BIG DATA MANAGEMENT

Cboe Global Markets to Migrate Corporate Data and Analytics Platform to Snowflake Data Cloud

Cboe Global Markets, Inc | July 29, 2022 | Read time : 03:00 min

Cboe Global Markets, Inc
Cboe Global Markets, Inc., a leading provider of global market infrastructure and tradable products, today announced it is leveraging Snowflake, the Data Cloud company, to migrate its corporate data and analytics from on-premises systems to the cloud. The adoption of Snowflake's Data Cloud will help transform Cboe's data and analytics infrastructure into a modern cloud architecture, bringing speed, scalability, and efficiency to the company's handling of its internal, proprietary data and analytics. 

The flexible and highly scalable Snowflake Data Cloud platform, which can operate across different infrastructure cloud providers and regions as a single cloud, will help enable Cboe to employ additional tools to its existing data sets, expanding the way it aggregates and mines its data. Ultimately, this is expected to improve Cboe's capabilities in the ways it can analyze data, and derive rapid analytics to provide intelligence both internally and for customers. 

"Cboe will leverage Snowflake to accelerate our cloud migration journey and modernize how we manage and utilize our proprietary corporate data and analytics for our benefit and that of our customers," said Eileen Smith, Senior Vice President, Data and Analytics, Cboe Global Markets. "Snowflake offers a highly flexible and scalable Data Cloud platform that will enable our teams to handle increasing amounts of data with greater speed and efficiency, improving our capabilities for managing, mining, and analyzing that data internally across our global business and sharing those insights with our customers. We look forward to the many expected benefits that Snowflake will provide." 

Cboe also plans to utilize Snowflake as a security data lake to unify data for efficient detection and response and other cybersecurity use cases. Additionally, the migration to Snowflake's Data Cloud creates the opportunity for Cboe to potentially create new data products and services, while expanding data access for market participants through Snowflake's cloud capabilities and unique distribution channels, such as Snowflake's Secure Data Sharing.

"The successful financial services companies of tomorrow know that they need to provide a seamless data experience. "The work Cboe is doing to modernize their data and analytics infrastructure and deliver faster, better insights to their internal teams and clients is a model for how the financial services industry must modernize, deliver on a more customer-centric model of operation and take advantage of the data monetization opportunities that exist in financial services."

Rinesh Patel, Global Industry GTM Lead, Financial Services, Snowflake

Cboe continues to move toward more cloud-based solutions and the engagement with Snowflake is part of its ongoing global cloud strategy. 

In November 2021, in a separate initiative, Cboe launched Cboe Global Cloud, a new real-time, cloud-based market data streaming service that aims to optimize the efficiency and delivery of Cboe's data services for market participants globally. Cboe Global Cloud is designed to enable customers to directly access real-time Cboe data from multiple locations around the world with as little as an internet connection. In addition, Cboe Global Cloud helps bring Cboe's wide array of real-time data products together onto a unified platform, providing customers a simple and efficient way to receive a variety of real-time data via a single access point. For more information, visit the Cboe Global Cloud website.

About Cboe Global Markets, Inc
Cboe Global Markets , a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Privacera Expands Data Governance Capabilities for Cloud Data Lakes with Native Aws Lake Formation Integration

