BIG DATA MANAGEMENT

Denodo Recognized as an Enterprise Data Fabric Leader by Independent Analyst Firm Evaluation

Denodo | June 27, 2022

Denodo
Denodo, a leader in data management, today announced that Forrester Research, Inc., a leading independent technology and market research company, has positioned Denodo as a Leader in The Forrester Wave™: Enterprise Data Fabric, Q2 2022. According to the report, “Denodo is best fit for customers that are focusing on an enterprise-wide data fabric strategy to support BI, data collaboration, customer intelligence, data engineering, data science, IoT analytics, operational insights, and predictive analytics use cases.”

The complete and complementary report, published on June 23, is available here.

The Wave revealed that organizations want real-time, consistent, connected, and trusted data to support their critical business operations and insights. However, new data sources, slow data movement between platforms, rigid data transformation workflows, and governance rules, expanding data volume, and distributed data across clouds and on-premises, can cause organizations to fail when executing their data strategy.

Forrester VP, Principal Analyst and author of the report, Noel Yuhanna wrote, “Denodo Technologies has been a longtime player in data virtualization and now supports data fabric with expanded integration, management, and delivery capabilities to support self-service BI, advanced analytics, and enterprise data services.”

With some of the best in class and latest innovations, Denodo Platform offers:

  • An augmented data catalog to facilitate data exploration, discovery, improved collaboration and data governance.
  • Active metadata-based historical analysis, which serves as the foundation for AI processes.
  • A semantic layer with extended metadata to enrich traditional technical information with business terms, tags, status, or documentation, to fuel improvements in self-service, security, and governance across all data assets.
  • AI-based recommendations to learn from usage and simplify the entire lifecycle of the data management practice, including development, operations, performance tuning, etc.
  • DataOps and multi-cloud provisioning to reduce management and operational cost and enable the system to be cloud-vendor agnostic.

“We are thrilled to see our position as a leader in the Forrester Wave for Enterprise Data Fabric. “Most of our customers, including many Fortune 500, use our platform to build their enterprise data fabric for use cases such as IoT analytics, customer intelligence, fraud detection, real-time analytics, operational insights and many more, which are all areas where Denodo received the maximum score possible. We are looking forward to continuing to help organizations across the world unleash their data-driven decision making power to create an enterprise level logical data fabric.”

Ravi Shankar, Senior Vice President and Chief Marketing Officer at Denodo

About Denodo
Denodo is a leader in data management. The award-winning Denodo Platform is the leading data integration, management, and delivery platform using a logical approach to enable self-service BI, data science, hybrid/multi-cloud data integration, and enterprise data services. Realizing more than 400% ROI and millions of dollars in benefits, Denodo’s customers across large enterprises and mid-market companies in 30+ industries have received payback in less than 6 months.

Spotlight

We often get questions from people who are new to big data about the reasons for virtualizing these newer infrastructures and applications. People are also interested in knowing the benefits you can gain from doing so. This video provides a set of answers to those questions. Summarizing the main points discussed in the video, the benefits you get when you decide to virtualize your big data infrastructure are.


Other News
BIG DATA MANAGEMENT

Dynamo Software Enhances Data Automation for Private Investment Industry by Acquiring Smonik Systems

