Data and analytics program recognized for innovation and business value
(PRESS RELEASE) Stamford, CT — IDG’s CIO today announced Synchrony Financial (NYSE:SYF), a premier consumer financial services company, as a recipient of the 2017 CIO 100. The 30th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
Synchrony Financial was recognized for the cross-functional development of its web-scale enterprise data lake, which integrates data from several sources to deliver real-time analytic data services. The data lake combines Hadoop big data capabilities with an in-memory database and an Application Program Interface (API) layer to enable new machine learning and real time response capabilities. With 30 billion records, the data lake accelerates Synchrony Financial’s predictive analytics work.
“Our strategic data analytics platform is focused on delivering outstanding customer experiences and driving value for our retail partners,” noted Carol Juel, Synchrony Financial executive vice president and CIO. “Synchrony Financial is honored to be a recipient of the CIO 100 award for the third year in a row highlighting our leadership in technology innovation to deliver business value.”
“Technology innovation and business value have always been at the heart of our CIO 100 awards, which honor the IT organizations thriving on the front lines of the digital revolution,” said Maryfran Johnson, editor in chief, CIO Events. “This year’s winning companies are outstanding examples of how IT leadership, business collaboration and customer engagement are shaping the future.”
Greg Albaugh, senior vice president, Data Architecture & Analytics, Synchrony Financial, added, “We see our innovation and technology expertise as a competitive differentiator, integrated into all aspects of our business. This award highlights the value our data analytics program delivers to our company, our partners and our customers.”
Synchrony Financial will accept the award at the The CIO 100 Symposium & Awards Ceremony, on Aug. 16, at the Broadmoor Resort in Colorado Springs, CO.