BIG DATA MANAGEMENT
Quantexa, the data and analytics software company pioneering Contextual Decision Intelligence (CDI), today launched the latest release of its data analytics platform as a response to the growing global need for better insight into massive and fast-increasing data volumes.
The new platform version, Quantexa 2, comes on stream just as recent revelations of sophisticated tax avoidance scams, including the Pandora Papers, in which investigative teams sift through millions of data to unveil the real-world patterns, are disclosed.
The growing need for intensive data scrutiny in both law enforcement and corporate decision-making is now clearer than ever. Organizations often struggle to extract useful operational intelligence out of masses of structured and unstructured data. Decision makers are keen to glean fresh insights based on information they can trust. Quantexa's mission is to improve this process, to better detect risks and find opportunities hidden within large datasets.
The recent recipient of $156m series D investment, Quantexa has further refined its best-in-class software platform to simplify the organizational complexity that comes with transforming billions of data points into enterprise intelligence.
Quantexa 2 helps users see deeper into their data and work more efficiently by introducing powerful new capabilities that boost control, functionality and reduce friction:
A. Streamlining deployment with low-code/no-code capabilities, organizations are empowered to set up an implementation quickly and easily, enabling data scientists and developers to work the way they want to.
B. Making data exploration more accessible, with a new set of features that make navigation simple, and let users visualize data in a way that's relevant to their unique needs.
C. Introducing contextual search for unstructured data, which allows the platform to make use of unstructured sources such as news and human authored intelligence. This new product module enhances the platform's existing investigative capabilities which is already accelerating productivity by up to 80% in global organizations, making traditionally resource-intensive tasks more efficient and effective.
"Almost every organization today is dealing with the impact of ever-increasing amounts of disjointed data. As the pandemic has accelerated digital transformation, it is clearer than ever that better ways need to be found to harvest, accurate, actionable intelligence from this huge corporate resource.
Vishal Marria, CEO of Quantexa
With Quantexa, teams are now empowered to use data and see connections and relationships like never before to spot business-critical risk and opportunity. The team has worked tirelessly across the industry ecosystem, to develop the world's easiest to use and most effective CDI platform, one the C-suite as well as user teams can rely on to gain the insights they would otherwise have missed for effective operational decisions."
Jamie Hutton, CTO at Quantexa, who led the development of Quantexa's new platform, commented: "So often data analytics tools miss sources which turn out to be very useful for creating the real-world picture behind the data. This could be as varied as news feeds or even human intelligence. At Quantexa we keep advancing our capabilities so our users can see ever further into their data. Our platform empowers developers and data scientists to work smarter, not harder. The effortless data exploration we achieve with this platform will provide a better experience, increased efficiency and greater user adoption."
During the summer of 2021, Quantexa, a leader in Contextual Decision Intelligence, attracted blue chip investors to close a Series D funding round. Participants led by Warburg Pincus included Bank of New York Mellon, British Patient Capital, and ABN AMRO, as well as existing investors and put the total capital raised to date at $255 million. This follows a momentous year for the company, in which it doubled its staff, grew revenue by 108%, and increased its customer base by 10x.
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa's platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, financial crime, customer intelligence, credit risk, fraud and throughout the customer lifecycle.
The Quantexa platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has over 400 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne and Sydney.
Qlik® today announced the debut of Qlik Forts™, a new hybrid cloud service based on the Qlik Cloud® platform, that securely extends Qlik's cloud analytics capabilities to wherever data and compute needs to reside.
Whether data is located on-premises, in a virtual private cloud or a public cloud, Qlik Forts eliminates the need to move previously siloed local data for cloud analytics, ensuring the cost savings and performance benefits of SaaS while meeting every governance, jurisdiction or policy requirement. By delivering a seamless, low latency user experience across any cloud, Qlik Forts will accelerate governed use of more relevant data, a key ingredient in achieving Active Intelligence, where technology and processes trigger immediate action from real-time, up-to-date and trusted data to accelerate business value.
“Organizations aren’t experiencing the full potential of cloud analytics since much of their data remains siloed due to regulatory and sovereignty restrictions, data egress and compute costs, and laborious orchestration that results in limited user experience. All these barriers keep organizations from creating more value from all their data and realizing the benefits of Active Intelligence. With Qlik Forts, we are knocking down every one of these barriers. Unlike other analytics vendors, Qlik never requires customers to move their data to our cloud. With Qlik Forts, we reinforce that flexibility and choice with the ability to deploy Qlik’s cloud analytics right next to their local data as needed, fully aligning with their existing investments, governance requirements and multi-cloud strategies.”
James Fisher, Chief Product Officer at Qlik
Qlik Forts is a hybrid cloud service pre-packaged to run as a virtual appliance on-premises or in any cloud of choice anywhere in the world – including leading platforms like AWS, Google Cloud Platform and Microsoft Azure. Like other Qlik Cloud services, Forts are managed by Qlik to ensure they are always up to date with the latest features. Qlik Forts can reside on an organization’s network and behind the firewall, and all applications, data connections and data files in use stay local to the Fort, supporting any data location requirement possible.
