BIG DATA MANAGEMENT

Diligend and eVestment Join Forces to Automate the Due Diligence Process

Diligend | July 07, 2021

Diligend, a cloud-based due diligence software provider built for asset allocators, and eVestment, a Nasdaq company and a global leader in institutional investment data and analytics, announced today an agreement under which eVestment data will be available through the Diligend platform.

The platform offered by Diligend is flexible, one-to-one data exchange, and secure. It automates various tasks and data requests institutional investors and consultants frequently make of asset managers. The platform allows one-to-one, periodic, and ad-hoc collection efforts which can be difficult to manage as the information is often tied to individual, static documents. Diligend’s tools transform this process by providing a fully custom, digitized, and automated due diligence questionnaire tool combined with a workflow and analytics program. It also makes requesting data, distributing data requests, and follow up reminders easy to manage. The platform also flags answers, tracks changes, and aggregates data for benchmarking.

This agreement will allow clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform. The data and technology tools that will facilitate this data sharing and due diligence effort between eVestment and Diligend are set to launch in the coming months.


About Diligend
Diligend is a web-based software dedicated to the due diligence and monitoring of asset managers enabling the structure and centralization of data automatically. Offering a holistic combination of flexible and powerful features: Digitized Due Diligence Questionnaires Engine (including industry-standard templates like ILPA, AIMA, UNPRI, and AITEC), automatic flexible responses flagging, comparison and scoring, research management, fund review management, CRM, workflows, external manager’s portal and analytics.

About eVestment
eVestment, a Nasdaq company, provides institutional investment data, analytics and market intelligence covering public and private markets. Asset managers and general partners reach the institutional marketplace through our platform, while institutional investors and consultants rely on eVestment for manager due diligence, selection and monitoring. eVestment brings transparency and efficiency to the global institutional market, equipping managers, investors and consultants to make data-driven decisions, deploy their resources more productively and ultimately realize better outcomes.

