Home > News > featured news > InterSystems Takes Data Fabrics to the Next Level with Ever-Increasing Embedded Analytics Capabilities

BUSINESS STRATEGY

InterSystems Takes Data Fabrics to the Next Level with Ever-Increasing Embedded Analytics Capabilities

InterSystems | August 17, 2022 | Read time : 02:50 min

InterSystems
InterSystems®, a provider of next-generation solutions dedicated to helping customers solve the most critical data challenges, has announced a series of new releases to its award-winning InterSystems IRIS® data platform. The company has also recently announced a string of new customer wins as well as a new partnership as it continues to take data fabrics to the next level. According to Gartner® analysts, “by 2024, data fabric deployments will quadruple efficiency in data utilization, while cutting human-driven data management tasks in half” (Gartner, Top Strategic Technology Trends for 2022: Data Fabric, October 2021).

InterSystems IRIS empowers customers to adopt a microservices-based architecture without the typical issues associated with microservices in data-intensive applications. By adopting a unified data platform, instead of dozens of individual services, InterSystems customers avoid the challenges of building a data fabric from scratch, including integration time and risk, maintenance of the architecture, high costs of maintaining multiple overlapping infrastructure services, and the complexity associated with data duplication.

Recent releases of InterSystems IRIS include new capabilities and enhancements that speed and simplify the creation of smart data fabric architectures, including Embedded Python and IntegratedML, as well as a new facility that lets data analysts and data scientists collaborate easily. Data analysts working on BI can develop measures, dimensions and labels that follow business needs, and are immediately usable by data scientists working on AI. Conversely, ML models created by data scientists are directly available to data analysts for use in dashboards, reports, and applications. This functionality connects AI and BI together under the hood without needing to move the data, thereby streamlining operations and enabling real-time insights for the business.

Further enhancements have also been made to performance and scalability to handle high throughput and high-performance transactional-analytic use cases; and to Adaptive Analytics, which provides self-service capabilities, empowering business users to freely explore the data, ask ad hoc questions, and drill down via additional queries based on initial findings.

When embedded into the data fabric, these analytics capabilities put the ‘smart’ into the next-gen ‘smart data fabric’ architectural approach which InterSystems champions. In doing so, InterSystems allows business users and data scientists alike to benefit from a wide range of built-in analytics capabilities, including data exploration, business intelligence, natural language processing, and machine learning.

Adding to its data catalog, data lineage, and data governance capabilities, InterSystems has announced a partnership with Collibra, a data intelligence platform built for governance, quality, and privacy. The integration between the two platforms allows enterprise customers to take advantage of these extended capabilities on data that resides anywhere in the organization.

Further to this, InterSystems has released enhancements to the InterSystems Kubernetes Operator (IKO) to make scale up and management of data intensive applications in Kubernetes easier.

InterSystems IRIS® and InterSystems IRIS for Health™ are available as managed cloud services, as well as a variety of smart data services in the cloud, including InterSystems FHIR Transformation Services, and InterSystems FHIR Server.

InterSystems is also celebrating a number of new customer wins, including UST and Harris Associates, demonstrating the continued appeal of InterSystems IRIS among key industries, such as financial services and supply chain.

Next week’s Gartner Data and Analytics Summit will see InterSystems take to the stage alongside representatives from Harris Associates to discuss the role of the smart data fabric in delivering real-time data access and prescriptive analytics for financial services.

About the Gartner Data & Analytics Summit
The Gartner Data & Analytics Summit provides insights for data and analytics leaders to enable a data-and-analytics-centric culture within their organizations by tying strategy to business outcomes and promoting the adoption of technologies, such as artificial intelligence (AI), while creating a resilient culture that accelerates change and where data literacy, digital trust, governance and data-driven critical thinking are pervasive.

About InterSystems
Established in 1978, InterSystems is the leading provider of technology for critical data initiatives in the healthcare, finance, manufacturing and supply chain sectors, including production applications at most of the top global banks. Its cloud-first data platforms solve interoperability, speed, and scalability problems for large organizations around the globe. InterSystems is committed to excellence through its award-winning, 24×7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 25 offices worldwide.

Spotlight

Evergreen AI & Data Operations by Deloitte - Data as an Investible Asset

Cultivate data as an investible asset.  Deloitte's AI and Data Operations practice brings together an ever smart ecosystem of data, IA, and AI to generate real-time insights, evergreen value, and sustainable business impact for clients.  With Sangha Pati, Managing Director.

More featured news

Spotlight

Evergreen AI & Data Operations by Deloitte - Data as an Investible Asset

Cultivate data as an investible asset.  Deloitte's AI and Data Operations practice brings together an ever smart ecosystem of data, IA, and AI to generate real-time insights, evergreen value, and sustainable business impact for clients.  With Sangha Pati, Managing Director.

