Q&A with Alastair Speare-Cole, President of Insurance at QOMPLX

Media 7 | August 20, 2021

Alastair Speare-Cole, President and General Manager of the Insurance Division at QOMPLX, leads the overall strategy for the business unit, the development of QOMPLX’s underwriting-as-a-service platform, the management of the company’s Managing General Agent (MGA), as well as setting the direction for the company’s next-generation insurance decision platform that leverages a wide variety of data and advanced analytics to provide advanced risk and portfolio management solutions. Prior to joining QOMPLX, he served as Chief Underwriting Officer at Qatar, and he served as the CEO of JLT Towers from 2012 to 2015. He was also COO at Aon Re for ten years and has also held board appointments at reinsurance and banking subsidiaries in the United Kingdom.

Over the span of my career, I have seen this industry move from crude and manual deterministic models to stochastic models, SAAS actuarial tools, catastrophe modeling, and entity-level capital modeling.



MEDIA 7: Can you please tell us a little bit about yourself and your professional career?
ALASTAIR SPEARE-COLE:
I have spent much of my career involved in reinsurance where portfolios of risk are analyzed and traded. Over the span of my career, I have seen this industry move from crude and manual deterministic models to stochastic models, SAAS actuarial tools, catastrophe modeling, and entity-level capital modeling. And so, my career has shadowed this trajectory. Especially in the eighties, when I was involved in designing and building some of the early models.


M7: QOMPLX has recently partnered with COMBUS. What does this partnership bring to the table?
ASC:
I have long been a fan of COMBUS and Will Gardner, whom I have worked with in the past. The insurance industry has become reliant on too few dominant models. Models as we have seen in recent months over COVID-19 approximate reality but are always just that, an approximation. And it should be no surprise that their limitations show differences between what is predicted and what actually happens. One strategy to combat this is to have multiple ways of modeling the same thing. The insight gained from different views is key to developing a better understanding. The success of COMBUS and other independent modeling companies is vital to creating a diversity of views and our aim is to try to make them more easily accessible and integrable into insurers’ and reinsurers’ platforms.


Models as we have seen in recent months over COVID-19 approximate reality but are always just that, an approximation. And it should be no surprise that their limitations show differences between what is predicted and what actually happens.



M7: How do QOMPLX’s Insurance products help businesses overcome the problems in the insurance value chain?
ASC:
There has been an arms race going on within the insurance industry around gathering and using data for risk selection, risk pricing, and getting clients through the front door. Everyone wants faster insight and the ability to make faster decisions. Our concept is to provide people with a Lego kit of enterprise-grade software that will help them link everything together- from ingestion, organization, storage, and analysis for structured and unstructured data, co-integrated with insurance-specific workflow solutions built on a common underlying data fabric to delivering an edge in decision making, risk selection, and loss control.


M7: What are some of the challenges in risk management in the post-COVID-19 era?
ASC:
Business interruption has been an increasing concern for all risk managers, not just those who worry about the ‘just-in-time’ process and supply chain. COVID-19 has demonstrated that the business interruption coverage offered by insurers is often poorly constructed, not tailored to a world where intangible assets are as valuable as tangible and where there are some risks that are so systemic that only governments can cope with the accumulation of tail risk.


There has been an arms race going on within the insurance industry around gathering and using data for risk selection, risk pricing, and getting clients through the front door. Everyone wants faster insight and the ability to make faster decisions.



M7: What do you see as the future of InsurTech? How is QOMPLX contributing to its growth?
ASC:
There is a huge wave of investment in InsurTech. Whilst the ideas these startups encapsulate may inspire permanent evolution of insurance, as individual businesses many will fail. Tackling a small slice on an insured’s risk, however originally done, is not going to work if the results in insured having to buy dozens of niche products that still leave gaps. Insurers will not continue to support InsurTechs that cannot build scale and scaling means distribution which is expensive. And most InsurTechs like to build their own software when they could adapt off-the-shelf products. And this means that much of their seed money goes on this which is inessential, rather than distribution which is crucial. We are looking hard at ways of working with other partners to allow people who have a great idea to take it to market, rather than trying to build a standalone business which may saddle the idea with costs that it cannot afford.


