BIG DATA MANAGEMENT
Cboe Global Markets, Inc | July 29, 2022
Cboe Global Markets, Inc., a leading provider of global market infrastructure and tradable products, today announced it is leveraging Snowflake, the Data Cloud company, to migrate its corporate data and analytics from on-premises systems to the cloud. The adoption of Snowflake's Data Cloud will help transform Cboe's data and analytics infrastructure into a modern cloud architecture, bringing speed, scalability, and efficiency to the company's handling of its internal, proprietary data and analytics.
The flexible and highly scalable Snowflake Data Cloud platform, which can operate across different infrastructure cloud providers and regions as a single cloud, will help enable Cboe to employ additional tools to its existing data sets, expanding the way it aggregates and mines its data. Ultimately, this is expected to improve Cboe's capabilities in the ways it can analyze data, and derive rapid analytics to provide intelligence both internally and for customers.
"Cboe will leverage Snowflake to accelerate our cloud migration journey and modernize how we manage and utilize our proprietary corporate data and analytics for our benefit and that of our customers," said Eileen Smith, Senior Vice President, Data and Analytics, Cboe Global Markets. "Snowflake offers a highly flexible and scalable Data Cloud platform that will enable our teams to handle increasing amounts of data with greater speed and efficiency, improving our capabilities for managing, mining, and analyzing that data internally across our global business and sharing those insights with our customers. We look forward to the many expected benefits that Snowflake will provide."
Cboe also plans to utilize Snowflake as a security data lake to unify data for efficient detection and response and other cybersecurity use cases. Additionally, the migration to Snowflake's Data Cloud creates the opportunity for Cboe to potentially create new data products and services, while expanding data access for market participants through Snowflake's cloud capabilities and unique distribution channels, such as Snowflake's Secure Data Sharing.
"The successful financial services companies of tomorrow know that they need to provide a seamless data experience. "The work Cboe is doing to modernize their data and analytics infrastructure and deliver faster, better insights to their internal teams and clients is a model for how the financial services industry must modernize, deliver on a more customer-centric model of operation and take advantage of the data monetization opportunities that exist in financial services."
Rinesh Patel, Global Industry GTM Lead, Financial Services, Snowflake
Cboe continues to move toward more cloud-based solutions and the engagement with Snowflake is part of its ongoing global cloud strategy.
In November 2021, in a separate initiative, Cboe launched Cboe Global Cloud, a new real-time, cloud-based market data streaming service that aims to optimize the efficiency and delivery of Cboe's data services for market participants globally. Cboe Global Cloud is designed to enable customers to directly access real-time Cboe data from multiple locations around the world with as little as an internet connection. In addition, Cboe Global Cloud helps bring Cboe's wide array of real-time data products together onto a unified platform, providing customers a simple and efficient way to receive a variety of real-time data via a single access point. For more information, visit the Cboe Global Cloud website.
About Cboe Global Markets, Inc
Cboe Global Markets , a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.
Hightouch | June 14, 2022
Hightouch, the premier data activation provider, has extended its relationship with Snowflake, the Data Cloud business, to give joint clients seamless access to data activation in the Snowflake Data Cloud. Hightouch's platform is natively accessible inside Snowflake, allowing clients to launch Hightouch directly from their Snowflake account.
Hightouch is a Snowflake Partner Connect-enabled Data Activation partner. Moreover, Hightouch has been designated as a Snowflake-ready and Premier Partner, indicating that it is a verified partner that follows the Data Cloud's best practices for product integrations.
"Hightouch is ushering in the last-mile of analytics, enabling customers to leverage Snowflake as an end-to-end data platform. Through Snowflake Partner Connect, using Hightouch with the Data Cloud is secure, easy, and nearly instant."
Tarik Diwek, Head of Technology Alliances at Snowflake
Hightouch's reverse ETL capabilities combine with Snowflake to develop platforms in a matter of hours, as opposed to classic data platforms, which may take up to 12 months to install. This activates data across destinations such as marketing and advertising platforms, resulting in a shorter time-to-value and more insights. Organizations can achieve higher efficiency in governance, resources, and security by centralizing customer data workloads in Snowflake, all while increasing the pace of innovation.
Tejas Manohar, CEO and co-Founder at Hightouch said that "With Snowflake Partner Connect, Hightouch continues to advance the data activation category. Our extended partnership with Snowflake makes it seamless for organizations to create activation workloads that immediately impact revenue, from improving ad spend to increasing marketing conversions to reducing customer churn."
Ontotext | July 05, 2022
With the ever-growing complexity of enterprise data, it's paramount for organizations to have efficient, dependable and cost-effective tools to let them connect the dots of their enterprise knowledge. Over the past 10 years the knowledge graph paradigm has matured and has won its position at the core of the next generation data management and content management systems.
