TORONTO, June 29, 2023 – Ataccama, a leading unified data management platform provider, has today announced a new collaboration with leading business and financial advisor Grant Thornton UK LLP to deliver AI-powered data quality solutions.
Businesses in UK financial services and other industries are facing pressures related to regulatory change and reporting, cost management, reputational risk, and the need to drive growth. These factors have driven increased investment in data technology that brings a demonstrable return on that investment.
Nick Stammers, VP UK and EMEA, Ataccama, commented on the collaboration, “Businesses today need to be able to extract full value from their data to gain competitive advantage. Grant Thornton’s robust technical expertise and depth of market sector knowledge, together with Ataccama's AI-powered data management platform, enables our joint customers to automate, scale and accelerate key data initiatives to outperform the competition.”
Nikhil Asthana, Head of Data, RegTech and Digital Advisory, Grant Thornton UK LLP, stated, “As businesses become increasingly digital, data has become an integral component to the success of all firms. Decisions made by senior leadership rely heavily on key data quality dimensions, such as accuracy, completeness and timeliness. Falling short on any of these can lead to incorrect analysis and significant harm including financial losses and reputational damage.”
Additionally, due to increased regulatory scrutiny, there is also a greater demand for quality data sources that feed into regulatory reporting streams,” continued Asthana. “If a firm lacks the ability to provide data of a high enough quality, there is an increased regulatory risk that can have long term effects. Our new collaboration with Ataccama will accelerate firms’ digital data transformation for long term growth and profitability at scale, providing organisations with a significant and long-lasting advantage in their respective markets.”
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