How big data and AI is revolutionising FMCG innovation

Food Navigator | June 08, 2020

The challenge of responding to coronavirus has highlighted the need to leverage big data, predictive analytics and artificial intelligence in the FMCG space. However, AI start-up Spoonshot stresses, the long-term opportunities this technology can unlock are more significant still.

The sudden and disruptive onset of COVID-19 has acted as an accelerator of food industry trends. It has rapidly changed how we collectively eat and shop. Within the food industry, this fast-paced shakeup has highlighted the limitations of traditional approaches to market research, Kishan Vasani, co-founder and CEO of food tech start-up Spoonshot, believes.

“It has made FMCG companies question their understanding of consumer needs and their organisational ability to adapt to any change. The overwhelming majority of research related to innovation is still via traditional methods, such as field based research through interviews and panels, which are both slow and costly. Not to mention, these approaches ignore 99% of organic data being produced every single second by consumers, business, and institutions in the digital world. Imagine what insights this data might reveal for innovation planning if they could be accessed and interpreted.”

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DATA ARCHITECTURE

Linq Analytics Extends Master Data Management and FP&A Capabilities

Linq Analytics | January 18, 2022

Linq Analytics, LLC, a provider of software and services for adaptive customer data management and analytics, announced today its acquisition of certain assets of Altius, Inc., a privately-held company with US offices in Sugar Land, TX. Altius' Flex™ suite of planning and Master Data Management (MDM) products give users the ability to augment Microsoft Excel™-based financial models with data enrichment and workflows, providing them a more accurate understanding of their information and enabling management tailored to their business. The addition of the Flex™ suite to the Linq Analytics portfolio will add capabilities that extend both Linq's Account Hierarchy Management Solution and associated analytics and workflows, helping Clients realize additional value across the Customer data chain through more agility in data integration, extensive analytics insights, and decreased redundancy. "Our Clients and Partners have expressed a desire to seamlessly connect their customer data from multiple CRM and ERP instances with existing analytics and finance workflows. We believe that adding the Flex™ capabilities helps us to provide a more complete solution that can drive additional value for our Clients." Brandon Swalve, Linq Analytics' co-founder and CEO As part of this transaction, Linq Analytics will appoint Noel Phillips as Chief Technology Officer. "In addition to the product capabilities, I'm excited to welcome Noel to Linq," continued Swalve. "He adds significant technical knowledge, functional expertise, and strong leadership to our rapidly expanding team, and our Clients will feel his impact quickly." "I'm very excited to join the superb team at Linq Analytics. I know the combination of Linq's innovative CRM and ERP tools - along with the Flex™ Planning Platform - will prove incredibly powerful. It tells a compelling story and will benefit current and future clients alike. I can't wait to see what we will achieve together." The Flex™ product suite will continue to be available from Linq Analytics. Support services for current Flex™ clients will be delivered through Altius, with transition for support expected to occur in Q2 2022.

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BIG DATA MANAGEMENT

Anblicks is now a Microsoft Gold Partner for Data Analytics Competency

Anblicks | March 07, 2022

Anblicks, a US-based Cloud Data Analytics Company, has achieved Microsoft Gold-Certified competency for data analytics in the areas of Business Intelligence, Advanced Analytics, and Big Data. Data Analytics competency, given to the organizations that can demonstrate technical capabilities in creating business intelligence solutions and show proficiency in connecting data sources, performing data transformations, and modeling and visualizing data. As a Microsoft Certified Gold Partner, Anblicks provides Azure-based Data Analytics services that cover the entire data lifecycle, from data discovery, aggregation, storage, and ETL to data warehouse modeling, business intelligence reporting, and advanced analytics. The gold competency in data analytics is a continuation of Anblicks’ path of demonstrating certifications in the data domains that assist customers in generating powerful data insights. Helping them make data-driven decisions to create tailored experiences, reduce unnecessary costs, and generate revenue. “We are committed to helping our customers in leveraging Microsoft Azure for building highly scalable data pipelines from data integration, data storage, data governance, data analytics to business intelligence. Microsoft's GOLD partner status will help us build trust with our customers.” Munwar Shariff, Chief Technology Officer at Anblicks About Anblicks Anblicks is a Cloud Data Analytics company enabling customers to make data-driven decisions since 2004. Headquartered in Addison, Texas, Anblicks helps businesses accelerate their digital transformation journey, paving the road for new and streamlined business across the globe. The company commits to delivering excellence to the customers in Data Analytics, CloudOps, and Modern Apps using state-of-the-art services, solutions, and accelerators.