M7: What is the best advice you’ve received?
ASC:
I think it is encapsulated by Kipling’s poem “If.”

ABOUT QOMPLX

QOMPLX helps organizations make intelligent business decisions and better manage risk through our advanced, proprietary risk cloud. We are the leaders at rapidly ingesting, transforming, and contextualizing large, complex, and disparate data sources through our cloud-native data factory in order to help organizations better quantify, model, and predict risk. Our specialized experts and technology solutions in cybersecurity, insurance, and finance power leading global corporations and mission-critical public sector agencies.

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 Matthew Parisi, Director of Product Marketing at Tealium

Media 7 | May 17, 2021

Matthew Parisi, Director of Product Marketing at Tealium is a cross-channel marketing leader championing a data-driven approach to marketing that has proven results across a broad range of industries, particularly SaaS. His expertise spans digital and traditional marketing channels including customer data management, email, CRM, SEO, SEM, social, display, events and more. He has also helped build many of the world's largest and most respected brands including Accenture, McKinsey, eMarketer, Chiquita, SAP, Microsoft, Sharp Healthcare, and Mercedes....

Read More

Q&A with Matt Amundson, VP of Marketing at Everstring

MEDIA 7 | November 14, 2019

Matt Amundson, VP of Marketing at EverString has over 10 years of sales and marketing experience. Matt has held roles in Demand Generation and Sales Development at TIBCO, Marketo, FGXI and Red Bull. His primary focus has been on creating processes that generate a consistent, pipeline. MEDIA 7: Could you tell us about your mantra “Go for the run”? MATT AMUNDSON: On December 29th of 2017, I decided to change my lifestyle habits and decided that I’m going to run a minimum of one mile every single day. So, every day since that day I’ve got up and ran. It’s been a seminal moment where my approach on life and work has changed dramatically. And as a result of that, it’s become a personal mantra, which is to not be afraid of where you might be today. If you’ve got some lofty goals or if you want to try something new, just get out there and give it a try and see what the results of it could be. On a personal level, whether you’re physically tired or don’t feel like doing it, just give it a shot and go for it. On a professional level, if it’s something that can benefit you or your brand give it a try, go for it and see what happens. M7: What is your favorite part about working at EverString? MA: I really love the people that I work with and I’ve been at the organization for about four and a half years. Some of the folks that I’ve worked with since the beginning are still here and it’s just been an awesome journey to be on with some incredible colleagues and that’s just on a personal level. On a professional level, I think we’re all solving a major problem that a lot of organizations are suffering from – which is related to data. As a marketer who has existed in the mar tech space for the broader part of my career, we often think of our process improvements and workflow improvements to gain more efficiency. Whether that’s marketing automation system or a cool new technology like conversational AI most people fall into two camps when it comes to data, either they’re just not conscious of data or they are. The data that they purchase or the data they acquire ultimately powers everything they do from a marketing perspective or they’re used to the status quo of current data providers that provide low quality of data and are sort of mired in the “well I guess that’s the way it is and that’s just the quality level that I have to deal with”. The fact that we’re changing that for some of the world’s biggest brands like Capital One, FedEx, Staples, Autodesk, Oracle as well as the smaller brands is really exciting to me. ...

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 Matthew Parisi, Director of Product Marketing at Tealium

Media 7 | May 17, 2021

Matthew Parisi, Director of Product Marketing at Tealium is a cross-channel marketing leader championing a data-driven approach to marketing that has proven results across a broad range of industries, particularly SaaS. His expertise spans digital and traditional marketing channels including customer data management, email, CRM, SEO, SEM, social, display, events and more. He has also helped build many of the world's largest and most respected brands including Accenture, McKinsey, eMarketer, Chiquita, SAP, Microsoft, Sharp Healthcare, and Mercedes....