Privacera | September 12, 2022

Privacera, the unified data access governance leader founded by the creators of Apache Ranger™, today announced the availability of its AWS Lake Formation integration in private preview, which offers complete data governance automation and fine-grained data access for AWS services including Amazon S3, Amazon Redshift and Amazon RDS. Privacera helps enterprise data teams protect sensitive data and enable privacy across all on-premise, hybrid and multi-cloud data sources while reducing time to insights by automating outdated, manual governance processes. Privacera is expanding its support and native integration for diverse AWS environments with the new AWS Lake Formation integration to simplify data access governance for complex and heterogeneous data lake and data mesh environments by extending Lake Formation enforcement to third-party services like Databricks, enabling additional governance use-cases. With this new integration, organizations will be able to accelerate their migration to the cloud by leveraging Privacera to securely manage data access policies within a single governance platform across diverse on-premise and cloud data sources. This will significantly reduce the efforts around data migrations to the cloud through increased automation and consistent policy management, and the ability to ensure compliance through an open, consistent and proven standard. "Organizations operate in diverse data ecosystems, and it's becoming increasingly challenging to not only manage the data from a governance perspective, but ensure that organizations are gleaning timely insights securely through appropriate access controls and automation, and that's why Privacera exists," said Privacera CEO Balaji Ganesan. "As an AWS partner, expanding our capabilities with this new integration allows us to deliver a solution that leverages the strengths of both Privacera and AWS Lake Formation, helping organizations with a secure and simple approach to data access while delivering business value." The latest integration will give users: A unified data governance strategy including your lake formation data assets AWS Lake Formation policy enforcement extended to popular data analytics systems like Databricks An intuitive and easy-to-use interface to build data access policies on top of AWS Lake Formation Financial services company Sun Life uses Privacera to accelerate AWS migration and unify data access governance and compliance. "Because Apache Ranger is critical to the success of our entire analytics platform, so is Privacera as it allows us to capitalize on existing technology and deliver critical data to our analytic teams quicker," said a Director of Cloud Infrastructure & Operations at Sun Life. "Our goal was to get our data into a data lake as quickly as possible and then apply access rules so approved Sun Life professionals can actually use the data to generate important insights. Requests that used to take three to four weeks to program can now be reacted to in less than two days." About Privacera Founded in 2016 by the creators of Apache Ranger™, Privacera's SaaS-based data security and governance platform enables analytics teams to simplify data access, security, and privacy for data applications and analytical workloads. The Privacera platform supports compliance with regulations such as GDPR, CCPA, LGPD, and HIPAA. Privacera provides a unified view and control for securing sensitive data across multiple cloud services such as AWS, Azure, Databricks, GCP, Snowflake, and Starburst. The Privacera platform is utilized by Fortune 500 customers across finance, insurance, life sciences, retail, media, and consumer industries, as well as government agencies to automate sensitive data discovery, mask sensitive data, and manage high-fidelity policies at petabyte scale on-premises and in the cloud.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Dynatrace Extends Grail to Power Business Analytics with Speed and Precision

Dynatrace | November 16, 2022

Software intelligence company Dynatrace announced today that it is extending its Grail™ causational data lakehouse to power business analytics. As a result, the Dynatrace® platform can instantly capture business data from first and third-party applications at a massive scale without requiring engineering resources or code changes. It prioritizes business data separately from observability data and stores, processes, and analyzes this data while retaining the context of the complex cloud environments where it originated. Dynatrace designed these enhancements to enable business and IT teams to drive accurate, reliable, cost-effective automation and conduct efficient ad hoc analytics covering a wide range of business processes. Examples include order fulfillment and bill payments, service activation and customer onboarding workflows, and the impact on revenue from new digital services. Today’s announcement builds on capabilities that Dynatrace launched in October 2022, leveraging Grail to power log analytics and management. The company expects to continue to extend Grail to power additional development, security, IT, and business solutions. Organizations depend on digital services to drive revenue, customer satisfaction, and competitive differentiation. To optimize these services and user experiences, business and IT teams increasingly rely on insights from various business data, including application usage, conversion rates, and inventory returns. Yet, traditional business intelligence tools lack the speed, scale, flexibility, and granularity required to deliver insights about services built on complex cloud architectures. In fact, according to a study from Deloitte, two-thirds of organizations are not comfortable accessing or using data from their business intelligence tools. Business analytics in modern cloud environments requires a new approach. “Dynatrace gives us valuable insight into the business impact of our applications’ performance and enables our teams to proactively solve problems, deliver better customer experiences, and drive more value for our organization,” said Stephen Evans, Head of Quality, Monitoring, SRE/DevOps Technology at PVH. “This enhanced capability to access and store all of our business data provides the scalability our business needs. It also frees our teams from the constraints of sifting through data to determine what is valuable and what should be stored. Dynatrace’s unique ability to analyze all this data and deliver precise and contextualized answers in real time enables us to improve our digital landscape.” “To drive digital transformation at scale, organizations need trustworthy and real-time insights from their business data. Existing solutions often rely on stale data, fail to deliver precise answers in IT-context, and require manual maintenance and coding from engineers. “The Grail causational data lakehouse uniquely positions the Dynatrace platform to overcome these hurdles. By elevating the priority of business data to ensure it arrives unsampled and with lossless precision, even from third-party applications where developers are not accessible, business and IT teams using the Dynatrace platform can now easily access valuable business insights on demand. This has the capability to unlock nearly unlimited business analytics use cases, allowing our customers to instantly answer their most challenging questions with accuracy, clarity, and speed.” Bernd Greifeneder, Founder and Chief Technical Officer at Dynatrace About Dynatrace Dynatrace exists to make the world’s software work perfectly. Our unified software intelligence platform combines broad and deep observability and continuous runtime application security with the most advanced AIOps to provide answers and intelligent automation from data at an enormous scale. This enables innovators to modernize and automate cloud operations, deliver software faster and more securely, and ensure flawless digital experiences. That’s why the world’s largest organizations trust the Dynatrace® platform to accelerate digital transformation.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, BUSINESS STRATEGY