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BIG DATA MANAGEMENT

Penguin Releases the Decentralized Data Network for Web3.0

Penguin | January 03, 2022

Recently, Penguin team has announced the launch of their decentralized data network for Web3.0. With the advancement of blockchain technology, some innovative new players are entering the market. Some are bringing the offline world to a global audience, while others transform the way we invest in our future. Decentralized applications, DeFi, NFTs, and the Metaverse, hold immense potential for future growth and real-world uses. But what the current crypto arena lacks is an independent & one-stop web service that includes a high-performance smart contract blockchain together with a decentralized storage solution. The Penguin network brings in a universal decentralized data network specifically designed for Web 3.0. Penguin - The Decentralized Storage Platform Exclusively designed for Web 3.0, Penguin is a peer-to-peer network of nodes, which jointly provides decentralized storage and communication service. By offering a universal decentralized data network for Web3.0, the platform can fulfill multiple roles for different areas of blockchain space. Moreover, Penguin aims to work with the blockchain industry to create decentralized applications (DApps), products, and services seamlessly accessible in Web 3.0. A unique feature of the platform is that it offers automatic scaling; that is, an increase in storage space demand would be efficiently handled. This will eventually lead to a lowering of costs for the blockchain arena. Penguin also facilitates efficient data storage capabilities and quick data retrieval. The network is economically automated with a native protocol token, PEN, thanks to its built-in smart-contract-based incentive system. Therefore, the purported goal of the platform is to extend the blockchain by utilizing decentralized storage and communication to position itself as a world computer that can efficiently serve as an operating system and deployment environment for dApps. Web 3.0 - The Decentralized Internet of the Future Web 3.0 is not merely a buzzword that tech, crypto, and venture-capital classes have become interested in lately. It aims to provide a future where distributed users and machines can seamlessly interact with data, value, and other counterparties through peer-to-peer networks, eliminating the need for any third parties. It is built majorly on three novel layers of technological innovation. Those are edge computing, decentralized data networks, and artificial intelligence. Web 3.0, built on blockchain, eliminates all big intermediaries, including centralized governing bodies or repositories. Moreover, the most significant evolution enabled by Web 3.0 is the minimization of the trust required for coordination on a global scale. It fundamentally expands the scale and scope of human and machine interactions to a far new level. These interactions range from easy payments to richer information flows and trusted data transfers, all without passing through a fee-charging intermediary. Web 3.0 enhances the current internet service with significant characteristics like trustless, verifiable, permissionless, self-governing, etc. This is why a permissionless, decentralized blockchain like Penguin plays a pivotal part in developing the so-called "decentralized internet of the future." Decentralized data networks like Penguin make it possible for data generators to store or sell their data without losing ownership control, compromising privacy, or reliance on intermediaries or go-betweens. Blockchain Technology and Web 3.0 Blockchain technology and cryptocurrencies have always been an integral part of Web3.0. It provides financial incentives for anyone who wants to create, govern, contribute, or improve projects. Today the internet needs Web 3.0, a new generation of the Internet protocol that facilitates free identity, free contracts, and free assets. Blockchain technology with its advanced network fundamentals offers a near-perfect solution with in-built smart contracts for self-deployment and access, decentralized addresses as accounts, etc. Penguin, the decentralized data network, provides an available decentralized private data storage solution for all Web3.0 developers. How Does Penguin Benefit The Development Of Web 3.0 Today we live in a data-driven world, where companies often collect massive amounts of user data and use this data with the intent to deliver value. Data privacy has become a greater concern over the past few years. However, the Internet ecosystem has fundamentally changed several concerns like data privacy and storage. This is referred to as Web 3.0, and it ensures this by deploying blockchain. Penguin primarily focuses on data storage with zero downtime. It also features permanent versionable content storage, zero error operation, and resistance to intermittent disconnection of nodes. With its exceptional privacy attributes like anonymous browsing, deniable storage, untraceable messaging, and file representation formats that leak no metadata, Penguin meets with the growing security demand on the web. Penguin also offers continuous service and resilience against outages or targeted attacks. The platform facilitates the creation of many products, where all products rely on APIs and SDKs provided by Penguin. Penguin - An Infrastructure for A Self-Sovereign Society Penguin is more than just a network; the protocol sets a strong foundation for creating a market economy around data storage and retrieval. The platform also has entered into a host of prospective and strategic partnerships and collaborations with different projects and protocols in the DeFi, GameFi, NFTs, smart contract, and other metaverse spaces. Moreover, as a platform for permissionless publication, the Penguin network promotes information freedom. The platform’s design requirements can only be met by the network native token PEN. Some of the significant features that Web 3.0 offers are zero central point of control by removing intermediaries, complete ownership of data, sharing information in a permissionless manner, reducing hacks and data breaches with decentralized data, and interoperability. On the other hand, Penguin aims to build an infrastructure for a self-sovereign society. Without permission and privacy, Penguin efficiently meets the needs of freedom of speech, data sovereignty, open network market, and ensuring its security through integrity protection, censorship resistance, and attack resilience. Some of its vital meta values are Inclusivity, the need to include the underprivileged in the data economy, lowering the barrier of entry to explain complex data flows, and building decentralized applications. The integrity of the online persona is necessary. Because Penguin is a network with open participation and offers services and permissionless access to publishing, sharing, and investing your data, users have complete freedom to express their intention and have full authority to decide whether they want to remain anonymous or share interactions. Incentivization or economic incentives ensure that participants' behavior aligns with the network's desired emergent behavior. Finally, Impartiality guarantees content neutrality and prevents gate-keeping. It successfully rules out other values that treat any particular group as a privileged or express preference for specific content or even data from any specific source. These meta values make Penguin an efficient decentralized, permissionless data network for Web 3.0. Penguin’s Future-Proof Design Principles - Meeting the Needs of Web 3.0 The information society and data economy have ushered in an era where online transactions and big data are pivotal for everyday life. Therefore, it is essential to have a future-proof and advanced supporting technology like Penguin. The network offers a strong guarantee for continuity. The Penguin network ensures continuity by following some general requirements or system attributes. Some of them are stable and resilient specifications and software implementation. Scalable enough to accommodate many orders of magnitude, more users, and data without lowering the performance or reliability for mass adoption, secure and resilient solution to deliberate attacks, Penguin is a self-sustaining autonomous solution that is independent of human or organizational coordination or any legal entity's business.

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BIG DATA MANAGEMENT

Factored Partners With Databricks to Enhance Data-Informed Decision Making With Unified Data Analytics

Factored | March 10, 2022

Factored, a leader in data-centric AI helping tech unicorns and other high-profile tech companies select, upskill and build high-caliber data engineering, machine learning and data analytics teams, announced today that it has partnered with Databricks, the data and AI company, to drive business value for clients by unifying all data and artificial intelligence processes and workflows in a single platform. Thanks to Databricks' technology, including Delta Lake, Structured Streaming and the integration with MLflow, Factored engineers and analysts are providing innovative businesses with easier access to critical data driving key business decisions and strategy. As a result of the partnership, Factored engineers and analysts can integrate all data-related processes in one platform to carry out tasks such as request parallelization, distance calculation and model interpretability. The partnership enhances cross-functional collaboration, visibility and efficiency in decision making and solution implementation for Factored's clients. Databricks' Lakehouse Platform helps organizations accelerate innovation by unifying data teams with an open, scalable platform for all of their data-driven use cases. From streaming analytics and AI to BI, Databricks provides a modern lakehouse architecture that unifies data engineering, data science, machine learning and analytics within a single collaborative platform. "We're delighted to be recognized as a Databricks Consulting Partner and to continue helping businesses make sense of their data using the industry's most cutting-edge tools. At Factored, we're dedicated to implementing the most effective data and AI solutions for our clients and Databricks' Lakehouse Platform plays a significant role in helping us achieve this." Israel Niezen, Factored CEO Since its founding in 2019, Factored has seen fast-paced growth and today is one of the biggest data science companies in Latin America. About Factored Factored helps leading tech companies select, upskill 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 and recognized AI educators and engineers from Silicon Valley, Stanford University and deeplearning.ai.

