BIG DATA MANAGEMENT

LG Uplus Taps on Cloudera to Build Real-time Big Data Analytics Platform to Deliver 5G Network Service Excellence

Cloudera | August 12, 2021

LG Uplus Taps on Cloudera to Build Real-time Big Data Analytics Platform to Deliver 5G Network Service Excellence
Cloudera, Inc., (NYSE: CLDR), the enterprise data cloud company, today announced that LG Uplus has chosen Cloudera's data platform for improving its 5G network service quality and optimizing the customer experience. With Cloudera, LG Uplus is empowered to leverage the actionable intelligence and insights generated from the data to support its digital transformation initiatives and future proof its journey to the cloud.

As one of the first telecommunication providers to commercialize 5G services, LG Uplus has been focused on bringing innovative services to its customers and enhancing the work efficiency of network workers since 2019. With Cloudera's data platform as its foundation, LG Uplus established the Network Real-time Analytic Platform (NRAP), which includes the necessary infrastructure to collect and analyze large-scale big data in real-time, from mobile devices to the service equipment of the telecommunication company.

The NRAP improves data utilization and analysis accuracy by providing data lake and data warehouse capabilities that include the processing and transmission of terabytes of data within a few seconds to the integrated Network Management System (NMS). With the real-time data processing capability of NRAP, LG Uplus has been able to achieve business benefits such as improving the customer center's customer quality response time and pushing the service-based network quality monitoring level to near real-time, thereby improving customer satisfaction and reducing the overall amount of fieldwork. With an integrated platform that supports real-time quality monitoring and analysis of network services, LG Uplus collects and categorizes data by type and monitors it on a single dashboard to reduce overall network operation costs and improve work efficiency.

Rolled out as a pilot at the time when 5G services first went commercial, the NRAP now manages hundreds of types and hundreds of terabytes of data generated daily from telecommunication network services, enabling LG Uplus to gain meaningful insights from the data and manage services for a total of 20 million users in South Korea. Using the NRAP, LG Uplus continues to power the next-generation network operating system and secure data competitiveness to support digital transformation in response to the post-COVID19 era that LG Group is actively promoting.

Jin-Soo Jang, Manager of the NMS Development team at LG Uplus said, "LG Uplus was the first of its kind to launch a worldwide 5G network and has provided innovative services meeting the ever-changing needs of customers. By leveraging on data analytics, the NRAP has helped us to quickly respond to customer service quality issues while reducing the duplications in our operations. This has improved our work efficiencies, and sharpened LG Corporation's competitive advantage in our path toward digital transformation."

Hyoung-Jun Kang, Country Manager of Cloudera Korea said, "Telecommunication providers are some of the largest aggregators of data and have access to a variety of data sources. To make the most of the increased volume, variety and complexity of data and gain the enterprise data insights that drive business value, telecommunication providers need to be able to handle any data, anywhere from the edge to AI. With Cloudera as the backbone of the NRAP, we are committed to supporting LG Uplus as it embraces a digital transformation journey that's underpinned by data management and analytics initiatives."

About Cloudera
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world's largest enterprises.

Spotlight

Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes


Other News
BIG DATA MANAGEMENT

EXL acquires Clairvoyant, adding scale in data, AI, and cloud engineering to fast-growing analytics business

EXL | December 21, 2021

EXL , a global analytics and digital solutions leader, today announced its acquisition of Clairvoyant, a global data, AI, and cloud services firm. The acquisition strengthens EXL’s capabilities by adding additional expertise in data engineering and cloud enablement, further supporting its clients in insurance, healthcare, banking and financial services, and retail. With the acquisition, Clairvoyant will become part of EXL’s fast-growing analytics business, which helps clients make sense of data to drive better decision-making across the enterprise and rapidly adapt business strategies in response to market changes. The addition of Clairvoyant’s talent and capabilities in data engineering, AI/ML operations and cloud will accelerate EXL’s data-driven strategy, expanding critical cloud operations capabilities to help our clients drive large-scale digital transformation projects and generate faster value from modern cloud-based data and analytic platforms. “Data has become the lifeblood of every industry as businesses confront volatile swings in the economy, changes in consumer preferences and the need to continually adapt to new technology. Clairvoyant has established itself as a leader in data and cloud engineering, bringing many of the key structural components we need to expand our offerings and help our clients harness the power of data to enable better and faster decision making.” Rohit Kapoor, EXL Vice Chairman and Chief Executive Officer Founded in 2012, Clairvoyant has consistently been named among the fastest growing and most innovative privately held companies in the U.S. Headquartered in Phoenix, AZ, with multiple offices throughout North America and India, the company employs more than 550 people globally and serves marquee clients in the financial services, retail, healthcare, and tech industries. “The need to quickly aggregate and interpret data has grown exponentially across industries in recent years,” said Vivek Jetley, Executive Vice President and Global Head of Analytics at EXL. “As our clients look to leverage the power of analytics for business advantage, they need to modernize their data capabilities to keep pace. Having worked closely with Clairvoyant, we believe that the combination of our domain expertise, data management and analytics capabilities and their industry-leading data and cloud engineering services will help clients increase agility and speed to value and set the stage for breakthrough solutions.” "We are thrilled to join forces with EXL. We share a culture of fearless innovation and a relentless commitment to helping our clients overcome some of their biggest challenges,” said Chandra Ambadipudi, Co-Founder and Chief Executive Officer at Clairvoyant. "By integrating our capabilities with EXL’s broad reach and expertise, we will be able to add value across a much wider range of clients and unlock exciting new growth opportunities along the way." The transaction was completed in the fourth quarter of 2021. Clairvoyant is expected to be accretive to 2022 adjusted diluted EPS and will be reported in our Analytics segment. About EXL EXL is a global analytics and digital solutions company that partners with clients to improve business outcomes and unlock growth. Bringing together deep domain expertise with robust data, powerful analytics, cloud, and AI, we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team is over 34,000 strong, with more than 50 offices spanning six continents. About Clairvoyant Clairvoyant is a global technology consulting and services leader that helps organizations in their business transformation by maximizing the value of data through actionable insights. The company provides data engineering, analytics, machine learning, product engineering, and cloud-based solutions to some of the world's largest brands. Founded in 2012, Clairvoyant is headquartered in Phoenix, AZ, with offices in the U.S., Canada, and India.

