Client Spotlight
RingLead: Data is the New Oil
RingLead is an enterprise software company that allows businesses to maximize the efficiency of their data. We offer the industry’s only unified data management platform that integrates seamlessly with Salesforce, Adobe, Oracle, Microsoft, and many other software companies.
RingLead’s platform enables clients to connect all of their various business databases–sales, marketing, operations, finance and HR–into a unified, and complete record, creating a 360 degree view of your customer. RingLead breaks down business silos, providing businesses with a single source of truth from every angle, ultimately leading to more efficiency, more revenue, and improved data governance/compliance.
RingLead is currently led by Russell Artzt as Executive Chairman and Head of R&D (formerly co-founder & head of R&D of Computer Associates–the first billion dollar software company, sold to Broadcom for $18.9 billion in 2018). Under Artzt, RingLead has transformed into a true enterprise software company, adding a variety of Fortune 500 clients, including Adobe, AstraZeneca, CBS, GE, Moody’s, NYSE, and Toyota, to its more than 700 customers.
In today’s world of digital disruption, data is the most valuable asset to an organization. Every organizational decision around a digital transformation strategy is driven by data. Enterprises increasingly need to ingest, process, and analyze massive volumes of inflowing data in real-time to create and maintain a competitive advantage. As fragmentation of applications continues, enterprises seek a consolidated interoperable framework to solve integration issues.
“The cost of bad data is an astonishing 15% to 25% of revenue for most companies”, according to Thomas Redman in the MIT Sloan Management Review.
Mary Meeker, one of the most influential observers/shapers of the tech landscape and a successful investor in this ecosystem, has highlighted data plumbing tools as one of the most important investment trends of the next decade in her most recent 2019 Internet Trends report.
Big data technology is set to reach $104.3 billion by 2026 (Fortune Business Insights), with the sub-market for Data Quality tools currently at $2 billion, growing at a CAGR of 18.2% (Gartner & MarketWatch). The growth of the data quality tools market is driven by the increasing adoption of CRM and marketing automation systems, ensuring that the data fed into these systems is of the highest quality.
“Data is the new oil, but it’s only useful when it’s refined,” said Jess Greenwood of Contagious. The rise of artificial intelligence is accelerating, driving the necessity for quality data and the “refinement process” to fuel these new, innovative platforms with quality inputs that lead to meaningful insights. Businesses looking to emerge in the age of the digital revolution will demand a platform that continuously works to enable quality data.
As a SaaS business, RingLead utilizes a hybrid subscription model that includes per-seat-per-month and per-data-record rates. RingLead bundles solutions into annual contracts, creating consistent and predictable revenues going forward. RingLead offers a powerful, affordable, easy-to-use platform for businesses of any size, from SMBs to commercial and large enterprises.RingLead stands at the forefront of the data management revolution and the digital transformation of business
For more information, email russ@russartzt.com.
