Q&A with Aaron Pang, Associate Director, Business Transformation at Ernst & Young

Media 7 | July 29, 2021

Aaron Pang, Associate Director, Business Transformation at EY, created his first e-commerce business and online marketing business at age 21 and achieved over one million US revenue in the first year. In 2015, he led the home market of a global successful logistic-tech venture, Lalamove. After that, he went on to lead a three-year transformational program for a global accounting body Hong Kong Institute of Certified Public Accountants (HKICPA). He is the creator and host of the Transformative Purpose podcast, author of two books Reborn Digital and The Asian Dad.

I believe when all of us focus on becoming a better future self, together, we can co-create a better world for the next generation. Children are our future.


MEDIA 7: Actions speak louder than words, and yours tell an incredible story. Which of your professional milestones are the most memorable?
AARON PANG:
While technology has given us many benefits and convenience, it has also resulted in challenges to humanity. As we are more connected digitally, we are less connected as humans.
I build community to inspire. I believe when all of us focus on becoming a better future self, together, we can co-create a better world for the next generation. Children are our future.

Below are some of the most memorable milestones:

1. Reborn Digital, a book that I authored in 2021 has become one of the bestsellers in Hong Kong and Macau. I enjoyed the journey of writing because it taught me how to find time to write while juggling a young child and a full-time job. The book is suitable for anyone who wants to understand more about the new digital economy and how to transform.

2. Every week I speak to an inspirational guest through our podcast, Transformative Purpose. The podcast aims at building a global community through positivity and helping others to discover their north star. After one month of launch, we have received global support from a diverse international audience from CEOs to parents to children. What struck me the most is that we now have people from Vietnam, Bangladesh, Hong Kong and Australia helping with the vision.

3. The digital transformation journey at a very traditional company Hong Kong Institute of Certified Public Accountants (HKICPA) and redesigned many of its digital and non-digital service and channel experience which impacted over 65,000 members and students as well as the public in the last few years.


M7: What inspired you to become a successful entrepreneur when you were 21 years old?
AP:
I majored in actuary in year one and then changed to marketing and management double major after I realized actuary was not for me. Thinking back, the rare combination, reading management books, and following leadership gurus including the likes of Andrew Grove, Steve Jobs, Jack Welch, back in the day, has probably taught me to think about problems creatively and logically.


I dream of a world where everyone knows about their north star, focuses on becoming a better future self, work with one another together, to co-create a better future for the next generation.



M7: Your first online marketing business’ revenue turnover was over a million in the US market within the first year of its launch. What was the strategy behind achieving such a grand success in a short period of time?
AP:
I love challenges and enjoy spotting opportunities, analyzing data, doing experiments to make things better. The success came from relentless trying and failing. I think there were four key factors that drove the success.

- Firstly, be opportunistic. The business was only making US$10-$20 net every day in its early days. It took a while to figure out the winning formula.

- Secondly, be analytical. We did a lot of research analyzing data from many different sources.

- Thirdly, be resilient and keep testing. We did a lot of experiments to try what worked and what did not work. Similar to Thomas Edison, he proved there were hundreds of other ways in which light bulbs wouldn’t work. It all depends on how you look at an issue.

- Lastly, the power of context played a role as well. We were in the early days of e-commerce right after the dot-com crash. Despite having no technical knowledge, I taught myself how to build several e-commerce and drop-shipping websites, market our brands online, and focus on finding ways to provide more value to customers which traditional retail value chains could not fulfil.


M7: As the Managing Director of Lalamove, how have you helped the company become a globally recognized logistic-tech venture?
AP:
 I was the Country Leader between 2015 and 2016, a period where we were facing fierce competition from our local competitors and we also had very high attrition. To break out from the red-ocean and not to be seen as offering a commoditized last-mile delivery service, we launched new services to differentiate from our competition, such as motorcycle, standardized door-to-door shipping for retail and luxury retail eCommerce including Google, Zalora and the like. We also formed many strategic partnerships to improve the customer and driver community in Hong Kong.