Anonos Acquires Award-Winning Synthetic Data Company Statice

Anonos | November 02, 2022

Anonos, provider of the only technology that protects data in use with 100% accuracy, today announced the acquisition of Berlin-based Statice GmbH, a synthetic data software provider. With the addition of the Statice solution, which generates new privacy-preserving data points that reflect the statistical properties of the original data, Anonos expands its ability to provide a comprehensive platform that powers speed to data insights for use cases while enhancing the protection and utilization of data. The Statice synthetic data technology will be integrated with the Anonos Data Embassy platform and available later this quarter. This acquisition follows Anonos’ recent announcement of $50 million in new growth financing backed by its intellectual property portfolio, facilitated by Aon and led by GT Investment Partners (“Ghost Tree Partners”). Statice was recently honored with the Handelsblatt Diamond Award in the best innovation in banking and fintech category, named in Gartner “Emerging Tech: Top Use Cases for Tabular Synthetic Data, September 2022,” and recognized in two 2022 Gartner Hype Cycle™ reports: Artificial Intelligence and Data Science and Machine Learning (ML). As noted in the latter report, Gartner predicts an increase in synthetic data adoption and growing buyers' interest across all industries notably due to the multiple benefits of the technology, for example, how synthetic data can "reduce cost and save time in ML development as it is cheaper and faster to obtain." The same report mentions that "synthetic data applications have expanded beyond automotive and computer vision use cases to include data monetization, external analytics support, platform evaluation and the development of test data." “Statice and Anonos share the goal of helping enterprises use more of their data assets, minus the usual conflicts and compromises. “Now organizations have the benefits of high-privacy, high-utility statutory pseudonymization combined with those of a proven synthetic data product for granular control throughout the data lifecycle.” Anonos Co-CEO and President Ted Myerson Enterprises have the option of using synthetic data whenever possible, and then combining it with Anonos’ non-identifiable yet 100% accurate Variant Twins® when there are privacy variables and risks – for example, to ensure compliance with Schrems II and the U.S. CLOUD Act for compliant data transfers across international borders. “From non-production use cases to full-production processing, more data control, privacy and accuracy aren’t just possibilities but actual realities,” Myerson added. Anonos was named as a Cool Vendor by Gartner because of its Variant Twin technology and recognized in August for data security as a service in the “Gartner Hype Cycle for Data Security, 2022.” Data Embassy delinks data from both direct and indirect identifiers to obscure identity while enabling organizations to use more of their data for lawful analytics, artificial intelligence, machine learning, data sharing and data transfer. It works by transforming source data into statutorily pseudonymized and 100% accurate Variant Twins authorized for specific purposes. They are embedded with multi-level data privacy and security controls that are technologically enforced, so they can travel anywhere. Controlled relinking to the original data accelerates speed to insights, but that process can only occur with the addition of other data held separately by the data controller or an authorized party. Statice’s co-founders Omar Ali Fdal and Mikhail Dyakov join the Anonos leadership team, and all 23 Statice employees become Anonos employees for a total of 65, with a majority located in Europe. “We are thrilled to join Anonos to accelerate the development of an entire range of modern data protection solutions, helping organizations across industries be more confident in data privacy and security so they can gain more business value from their data,” said Omar Ali Fdal, co-founder of Statice. “Our visions and strengths are aligned in de-risking data so our customers can responsibly pursue data-driven initiatives to accomplish their business goals.” “We recognized the great potential of privacy-enhancing technologies in the market early on. Especially in Germany and Europe, data protection law is strict, privacy concerns are manifold and our clients, as well as their customers' demand for the protection of private data is very high. PwC incubated the capabilities of Statice’s synthetic data solution to support internal operations and external advisory requirements. Statice’s vision for data agility combined with privacy reliability changed how we drive digital transformation for our clients, and we are convinced that such technologies are poised to have a wide impact on global enterprise data strategies,” said Marcus Hartmann, Chief Data Officer at PwC Germany and PwC Europe. Now, it's time to take the next step to industrialize the solutions. “The resulting joint capabilities of Statice with Anonos will offer privacy protection across the entire spectrum of data operations. That combination of privacy-enhancing techniques opens new possibilities for our clients in using more of their sensitive data to fuel innovation and modernization while eliminating the potential for data misuse.” The terms of the transaction will not be disclosed. PwC is no longer a stockholder of Statice; Anonos is now the 100% stockholder of Statice. About Anonos Anonos is a global software company that provides the only technology capable of protecting data in use with 100% accuracy, even in untrusted environments, making otherwise restricted assets accessible to expand and expedite data-driven initiatives. Its patented Data Embassy platform transforms source data into Variant Twins: non-identifiable yet 100% accurate data assets for specific use cases. Because multi-level data privacy and security controls are embedded into the data and technologically enforced, Variant Twins can travel anywhere – across departments, outside the enterprise, or around the globe. Therefore, data protection teams and data users can collaborate to advance projects for capturing valuable insights without compromising privacy, security, accuracy or speed. Anonos. Data without the drama. About Statice Statice develops state-of-the-art data privacy technology that helps companies double-down on data-driven innovation while safeguarding the privacy of individuals. Thanks to the privacy guarantees of the Statice data anonymization software, companies generate privacy-preserving synthetic data compliant for any type of data integration, processing and dissemination. With Statice, enterprises from the financial, insurance and healthcare industries can drive data agility and unlock the creation of value along their data lifecycle. Safely train machine learning models, finally process your data in the cloud, or easily share it with partners.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Semarchy Empowers Red Wing Shoes with Unified Platform for Master Data Management and Governance

