Company: DataSync
Founder: Ovo Gharoro
Website: http://www.blackstonedatasync.com
About DataSync
DataSync is an AI/Data management company founded in 2023. Our founder, Ovo Gharoro, was frustrated by the lack of innovation in the data quality space and the time and cost it took to implement a data quality strategy. He embarked on a journey to create a data quality tool that could be implemented in weeks rather than years, and he created DataSync DQ.
DataSync’s mission statement is “to help financial services companies reduce their operating cost and increase staff productivity through access to improved data quality.”
DataSync has leveraged over 25 years of financial services sector expertise to build a tool that tackles the industry’s most persistent challenge: data quality. Poor data quality can erode 20-40% of an organisation’s revenue, but with DataSync DQ, you can significantly reduce this loss, make better decisions, lower operating costs, and increase productivity.
DataSync DQ is an AI-powered data quality SaaS solution designed specifically for financial services firms. Traditionally, implementing a data quality strategy can take up to three years and cost millions. With DataSync DQ, you can achieve the same comprehensive data quality strategy in just six weeks, saving you time and money.
DataSync DQ also performs root cause analysis on data defects and suggests corrections, eliminating the time it takes an analyst to investigate and resolve a problem, which, on average, is 25 minutes after the problem was detected. Organisations can see up to a 40% increase in the productivity of the data management function. This is a feature not offered by any other tool.
In June 2024, the startup completed the MVP and started speaking to a pilot customer. The company is talking with several UK-based asset managers about adoption and is on track to sign a large UK-based asset manager by the end of the year. The initial feedback has been very positive, with several companies seeing this as a game changer and truly disruptive. One investor called it “simple but clever”.
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