Read More

Q&A with Matt Amundson, VP of Marketing at Everstring

MEDIA 7 | November 14, 2019

Matt Amundson, VP of Marketing at EverString has over 10 years of sales and marketing experience. Matt has held roles in Demand Generation and Sales Development at TIBCO, Marketo, FGXI and Red Bull. His primary focus has been on creating processes that generate a consistent, pipeline. MEDIA 7: Could you tell us about your mantra “Go for the run”? MATT AMUNDSON: On December 29th of 2017, I decided to change my lifestyle habits and decided that I’m going to run a minimum of one mile every single day. So, every day since that day I’ve got up and ran. It’s been a seminal moment where my approach on life and work has changed dramatically. And as a result of that, it’s become a personal mantra, which is to not be afraid of where you might be today. If you’ve got some lofty goals or if you want to try something new, just get out there and give it a try and see what the results of it could be. On a personal level, whether you’re physically tired or don’t feel like doing it, just give it a shot and go for it. On a professional level, if it’s something that can benefit you or your brand give it a try, go for it and see what happens. M7: What is your favorite part about working at EverString? MA: I really love the people that I work with and I’ve been at the organization for about four and a half years. Some of the folks that I’ve worked with since the beginning are still here and it’s just been an awesome journey to be on with some incredible colleagues and that’s just on a personal level. On a professional level, I think we’re all solving a major problem that a lot of organizations are suffering from – which is related to data. As a marketer who has existed in the mar tech space for the broader part of my career, we often think of our process improvements and workflow improvements to gain more efficiency. Whether that’s marketing automation system or a cool new technology like conversational AI most people fall into two camps when it comes to data, either they’re just not conscious of data or they are. The data that they purchase or the data they acquire ultimately powers everything they do from a marketing perspective or they’re used to the status quo of current data providers that provide low quality of data and are sort of mired in the “well I guess that’s the way it is and that’s just the quality level that I have to deal with”. The fact that we’re changing that for some of the world’s biggest brands like Capital One, FedEx, Staples, Autodesk, Oracle as well as the smaller brands is really exciting to me. ...

Read More

Related News

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

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Catalyst announces strategic investment from Databricks Ventures

Businesswire | May 29, 2023

Catalyst, the leading platform to drive growth through your customers, announced it has received a strategic investment from Databricks Ventures. This marks Databricks Ventures’ first investment in customer growth technology, showcasing their belief that customer intelligence data is essential for businesses to generate more revenue. “Catalyst is at the forefront of evangelizing customer-led growth and has seen firsthand the power and flexibility Databricks’ Lakehouse Platform offers for delivering value with data, analytics and AI,” said Chris Hecht, SVP, Corporate Development and Product Partnerships. “By leveraging Databricks platform for their product, and having a first class integration with the Lakehouse, Catalyst is demonstrating the power of both building on Databricks and unlocking the value of data with our mutual customers, an obvious opportunity for Databricks Ventures that we’re thrilled to support.” In addition to this investment, Catalyst will also deepen the product integration with Databricks. This will enable Catalyst customers to integrate directly with the data stored in their own Databricks Lakehouse to power the analytics offered by Catalyst. This simplifies the user experience and enables customers to get more value from their existing investments in Catalyst and Databricks. With Catalyst’s actionable workflows and UI powered by Databricks analytics, businesses will be able to unify customer data into one, comprehensive platform—driving stronger predictability and increasing net dollar retention. “In this economic environment, customers are the number one asset to protect, expand, and multiply through data-driven automations,” said Edward Chiu, CEO of Catalyst. “By combining Databricks’ advanced analytics with Catalyst’s enterprise integrations and powerful workflows, organizations will now be able to tackle the most critical revenue gap facing businesses today: proactive customer retention and expansion.” About Catalyst Catalyst is the leading platform to drive growth through your customers. Trusted by top revenue leaders at global B2B brands, Catalyst guides Sales and Success teams to turn customers into your number one engine for growth. For more information about Catalyst, visit catalyst.io or follow Catalyst on LinkedIn. About Databricks Ventures Databricks Ventures is the strategic investment arm of Databricks, the data and AI company. Databricks Ventures invests in innovative companies that align with our view of the future for data, analytics and AI; and are committed to extending the lakehouse ecosystem or using the lakehouse architecture to create the next generation of data and AI-powered companies.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Latest Couchbase Capella Release Features New Developer Platform Integrations and Greater Enterprise Features