Dynamo Software | August 02, 2022

Dynamo Software, Inc., a market-leading provider of end-to-end cloud software solutions for the alternative investment management industry, announced today its acquisition of Smonik Systems, a leader in data management. Smonik provides cutting-edge software that closes the gap for Limited Partners (LPs) to process both structured and unstructured data. Dynamo will enhance its world-class platform with Smonik’s automated products for data collection, extraction, validation, and reconciliation. “As the financial markets undergo further stress, Dynamo has calibrated its business to provide robust, best-in-class software for alternative asset managers and institutional investors. “At Dynamo, we have built our stack to do the heavy lifting – removing several repetitive and manual processes with configurable dashboards, workflows, and reports. Augmenting our business with Smonik’s proprietary data management and reconciliation software will further fuel our mission of being the leading global, end-to-end software platform for the alternative investments ecosystem. We are excited to welcome their impressive team to the Dynamo family.” Dynamo’s CEO Hank Boughner The Smonik acquisition, combined with the Dynamo Data Automation (DDA) software, underscores Dynamo’s steadfast commitment to focus on removing labor-intensive processes, especially those around data extraction and validation. Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets. “Ultimately, the combined power of Dynamo and Smonik is unprecedented,” said Sethu Bijumalla, CEO and Co-Founder of Smonik Systems. “By joining Dynamo, a company backed by Blackstone and Francisco Partners, we are excited by the additional resources and support to further extend Smonik’s value to private investment clients. Additionally, our two companies are built on a culture of excellence, with seasoned professionals who are fueling high-growth, innovative software that simultaneously empowers clients to increase efficiency, reduce cost, and minimize operational risk.” “This is truly a win-win for both Dynamo and Smonik’s current and prospective clients,” added Stephen Hixon, principal and co-owner of Smonik. “Dynamo is leading this industry’s race in delivering compelling end-to-end software, and now, with Smonik, the company is further cementing its leadership in data automation for LPs. We are proud to be a part of the next chapter in Dynamo’s story.” Both Dynamo and Smonik are headquartered in the Boston, MA area, allowing the operations, sales, marketing, and product innovation teams to work closely together to ensure a seamless integration. About Smonik Systems, LLC. Smonik Systems, now a Dynamo brand, provides data management and reconciliation services to the financial services industry. Using its extensive background in investment operations, Smonik prides itself in developing tools to automate back-office manual processes. The proprietary, best-in-class software delivered by Smonik focuses on automating the entire data management workflow. This includes the collection, extraction, transformation, reconciliation, and integration of both structured and unstructured data. About Dynamo Software, Inc. Dynamo Software’s mission is to be the leading global, end-to-end cloud software platform for the alternatives ecosystem, serving the information sharing and analytical data needs of our constituents. Since 1998, the company has been providing industry-tailored, highly-configurable investment management, reporting, and data management cloud software solutions to the global alternative investment industry. Dynamo’s cloud-based solutions serve the private investment landscape including private equity and venture capital funds, real estate investment firms, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, family offices, and fund administrators. The Dynamo™ platform has improved productivity across the alternatives ecosystem, including CRM, fundraising, deal management, research management, investor servicing, portfolio management, and compliance teams worldwide. Dynamo has a global footprint with operations across North America, EMEA, and APAC.

Read More

BUSINESS INTELLIGENCE

Near to Expand Data Intelligence Platform with New Offering for Instant Human Movement and Consumer Behavior Insights