Ontotext's GraphDB is the leading database engine for managing knowledge graphs, powering business critical systems in many of the biggest enterprises across various industry verticals. These enterprises choose GraphDB, because it is cloud agnostic and offers predictable performance across a wide range of workloads, architectures and infrastructures.
"In GraphDB 10 we did a lot to make the most advanced data management technology as robust and easy to operate as it must be in order to penetrate the mainstream market."
Atanas Kiryakov, CEO of Ontotext
GraphDB 10.0 is the first major release since GraphDB 9.0 was released in September 2019. It implements next generation, simpler and more reliable cluster architecture to deliver even better resilience with reduced infrastructure costs. GraphDB 10 lowers the complexity of operations with better automation interfaces and a self-organized cluster for automated recovery. Deployment and packaging optimizations allow for effortless upgrades across the different editions of the engine, all the way from GraphDB Free to the Enterprise Edition. The improved full-text search (FTS) connectors of GraphDB 10 enable more comprehensive filtering as well as easier downstream data replication. Finally, parallelization of the path search algorithms brings massive improvement in graph analytics workloads through better exploitation of multi-core hardware.
New high-availability cluster with enhanced resilience, easier and cheaper operations
GraphDB 10 introduces a high-availability cluster architecture, based on the Raft consensus algorithm. Now any node can be either a leader or a follower, where the leader is like the master node in the old cluster and the followers are similar to the worker nodes. Unlike the old cluster, now every node contains a replica of the data – there is no dedicated master node that only distributes, but does not process queries. The Raft consensus algorithm uses majority voting to determine the current leader, and consensus to confirm every write operation. This ensures a high uptime, zero data loss, fault tolerance and smooth recovery from failures.
While the old cluster had to be defined at the repository level, the new cluster is defined for the entire GraphDB instance. This means that every created repository automatically becomes part of the cluster. The new cluster also handles transactions differently – very similarly to non-cluster environments. This unlocks new use-cases, such as using the Sequences plug-in, which were not possible with the old cluster.
As a result of all these changes, the new cluster architecture lowers the operational costs. It minimizes the hosting expenses by removing the master nodes, makes it easier to automate with the new cluster API and eliminates the need to configure complex third party software.
Effortless upgrade path as your business develops
Unlike previous versions, GraphDB 10 is packaged as a single distribution that can run in Free, Standard or Enterprise Edition modes depending on the currently set license. It requires zero development effort to pass from one edition to another. GraphDB 10 also makes it easy to unlock new features as one needs them (such as concurrency, high-availability, down-stream replication, etc.) or to replace bespoke features with generic software configurations. The single GraphDB distribution requires at least Java 11.
It is also possible to export a repository with an expired license so users are never locked out of their own data.
Improved search and downstream replication experience
GraphDB 10 offers improved FTS connectors with even more powerful property value and document filtering capabilities. The connectors can now perform very fine-tuned filtering at every level of the indexing process. The new release also features a two-variable comparison to cover numerous new use-cases, which were not possible before.
Faster analytics with new parallelization capabilities
Last but not least, GraphDB 10 ensures that users get the optimal performance for the number of cores they have purchased. The improved graph path search algorithm can run in parallel mode so that complex path searches run 5 to 10 times faster than before. This is just one of the optimizations to enable customers with a larger number of cores not only to handle a big count of concurrent requests but also to get faster processing of a single complex query.
And much more
There are many other changes and improvements in the new release, including:
Removing OntoRefine from GraphDB and developing it as a separate product. All existing OntoRefine and RDF mapping functionalities will be available in it.
Retouching GraphDB Workbench to make it even easier to use and introducing a French translation of the UI.
Simplifying remote locations, which now serve mainly as a facility for easier cluster management. Remote locations in GraphDB 10.0 cannot be activated but the repositories from them are accessible from the workbench together with the local repositories.
Introducing Java 11 as a minimum requirement in RDF4J, just like GraphDB 10.0. It includes numerous fixes and improvements of the overall performance.
With the release of GraphDB 10.0 Ontotext did the heavy lifting to deliver numerous improvements in the architecture, infrastructure and packaging that all together deliver a new level of reliability and make deployment, application development and system operations simpler, easier and more cost effective. It lays down a stong foundation for many other improvements coming soon in the next minor releases. Two major areas of improvement in 10.1 will be query performance optimization and availability on some of the major cloud platforms.
Ontotext is a global leader in enterprise knowledge graph technology and semantic database engines. Ontotext employs big knowledge graphs to enable unified data access and cognitive analytics via text mining and integration of data across multiple sources. Ontotext GraphDB engine and Ontotext Platform power business-critical systems in the biggest financial services, publishing, healthcare, pharma, manufacturing companies and public sectors.