Syncsort and Algorand: Helping Data-Driven Enterprises Leverage Decades of Technology Investment in the New Era of Blockchain
Industry Segment: Enterprise Software
Syncsort is the global leader in Big Iron to Big Data software. For decades, the company has organized data everywhere to keep the world working — the same data that today powers machine learning, artificial intelligence, and predictive analytics. With over 7,000 customers, including 84 of the Fortune 100, Syncsort helps organizations quickly extract value from their critical data anytime, anywhere. Their products provide a simple way to optimize, integrate, and advance data, helping to solve for the present and prepare for the future. Syncsort operates in over 100 countries with more than 800 employees worldwide.
Organizations today use data across hundreds of applications and systems, both on premise and in the cloud. But data does not always flow seamlessly across these systems, which can lead to data access and quality issues. Furthermore, an increasing number of organizations are embracing blockchain today. But as the technology is still nascent, organizations have minimal expertise in integrating blockchain with other systems and extracting value from it.
Syncsort helps customers unlock valuable data from legacy systems including mainframes, IBM i servers, and enterprise data warehouses (EDWs), ensuring that data is complete, accurate and trusted. The company seamlessly integrates mission-critical data from these traditional data systems with next-generation platforms.
Syncsort is at the cutting edge of creating high-value solutions for blockchain that meet enterprise data requirements and help increase the auditability and visibility of their transactional systems. Through its Syncsort Invent industry initiative, Syncsort partners with enterprises to solve use case specific challenges around data movement, data quality and more, as these companies look to leverage decades of data infrastructure investment in the new era of blockchain.
Working with Algorand
Syncsort recognized Algorand as one such next-generation platform that enterprises are embracing. To date, Syncsort has been an active participant on Algorand’s TestNet, evaluating the exciting potential of what is made possible with Algorand’s approach. While working on data solutions that work across a variety of blockchain solutions, Algorand is one of their top focus projects.
“We pride ourselves on working with data-driven enterprises to solve hard problems they face in taking advantage of Next Wave technologies. We see growing momentum for blockchain and are actively investing in solutions that will enable our customers to leverage this new technology to augment or replace the transactional systems that run their business.”
“Partnering with companies that have innovative technology focused on real business use cases that require the immutability, security and transparency of blockchain is critical to this initiative, and that is what we see in Algorand.”
— Dr. Tendü Yoğurtçu, CTO, Syncsort