Data Architecture

GlobalData partners with Snowflake to empower seamless access and delivery of its data

GlobalData | February 21, 2022

Data Analytics
GlobalData Plc , a leading intelligence platform for the world's largest industries, has announced a partnership with Snowflake, a premier data warehouse built for the cloud, to enable Snowflake customers to access and purchase data from GlobalData's Marketplace via the Snowflake platform.

In today's business environment, the need for trustworthy and timely data has never been more important, which is why it's critical for tomorrow's market leaders to access, share, and use data instantly and seamlessly.

GlobalData's strategic relationship with Snowflake means customers will have a flexible cloud solution for accessing proven, proprietary datasets efficiently. This will provide customers with immediate and secure access to data, eliminating the need for lengthy and costly extract, transform, and load (ETL) processes; and reduce the time and effort needed to integrate data into their business operations and decision-making processes at scale.

Initially, GlobalData will provide access to six authoritative datasets via the Snowflake platform, covering pharmaceuticals, medical devices, and climate risk, as well as alternative datasets spanning patents and job analytics. New datasets will be added over time from GlobalData's Marketplace, which covers 150 productized datasets relied upon by over 4,000 customers.

Commenting on the announcement, Jonathan Hardinges, GlobalData's Chief Strategy Officer, said:

"GlobalData continues to provide best-in-class data and insights to help our clients solve complex business problems, and Snowflake offers us the opportunity to provide customers with more efficient access to authoritative data and greater value from its use at scale.

"We are particularly excited to partner with Snowflake, as this will help us deliver against our customer-obsession agenda by giving customers the flexibility to access and use our intelligence where, when, and how they need to."

Kieran Kennedy, Head of Marketplace at Snowflake

"GlobalData and Snowflake combine to make a powerful solution for any organization seeking to leverage the power of data sharing. With the ability for customers to access GlobalData's broad data coverage, this marks an exciting and welcome next step in further expanding the coverage of Snowflake's Data Marketplace."

About GlobalData
In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professions within corporations, financial institutions, professional services, and government agencies.

Spotlight

User Entity and Behavior Analytics (UEBA) is a cybersecurity technology and approach that focuses on analyzing the behavior of users and entities (such as devices, applications, and systems) within an organization's IT environment. By using advanced data analytics, machine learning algorithms, and artificial intelligence, UEBA aims to detect and prevent cyber threats by identifying anomalies, deviations, or patterns in user and entity activities that might indicate potential security risks.


Other News
Data Science

J.D. Power Acquires Autovista Group to Expand Automotive Data Portfolio

J.D. Power | September 18, 2023

J.D. Power, a prominent global leader in data analytics, has recently announced a definitive agreement to acquire Autovista Group, a renowned pan-European and Australian automotive data, analytics, and industry insights provider. This strategic acquisition complements J.D. Power's existing strengths in vehicle valuation and intricate vehicle specification data and analytics while significantly expanding its presence within the European and Australian automotive markets. This acquisition represents a crucial moment, as it delivers substantial value to the customers of both companies. It brings together Autovista Group's extensive European and Australian market intelligence with J.D. Power's market-leading predictive analytics, valuation data, and customer experience datasets. These complementary offerings will empower original equipment manufacturers (OEMs), insurers, dealers, and financing companies with a truly global perspective on critical industry trends. They will also provide the tools to accurately predict risk, capitalize on emerging trends, and align sales strategies with real-time market dynamics. Pete Cimmet, Chief Strategy Officer at J.D. Power, stated: The addition of Autovista Group broadens our global presence allowing us to serve our customers across key global markets including North America, Europe and Asia/Australia. We look forward to partnering with the Autovista team to launch innovative new products and pursue strategic add-on acquisitions in Europe and Australia. [Source: Business Wire] Autovista Group, through its five prominent brands—Autovista, Glass's, Eurotax, Schwacke, and Rødboka—standardizes and categorizes a multitude of technical attributes for nearly every vehicle manufactured in European and Australian markets. This comprehensive approach offers clients a 360-degree view of detailed vehicle data, which is invaluable for valuations, forecasts, and repair estimates. Furthermore, Autovista Group's robust analytical solutions and its team of seasoned experts are trusted by stakeholders across the automobile industry for their in-depth insights and benchmarks related to vehicle values, ownership, replacements, and repair costs. Under this agreement, Autovista Group's senior leadership, along with its 700 employees, will remain part of the organization, serving as J.D. Power's automotive data and analytics platform for Australia and Europe. Lindsey Roberts will continue to lead the team in her role as President of J.D. Power Europe, reporting to CEO Dave Habiger. Currently, Autovista Group is owned by Hayfin Capital Management, a prominent European alternative asset management firm. The anticipated closure of the Autovista Group acquisition is set for conclusion by the end of 2023, pending customary closing conditions and regulatory review and approval. For this transaction, RBC Capital Markets acted as the exclusive financial advisor, and Kirkland & Ellis provided legal counsel to J.D. Power. TD Cowen served as the exclusive financial advisor, with Macfarlanes, Cravath, Swaine & Moore, and Mishcon de Reya acting as legal advisors to Autovista Group and Hayfin. About J.D. Power J.D. Power, a renowned consumer insights, advisory services, and data and analytics firm, has consistently spearheaded the use of big data, artificial intelligence (AI), and algorithmic modeling to illuminate the intricacies of consumer behavior for more than half a century. With a storied legacy of providing in-depth industry intelligence on customer interactions with brands and products, J.D. Power serves as the trusted leader for the world's preeminent enterprises, spanning diverse major sectors, profoundly influencing and refining their customer-centric strategies.