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DATA SCIENCE

Tetra Tech Expands High-end Climate Data Analytics Solutions with Acquisition of Axiom Data Science

Tetra Tech | March 09, 2022

Tetra Tech, Inc. , a leading provider of high-end consulting and engineering services, announced today that it has acquired Axiom Data Science, an industry leader in the management and analysis of oceanic and ecological data associated with climate change. Headquartered in Anchorage, Alaska, Axiom conducts climate science modeling to help clients manage, integrate, and visualize large-scale complex data sets that are essential to addressing climate change. “Tetra Tech leverages digital technology using our Leading with Science® approach to provide clients with sustainable and resilient solutions and support decision-making on projects around the world. The addition of Axiom Data Science expands our high-end advanced analytics capabilities in oceans and ecosystems to advance climate science for clients, including the National Oceanic and Atmospheric Administration and the National Aeronautics and Space Administration.” Dan Batrack, Tetra Tech Chairman and CEO Rob Bochenek, Axiom Founder and CEO, said, “We are honored to join Tetra Tech and work with their exceptional team of scientists and engineers to provide best-in-class data analytics solutions to address climate change impacts. By joining Tetra Tech, we will further enhance our ability to provide highly specialized solutions to our clients, while offering new opportunities for our employees to work on water and environment programs worldwide.” The terms of the acquisition were not disclosed. Axiom Data Science is joining Tetra Tech’s Government Services Group. About Tetra Tech Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook. About Axiom Data Science Based in Anchorage, Alaska, Axiom Data Science is an informatics and software development firm focused on developing scalable solutions for data management, integration, and visualization. Axiom supports federal, private, academic, and non-governmental organizations in the ecological, geological, and ocean sciences organizations to improve the long-term management and impact of their scientific data resources.

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BIG DATA MANAGEMENT

IBM Watson Advertising Brings AI-Driven Weather Analytics to AWS Data Exchange

IBM Watson | January 10, 2022

IBM Watson Advertising today announced the availability of data from The Weather Company, an IBM Business, on AWS Data Exchange, an Amazon Web Services (AWS) platform. The AWS Data Exchange allows businesses to easily find and subscribe to third-party data in the cloud. Providing data from the world's most accurate weather forecaster1, IBM Watson Advertising's Weather Analytics harness the relationship between weather and consumer behavior using artificial intelligence to extract deep insights to help businesses make more confident, data-driven and insightful enterprise decisions. The weather datasets can help analyze how weather affects consumer purchasing across different categories such as pharmaceuticals, apparel, consumer packaged goods and indoor and outdoor activities. Local data by ZIP code including historical weather data, 15-day forecast weather data, and relative data such as hot, cold, windy and other conditions could also be used to help inform campaigns, supply chain and forecasting decisions. This data can even help surface unique or non-obvious relationships between weather and consumer behavior. "We know that weather can impact nearly everything in daily life -- how we feel, what we do, even what we buy," said Sheri Bachstein, Chief Executive Officer at The Weather Company and General Manager of IBM Watson Advertising. "This expanded relationship with AWS gives more businesses access to the weather data that can drive consumer behavior and purchasing. We are committed to opening up our insights and technology to a broad set of organizations, and giving more companies access to what we know can be growth- and efficiency-driving data and tech." Insights that show locations where weather could affect sales can help businesses drive revenue based on predictive consumer behavior. According to past IBM Watson Advertising research, data revealed that while chocolate candy bar sales generally go up in colder months across the U.S., sales can spike in the Southwest when a higher heat index is expected, and in the Northeast during muggy nights. In another example, while more bug spray is purchased during the summer months, foggy conditions in the Northwest can drive more sales while clear conditions can drive demand in central states. AWS Data Exchange helps make it easy to find, subscribe to, and use third-party data from providers in the cloud. Subscribers can use the AWS console or APIs to load IBM Watson Advertising solutions into a wide variety of AWS analytics and machine learning services. This is the latest example of how IBM is building together with ecosystem partners of all types to create solutions for developers to address the needs of the hybrid cloud era. IBM is committed to a $1 billion investment in its partner ecosystem over the next three years. This investment is already being utilized to support a coalition of enterprises that are helping customers migrate their mission-critical workloads using IBM's open hybrid cloud architecture. About IBM Watson Watson is IBM's AI technology for business, helping organizations to better predict and shape future outcomes, automate complex processes, and optimize employees' time. Watson has evolved from an IBM Research project, to experimentation, to a scaled, open set of products that run anywhere. With more than 40,000 client engagements, Watson is being applied by leading global brands across a variety of industries to transform how people work.

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Spotlight

What's the best upgrade option for you? That depends on the nature of your business. As well as ensuring your operations stay secure and compliant, it's a great opportunity to take your technology to the next level while improving customer service. WHY SHOULD YOU UPGRADE? Mitigate risks with platform security and compliance There will be no access to critical security updates, opening the potential for business interruptions and loss of data.

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