Operationally, we streamlined and standardized a lot of our operations to improve the scalability, consistency and quality of our services. To name a few, we introduced onboarding, engagement and offboarding strategies for drivers. To tackle the high employee turnover in customer service, we introduced rotation, created a career path, defined service protocols to handle customer and driver complaints. To help with engagement, I allocated part of the operating budget to customer service, which they can use for team-building.

Because of my passion for data, we were quite diligent in tracking customers and drivers’ data and their behaviors. I created a new role for data scientists and we co-created leading indicators, e.g. standard deviations to track customer and driver anomalies so that we can step in timely.


M7: Can you please take us through the transformational program that you implemented at Hong Kong Institute of Certified Public Accountants (HKICPA) that made it a global leader today?
AP:
There were three key stages, build, operate and transfer. We first assembled a centralized digital team that supported all the business units. To ensure timely decision-making because organizations such as HKICPA and the like tend to be quite bureaucratic, I led a steering committee that directly reported to the council members.

During the implementation, we focused on the customer-facing digital touch-points with members and students first. We conducted surveys from time to time to gather their feedback and satisfaction. We celebrated small wins and then took on the more challenging enterprise innovation around customer data, servicing model and process optimization. Almost 100% of our members were satisfied with the digital improvements.

Lastly, we upskilled and transferred the digital ownership back to the business and IT departments.


Treasure every breath in life because someone else might not have a chance to. Learn to focus on the means and enjoy the discovery. Life is like a book. You don’t know the next chapter that lies ahead of you. But what you do today, can influence the narrative of the next chapter.



M7: What is the goal you hope to achieve through your Transformative Purpose podcast?
AP:
I dream of a world where everyone knows about their north star, focuses on becoming a better future self, work with one another together, to co-create a better future for the next generation. Children are our future.


M7: You are a proud author of two successfully published books: Reborn Digital and The Asian Dad. Can you please tell us more about them?
AP:
My first book was inspired by my son.
On April 9 2019, the day before my son turned three months, he suffocated. I thought he would die in my arms. That experience made me re-look at the world through the lens of a young child. I wrote my first book, The Asian Dad so that one day my son would understand the purpose of parenting and what his parents had to go through. I published my first Chinese paperback in June 2021. The book aims to educate companies and others on how to become Pi and T-shaped talent by understanding more about digital transformation and how to transform.


M7: You are an inspiration for ambitious youngsters today. How would you advise them to stay motivated and keep working hard to achieve their goals?
AP:
Our values and behaviours are shaped by years of upbringing and life experiences.
The most important thing is to stay healthy.
I was diagnosed with Bell’s palsy twice in my life. I was not able to smile, blink, eat, and speak clearly for about nine months. Treasure every breath in life because someone else might not have a chance to.
Learn to focus on the means and enjoy the discovery. Life is like a book. You don’t know the next chapter that lies ahead of you. But what you do today, can influence the narrative of the next chapter. Steve Jobs founded his company in the 70s, it took almost 30 years before we saw iPhone.

Success in life is not about how much money we have made or our job titles. The world is broken today, it is more divided than ever before. Do our part and help make it a better place by being human to one another. We should measure ourselves by the impact we made on the world and the number of people we have helped.

I try to train my brain to think these ways and then build an ecosystem to reinforce these values. Ecosystem meaning, your mentors, your language (do you say I instead of We), your habits (are you burned out? Do you exercise?) and then experiment (if there’s something you are unhappy about, be the change). I just happen to use my voice and book to inspire others to find their north star. Life is a discovery. If I can do it, so can you.

ABOUT ERNST & YOUNG

Ernst & Young exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

More THOUGHT LEADERS

'Raising the voices of those who may not always be heard is critical,' says Claire Thomas

Media 7 | April 28, 2023

Claire Thomas is responsible for developing and implementing a strategy for diversity, equity, and inclusion (DEI) across Hitachi Vantara through programs that reflect the diverse backgrounds, interests, and passions of their current and future workforce. Continue reading to learn her views on the significance of inclusion and diversity in an organization....