Prnewswire | June 02, 2023

Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced a broad range of enhancements to its industry-leading Database-as-a-Service Couchbase Capella™. The newest release of Capella will be accessible by popular developer platform Netlify and features a new Visual Studio Code (VS Code) extension, making it easier for developers and development teams to build modern applications on Capella, streamline their workflows and increase productivity. Coinciding with National Cloud Database Day, Couchbase is also extending its enterprise deployability and introducing new features, allowing customers to move more applications to Capella with a lower TCO. "The reality is that developers don't want to spend their time operating and integrating separate primitives. Capella's new developer platform integrations aim to address this widespread issue, minimizing the developer experience gap and allowing teams to focus on what they do best — writing code and solving problems," said Rachel Stephens, senior analyst at RedMonk. Simplifying the Developer Experience With Netlify, VS Code and Capella Findings from Couchbase's recent developer survey reveal that the majority of developers (94.9%) are currently at or over their work capacity and are on the brink of or already feeling overwhelmed. To reduce this friction and help developers lower their number of operational tasks, Couchbase is extending Capella to more of the developer platform ecosystem that is highly favored by frontend and full stack developers. The new integration for Capella makes it easy for developers to connect to Netlify for more simplified and agile web application development. In addition, the new VS Code extension is designed to provide a seamless experience for Capella users who want to work within the popular source-code editor. These ecosystem enhancements are now available and reduce friction so that developers can focus on building innovative modern apps. "Netlify's platform unites an extensive ecosystem of technologies, services and APIs into one workflow to empower developers to build composable web experiences with the tools that best suit their needs. In this way, Netlify meets their users where they are, allowing them to embrace the composable web in a manner that respects their existing businesses, while also balancing flexibility and enterprise-grade reliability. I'm a strong believer that when the ecosystem wins, we all win. That's why we're so excited to deepen our ties with Couchbase to strengthen and diversify the ecosystem of tools developers are using to build the modern web," said Chris Bach, co-founder and chief strategy and creative officer at Netlify. Broader Enterprise Deployability and New Enterprise Features Couchbase is also broadening Capella's enterprise features and deployability so customers can move more applications to the cloud database platform. The new Capella enhancements deliver the following benefits: Support for time series data. A new time series array function in Couchbase's support for JSON will enable a broader set of use cases, such as IoT or finance apps. By using time series arrays, Couchbase is able to utilize all of its data access, processing and storage features including its patented array indexing and high-density storage engine. This approach will enable development teams to quickly and easily extend new features to their applications without adding complexity to their architecture or infrastructure, allowing them to be more agile and productive while driving cost efficiency. Extending deployability of Capella. Couchbase has added over 10 new supported regions across the three major cloud service providers and larger instance sizes. Capella is also available directly in each of their marketplaces. Capella adds support for memory-only buckets (ephemeral databases) for caching and transient data use cases. Security and compliance capabilities are enhanced through Google Cloud HIPAA compliance and with private endpoints for Azure. Enhanced management. Managing Capella is even easier now with the introduction of dynamic disk scaling, hibernation of clusters and the enabling of downloadable buckets. Also new is change data capture, which recognizes and automates change history on documents. This is then streamable via Kafka to other applications. These enhancements collectively position Capella as a single, comprehensive cloud database platform that offers broad multimodel support and in-memory performance — a powerful combination that lowers TCO for customers. "We continue to broaden the Capella capabilities and make it easier for new developers to come on board and take advantage of our industry-leading cloud database platform," said Scott Anderson, SVP of product management and business operations at Couchbase. "Development teams can get started with Capella more quickly and do more with our cloud database platform, improving efficiency and productivity. And for operations teams, Capella becomes even easier to deploy and manage while broadened enterprise capabilities handle more workloads at a fraction of the cost compared to other document-based DBaaS offerings." The new release of Capella will be generally available in the second quarter. Couchbase will host a webcast on June 7 and 8 to discuss what's new in Capella and how customers can benefit from the latest enhancements. Register here. About Couchbase Modern customer experiences need a flexible database platform that can power applications spanning from cloud to edge and everything in between. Couchbase's mission is to simplify how developers and architects develop, deploy and consume modern applications wherever they are. We have reimagined the database with our fast, flexible and affordable cloud database platform Capella, allowing organizations to quickly build applications that deliver premium experiences to their customers – all with best-in-class price performance. More than 30% of the Fortune 100 trust Couchbase to power their modern applications. For more information, visit www.couchbase.com and follow us on Twitter @couchbase. Couchbase®, the Couchbase logo and the names and marks associated with Couchbase's products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

