GRC Viewpoint

DryvIQ: Unleashing the Power of AI for Scalable Data Classification and Enhanced Security


President & CEO

DryvIQ is an enterprise data management company focused on addressing critical pain points faced by organizations dealing with explosive unstructured data growth and related cost and risk challenges.

For quite some time, organizations have grappled with the explosive growth of data and the need to turn that data into actionable insights to gain a competitive edge. However, as data growth accelerates, many companies struggle to effectively manage their data, leading to reduced efficiency, increased risks, and soaring costs.

A significant challenge lies in handling unstructured data, which constitutes the largest proportion of enterprise data. According to IDC, approximately 90% of all enterprise data is unstructured, with some studies showing that it is growing at a rate of 50% year over year. This data is dispersed across various locations, including cloud and on-premises systems, with each piece of data having an average of 6.5 copies across these systems. Properly governing this data is challenging, and approximately 30% (conservatively) of the data companies hold is estimated to be outdated or “stale.”

Amidst this sea of unstructured data lies sensitive information, such as trade secrets, personally identifiable information (PII), passwords, and encryption keys, which are enticing targets for malicious actors.

DryvIQ’s Solution

DryvIQ has emerged as a game-changer by offering high-speed and scalable solutions for managing unstructured data, including data discovery and classification, automated protection of sensitive data, continuous stale data reduction, file migration, and more. Over the last decade, the company has leveraged its patented AI engine to tackle some of the world’s largest data management projects for more than 1,100 esteemed customers, including global brands like Forbes, Skullcandy, JDA, AstraZeneca, and dozens of Fortune 500 companies.

The DryvIQ platform helps organizations harness the value inside their data with a robust set of features. It supports over 40 connectors to various cloud and on-premises data repositories, enabling users to run one unified platform across all their data sources. DryvIQ’s technology can read over 550 file formats and detect 175 languages. The AI classifiers built into DryvIQ are pre-trained to recognize over 1,000 document types, 5,000 common form types, personally identifiable information, sensitive images, and numerous entity types. Moreover, the classifiers and entity types can be tailored to suit a customer’s specific needs, ensuring accurate and precise data classification.

DryvIQ’s Impact

DryvIQ’s value proposition is anchored on unmatched speed, scalability, and expert service. The company’s powerful AI-driven classification engine identifies and classifies sensitive information with remarkable accuracy, outperforming previous solutions by 5x or more. Customers have found DryvIQ’s technology indispensable, and the company enjoys an impressive Net Promoter Score (NPS) of 64.

Company Culture and Roadmap

DryvIQ places a strong emphasis on customer success and has a team of dedicated professionals who have executed thousands of successful unstructured data management projects. The company’s roadmap is customer-driven, focused on continuous innovation, and addresses the evolving challenges of data management, using the latest advances in technology.

Beyond its technological endeavors, DryvIQ fosters a purpose-driven work environment that encourages employees to excel both personally and professionally. The company actively contributes to charitable initiatives through its #DryvingChange initiative, emphasizing positive impacts on communities and future innovators.

Future Outlook

As the data management landscape evolves, DryvIQ remains committed to driving transformational impact for its customers, safeguarding their intellectual property and trade secrets. Automation, scalability, and continuous platform improvement remain at the forefront of DryvIQ’s innovation efforts, positioning the company to deliver differentiated value to its customers.

DryvIQ stands as a leading force in the realm of data management and security, armed with cutting-edge technology and a customer-centric approach. With a proven track record of success and a dedication to continuous improvement, DryvIQ is poised to shape the future of data management for businesses worldwide.