Read More

Q&A with Charles Southwood, Vice President, N. Europe and MEA at Denodo

Media 7 | September 15, 2021

Charles Southwood, Regional VP at Denodo Technologies is responsible for the company’s business revenues in Northern Europe, Middle East and South Africa. He is passionate about working in rapidly moving and innovative markets to support customer success and to align IT solutions that meet the changing business needs. With a degree in engineering from Imperial College London, Charles has over 20 years of experience in data integration, big data, IT infrastructure/IT operations and Business Analytics....

Read More

Q&A with Vishal Srivastava, Vice President (Model Validation) at Citi

Media 7 | September 8, 2021

Vishal Srivastava, Vice President (Model Validation) at Citi was invited as a keynote speaker to present on Fraud Analytics using Machine Learning at the International Automation in Banking Summit in New York in November 2019. Vishal has experience in quantitative risk modeling using advanced engineering, statistical, and machine learning technologies. His academic qualifications in combination with a Ph.D. in Chemical Engineering and an MBA in Finance have enabled him to challenge quantitative risk models with scientific rigor. Vishal’s doctoral thesis included the development of statistical and machine learning-based risk models—some of which are currently being used commercially. Vishal has 120+ peer-reviewed citations in areas such as risk management, quantitative modeling, machine learning, and predictive analytics....

Read More

'Raising the voices of those who may not always be heard is critical,' says Claire Thomas

Media 7 | April 28, 2023

Claire Thomas is responsible for developing and implementing a strategy for diversity, equity, and inclusion (DEI) across Hitachi Vantara through programs that reflect the diverse backgrounds, interests, and passions of their current and future workforce. Continue reading to learn her views on the significance of inclusion and diversity in an organization....

Read More

Q&A with Charles Southwood, Vice President, N. Europe and MEA at Denodo

Media 7 | September 15, 2021

Charles Southwood, Regional VP at Denodo Technologies is responsible for the company’s business revenues in Northern Europe, Middle East and South Africa. He is passionate about working in rapidly moving and innovative markets to support customer success and to align IT solutions that meet the changing business needs. With a degree in engineering from Imperial College London, Charles has over 20 years of experience in data integration, big data, IT infrastructure/IT operations and Business Analytics....

Read More

Q&A with Vishal Srivastava, Vice President (Model Validation) at Citi

Media 7 | September 8, 2021

Vishal Srivastava, Vice President (Model Validation) at Citi was invited as a keynote speaker to present on Fraud Analytics using Machine Learning at the International Automation in Banking Summit in New York in November 2019. Vishal has experience in quantitative risk modeling using advanced engineering, statistical, and machine learning technologies. His academic qualifications in combination with a Ph.D. in Chemical Engineering and an MBA in Finance have enabled him to challenge quantitative risk models with scientific rigor. Vishal’s doctoral thesis included the development of statistical and machine learning-based risk models—some of which are currently being used commercially. Vishal has 120+ peer-reviewed citations in areas such as risk management, quantitative modeling, machine learning, and predictive analytics....

Read More

Related News

BIG DATA MANAGEMENT, DATA SCIENCE, BIG DATA

Immuta Brings its Data Security Platform to Snowflake’s Government & Education Data Cloud

