Flatfile announced the launch of
three new products in the Flatfile Data Exchange platform. The Fall 2024
release includes new AI data transformation and data migration functionality
that enables users to process massive data sets 10x faster than
before. With the new products, companies are able to
manage end-to-end data preparation workflows in the Flatfile Data Exchange
platform, while enhancing performance, security and efficiency.
Efficiently
collecting, transforming and migrating data from external sources and files is
a pervasive, growing problem for companies. These sources are typically highly
variable in structure and quality, and frequently vary from file to file, and
may consist of millions of records. Data and systems integration teams are
frustrated by cumbersome, inefficient, repetitive data cleaning tasks that
delay projects and add cost. Developers tasked with providing software
solutions to ease that pain constantly juggle a long list of high-priority
software development projects, limiting their ability to build a solution that
supports the specific needs and workflows of such data and integration teams.
The
status quo approach to data migration is a high latency, high effort. Teams
often spend cycles collecting, formatting, cleaning, and validating data, which
is most often executed with excel spreadsheets, email, and Python
scripts. Further, translating robust and complex business processes and
data requirements into a custom application can be remarkably time-consuming
for users who all have different data requirements and processes that involve
dozens of individuals to review/codify. Flatfile is solving these challenges by
delivering a cohesive environment for users to prepare data, powered by AI, and
enable users to quickly and efficiently upload existing templates and system
requirements, and write the code required to configure their Flatfile instance.
"We
are excited to announce the release of our most innovative breakthrough
products to date, leveraging AI to accelerate data workflows in the enterprise.
Some of the world's largest organizations across banking, financial services,
HR, healthcare and more rely on our platform to accelerate time to value with
their data migrations in the enterprise," said David Boskovic, founder and CEO
of Flatfile. "What takes some customers hundreds of hours to clean, validate
and format data, to complete a migration, now takes days and in some cases
hours - we are reducing the latency by at least 70 percent with minimal to no
prep required."
Fall Release Highlights:
Flatfile Projects - an end-to-end AI data
transformation solution designed for enterprise workloads, collaboration, and
speed.
- Collaborate and manage the
migration of data on behalf of a user outside the organization such as a
partner or a customer.
- Enable internal or external
users to start up new projects for data migrations by configuring your Flatfile
app to match the data requirements of your destination system.
- Upload files to the project
and work collaboratively on cleaning, normalizing, and transforming the data until it
matches the destination system requirements.
- Automatically manage conflicts such as when two users
attempt to merge differing changes on the same data and remediate in
real-time.
- Leverage AI to describe in
natural language how to change the data and preview the differences, or predict the
values a user might want to compute for a field.
- Receive intelligence on the
health of a project by allowing AI to analyze your data and extract insights and
visualizations.
Flatfile Advanced Mapping - a new
purpose-built AI mapping engine that delivers ground-breaking performance.
- Receive recommendations for
mapping data based
on the scoring/matching process and your unique data set, field and
destination.
- Dramatically reduce time and
eliminate the manual labor associated with pointing and clicking to map data.
- Customize the confidence
threshold of the AI model based on specific requirements and/or needs within an
organization.
- Visualize the mapping
decisions in
real-time, along with the source and destination sheets, in one rich
comprehensive view.
- Simplify processing large
mapping applications by selecting from groups within Advanced Mapping such as
Recommendations, Previously Mapped, Exact Match, and Unmapped.
- Fine-grained mapping
capabilities that
enable users to merge two values, set a default value or a fallback value,
select multiple fields and take the first available value, create a list from
multiple fields, assign a single value to multiple fields, or use AI to split
the contents of source fields into multiple associated destinations.
Flatfile Build Mode - putting data
innovation in your hands.
- Upload existing templates and
system requirements, and use AI to write the code required to configure the specific
Flatfile instance.
- Modify your projects as the
company's project requirements change.
- Use AI to update fields and
validations, as well as sidebar layout and theme, directly from the UI eliminating
the need to write code.
Flatfile
has allowed Deputy to cater to our growing customers' bulk data needs in a
scalable, standardized way and not just from a self-service standpoint, but
from a project implementations view as well. We're excited for the next
iterations of the Flatfile platform to allow us to onboard data in a faster,
more flexible way to support the ever-growing data needs of our customers,"
said Andrew Purchas, Lead Product Manager at
Deputy.
"Flatfile
has transformed the way our customers migrate their data to our system. With
these new advancements - like mapping and processing data even faster than
before and being able to collaborate seamlessly with customers on data
decisions - both our team and our customers will benefit greatly," said Erin
Leibold, Onboarding Services Manager at GrowthZone. "Anything that helps us
improve efficiency and reduce bottlenecks in our data onboarding workflows is a
huge win for us."
Flatfile's new products will be available starting in November
2024.