenges that need to be addressed contextually. Siled data locked away in legacy systems and outdated modernization and analytics approaches are the biggest hurdles to becoming an information-driven organization.

The three steps of this strategy are:

1.Speed ​​of action through data migration and AI-enabled analytics, modernization accelerators in data lifecycle management. This incorporates data platform discovery, data discovery, data migration, data catalog, data enrichment, and data quality.

2.Scaling speed leveraging its strategic partnerships with all major cloud hyperscalers, as well as data and AI platform ISVs. The company recently partnered with Bladebridge to transform the state of its customers’ data, cloud infrastructure, and provide a comprehensive suite of data and AI offerings.

3.Speed ​​of valuation By accelerating data migration and modernization times with its innovative solutions, Tredence plans to reduce overall data estate transformation costs and deliver transformational value faster, leveraging its broad industry solutions and accelerators . Tredence invests 5% of its turnover in R&D. The company’s AI Innovation Center of Excellence currently employs more than 100 data scientists and engineers working in industry and functional accelerators.

The three-pronged approach enables Tredence to tap into the $30 billion data migration and modernization market and accelerate data estate ROI for all of its enterprise customers in a seamless move to end to end.

“Every business today relies on real-time data and insights to stay agile and competitive in a highly dynamic global business environment. However, for most enterprises, generating insights and adopting the last mile remains a pipe dream without a clear and effective data modernization strategy. Our data migration and modernization solutions simplify data transformation and dramatically reduce time to value, operationalizing modern cloud-based data platforms,” said Soumendra MohantyChief Strategy Officer and Chief Innovation Officer, Tredence.

Tredence’s relentless focus on creating business transformation value for industries accelerates data migration with advanced data migration and modernization solutions and multi-cloud, cross-platform, enterprise-class analytics that leverage the highest degree of AI-based automation.

Sean N. Ayres