Businesswire | June 08, 2023

Immuta, a leader in data security, today announced the launch of its data security platform as a pre-built integration for the Government & Education Data Cloud, launched by Snowflake, the Data Cloud company. The launch of the Government & Education Data Cloud unites Snowflake’s data platform, Snowflake and partner-delivered solutions, and industry-specific datasets to empower educational institutions and public sector agencies at the federal, state, and local levels to spend more time on what matters most: caring for citizens and students. The Snowflake Government & Education Data Cloud makes it possible for government and education institutions to address industry challenges by enabling intra- and cross-agency data sharing and collaboration, establishing 360° views of their stakeholders, monitoring for fraud, waste, and abuse, and leveraging an industry-leading network of public sector partners. “We are looking forward to working with Immuta to improve citizen and student outcomes by giving customers fast, safe, and trusted access to critical education and public sector data,” said Jeff Frazier, Global Head of Public Sector at Snowflake. “Our continued partnership with Immuta will help organizations leverage the data they need to drive meaningful change in their communities.” Within the Government & Education Data Cloud, customers can access industry-specific solutions built by Snowflake’s ecosystem of public sector and education partners to leverage best practices, reduce time-to-value, and increase overall impact. The Immuta Data Security Platform enables joint customers to protect their data on Snowflake’s Government & Education Data Cloud by providing them with automated data discovery and classification, scalable data access controls, dynamic data masking, auditing and reporting, and risk detection indicators. With Immuta and Snowflake, government agencies and educational institutions can securely share data with third parties to effectively collaborate and fully derive value from data in their possession to improve citizen and student outcomes, all while meeting security and compliance standards. “We’re excited to be a launch partner for Snowflake’s Government & Education Data Cloud and have the opportunity to provide customers access to industry-specific solutions that will help them leverage best practices, reduce time-to-value, and increase overall impact,” said Chris Brown, Public Sector CTO, Immuta. “The partnership between Immuta and Snowflake will enable both government and education organizations to derive value and insights from their data, all while protecting it to better serve citizens and students.” Learn more about Snowflake’s Government & Education Data Cloud launch here and partner-tailored solutions for the industry here. Check out our blog to see how Immuta’s integration with the Snowflake Government & Education Data Cloud helps accelerate zero trust while unlocking data’s value. About Immuta Immuta enables organizations to unlock value from their cloud data by protecting it and providing secure access. The Immuta Data Security Platform provides sensitive data discovery, security and access control, data activity monitoring, and has deep integrations with the leading cloud data platforms. Immuta is now trusted by Fortune 500 companies and government agencies around the world to secure their data. Founded in 2015, Immuta is headquartered in Boston, MA. To learn more about Immuta, click here.

Read More

BIG DATA MANAGEMENT, BUSINESS STRATEGY, DATA SCIENCE

ArangoDB Boosts Performance and Usability Across Search, Graph, and Analytics with Release of ArangoDB 3.11