Read More

Big Data Management

Ocient's Report Reveals Surge in Hyperscale Data's Impact on Firms

Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

Read More

Business Intelligence

Dremio Launches Next-gen Reflections Redefining SQL Query Acceleration

Dremio | September 15, 2023

Dremio, a renowned easy and open data lakehouse solution provider, has recently introduced its next-gen Reflections technology, marking a transformative milestone in SQL query acceleration. Dremio Reflections facilitate sub-second analytics performance across an organization's entire data ecosystem, irrespective of data location. This groundbreaking technology is redefining data access and analysis, ensuring that valuable insights are derived efficiently and swiftly, all while reducing costs to merely one-third of a typical cloud data warehouse. Reflections represent Dremio's innovative SQL query acceleration technology. Queries that leverage Reflections exhibit performance gains ranging from 10 to 100 times faster than their non-accelerated counterparts. This latest release introduces the Dremio Reflection Recommender, a pioneering feature that empowers users to accelerate Business Intelligence workloads in a matter of seconds. The Reflection Recommender automatically evaluates an organization's SQL queries and generates recommended Reflections to accelerate them. Tomer Shiran, founder of Dremio, commented, Dremio Reflections accelerate SQL queries by orders of magnitude, eliminating the need for BI extracts/imports and enabling companies to run their most mission-critical BI workloads directly on a lakehouse. With automatic recommendations and next-generation incremental updates, we've made it even easier for organizations to take advantage of this innovative technology. [Source: Business Wire] Reflection Recommender eliminates the need for labor-intensive manual data and workload analysis, making the process of obtaining the fastest and most intelligent query results effortless, requiring only a few simple actions. The user-friendly nature of the Reflection Recommender puts advanced query acceleration capabilities within the reach of all users, significantly saving both time and expenses. Dremio has also refined the process of refreshing Reflections to further bolster query performance and drive cost efficiencies. It now intelligently refreshes Reflections on Apache Iceberg tables, promptly capturing incremental data changes. This innovative approach obviates the requirement for complete data refreshes, resulting in speedier updates and reduced compute expenses. Dremio Reflections eliminates the need for data teams to export data from the data lakehouse into BI extracts or imports for analytical reasons and overcomes performance bottlenecks for BI dashboards and reports. In addition, Reflections negate the necessity of creating precomputed tables within the data lake or data warehouse to achieve sub-second performance for BI workloads, reducing the workload and complexity for data teams. About Dremio Dremio is a leading, easy and open data lakehouse solution provider, offering organizations the versatility of self-service analytics coupled with the functionality of a data warehouse and the flexibility of a data lake. Dremio's platform empowers users to harness the lightning-fast SQL query service alongside various processing engines, all on the same dataset. The company distinguishes itself through a pioneering data-as-code methodology akin to Git, which facilitates data experimentation, version control, and governance. This innovative approach enhances agility and empowers organizations to explore and manage their data resources with unprecedented efficiency. Furthermore, Dremio offers a fully managed service that expedites organizations' entry into analytics, allowing them to commence their data-driven journey within minutes.

Read More

Big Data Management

Reltio Set to Transform Data Management with AI-Powered MDM Solution

Reltio | September 20, 2023

Reltio, a leading modern data management solutions provider, has introduced an innovative AI-powered Master Data Management (MDM) solution. For over a decade, Reltio has been a pioneer in data management, offering a leading cloud-native SaaS MDM solution. The firm is poised to preview novel AI-driven capabilities tailored to meet the growing demand for delivering customers more insightful and timely intelligence powered by reliable data. Participants at the upcoming DataDriven23 conference, taking place from October 3 to 5 in Dallas, TX, will have the opportunity to directly engage with Reltio's innovations and witness how AI is poised to revolutionize MDM, enhancing the quality of data that shapes business outcomes. During the event, experts will showcase three pivotal AI-driven solution capabilities designed to drive remarkable 10X enhancements: Generative AI-driven Search and Data Visualizations: Powered by Reltio's AI-powered MDM platform, enterprises can swiftly pinpoint critical data segments and data visualizations to the Reltio UI, facilitated by a conversational interface powered by GenAI. This simplifies the process of data analysis within Reltio. Increased Data Steward Productivity: Harnessing the power of Machine Learning, Reltio's latest capabilities aim to further automate entity resolution and data quality management processes and enhance data precision while boosting data steward efficiency by 10X. Automated Predictions: Reltio's new AI-driven MDM platform empowers businesses to effortlessly anticipate key insights using propensity models. This aids in identifying crucial customer segments, thereby fostering higher customer acquisition and retention rates. Reltio remains committed to continuous investment in machine learning-based automation within Reltio's Connected Data Platform 2023.3. This includes the introduction of new features in entity resolution and data quality anomaly detection designed to expedite MDM implementations, fortify data unification, and elevate the productivity of data teams. About Reltio Reltio, a renowned leader in modern data management, believes steadfastly in the critical role of data in driving business achievements. The firm is well-known for its cutting-edge data management platform, which effortlessly integrates vital data from different sources into a unified repository of reliable information. This combination of pristine, interconnected, and actionable data empowers Reltio's esteemed clientele to enhance operational efficiency, mitigate risk, and foster sustainable growth. The solution has received praise and is utilized by prominent corporate brands across a wide range of sectors in over 140 countries.

Read More

Spotlight

User Entity and Behavior Analytics (UEBA) is a cybersecurity technology and approach that focuses on analyzing the behavior of users and entities (such as devices, applications, and systems) within an organization's IT environment. By using advanced data analytics, machine learning algorithms, and artificial intelligence, UEBA aims to detect and prevent cyber threats by identifying anomalies, deviations, or patterns in user and entity activities that might indicate potential security risks.

Resources