However, meeting compliance requirements and stopping fraud is no small task for today's global organizations. Financial institutions process billions of transactions and communications daily, producing massive volumes of information that lives in silos throughout the company. Legacy analytics software is incapable of understanding and recognizing irregularities in data that is scattered across multiple data types.
To help protect organizations from this growing compliance crisis, HPE is introducing breakthrough technology that is purpose-built to help identify and stop fraudulent and non-compliant behavior. HPE Investigative Analytics leverages HPE's unique software assets in archiving, compliance, and machine learning to automatically detect patterns and anomalies in structured and unstructured data, in order for an organization to shut down bad behavior before it becomes an issue.
"An ever-increasing amount of enterprise data combined with escalating fines and sanctions is creating a risk threshold that organizations are no longer able to ignore, particularly in highly regulated industries," said Laura DuBois, Group Vice President, Enterprise Storage, Servers and Infrastructure Software at IDC. "A software solution like the one from Hewlett Packard Enterprise, which delivers insight into both structured and unstructured data -- to not only identify and analyze risk events, but also take action to prevent them -- is quickly becoming an industry mandate."
"Keeping ahead of unethical and illegal activity is imperative for organizations of all sizes today in order to protect themselves from fines, sanctions and negative publicity that can materially affect shareholder value," said David Jones, Senior Vice President and General Manager, Information Management & Governance, Hewlett Packard Enterprise. "With HPE Investigative Analytics, we have built on our strong heritage in compliance and analytics software to deliver a solution that analyzes more data at a deeper level than alternatives to deliver the greatest amount of insurance possible to our customers."
HPE's Investigative Analytics is a complete surveillance and analytics solution that casts a wide net across enterprise information and has a 200x greater hit rate on identifying potentially risky information compared to other compliance and risk management systems. The key capabilities of HPE Investigative Analytics are as follows:
HPE Investigative Analytics is available directly from Hewlett Packard Enterprise, and also with select partners, who provide added value.
"Following recent high-profile allegations and fines, many of our clients are seeking a comprehensive analytical solution to improve their ability to identify non-compliant or fraudulent activities," said Tom Lewis, UK Head of Data Analytics at PwC. "With Hewlett Packard Enterprise, we are leveraging their communication-centric analytics platform to help clients deploy a framework of sophisticated analytical and investigative applications and processes."