PRWeb | May 31, 2023

ArangoDB, the company behind the most complete graph data and analytics platform, today announced the GA release of ArangoDB 3.11 to accelerate its performance across search, graph, and analytics use cases. ArangoDB 3.11 includes performance improvements for ArangoSearch, ArangoDB’s natively-integrated full-text search and ranking engine, as well as new functionality to its web interface to simplify the database’s operations. “ArangoDB 3.11 is designed to take the capabilities of advanced search and analytics to new heights, while also introducing a wealth of new performance, usability, and operational improvements,” said Jörg Schad, PhD, CTO at ArangoDB. “With today’s release, ArangoDB runs even faster and is more intuitive to use, allowing our customers and community to continue to unlock insights that help them optimize decision-making and accelerate innovation.” New functionality in ArangoDB 3.11 includes: Faster query performance across search and graph: ArangoDB 3.11 brings new functionality to ArangoSearch that improves its performance. New column caching options allow for common values to be stored in memory, and a new Analyzer for GeoJSON data stores geo-spatial data more efficiently. In addition, reduced memory usage of in-memory edge indexes as well as index cache refilling accelerate graph traversal performance while consuming fewer resources. Improved user experience for database administration and management: With new features available in its web interface, even more of ArangoDB’s capabilities can be managed outside of the command line in a user-friendly graphical interface. The graph viewer for visualizing named graphs has received substantial improvements as well as new functionality. It has been reimplemented based on the vis.js library, the interface has been streamlined and rewritten to use the React framework, and overall performance has been improved. New features include the ability to search the visible graph to center a specific vertex, as well as by Start node. New functionality for ArangoSearch has also been added to ArangoDB’s web interface, including a search-alias View to create and manage search views, the ability to create inverted indexes on collections, as well as a new sorting mechanism and search box for Saved Queries to make it simpler to find relevant queries and discover which ones have been created or used recently. Data science and analytics operational enhancements: ArangoDB 3.11 offers persisted Pregel execution statistics to better assist data science and graph analytics use cases. Further features in ArangoDB 3.11 include parallel gather, write-write conflict improvements, various performance enhancements across AQL (the ArangoDB Query Language), new server options, and more. Packaging and availability ArangoDB 3.11 is available immediately. All new features are included in both the open source ArangoDB Community Edition and the commercial ArangoDB Enterprise Edition, except for column caching and the geo_s2 Analyzer, which are Enterprise only. ArangoDB 3.11 is available for download as a self-managed deployment here, as well as on ArangoGraph Insights Platform, ArangoDB’s managed service. About ArangoDB ArangoDB is the company behind ArangoGraph Insights Platform: a next-generation graph data and analytics platform that uncovers insights in data that are difficult or impossible with traditional SQL, document, or even other graph databases – making it easier to drive value from connected data, faster. ArangoGraph Insights Platform is the scalable backbone for graph analytics and complex data architectures for thousands of Fortune 500 enterprises and innovative startups across many different industries, including financial services, healthcare, and telecommunications. Founded in 2015 in Cologne, Germany, ArangoDB Inc. is a venture-backed, next-generation graph data and analytics company headquartered in San Francisco, California, with offices and employees worldwide. Learn more at http://www.arangodb.com.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Precisely Advances Leading Data Quality Portfolio, Providing Unparalleled Support to Customers on their Journey to Data Integrity

Businesswire | June 01, 2023

Precisely, the global leader in data integrity, today announced a series of innovations to its industry recognized data quality portfolio. The announcement underscores the company’s continued commitment to helping organizations on their path to data integrity - empowering data leaders and practitioners to better understand their data and ensure it is accurate, consistent, and contextualized for confident decision-making. Thousands of customers around the world rely on data quality solutions from Precisely for their best-in-class address validation and enrichment, sophisticated entity matching, financial reconciliation, and enforcement of data quality rules for their business. Integration with other Precisely solutions, including data governance, data observability, data integration, and data enrichment empowers customers to seamlessly address new use cases in their rapidly changing, data-driven world. With the latest product updates, Precisely has further enhanced capabilities in its well-known solutions, building upon decades of leadership in the data quality market: Precisely Spectrum Quality – now offers expanded capabilities for editing, visualizing, and interacting with graph data for use cases requiring a single view of critical data. It also supports the latest United States Postal Service (USPS) CASS™ Cycle O, allowing customers to benefit from improved address validation and matching to ensure accurate and efficient delivery of mail, and take advantage of reduced mailing costs. Starting in July, it will also provide the option to integrate Spectrum OnDemand directly with Precisely Property Graph – enabling users to understand the intricate relationships between addresses, parcel boundaries, building footprints and points of interest. Precisely Trillium – offers improved connectivity with double the number of supported data sources now available for Trillium Quality and Trillium Discovery customers. The updates enhance performance and enable data quality rules to be applied to data originating from sources such as Snowflake, Amazon Redshift, Google BigQuery, and SAP S/4HANA. Starting in July, support will also be available for USPS CASS™ Cycle O. Precisely Data360 – has been advanced with the option to integrate Data360 DQ+ with Spectrum OnDemand, allowing customers to validate emails and phone numbers, on top of being able to validate and geocode addresses using Spectrum’s well-known strengths. Several enhancements have also been made to Data360 Analyze to provide secure and easy access to Microsoft Azure Key Vault, and enable more efficient coding in Python. These new updates follow the recent announcement of the Precisely Data Integrity Suite’s new Data Quality service, which provides complementary benefits for users of Precisely data quality solutions including Spectrum Quality, Trillium Quality, Trillium Discovery, and Data360 DQ+. The new Data Quality service means customers can run data quality processes wherever data lives – including in the cloud. It also empowers them to harness additional value by seamlessly integrating with other Suite services, including Data Integration, Data Governance, Data Observability, and more. The announcement comes at a time when organizations are under more pressure than ever to execute on increasingly sophisticated data initiatives, requiring access to high levels of accurate, consistent, and contextualized data to achieve successful outcomes. In fact, new research1 from the Center for Business Analytics at Drexel University’s LeBow College of Business revealed data quality as the number one challenge for organizations (50%), as well as being the top priority (53%) for data leaders to address in 2023, with 66% of all respondents rating the quality of their organization’s data as average, low, or very low. “Advanced data programs ultimately rely on high-integrity data to achieve successful outcomes, and ensuring that your data is accurate, consistent, and contextualized is a critical step on the path to building that trust,” said Emily Washington, SVP – Product Management at Precisely. “We are proud to continue to evolve our unique blend of software, data, and strategic services to meet customers wherever they are on their data integrity journey and help them to stay agile in the dynamic market landscape.” Register for the new data quality webinar series to hear directly from Precisely product experts on how customers can take advantage of these latest updates. 1.2023 Data Integrity Trends & Insights Report, Center for Business Analytics at Drexel University’s LeBow College of Business in partnership with Precisely – full report coming June 2023 About Precisely Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.