Near | May 24, 2022

Near Intelligence Holdings Inc. , a global SaaS leader in privacy-led data intelligence on people, places and products, today announced the upcoming launch of Near Pinnacle, an extension of the platform, that provides instant human movement insights in an intuitive visual user interface ("UI"). Near Pinnacle supports data-driven decision-making by enabling customers at all skill levels to better understand places and consumer behavior. The Company's latest and most accessible module to date, will unlock real value to help enterprises of all sizes monitor the competition, profile visitors, define trade areas and sharpen marketing campaigns. Near Pinnacle will be generally available in early Q3 of 2022 in the U.S., Canada, Australia, and New Zealand with global expansion planned for later this year. Near Pinnacle is the next generation built on the features of Vista, making its powerful data analysis tools accessible in a transformative design-led interface, available for anyone with a browser. Near Pinnacle makes the Near Data Intelligence Platform's powerful global data sets and place-based-data insights easy to access, understand, share, and drive actionable business decisions. These powerful new features provide meaningful insights into the real-world behaviors of their own customers, and those of competitors, with a privacy-forward approach. "As EVO continues our national expansion, it's critical for us to understand consumer behavior so we can make informed decisions about where to open new locations, and get operational intelligence in our existing locations. We are very excited about Near Pinnacle, and while we are early in the process, we are excited to get started and get consumer insights instantaneously from the Pinnacle product," said Mitch Roberts, CEO at EVO Entertainment Group. In this period of rapid change and growth for businesses, keeping up with digital and physical consumer trends is both more challenging and more critical than ever. With Near Pinnacle's intuitive UI, any enterprise customer, not just data analysts, will take the pulse of consumer behavior with real-time insights. Shopping, dining, and visitation trends are accessible automatically in customizable interactive charts for visits over time, dwell times, and visitor origin points. For companies with international expansion in mind, Near Pinnacle will allow near real-time exporting of data from places anywhere in the world. With this new offering, enterprise customers can gain a lead on their competition by monitoring not only their own physical locations but deep-diving into competitors by leveraging persistent IDs. The interface will allow users to deep dive into a single store location and compare up to five locations, understand consumer location and habits, as well as review neighborhood-level trend data to assess the viability of new store launches and up-and-coming areas. "Near Pinnacle gives you a level of granularity that you don't get with other consumer profile data sources. Harnessing the power of Pinnacle, I now know exactly where my client's customers are traveling to understand their retail preference. Other platforms offer basic pathing or visitation data, but they lack insight into who's walking in the door. Pinnacle offers that next layer of data," said Matt Glaeser, SVP of Digital Media & Data Insights at Palisades Media Group. Built on top of Near's Data Intelligence Platform of 1.6 billion unique user IDs and global data, Pinnacle, will offer depth and breadth of data analysis. Enterprises will be able to peek backward in time to leverage historical data, to understand how previous evolving trends affected footfall for themselves and competitors. The new offering's persistent identifiers enriched with personal attributes and easy-to-use tools make it a powerful platform for the entire enterprise team. The intuitive graphical UI no longer silos information with data analysts. Near Pinnacle makes everyone a data-driven leader and allows critical information to be easily shared and understood by the whole team, making data-driven decision-making a breeze. "Near Pinnacle represents a great accomplishment for our global team in making data accessible through real-time access and powerful consumer insights you can use immediately. With the Near Data Intelligence Platform, our customers will gain a competitive advantage and improved decision-making across multiple departments with a unified, high-quality source of consumer behavior insights." Kerry Pearce, Global Vice President of Product Marketing at Near In addition to human movement and consumer behavior insights, Near provides users a way to act on intel, build audiences, run ads, and measure results. The company also delivers one of the world's largest dataset on consumer behavior in the real-world and is driven and protected by a privacy-led-approach. The company's intense focus on privacy and compliance means that customers can focus on using the data and running their business, with the assurance that Near as a trusted partner covers data provenance and governance. About Near Near, a global SaaS leader in privacy-led data intelligence, curates one of the world's largest source of intelligence on people, places, and products. Near processes data from over 1.6 billion unique user IDs, in 70M+ places across 44 countries to empower marketing and operational data leaders to confidently reach, understand, and market to consumers and optimize their business results. With offices in Los Angeles, Silicon Valley, Paris, Bangalore, Singapore, Sydney and Tokyo, Near serves major enterprises in retail, real estate, restaurants, tourism, technology, marketing, and other industries.

Read More

BIG DATA MANAGEMENT

Factored Partners With dbt Labs to Strengthen Data Analytics Workflows and Generate Informative Insights

Factored | June 30, 2022

Factored, a leader in data-centric AI helping tech unicorns and high-profile tech companies to build high-caliber data engineering, machine learning and data analytics teams, announced today that it has partnered with dbt Labs. The collaboration with this pioneer of analytics engineering will drive business value for Factored clients by allowing them to transform and test all of their data to help disseminate insight and organizational knowledge. Thanks to the partnership, Factored engineers and analysts can efficiently collaborate across data platforms to successfully transform, test and utilize data to generate dynamic and informative business insights and ultimately fuel growth. Factored engineers are experienced working with dbt, which allows Factored clients to apply this framework to their operations. The partnership enhances cross-functional participation, data interpretability and efficiency in decision making and solution implementation for Factored's clients. dbt is an analytics engineering framework that transforms raw data in the warehouse to make it easier to use for analysis. It allows data teams to shorten the transformation path from raw data in the warehouse to crucial business insights. dbt empowers data analysts and analytics engineers to orchestrate ELT pipelines using software engineering best practices like CI/CD, documentation, logging and alerting. The partnership will allow Factored engineers and analysts to leverage both dbt Core and dbt Cloud to bring the benefits of clean, documented and tested data to business users everywhere. "Our goal at dbt Labs is to make it easier for data teams to distill and disseminate organizational knowledge," said Amos Budde, Head of Services Partnerships at dbt Labs. "Having partners like Factored helps our customers get the most out of dbt and we are excited to be partnering with them." "We are excited to partner with dbt Labs and continue helping businesses clean, organize and glean insights from their data using the most vanguard tools. At Factored, we are committed to building and deploying the most powerful data and AI solutions for our clients and dbt Labs' analytics engineering tools are helping us accomplish this." Israel Niezen, Factored CEO Since its founding in 2019, Factored has seen fast-paced growth based on the world's increasing need for rigorously trained and highly expert data science professionals. Today, Factored is one of the biggest data science companies in Latin America. About Factored Factored (backed by Andrew Ng's AI Fund and deeplearning.ai) helps leading tech companies select and build world-class data science, machine learning and AI engineering teams much faster and more cost-effectively. Factored engineers have been personally vetted, educated and mentored by some of the most talented AI educators and engineers from Silicon Valley, Stanford University and deeplearning.ai.