Related News

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Quantexa Announces Acquisition of Aylien

Quantexa | February 28, 2023

On February 27, 2023, Quantexa, a leading provider of Decision Intelligence (DI) solutions, announced its acquisition of Aylien, an Ireland-based company specializing in natural language processing (NLP) and advanced artificial intelligence (AI). The acquisition will enable Quantexa's customers to collect, analyze, and understand unstructured text data. As per Gartner®, unstructured data within organizations is increasing at a rate of over 30% YoY. This acquisition is a significant step for Quantexa as it marks the company's entry into the $11 billion text analytics market. It is the company's first acquisition since raising $153 million in its Series D funding round in late 2021, led by Warburg Pincus and a group of blue-chip investors. The acquisition aligns with Quantexa's growth strategy to offer enhanced value to existing customers and create offerings for adjacent markets in the $230 billion Decision Intelligence space. Aylien, founded in 2012, offers a News API that aggregates multilingual content from over 80,000 trusted sources across the web, traditional media, and licensed news outlets for developing intelligent applications. It also provides an application for analysts to investigate, identify and monitor news data to assess critical business risks and opportunities. Aylien's market insights and risk management solutions immediately expand Quantexa's portfolio of offerings across multiple industries. Customers will now be able to create real-time and reliable streams of actionable insights across risk and compliance practices, identify new opportunities for growth, and stay ahead of potential risks. Quantexa plans to increase its research and development investments in the AI and NLP space following the acquisition. The company will build on Aylien's success in an advanced state-of-the-art deep learning-based NLP research program. Based in Dublin, Ireland, the program has over 30 team members and four world-class university partnerships. The team currently supports over 40 enterprise customers and has produced research cited in over 700 academic publications. About Quantexa Quantexa is a leading data and analytics software company specializing in providing Contextual Decision Intelligence to organizations worldwide. By utilizing big data and artificial intelligence, it empowers organizations to make informed operational decisions by uncovering hidden risks and new opportunities through a contextual, connected view of external and internal data in a single platform. The company's platform addresses challenges across multiple areas, including data management, customer intelligence, KYC, financial crime, fraud, risk and security, throughout the customer lifecycle. Headquartered in London, it has offices in Amsterdam, Spain, New York, Brussels, Boston, Toronto, Singapore, UAE, Sydney and Melbourne.

Read More

BIG DATA MANAGEMENT, DATA ARCHITECTURE, DATA SCIENCE

Semarchy, MDM Leader Introduces Data-Driven Workflows

Semarchy | January 25, 2023

On January 24, 2023, Semarchy, an industry leader in master data management and integration, introduced data-driven workflows for its award-winning xDM module. With Semarchy's workflows, businesses can jointly manage, convert, and organize raw data into "single source of truth" golden records for every business use case. In addition, workflows integrate with their unified data platform, significantly improving the whole data management experience with a single, no-code solution that can be installed everywhere. François-Xavier "FX" Nicolas, Semarchy's Chief Product Officer, said, "This new data-driven workflow release is a bridge between the worlds of data and processes." He added, "It brings the best of these two worlds to Semarchy's users, upholding the fundamental principles of our product vision: capabilities unified in a low/no-code platform and best-in-class use of the technologies selected by our customers." (Source – Cision PR Newswire) As businesses grow from silo operations to process-led and ultimately data-driven futures, collaborative governance and dynamic workflows are necessary. Semarchy's workflows are inimitable in their pace, dynamism, and integration, enhancing business and data team cooperation. The data-driven, no-code workflow design minimizes technical resources and deployment time while enhancing end users' adoption rate and experience. xDM's premier master data management platform is natively merged with Semarchy's workflows as a single integrated solution to decrease data ownership overhead. The new workflows maintain Semarchy's commitment to accelerating time to value. Key benefits include enhanced operational productivity by dismantling data silos, optimizing processes, and strengthening organizational collaboration; drastically reduced data management operational overhead; and increased enterprise agility with end-to-end clarity of unified data workflows for improved decision-making. Early Access Program (EAP) feedback demonstrated overwhelming approval for Semarchy's redesigned interface, which speeds end-user adoption for managing and performing assigned workflow tasks. Other feedback indicates industry-specific advantages for firms such as Semarchy's U.S. partner, IMT Healthcare. About Semarchy Semarchy, an industry leader in data integration and master data management, enables businesses to derive commercial value from data swiftly. Its single platform lets enterprises of any size rapidly identify, administer, manage, integrate, and display essential data distributed across disparate applications. The firm is natively accessible on AWS, Google Cloud Platform, and Microsoft Azure, in addition to being offered as an on-premises solution. In addition to being maintained as a service, it is backed by an extensive ecosystem of software-as-a-service (SaaS) and professional service partners. The company has offices in Phoenix, United States; London, United Kingdom; Lyon, France; and Mexico City, Mexico.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