Read More

BIG DATA MANAGEMENT, DATA SCIENCE, BIG DATA

Immuta Brings its Data Security Platform to Snowflake’s Government & Education Data Cloud

Businesswire | June 08, 2023

Immuta, a leader in data security, today announced the launch of its data security platform as a pre-built integration for the Government & Education Data Cloud, launched by Snowflake, the Data Cloud company. The launch of the Government & Education Data Cloud unites Snowflake’s data platform, Snowflake and partner-delivered solutions, and industry-specific datasets to empower educational institutions and public sector agencies at the federal, state, and local levels to spend more time on what matters most: caring for citizens and students. The Snowflake Government & Education Data Cloud makes it possible for government and education institutions to address industry challenges by enabling intra- and cross-agency data sharing and collaboration, establishing 360° views of their stakeholders, monitoring for fraud, waste, and abuse, and leveraging an industry-leading network of public sector partners. “We are looking forward to working with Immuta to improve citizen and student outcomes by giving customers fast, safe, and trusted access to critical education and public sector data,” said Jeff Frazier, Global Head of Public Sector at Snowflake. “Our continued partnership with Immuta will help organizations leverage the data they need to drive meaningful change in their communities.” Within the Government & Education Data Cloud, customers can access industry-specific solutions built by Snowflake’s ecosystem of public sector and education partners to leverage best practices, reduce time-to-value, and increase overall impact. The Immuta Data Security Platform enables joint customers to protect their data on Snowflake’s Government & Education Data Cloud by providing them with automated data discovery and classification, scalable data access controls, dynamic data masking, auditing and reporting, and risk detection indicators. With Immuta and Snowflake, government agencies and educational institutions can securely share data with third parties to effectively collaborate and fully derive value from data in their possession to improve citizen and student outcomes, all while meeting security and compliance standards. “We’re excited to be a launch partner for Snowflake’s Government & Education Data Cloud and have the opportunity to provide customers access to industry-specific solutions that will help them leverage best practices, reduce time-to-value, and increase overall impact,” said Chris Brown, Public Sector CTO, Immuta. “The partnership between Immuta and Snowflake will enable both government and education organizations to derive value and insights from their data, all while protecting it to better serve citizens and students.” Learn more about Snowflake’s Government & Education Data Cloud launch here and partner-tailored solutions for the industry here. Check out our blog to see how Immuta’s integration with the Snowflake Government & Education Data Cloud helps accelerate zero trust while unlocking data’s value. About Immuta Immuta enables organizations to unlock value from their cloud data by protecting it and providing secure access. The Immuta Data Security Platform provides sensitive data discovery, security and access control, data activity monitoring, and has deep integrations with the leading cloud data platforms. Immuta is now trusted by Fortune 500 companies and government agencies around the world to secure their data. Founded in 2015, Immuta is headquartered in Boston, MA. To learn more about Immuta, click here.