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

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Catalyst announces strategic investment from Databricks Ventures

Businesswire | May 29, 2023

Catalyst, the leading platform to drive growth through your customers, announced it has received a strategic investment from Databricks Ventures. This marks Databricks Ventures’ first investment in customer growth technology, showcasing their belief that customer intelligence data is essential for businesses to generate more revenue. “Catalyst is at the forefront of evangelizing customer-led growth and has seen firsthand the power and flexibility Databricks’ Lakehouse Platform offers for delivering value with data, analytics and AI,” said Chris Hecht, SVP, Corporate Development and Product Partnerships. “By leveraging Databricks platform for their product, and having a first class integration with the Lakehouse, Catalyst is demonstrating the power of both building on Databricks and unlocking the value of data with our mutual customers, an obvious opportunity for Databricks Ventures that we’re thrilled to support.” In addition to this investment, Catalyst will also deepen the product integration with Databricks. This will enable Catalyst customers to integrate directly with the data stored in their own Databricks Lakehouse to power the analytics offered by Catalyst. This simplifies the user experience and enables customers to get more value from their existing investments in Catalyst and Databricks. With Catalyst’s actionable workflows and UI powered by Databricks analytics, businesses will be able to unify customer data into one, comprehensive platform—driving stronger predictability and increasing net dollar retention. “In this economic environment, customers are the number one asset to protect, expand, and multiply through data-driven automations,” said Edward Chiu, CEO of Catalyst. “By combining Databricks’ advanced analytics with Catalyst’s enterprise integrations and powerful workflows, organizations will now be able to tackle the most critical revenue gap facing businesses today: proactive customer retention and expansion.” About Catalyst Catalyst is the leading platform to drive growth through your customers. Trusted by top revenue leaders at global B2B brands, Catalyst guides Sales and Success teams to turn customers into your number one engine for growth. For more information about Catalyst, visit catalyst.io or follow Catalyst on LinkedIn. About Databricks Ventures Databricks Ventures is the strategic investment arm of Databricks, the data and AI company. Databricks Ventures invests in innovative companies that align with our view of the future for data, analytics and AI; and are committed to extending the lakehouse ecosystem or using the lakehouse architecture to create the next generation of data and AI-powered companies.

Read More

BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, DATA SCIENCE

Latest Couchbase Capella Release Features New Developer Platform Integrations and Greater Enterprise Features

