BIG DATA MANAGEMENT,BUSINESS STRATEGY,DATA SCIENCE
Informatica | August 26, 2022
Informatica® , an enterprise cloud data management leader, today announced that HelloFresh, integrated food solutions group and the world’s leading meal kit company, is leveraging Informatica’s data management solutions to improve forecasting, scale to meet demand and manage data as a strategic asset.
Today HelloFresh operates in 17 countries and delivered 287.3 million meals to 8.5 million customers in Q1 2022. It has seen exponential growth in the five years since it went public, launching in new countries, opening new brands, and acquiring Greenchef, Youfoodz and Factor. This rapid expansion saw the business tackling increasing challenges around the volume, complexity and obscurity of data.
Recognising the value of being data-driven, HelloFresh embarked on a company-wide initiative to shift how data is perceived, managed, and used across the business. Core to this transformation is the global technology department HelloTech, one of the company’s fastest-growing teams, having doubled its size in the past two years and now home to almost 1,000 engineers, designers, data engineers, data scientists, product managers, and analysts. This team plays a critical role in democratizing data across the business, enabling teams to make business decisions and deliver product innovations that are based on solid analysis of millions of data points.
Informatica enables enterprises to manage, own and derive insights from their data, which made it a good fit for HelloFresh’s data-driven journey to treating data as a product. Leveraging Informatica’s Enterprise Data Catalog, HelloFresh first increased transparency on its data footprint and then set out to make it discoverable and interoperable. Today, with the help of Informatica’s Axon Data Governance solutions, HelloFresh has increased its ability to deliver trusted, relevant data to users across the business, reducing the time from data to insight. This is noticeable in domains and teams that embarked on the Data Governance journey as early adopters.
HelloFresh operates in a data-driven way. Data is not only a resource for technological improvements and scaling the business but is also the base of every team's day-to-day work. All business decisions, including product innovations, are based on the analysis of millions of data-points to build a desirable product for customers.
The company’s intelligent data management approach expands beyond technology. HelloFresh recognized the shift required in the organizational mindset and established a Data Literacy Program to change how data is perceived and embed success criteria for data-related initiatives. There has been great success in the process of moving away from excel spreadsheets and embedding data directly into business operations.
“Data is HelloFresh’s most precious resource and, working with Informatica, we’ve been able to serve it up as a strategic asset to teams across the business, who use it to accelerate our mission to change the way people eat. “By empowering our teams with access to the right data at the right time and the know-how to use it, we can continue to offer customers fresh, healthy, affordable meals tailored to their tastes.”
David Castro-Gavino, Global VP Data at HelloFresh
In celebration of its success in driving a data-led transformation, HelloFresh was recognized as a data innovator in the 2022 Informatica Innovation Awards.
“HelloFresh is a fantastic example of an intelligent data enterprise – harnessing data as a strategic asset to fuel innovation, improve customer service and drive impressive growth,” said Jitesh Ghai, Chief Product Officer, Informatica. “We were pleased to recognize the HelloFresh team in our Innovation Awards. We look forward to working together as they continue their data-driven journey, democratizing data at scale across the business to foster fast-paced innovation.”
Informatica , an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™(IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 85 of the Fortune 100 rely on Informatica to drive data-led digital transformation.
HelloFresh SE is a global food solutions group and the world's leading meal kit company. The HelloFresh Group consists of six brands that provide customers with high quality food and recipes for different meal occasions. The Company was founded in Berlin in November 2011 and operates in the USA, the UK, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland, Canada, New Zealand, Sweden, France, Denmark, Norway, Italy and Japan. In Q1 2022 HelloFresh delivered 287 million meals and reached 8.52 million active customers. HelloFresh went public on the Frankfurt Stock Exchange in November 2017 and has been traded on the DAX (German Stock Market Index) since September 2021. HelloFresh has offices in New York, Berlin, London, Amsterdam, Sydney, Toronto, Auckland, Paris, Copenhagen, Milan and Tokyo.
BUSINESS INTELLIGENCE,BIG DATA MANAGEMENT,DATA SCIENCE
Domino Data Lab | September 01, 2022
Domino Data Lab, provider of the leading enterprise MLOps platform trusted by over 20% of the Fortune 100, today announced it was named to the Constellation ShortList™ for MLOps in Q3 2022. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations.