USEReady Unveils MigratorIQ for Business Intelligence and Cloud Computing

USEReady | March 16, 2023

On March 15, 2023, USEReady, a leading data and analytics solutions provider, launched MigratorIQ, a comprehensive migration solution to automate and streamline organizations' transition to modern BI (Business Intelligence) and cloud computing platforms. MigratorIQ is the culmination of USEReady's years of expertise assisting enterprises with migrating to new data ecosystems. MigratorIQ is based on a solution-specific methodology called MOM (Migration, Optimization and Modernization). The solution addresses the problems of CDAO (Chief Data Officer) offices that must handle migration and modernization along with BI investment optimization. The Migration module aids in retiring legacy systems, the Optimization module emphasizes the right environment size, and the Modernization module focuses on cloud deployment. In addition, MigratorIQ is offered with a suite of tools designed to automate the digital transformation journey more than other choices. With modern platforms, MigratorIQ has achieved 45% quicker TTM, 55% smaller report footprint, and 50% faster report processing time. Post-migration modernization and optimization are accomplished using tools like SnowIQ and Pixel Perfect, which provide observability and report bursting on a data clouds platform like Salesforce or Snowflake. To migrate to the cloud, USEReady uses its proven "Plan Migrate Validate" architecture, and post-migration assistance is provided through a program called Data Cloud Expert (DCExp). The USEReady team will attend the Gartner Data & Analytics Summit in Orlando, FL, from March 20 - 22, 2023, to discuss migration difficulties and learn more about MigratorIQ. About USEReady USEReady is a leading provider of data and analytics solutions. It specializes in helping organizations migrate to modern data ecosystems through its purpose-built solution approach called MOM (Migration, Optimization and Modernization). It gives organizations the strategies, tools, capabilities, and capacity to convert data into a competitive advantage. USEReady collaborates with cloud and data ecosystem titans, including Tableau, Salesforce, Snowflake, and Amazon Web Services, and has been named Tableau partner of the year on many occasions. With years of experience in data migration, the company helps organizations tackle migration with modernization while optimizing their BI investment.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Quantexa Announces Acquisition of Aylien

Quantexa | February 28, 2023

On February 27, 2023, Quantexa, a leading provider of Decision Intelligence (DI) solutions, announced its acquisition of Aylien, an Ireland-based company specializing in natural language processing (NLP) and advanced artificial intelligence (AI). The acquisition will enable Quantexa's customers to collect, analyze, and understand unstructured text data. As per Gartner®, unstructured data within organizations is increasing at a rate of over 30% YoY. This acquisition is a significant step for Quantexa as it marks the company's entry into the $11 billion text analytics market. It is the company's first acquisition since raising $153 million in its Series D funding round in late 2021, led by Warburg Pincus and a group of blue-chip investors. The acquisition aligns with Quantexa's growth strategy to offer enhanced value to existing customers and create offerings for adjacent markets in the $230 billion Decision Intelligence space. Aylien, founded in 2012, offers a News API that aggregates multilingual content from over 80,000 trusted sources across the web, traditional media, and licensed news outlets for developing intelligent applications. It also provides an application for analysts to investigate, identify and monitor news data to assess critical business risks and opportunities. Aylien's market insights and risk management solutions immediately expand Quantexa's portfolio of offerings across multiple industries. Customers will now be able to create real-time and reliable streams of actionable insights across risk and compliance practices, identify new opportunities for growth, and stay ahead of potential risks. Quantexa plans to increase its research and development investments in the AI and NLP space following the acquisition. The company will build on Aylien's success in an advanced state-of-the-art deep learning-based NLP research program. Based in Dublin, Ireland, the program has over 30 team members and four world-class university partnerships. The team currently supports over 40 enterprise customers and has produced research cited in over 700 academic publications. About Quantexa Quantexa is a leading data and analytics software company specializing in providing Contextual Decision Intelligence to organizations worldwide. By utilizing big data and artificial intelligence, it empowers organizations to make informed operational decisions by uncovering hidden risks and new opportunities through a contextual, connected view of external and internal data in a single platform. The company's platform addresses challenges across multiple areas, including data management, customer intelligence, KYC, financial crime, fraud, risk and security, throughout the customer lifecycle. Headquartered in London, it has offices in Amsterdam, Spain, New York, Brussels, Boston, Toronto, Singapore, UAE, Sydney and Melbourne.