Read More

BIG DATA MANAGEMENT, BUSINESS STRATEGY, DATA SCIENCE

ArangoDB Boosts Performance and Usability Across Search, Graph, and Analytics with Release of ArangoDB 3.11

PRWeb | May 31, 2023

ArangoDB, the company behind the most complete graph data and analytics platform, today announced the GA release of ArangoDB 3.11 to accelerate its performance across search, graph, and analytics use cases. ArangoDB 3.11 includes performance improvements for ArangoSearch, ArangoDB’s natively-integrated full-text search and ranking engine, as well as new functionality to its web interface to simplify the database’s operations. “ArangoDB 3.11 is designed to take the capabilities of advanced search and analytics to new heights, while also introducing a wealth of new performance, usability, and operational improvements,” said Jörg Schad, PhD, CTO at ArangoDB. “With today’s release, ArangoDB runs even faster and is more intuitive to use, allowing our customers and community to continue to unlock insights that help them optimize decision-making and accelerate innovation.” New functionality in ArangoDB 3.11 includes: Faster query performance across search and graph: ArangoDB 3.11 brings new functionality to ArangoSearch that improves its performance. New column caching options allow for common values to be stored in memory, and a new Analyzer for GeoJSON data stores geo-spatial data more efficiently. In addition, reduced memory usage of in-memory edge indexes as well as index cache refilling accelerate graph traversal performance while consuming fewer resources. Improved user experience for database administration and management: With new features available in its web interface, even more of ArangoDB’s capabilities can be managed outside of the command line in a user-friendly graphical interface. The graph viewer for visualizing named graphs has received substantial improvements as well as new functionality. It has been reimplemented based on the vis.js library, the interface has been streamlined and rewritten to use the React framework, and overall performance has been improved. New features include the ability to search the visible graph to center a specific vertex, as well as by Start node. New functionality for ArangoSearch has also been added to ArangoDB’s web interface, including a search-alias View to create and manage search views, the ability to create inverted indexes on collections, as well as a new sorting mechanism and search box for Saved Queries to make it simpler to find relevant queries and discover which ones have been created or used recently. Data science and analytics operational enhancements: ArangoDB 3.11 offers persisted Pregel execution statistics to better assist data science and graph analytics use cases. Further features in ArangoDB 3.11 include parallel gather, write-write conflict improvements, various performance enhancements across AQL (the ArangoDB Query Language), new server options, and more. Packaging and availability ArangoDB 3.11 is available immediately. All new features are included in both the open source ArangoDB Community Edition and the commercial ArangoDB Enterprise Edition, except for column caching and the geo_s2 Analyzer, which are Enterprise only. ArangoDB 3.11 is available for download as a self-managed deployment here, as well as on ArangoGraph Insights Platform, ArangoDB’s managed service. About ArangoDB ArangoDB is the company behind ArangoGraph Insights Platform: a next-generation graph data and analytics platform that uncovers insights in data that are difficult or impossible with traditional SQL, document, or even other graph databases – making it easier to drive value from connected data, faster. ArangoGraph Insights Platform is the scalable backbone for graph analytics and complex data architectures for thousands of Fortune 500 enterprises and innovative startups across many different industries, including financial services, healthcare, and telecommunications. Founded in 2015 in Cologne, Germany, ArangoDB Inc. is a venture-backed, next-generation graph data and analytics company headquartered in San Francisco, California, with offices and employees worldwide. Learn more at http://www.arangodb.com.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Precisely Advances Leading Data Quality Portfolio, Providing Unparalleled Support to Customers on their Journey to Data Integrity