The Domino Enterprise MLOps Platform helps professional data science teams improve the speed, quality, and impact of data science at scale. Domino is open and flexible, empowering them to use their preferred tools and infrastructure, and collaborate on mission-critical projects. Data science models get into production fast and are kept operating at peak performance with integrated workflows for model deployment plus re-training and re-deployment. Domino also delivers the security, governance and compliance that enterprises expect, including ISO 27001:2013 certification.
"This recognition highlights core MLOps capabilities that tap growing volumes of data, the latest ML methods, and scalable infrastructure to unleash data science. "The AI breakthroughs we've seen our customers achieve only begin to uncover the potential of model-driven businesses, and we're thrilled for what's next."
Nick Elprin, co-founder and CEO at Domino Data Lab
"Organizations must reconsider how they balance business models, work/life priorities, and new market conditions during the uncertain climate of the Great Refactoring," said R "Ray" Wang, chairman and founder at Constellation Research. "Constellation's ShortLists reflect the top vendors that matter most to our network of buy-side clients. We publish ShortLists to expedite the decision-making process for leaders making critical vendor selections, so they can find the right partners to enable their business success."
Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation and streamline business processes. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research. The portfolio is updated at least once per year as the analyst team deems necessary based on market conditions.
About Domino Data Lab
Domino Data Lab powers model-driven businesses with its leading Enterprise MLOps platform trusted by over 20% of the Fortune 100. Domino accelerates the development and deployment of data science work while increasing collaboration and governance. With Domino, enterprises worldwide can develop better medicines, grow more productive crops, build better cars, and much more. Founded in 2013, Domino is backed by Coatue Management, Great Hill Partners, Highland Capital, Sequoia Capital, and other leading investors.
BIG DATA MANAGEMENT,DATA SCIENCE
Modak | August 29, 2022
Modak, a leading data engineering solutions provider, and Neo4j®, the world's leading graph data platform, today announced a partnership that will enable enterprises to accelerate the journey from multiple data sources to data products by bringing together the capabilities of Modak Nabu™ and Neo4j.
According to Gartner, "By 2025, graph technologies will be used in 80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision making across the enterprise."
"With growing data volumes and increasing diversity in data sources, it is essential for enterprises to provide their users the capability to understand relationships between different data assets. The partnership with Neo4j will bring the power of knowledge graphs, visualization, and analytics to data and business teams to accelerate the creation of data products using a self-service approach."
Milind Chitgupakar, Chief Analytics Officer, and co-founder, at Modak
Modak Nabu™ enables enterprises to automate data ingestion, curation, and consumption processes at a petabyte scale. Modak Nabu™ empowers tomorrow's smart enterprises to create repeatable and scalable business data domain products that improve the efficiency and effectiveness of business users, data scientists, and BI analysts in finding the appropriate data, at the right time, and in the right context.
Neo4j is the modern graph data platform for today's intelligent applications. Neo4j is the only enterprise-strength graph database that combines native graph storage, scalable speed-optimized architecture, and ACID compliance. Neo4j enables data and business teams to harness connected data and avoid complex queries. Neo4j empowers analysts and data scientists with increased ML accuracy, scalable analytics, and contextual AI – making better predictions with the data they already have.
With Modak and Neo4j partnership, enterprises will get the benefits of:
Faster relationship and pattern discovery in datasets using graph visualization
Simplified querying for data analytics with Cypher query language
Democratization of data access along with effective graph visualization
Consumption-ready curated data products
Self-service data engineering using a no-code/low-code platform
Integration of Modak Nabu™ with Neo4j
Multi-cloud and hybrid-cloud data engineering
Modak is a solutions company that enables enterprises to manage and utilize their data landscape effectively. We provide technology and cloud agnostic software and services to accelerate data migration initiatives. We use machine learning (ML) techniques to transform how structured and unstructured data is prepared, consumed, and shared.
Neo4j is the world's leading graph data platform. We help organizations – including Comcast, ICIJ, NASA, UBS, and Volvo Cars – capture the rich context of the real world that exists in their data to solve challenges of any size and scale. Our customers transform their industries by curbing financial fraud and cybercrime, optimizing global networks, accelerating breakthrough research, and providing better recommendations.