Read More

BIG DATA MANAGEMENT

New CGI Sense360 data analytics platform improves situational awareness for disaster rescue teams

CGI | July 27, 2022

CGI announces CGI Sense360, its cloud-based, smart analytics platform that gives emergency responders holistic and accurate situational awareness in the event of a disaster. Using comprehensive data sources and augmented reality, the platform creates a visual situation overview that helps organizations more efficiently organize and accelerate rescue operations. Whether a disaster is caused by natural or human hazards, up-to-date information is critical to safe and successful rescue efforts. CGI Sense360 creates a holistic picture of a disaster using data from a variety of sources across the ecosystem, such as satellites, drones and maps; infrastructure, geospatial, weather and environmental data; and online databases, blogs and social media. The platform's integrated and secure communications system combines augmented reality, situational images and other data to create a visual overview that is shared with emergency responders in a context-aware manner to enable faster, safer rescue operations. International aid organization I.S.A.R. (International Search and Rescue) in Germany is a project partner in the design and development of CGI Sense360. I.S.A.R. is certified by the United Nations for international rescue operations. "We provide international assistance in humanitarian missions; for example, after natural disasters and accidents or in war zones," says Dr. Steven Bayer, Project Coordinator at I.S.A.R. "The immediate availability of detailed situation images and current data is crucial for efficient, rapid rescue measures. And, it is precisely this information that the new cloud-based data analytics platform CGI Sense360 can provide." Development of the platform also is supported by the European Space Agency (ESA). CGI space experts have worked closely with the ESA for about 40 years, including in Bochum and Darmstadt, Germany. CGI's current projects include the development of a centralized "pooling and sharing" system for secure satellite communications services. "In rescue operations, analog processes still dominate in many cases. "However, an exact situation picture and an unrestricted flow of information are indispensable in the event of a crisis or disaster. In addition, the time factor is important. With CGI Sense360, we offer a high-performance, intelligent and secure platform that meets these criteria. It delivers all the information needed for time-critical coordination and relief operations in near real-time. We see a very large market potential for our new platform, which takes the benefits of digitalization a decisive step forward." Stefan Wichert, Senior Vice President of CGI's operations in Northern Germany CGI Sense360 initially is designed to support disaster rescue teams, for example, in war zones or in the event of terrorist attacks, accidents, earthquakes, tsunamis, floods and forest fires. The solution draws upon CGI's extensive experience in supporting clients globally with natural disaster planning and recovery programs. This includes developing wildfire mapping services using artificial intelligence and space data for the ESA, delivering England's Future Flood Forecasting System, and working with U.S. states and territories to deploy data management systems for administering natural disaster recovery programs. CGI continues to develop the CGI Sense360 solution for additional situational awareness scenarios, such as for the military, police and fire departments, and organizations with critical infrastructure such as utilities, airports and container terminals. About CGI Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 88,500 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.

Read More

Spotlight

We often get questions from people who are new to big data about the reasons for virtualizing these newer infrastructures and applications. People are also interested in knowing the benefits you can gain from doing so. This video provides a set of answers to those questions. Summarizing the main points discussed in the video, the benefits you get when you decide to virtualize your big data infrastructure are.

Resources