Binding Site Slashes Production Time and Saves Hundreds of Thousands of Dollars With Datawatch Self-Service Data Preparation
(Thomson Reuters ONE) -
BEDFORD, Mass., Jan. 19, 2016 (GLOBE NEWSWIRE) -- Binding Site, the world leader
in special protein diagnostics, is saving hundreds of man-hours daily and
hundreds of thousands of dollars annually automating data processing in its
research using data preparation software from Datawatch Corporation (NASDAQ-
CM: DWCH).
Binding Site supplies the world's laboratories with clinical diagnostic tools to
diagnose and monitor specific cancers and immune disorders. During production,
it must constantly analyze the results of its scientific instruments while
producing a meticulous audit trail of data to comply with FDA regulations.
The company used to have to re-key test results from print-outs generated by its
scientific laboratory instruments into a spreadsheet, manually correcting and
verifying each entry before the results could be officially vetted and archived.
Since Binding Site runs approximately 155 experiments per day across 40
machines, data processing had become an enormous and costly time-sink.
"The process was laborious and cumbersome, requiring on average two man-hours
per experiment, which is time that could be saved," said Dr. Adeel Mushtaq, Head
of Production Control at Binding Site.
When Binding Site recently modernized its business operations with a new ERP
system, Ian Rocky the IT Manager saw an opportunity to apply Datawatch's self-
service data preparation technology to save time and meet requirements.
Datawatch pulls in data from a wide range of unstructured and multi-structured
data formats like PDF, XML, HTML, text, spool and ASCII files that are typically
too challenging to integrate into analytical applications. Binding Site uses
Datawatch to automate the reading of PDF output files captured by the ERP system
from the instrumentation, identifying fields and updating an Oracle database.
Long term, by eliminating manual data preparation processes, Binding Site will
save greater than $600,000 annually by reducing labor time alone in addition to
improving data workflow.
"And beyond the time and cost savings, Datawatch has accelerated our ability to
gather data. Our business processes will be improved thanks to our ability to
automate the capture of instrument data, speed the flow of business information,
and meet quality & regulatory requirements much more easily," Mushtaq added.
"Binding Site is the perfect example of how organizations can drive
efficiencies, save money and improve regulatory compliance and auditing with
automation. While other companies spend up to 80 percent of their analysts' time
on data preparation, typically with many errors, Binding Site is quickly
transforming raw information into reliable, consistent data sets ready for data
analysis and reporting," said Dan Potter, chief marketing officer at Datawatch.
About Binding Site
Binding Site is committed to improving patient lives worldwide through
education, collaboration and innovation. The company focuses on research,
development, manufacture and distribution of innovative immunodiagnostic systems
and assays for the global laboratory market. By utilizing its specialized
expertise in antibody specificity technology, Binding Site has developed a broad
menu of special protein assays, including the Freelite® test, the only FDA
cleared and guideline-recommended serum free light chain assay on the market.
Binding Site gives clinicians and laboratory staff the tools to significantly
improve diagnosis and management of those patients with specific cancers and
immune disorders.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) enables ordinary users to deliver
extraordinary results with all their data. Only Datawatch can unlock data from
the widest variety of sources and prepare it for use with visualization tools or
other business processes. When real-time visibility to rapidly changing data is
critical, Datawatch enables you to visualize streaming data for the most
demanding business environments such as capital markets. Organizations of every
size worldwide use Datawatch products including 93 of the Fortune 100. Datawatch
is headquartered in Bedford, Massachusetts with offices in New York, London,
Frankfurt, Stockholm, Singapore, and Manila, and with partners and customers in
more than 100 countries worldwide. See how Datawatch can help you by
downloading a free version at www.datawatch.com.
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facts may constitute forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Any such statements contained
herein, including but not limited to those relating to product performance and
viability, are based on current expectations, but are subject to a number of
risks and uncertainties that may cause actual results to differ materially from
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Phone: (978) 441-2200 ext. 8323
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Datawatch Corporation
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Phone: (978) 441-2200 ext. 8387
Twitter: (at)datawatch
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Datum: 20.01.2016 - 14:55 Uhr
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