Read More

BIG DATA MANAGEMENT, DATA ARCHITECTURE, DATA SCIENCE

Semarchy, MDM Leader Introduces Data-Driven Workflows

Semarchy | January 25, 2023

On January 24, 2023, Semarchy, an industry leader in master data management and integration, introduced data-driven workflows for its award-winning xDM module. With Semarchy's workflows, businesses can jointly manage, convert, and organize raw data into "single source of truth" golden records for every business use case. In addition, workflows integrate with their unified data platform, significantly improving the whole data management experience with a single, no-code solution that can be installed everywhere. François-Xavier "FX" Nicolas, Semarchy's Chief Product Officer, said, "This new data-driven workflow release is a bridge between the worlds of data and processes." He added, "It brings the best of these two worlds to Semarchy's users, upholding the fundamental principles of our product vision: capabilities unified in a low/no-code platform and best-in-class use of the technologies selected by our customers." (Source – Cision PR Newswire) As businesses grow from silo operations to process-led and ultimately data-driven futures, collaborative governance and dynamic workflows are necessary. Semarchy's workflows are inimitable in their pace, dynamism, and integration, enhancing business and data team cooperation. The data-driven, no-code workflow design minimizes technical resources and deployment time while enhancing end users' adoption rate and experience. xDM's premier master data management platform is natively merged with Semarchy's workflows as a single integrated solution to decrease data ownership overhead. The new workflows maintain Semarchy's commitment to accelerating time to value. Key benefits include enhanced operational productivity by dismantling data silos, optimizing processes, and strengthening organizational collaboration; drastically reduced data management operational overhead; and increased enterprise agility with end-to-end clarity of unified data workflows for improved decision-making. Early Access Program (EAP) feedback demonstrated overwhelming approval for Semarchy's redesigned interface, which speeds end-user adoption for managing and performing assigned workflow tasks. Other feedback indicates industry-specific advantages for firms such as Semarchy's U.S. partner, IMT Healthcare. About Semarchy Semarchy, an industry leader in data integration and master data management, enables businesses to derive commercial value from data swiftly. Its single platform lets enterprises of any size rapidly identify, administer, manage, integrate, and display essential data distributed across disparate applications. The firm is natively accessible on AWS, Google Cloud Platform, and Microsoft Azure, in addition to being offered as an on-premises solution. In addition to being maintained as a service, it is backed by an extensive ecosystem of software-as-a-service (SaaS) and professional service partners. The company has offices in Phoenix, United States; London, United Kingdom; Lyon, France; and Mexico City, Mexico.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

USEReady Unveils MigratorIQ for Business Intelligence and Cloud Computing

USEReady | March 16, 2023

On March 15, 2023, USEReady, a leading data and analytics solutions provider, launched MigratorIQ, a comprehensive migration solution to automate and streamline organizations' transition to modern BI (Business Intelligence) and cloud computing platforms. MigratorIQ is the culmination of USEReady's years of expertise assisting enterprises with migrating to new data ecosystems. MigratorIQ is based on a solution-specific methodology called MOM (Migration, Optimization and Modernization). The solution addresses the problems of CDAO (Chief Data Officer) offices that must handle migration and modernization along with BI investment optimization. The Migration module aids in retiring legacy systems, the Optimization module emphasizes the right environment size, and the Modernization module focuses on cloud deployment. In addition, MigratorIQ is offered with a suite of tools designed to automate the digital transformation journey more than other choices. With modern platforms, MigratorIQ has achieved 45% quicker TTM, 55% smaller report footprint, and 50% faster report processing time. Post-migration modernization and optimization are accomplished using tools like SnowIQ and Pixel Perfect, which provide observability and report bursting on a data clouds platform like Salesforce or Snowflake. To migrate to the cloud, USEReady uses its proven "Plan Migrate Validate" architecture, and post-migration assistance is provided through a program called Data Cloud Expert (DCExp). The USEReady team will attend the Gartner Data & Analytics Summit in Orlando, FL, from March 20 - 22, 2023, to discuss migration difficulties and learn more about MigratorIQ. About USEReady USEReady is a leading provider of data and analytics solutions. It specializes in helping organizations migrate to modern data ecosystems through its purpose-built solution approach called MOM (Migration, Optimization and Modernization). It gives organizations the strategies, tools, capabilities, and capacity to convert data into a competitive advantage. USEReady collaborates with cloud and data ecosystem titans, including Tableau, Salesforce, Snowflake, and Amazon Web Services, and has been named Tableau partner of the year on many occasions. With years of experience in data migration, the company helps organizations tackle migration with modernization while optimizing their BI investment.

Read More

More featured news