Businesswire | June 01, 2023

Precisely, the global leader in data integrity, today announced a series of innovations to its industry recognized data quality portfolio. The announcement underscores the company’s continued commitment to helping organizations on their path to data integrity - empowering data leaders and practitioners to better understand their data and ensure it is accurate, consistent, and contextualized for confident decision-making. Thousands of customers around the world rely on data quality solutions from Precisely for their best-in-class address validation and enrichment, sophisticated entity matching, financial reconciliation, and enforcement of data quality rules for their business. Integration with other Precisely solutions, including data governance, data observability, data integration, and data enrichment empowers customers to seamlessly address new use cases in their rapidly changing, data-driven world. With the latest product updates, Precisely has further enhanced capabilities in its well-known solutions, building upon decades of leadership in the data quality market: Precisely Spectrum Quality – now offers expanded capabilities for editing, visualizing, and interacting with graph data for use cases requiring a single view of critical data. It also supports the latest United States Postal Service (USPS) CASS™ Cycle O, allowing customers to benefit from improved address validation and matching to ensure accurate and efficient delivery of mail, and take advantage of reduced mailing costs. Starting in July, it will also provide the option to integrate Spectrum OnDemand directly with Precisely Property Graph – enabling users to understand the intricate relationships between addresses, parcel boundaries, building footprints and points of interest. Precisely Trillium – offers improved connectivity with double the number of supported data sources now available for Trillium Quality and Trillium Discovery customers. The updates enhance performance and enable data quality rules to be applied to data originating from sources such as Snowflake, Amazon Redshift, Google BigQuery, and SAP S/4HANA. Starting in July, support will also be available for USPS CASS™ Cycle O. Precisely Data360 – has been advanced with the option to integrate Data360 DQ+ with Spectrum OnDemand, allowing customers to validate emails and phone numbers, on top of being able to validate and geocode addresses using Spectrum’s well-known strengths. Several enhancements have also been made to Data360 Analyze to provide secure and easy access to Microsoft Azure Key Vault, and enable more efficient coding in Python. These new updates follow the recent announcement of the Precisely Data Integrity Suite’s new Data Quality service, which provides complementary benefits for users of Precisely data quality solutions including Spectrum Quality, Trillium Quality, Trillium Discovery, and Data360 DQ+. The new Data Quality service means customers can run data quality processes wherever data lives – including in the cloud. It also empowers them to harness additional value by seamlessly integrating with other Suite services, including Data Integration, Data Governance, Data Observability, and more. The announcement comes at a time when organizations are under more pressure than ever to execute on increasingly sophisticated data initiatives, requiring access to high levels of accurate, consistent, and contextualized data to achieve successful outcomes. In fact, new research1 from the Center for Business Analytics at Drexel University’s LeBow College of Business revealed data quality as the number one challenge for organizations (50%), as well as being the top priority (53%) for data leaders to address in 2023, with 66% of all respondents rating the quality of their organization’s data as average, low, or very low. “Advanced data programs ultimately rely on high-integrity data to achieve successful outcomes, and ensuring that your data is accurate, consistent, and contextualized is a critical step on the path to building that trust,” said Emily Washington, SVP – Product Management at Precisely. “We are proud to continue to evolve our unique blend of software, data, and strategic services to meet customers wherever they are on their data integrity journey and help them to stay agile in the dynamic market landscape.” Register for the new data quality webinar series to hear directly from Precisely product experts on how customers can take advantage of these latest updates. 1.2023 Data Integrity Trends & Insights Report, Center for Business Analytics at Drexel University’s LeBow College of Business in partnership with Precisely – full report coming June 2023 About Precisely Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.

Read More