Naveego, an emerging leader of cloud-first distributed data accuracy solutions, today announced that the company has expanded its global reach to the Asia Pacific market with Mondelio becoming the first strategic partner in the region. The joint venture combines the power of the Naveego Complete Data Accuracy Platform with Mondelio's leading corporate performance management and advanced analytics software and services to enable true digital transformation for customers. 

Poor data quality has plagued enterprises for decades costing the U.S. economy $3.1 trillion a year. At $100 for each incorrect record, a company with only 50,000 incorrect records incurs a cost of $5 million to maintain them. This problem is compounded by an explosive wave of new data growth due to the rise of artificial intelligence, machine learning, the Internet of Things (IoT), mobile devices, autonomous vehicles, and other sources outside of traditional data centers.   

The Naveego data accuracy platform combined with Mondelio's corporate performance management and advanced analytics software will empower organizations to proactively transform data into viable, actionable information assets across enterprise systems and harness the power of data for predictive business modeling and analytics. As a result, customers will have the benefits of exceptional data quality without the complexity and high cost of customized installation and the ongoing maintenance of legacy based solutions. By connecting all sources of data into a single view, businesses can proactively achieve global data health in a single repository.     

"To achieve true digital transformation, businesses need a data accuracy solution that unifies and manages both traditional and new data sources into a single accurate record for business advantage," said Katie Horvath, CEO, Naveego. "Our strategic partnership with Mondelio will allow APAC customers to proactively manage, detect and eliminate data accuracy issues across all enterprise data sources in real-time to provide a single, comprehensive view of all information assets to create analytics ready information and ensure global data health.

"Partnering with Naveego is a key step for Mondelio, increasing our capability to provide leading edge solutions for our customers in financial services, energy, mining, and commercial and industrial IOT markets," said Paul Orfanos, President, Mondelio. "Naveego's data quality software combined with Mondelio's technical and business knowledge create a powerful combination, greatly enhancing our service offering in the areas of data quality and advanced business intelligence."