Prnewswire | June 02, 2023

Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced a broad range of enhancements to its industry-leading Database-as-a-Service Couchbase Capella™. The newest release of Capella will be accessible by popular developer platform Netlify and features a new Visual Studio Code (VS Code) extension, making it easier for developers and development teams to build modern applications on Capella, streamline their workflows and increase productivity. Coinciding with National Cloud Database Day, Couchbase is also extending its enterprise deployability and introducing new features, allowing customers to move more applications to Capella with a lower TCO. "The reality is that developers don't want to spend their time operating and integrating separate primitives. Capella's new developer platform integrations aim to address this widespread issue, minimizing the developer experience gap and allowing teams to focus on what they do best — writing code and solving problems," said Rachel Stephens, senior analyst at RedMonk. Simplifying the Developer Experience With Netlify, VS Code and Capella Findings from Couchbase's recent developer survey reveal that the majority of developers (94.9%) are currently at or over their work capacity and are on the brink of or already feeling overwhelmed. To reduce this friction and help developers lower their number of operational tasks, Couchbase is extending Capella to more of the developer platform ecosystem that is highly favored by frontend and full stack developers. The new integration for Capella makes it easy for developers to connect to Netlify for more simplified and agile web application development. In addition, the new VS Code extension is designed to provide a seamless experience for Capella users who want to work within the popular source-code editor. These ecosystem enhancements are now available and reduce friction so that developers can focus on building innovative modern apps. "Netlify's platform unites an extensive ecosystem of technologies, services and APIs into one workflow to empower developers to build composable web experiences with the tools that best suit their needs. In this way, Netlify meets their users where they are, allowing them to embrace the composable web in a manner that respects their existing businesses, while also balancing flexibility and enterprise-grade reliability. I'm a strong believer that when the ecosystem wins, we all win. That's why we're so excited to deepen our ties with Couchbase to strengthen and diversify the ecosystem of tools developers are using to build the modern web," said Chris Bach, co-founder and chief strategy and creative officer at Netlify. Broader Enterprise Deployability and New Enterprise Features Couchbase is also broadening Capella's enterprise features and deployability so customers can move more applications to the cloud database platform. The new Capella enhancements deliver the following benefits: Support for time series data. A new time series array function in Couchbase's support for JSON will enable a broader set of use cases, such as IoT or finance apps. By using time series arrays, Couchbase is able to utilize all of its data access, processing and storage features including its patented array indexing and high-density storage engine. This approach will enable development teams to quickly and easily extend new features to their applications without adding complexity to their architecture or infrastructure, allowing them to be more agile and productive while driving cost efficiency. Extending deployability of Capella. Couchbase has added over 10 new supported regions across the three major cloud service providers and larger instance sizes. Capella is also available directly in each of their marketplaces. Capella adds support for memory-only buckets (ephemeral databases) for caching and transient data use cases. Security and compliance capabilities are enhanced through Google Cloud HIPAA compliance and with private endpoints for Azure. Enhanced management. Managing Capella is even easier now with the introduction of dynamic disk scaling, hibernation of clusters and the enabling of downloadable buckets. Also new is change data capture, which recognizes and automates change history on documents. This is then streamable via Kafka to other applications. These enhancements collectively position Capella as a single, comprehensive cloud database platform that offers broad multimodel support and in-memory performance — a powerful combination that lowers TCO for customers. "We continue to broaden the Capella capabilities and make it easier for new developers to come on board and take advantage of our industry-leading cloud database platform," said Scott Anderson, SVP of product management and business operations at Couchbase. "Development teams can get started with Capella more quickly and do more with our cloud database platform, improving efficiency and productivity. And for operations teams, Capella becomes even easier to deploy and manage while broadened enterprise capabilities handle more workloads at a fraction of the cost compared to other document-based DBaaS offerings." The new release of Capella will be generally available in the second quarter. Couchbase will host a webcast on June 7 and 8 to discuss what's new in Capella and how customers can benefit from the latest enhancements. Register here. About Couchbase Modern customer experiences need a flexible database platform that can power applications spanning from cloud to edge and everything in between. Couchbase's mission is to simplify how developers and architects develop, deploy and consume modern applications wherever they are. We have reimagined the database with our fast, flexible and affordable cloud database platform Capella, allowing organizations to quickly build applications that deliver premium experiences to their customers – all with best-in-class price performance. More than 30% of the Fortune 100 trust Couchbase to power their modern applications. For more information, visit www.couchbase.com and follow us on Twitter @couchbase. Couchbase®, the Couchbase logo and the names and marks associated with Couchbase's products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

Read More

Spotlight

QOMPLX

QOMPLX helps organizations make intelligent business decisions and better manage risk through our advanced, proprietary risk cloud. We are the leaders at rapidly ingesting, transforming, and contextualizing large, complex, and disparate data sources through our cloud-native data factory in order to ...

Events

Resources