Qlik Forts: Breaking Down Cloud Analytics Data Silos
“IDC's market research shows that currently about 80% of organizations have data distributed across hybrid, on-premises and cloud environments,” said Dan Vesset, Group VP, Analytics and Information Management, IDC. “The data estate is not becoming any less complex in the foreseeable future and that has real consequences. Organizations that are challenged by data silos report to us lower levels of data literacy, less trust in data, and lack of actionable information."
“Business Intelligence with Qlik is an essential part of Rutherford Health’s strategy to create a high value healthcare business, bolstering our efforts with insightful analytics that help drive our decision-making and operational performance to better support our patients,” said John Lopez, Business Improvement and Transformation Manager, Rutherford Health plc. “Qlik Forts will enable a hybrid approach towards our architecture, a core requirement that will provide the security of an on-premises solution with the capability and flexibility of a SaaS product. This is crucial to Rutherford, as we deploy core applications across Finance, Governance and Centre Care to provide near real-time analytics from multiple sources directly to users, while also enabling oversight of Key Performance Indicators across multiple aspects of our business.”
Since Qlik Forts is included in Qlik Cloud, all users and administrators have a single point of entry and a consistent, seamless experience when accessing data and insights. With Qlik Forts, organizations can enable every employee with modern cloud analytics anywhere in the world on the organization’s timeline and unique data requirements.
“Qlik Forts is the next big leap in hybrid deployments,” said Alex Walker, Operations Director, Ometis. “Having one interface to access apps, data and tools seamlessly and securely across on prem, private cloud, public cloud and/or Qlik's cloud will bring incredible value to anyone’s cloud analytics strategies.”
Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private SaaS company, Qlik provides an end-to-end, real-time data integration and analytics cloud platform to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik does business in more than 100 countries and serves over 50,000 customers around the world.
BIG DATA MANAGEMENT
Privacera, the unified data access governance leader founded by the creators of Apache Ranger™, today announced that its customer, Sun Life, leveraged Privacera's data access governance to rapidly migrate to AWS and automate data management, fine-grained data access control, and compliance across its Amazon EMR, Amazon S3, and on-premises Hadoop environments. Additional details of the engagement can be found here.
As a leading international financial services organization, Sun Life holds a vast amount of sensitive customer data and personally identifiable information (PII). The organization deployed Privacera to migrate its on-premises data to AWS – while maintaining its existing Apache Ranger data access policies – without introducing any security, privacy, or compliance risks.
More specifically, Privacera provided Sun Life:
Rapid Migration of 4,000+ Access Policies - Privacera accelerated AWS cloud migration by enabling Sun Life to leverage its existing Apache Ranger data access policies and automatically implement them in the cloud, removing the need for its data or IT teams to manually rewrite policies.
Unified Data Visibility Across Multiple Data Sources - Privacera provides a unified view of Sun Life's sensitive data, both on-premises and across all 200 Amazon EMR nodes, Amazon S3, and on-premises Hadoop environments from a single interface. This enables detailed visibility of how sensitive data is accessed and used across all of Sun Life's data sources.
Automated Compliance with IFRS and More - Privacera's fine-grained access controls, role-based and attribute-based policies, and automated compliance workflows control access to data across all of Sun Life's data sources, ensuring data is used only by authorized users. This allows Sun Life to easily prove compliance with industry regulations like International Financial Reporting Standards (IFRS).
Faster Data Insights with Reinforced Data Security - Privacera enables Sun Life data administrators to grant access to data requests with one click, ensuring data scientists and analysts have rapid, self-service access to data to drive faster analytics and business insights without risking unauthorized access or compliance violations.
Reduction of Manual Processes from Weeks to Days - Privacera's consistent, fine-grained access controls and automated access requests reduce the time it takes for Sun Life's data administrators to grant bulk access to data from 3-4 weeks to 1-2 days, increasing overall operational productivity.
"Because Apache Ranger is critical to the success of our entire analytics platform, so is Privacera as it allows us to capitalize on existing technology and deliver critical data to our analytic teams quicker. Our goal was to get our data into a data lake as quickly as possible and then apply access rules so approved Sun Life professionals can actually use the data to generate important insights. Requests that used to take three to four weeks to program can now be reacted to in less than two days."
Don Geukers, Director of Cloud Infrastructure & Operations at Sun Life
Privacera's SaaS-based data security and governance platform enables analytics teams to access data without compromising compliance with regulations such as GDPR, CCPA, LGPD, and HIPAA. Privacera provides a single pane of glass for securing sensitive data across multiple cloud services such as AWS, Azure, Databricks, GCP, Starburst and Snowflake. Privacera's platform is utilized by Fortune 500 customers across finance, insurance, life sciences, retail, media, consumer industries and federal agencies/government to automate sensitive data discovery and easily manage high-fidelity policy management at petabyte scale on-prem and in the cloud. Headquartered in Fremont, California, Privacera was founded in 2016 by the creators of Apache Ranger™.