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BIG DATA MANAGEMENT

Prefect and Snowflake Partner to Bring Dataflow Automation to the Enterprise

Prefect | April 29, 2022

Prefect Technologies, Inc., the company behind the open-source data workflow automation platform Prefect, today announced a partnership with Snowflake, the Data Cloud company. Prefect enables Snowflake customers to automatically populate, extract, and analyze data on top of Snowflake more easily and reliably for faster time to insight. Prefect's dataflow automation platform enables data teams to build, run, and monitor data pipelines so they can develop pipelines faster, reduce failures, and increase confidence in their data. As part of the partnership, Prefect has enhanced its integration with Snowflake to leverage the latest APIs and offer enterprise authentication functionality for both Prefect 1.0 and Prefect Cloud. Further, there will soon be a dedicated "Collection" of all Snowflake tasks so that data engineers can build and maintain cross-functional Snowflake dataflows more easily. "Data workflow orchestration is a critical component of the modern data stack. We're excited by Prefect's product, community, and vision in this space," said Tarik Dwiek, Head of Technology Alliances at Snowflake. "As partners, we'll be able to bring our joint solution to even more data organizations to build workflows faster and increase visibility into their data pipelines." "Prefect's mission is to eliminate negative engineering – the 'defensive' code that engineers write to handle errors. Our users love Snowflake because it makes data storage and access so easy and seamless. Together with Prefect, we've seen hundreds of organizations reduce negative engineering and increase impact." Jeremiah Lowin, Founder and CEO of Prefect Those companies using Prefect and Snowflake together include Discovery Networks, Pocket, Winc, and TastyTrade. TastyTrade, a subsidiary of IG Group with over 4,000 online trading accounts, uses Prefect to run all of its data operations on top of Snowflake. "Prefect is the glue of our data stack," said TastyTrade's Vice President of Enterprise Data and Analytics, Alex Welch. "Prefect gives us visibility into our critical pipelines that we never had before. And its performance has allowed us to move from daily to continuous updates – enabling more timely and valuable insights." Prefect and Snowflake will continue to work together to support their evolving platforms, including Prefect's next generation dataflow automation platform, Prefect 2.0. ABOUT PREFECT Prefect is a dataflow automation platform for data engineers to build, automatically run, and monitor complex pipelines at any scale. Prefect is used by organizations of all sizes across the globe, and its open-source code base is supported by thousands of community members. Founded in 2018 by Jeremiah Lowin, Prefect raised its Series B in early 2021. Investors include Bessemer Venture Partners and Tiger Global Management.

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DATA ARCHITECTURE

Alluxio Expands Data Access and Security for Data-driven Applications in Heterogeneous Environments with v2.8 Release

Alluxio | May 05, 2022

Alluxio, the developer of the open source data orchestration platform for data driven workloads such as large-scale analytics and AI/ML, today announced the immediate availability of version 2.8 of its Data Orchestration Platform. This new release features enhanced interface support for the Amazon S3 REST API; security improvements for sensitive applications with strict encryption compliance and regulatory requirements; and strengthened automated data movement functionality across heterogeneous storage systems without the need to manually move or copy the data. Alluxio 2.8 enhances S3 API compatibility, so onboarding and managing Alluxio on existing large data pipelines becomes much easier. As a major enhancement to enterprise-grade security, Alluxio 2.8 adds features to support server-side encryption capabilities for securing and governing data. Data migration is a major challenge for organizations having data stored cross-vendors, cross-clouds, or cross-regions. Alluxio 2.8 improves reliability of data movement across heterogeneous storage systems with enhanced usability of policy-based data management and high availability. “At Uber, we run Alluxio to accelerate all sorts of business-critical analytics queries at a large scale,” said Chen Liang, Senior Software Engineer, Uber’s interactive analytics team. “Alluxio provides consistent performance in our big data processing use cases. As compute-storage separation continues to be the trend along with containerization in big data, we believe a unified layer that bridges the compute and storage like Alluxio will continue to play a key role.” “The support for S3 API is significant, making Alluxio much more accessible to a huge number of customers. Together, our rich set of S3, HDFS and POSIX APIs enables true storage-agnostic and multi-cloud deployments. The data migration capabilities further eliminate vendor lock-in and provide organizations with the flexibility to choose whatever they want to run their applications or store their data.” Adit Madan, Director of Product Management, Alluxio Alluxio 2.8 Community and Enterprise Edition features new capabilities, including: Enhanced S3 API with Metadata Tagging Alluxio 2.8 enhances the support for the S3 RESTful API with metadata tagging capabilities. With S3 API, applications can communicate with Alluxio without a custom driver or any additional configuration. By using S3 API, data-driven applications, end-users, and admins can seamlessly and rapidly onboard Alluxio for new uses. Metadata operations can be achieved through the S3 object and bucket tagging APIs. Data Encryption for Enterprise-grade Security The Enterprise Edition of Alluxio 2.8 supports encryption of data in Alluxio managed storage at REST as an essential security feature. In conjunction with SSL, this new feature supports server-side encryption, ensuring data security. Alluxio now offers multiple encryption zones for data it manages to meet the demands of security. Data stored on the Alluxio worker is protected, and decrypted on the server before being sent to a client. Data Movement Across Heterogeneous Storage Systems Alluxio 2.8 Enterprise Edition also improves the policy-based data management features, which facilitate data access and movement between heterogeneous storage systems for better performance and lower cost. Alluxio manages data placement between the different storage systems with predefined policies. With transparent storage options, organizations can choose whichever storage best suits their needs without undergoing complex manual data migrations. About Alluxio Proven at global web scale in production for modern data services, Alluxio is the developer of open source data orchestration software for the cloud. Alluxio moves data closer to data analytics and machine learning compute frameworks in any cloud across clusters, regions, and clouds, providing memory-speed data access to files and objects. Intelligent data tiering and caching deliver greater performance and reliability to customers in financial services, high tech, retail and telecommunications. Alluxio is in production use today at eight out of the top ten internet companies. Venture-backed by Andreessen Horowitz, Seven Seas Partners, Volcanic Ventures, and Hillhouse Capital. Alluxio was founded at UC Berkeley’s AMPLab by the creators of the Tachyon open source project.

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Spotlight

Insurance fraud has a very real impact on the average person, considering the $950 price tag per family in the United States. But fighting fraud gets harder every year. What are your stumbling blocks? Get started on your counter fraud management journey with this infographic.

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