Aponia recognized as a GRC Software Leader on IBM Cloud
January 29, 2018 | New York, NY Aponia Data, provider of Governance, Risk, and Compliance (GRC) on the Cloud , announced today that the company has been positioned to providing leading Governance, Risk, and Compliance – GRC Software by IBM Cloud and IBM Watson
In the recent IBM Case Study, IBM highlighted the following.
As Aponia thrived in the crowded market of governance, risk and compliance (GRC) software vendors. Aponia Data Solutions needed to sharpen its competitive edge and differentiate itself from its rivals.
Assisted by technical and business support from IBM, Aponia focuses on AI, machine learning, and cloud-based services, helping sellers boost client engagement and build valuable long-term partnerships.
- Enables quicker creation of innovative solutions, driving impressive business growth
- 3x faster ROI for clients, thanks to more lean, agile development process
- 3-4 weeks to develop prototypes for new offerings, helping the company win or fail fast
Moving to the cloud gives Aponia Data Solutions a competitive edge by enabling rapid prototype development in just a few weeks and helping clients achieve ROI three times faster than on-premise software.
Developing innovative new solutions
Switching to the cloud service delivery model is enabling Aponia Data Solutions to differentiate itself from its competitors to develop attractive new customer offerings to fuel growth.
Jason Juliano elaborates, “We started out as a bootstrap organization, with limited resources at our disposal. Now, thanks to the move to the cloud, we are in a much stronger position and we’re expanding the business significantly. In fact, we are growing so fast we have had to move to a larger office. We are now starting to seek external investors, and we’ll be devoting more resources to recruiting specialist cloud salespeople and our digital marketing strategy. We’re aiming to gain a market-leading rating on the Gartner Magic Quadrant—and with IBM at our side, we think that’s an achievable goal.”
“With the cloud, we can win or fail fast during testing and development,” says Jason Juliano. “When creating traditional on-premise products, it could take three to six months to purchase and install the software and infrastructure, develop the POC, and then make the sale. With that model, there’s a risk that you only pick up glitches in production. Working with cloud makes the process so much easier. In some cases, it takes just eight weeks for us to create a solution that achieves a return on investment (ROI) for our clients. That’s around three times faster than the on-premise model.”
For one client, Aponia Data Solutions has produced an innovative predictive risk management tool for audit and compliance managers, built on IBM Watson Conversation. The solution enables users to direct questions to the Watson chatbot, which then interacts with the underlying database and predictive algorithms to calculate risk levels and help the company identify gaps between regulatory requirements and real-life operations.
In the future, Aponia Data Solutions plans to leverage IBM Global Financing to offer even more flexible payment plans for customers.
He concludes, “Our transition to a cloud provider has been a really smooth, fast process; the whole transition was completed within 12 months. IBM has been central to our cloud transformation—they are our main strategic partner. Without them, we could not have achieved our ongoing success.”
Aponia Data Solutions was founded in 2014 to help enterprises turn big data into a valuable, intuitive resource. Based in New York, the company draws on decades of experience implementing solutions to mid-market and enterprise clients in the financial services, healthcare, and insurance sectors. Aponia offers cloud solutions focused on data security, risk management and compliance.