Semarchy | October 11, 2022

Semarchy, a leader in data integration and master data management, was selected by Red Wing Shoes to develop a central data hub to manage customer data generated from the explosive growth of the company’s e-commerce sales. Leveraging Semarchy’s unified data platform, Red Wing Shoes will deliver on its customer-centric retail strategy by creating a 360° view to enable its divisions to improve their customer knowledge across all departments. “Semarchy is honored to be selected as the data partner of choice by Red Wing Shoes, whose service and quality are unmatched in its industry. “Red Wing Shoes’ commitment to its customers is in perfect alignment with Semarchy’s commitment to customer success. We are excited to equip this outstanding brand with a data platform equal in caliber to their products and reputation.” TH Herbert, CEO of Semarchy Red Wing Shoes approached Semarchy with challenges including data quality, data visibility, data management, and reporting and analytics. Other business drivers included developing data strategy, minimizing administrative and overhead costs, and establishing a “golden record” for customers before implementing new POS and e-commerce platforms. After reviewing multiple companies, Red Wing Shoes chose Semarchy for its flexibility, expertise, and unified data platform as well as cultural fit. When Red Wing Shoes started their data journey, the first asset they aimed to master was their customer data across all their platforms for a complete view of customers across North America and Europe. One of their greatest challenges was ensuring the company understood who their customer was well enough to market to and service them effectively. With more than 9 million individual records, Red Wing Shoes needed a tool to allow the company to intelligently connect all transactions to the right customer. “With our old systems, if you had a customer that bought shoes in three different stores and online, they would look like four different $300 customers to us, instead of one $1,200 customer,” said Jay Wardle, director, enterprise data at Red Wing Shoe Company. “With Semarchy, we solved our data quality and master data management issues with one system. Now our customer data contains a single golden record for everyone, making it easy for marketing, sales, and customer service to see the data in real-time.” Leveraging Semarchy’s unified data platform, Red Wing’s business units are now empowered with the right data to be proactive with marketing and customer support to serve their customers’ needs with real-time, accurate data. Now that the company has achieved one ‘golden record’ per customer, the marketing department is able to market to customers based on their level of engagement, purchase history, and locations to establish data-driven marketing campaigns, for example, and other departments can derive similar benefits. “We are delighted that Semarchy was able to fulfill the data needs of Red Wing Shoes’ various departments and to enhance the customer experience overall,” said Brett Hansen, chief growth officer at Semarchy. “It is a joy to see how Semarchy’s unified data platform can transform a great brand into a data-driven powerhouse equipped for maximum responsiveness to customer demands and marketing opportunities.” Red Wing Shoes continues to work with Semarchy on innovating new ways to leverage the unified data platform to reduce business complexity and increase efficiencies for their global business; including additional marketing projects, establishing a new POS and e-commerce system with clean data, and improving customer data for their wholesale/industrial customer B2B2C segments. About Semarchy Semarchy, a leader in the data integration and master data management markets, enables organizations to rapidly generate business value from their data. Its unified platform enables organizations of any size to quickly discover, govern, manage, integrate and visualize critical information scattered across applications. Semarchy is available as an on-premises platform and is natively available on popular cloud marketplaces such as Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Platform (GCP). Semarchy is also managed as a service and supported by a rich ecosystem of software-as-a service and professional service partners. Semarchy is based in Phoenix, USA, with offices in London, UK, Lyon, France, and Mexico City, Mexico.

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DID YOU KNOW? In 2016, individuals donated $282 billion dollars! If you're feeling left out, it's time to jumpstart your fundraising program by gathering data-driven intelligence on donors and prospects. Here’s What Fundraising Intelligence Looks Like. SCREEN to identify and research prospects with the greatest major gift potential. SCORE major gift prospects according to philanthropy, affinity, and wealth indicators. Do they have a history of giving? Do they have a connection to your cause? Do they have enough wealth to contribute a major gift.

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