Read More

DATA SCIENCE

J.P. Morgan launches U.S. Applied Data Science Value Fund, harnessing the power of data science to amplify expertise in fundamental investing

J.P. Morgan | December 18, 2021

J.P. Morgan Asset Management has recently launched its first mutual fund employing a data science-driven investment process, combining fundamental research, data insights, and risk management to identify attractively priced equity securities. The J.P. Morgan U.S. Applied Data Science Value Fund (JPIVX) combines the firm's decades of information and data sets accumulated by equity research analysts with the breadth and scale provided by J.P. Morgan's data science capabilities. "The end-to-end data science investment process behind the product is the culmination of many years of building, iterating, and improving on the application of AI and ML techniques," said Hamilton Reiner, Head of U.S. Structured Equity for J.P. Morgan Asset Management. "The investment process is driven by machine learning and works off the core belief that there is significant alpha potential in portfolio construction, creating value through both security selection and allocation decisions." The fund represents the collaboration of existing teams including data scientists, technologists, and fundamental analysts. Together the teams created infrastructure to construct a cloud-based process that can analyze information at tremendous scale. "Our investors have long used data as part of their research process. We have used our decades of proprietary data and expertise to build upon that tradition, leveraging the power of the cloud and our data science capabilities in order to analyze an ever-increasing volume of information. We're able to apply that scale of information and insight to our investment decision-making processes," said Mr. Reiner. The firm has been working toward this combination of fundamental investment management and data science for some time, culminating in a new business unit to focus on the application of AI/ML to its business. "We started the build out of our data science and equity data science teams about six years ago and have been applying capabilities across our investment teams,Our new Investment Platform unit seeks to amplify the application of those capabilities, creating future-state strategies for our clients, and bringing under one roof our unique talent in investment data, data science, equity trading & analytics, derivatives and broker relationships." Kristian West, Global Head of Investment Platform for J.P. Morgan Asset Management The U.S. Applied Data Science Value Fund is managed by portfolio managers Eric Moreau, Wonseok Choi, and Andrew Stern, part of the U.S. Structured Equity team led by Hamilton Reiner. About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under management of $2.7 trillion (as of 9/30/2021), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.

Read More

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.

Read More

BUSINESS STRATEGY

Revenue Growth and Increased Profitability mark Subex’s Q2FY21 Results

subex | November 09, 2020

Subex, a pioneer in the space of Digital Trust, today announced its consolidated financial results for the quarter ended September 30, 2020. Performance Highlights for the quarter ended September 30, 2020: Revenue for the quarter at INR 933 million as against INR 857 million in Q2FY20 EBITDA for the quarter at INR 254 million as against INR 207 million in Q2FY20 EBITDA excluding Forex gains/losses for the quarter at INR 298 million as against INR ­­­178 million in Q2FY20 Profit after Tax (PAT) for the quarter at INR 123 million as against INR 63 million in Q2FY20 Vinod Kumar, Managing Director & CEO, Subex, said, “During a period where the industry as a whole is continuing to come to grips with the ‘new normal’, we are very pleased to report both revenue and profit growth for the second quarter of FY21. Market traction, along with our singular focus on Digital Trust, is slowly building the growth momentum. Despite the challenges of remote working, we are performing well on delivery and operations. With the recent appointment of our new CTO, we have augmented the management bandwidth required to drive an exciting product roadmap intended to expand our digital trust portfolio. We will also be strengthening our engagement with global strategic partners around our new solutions and technology areas such as blockchain, AI/ML to drive wider market adoption.“ Commenting on the results, Anil Singhvi, Chairman of the board, said, “Despite business challenges globally due to Pandemic, Subex has done very well. Continued good performance on all fronts, cleaned up balance sheet and improved free cash flows, are enabling us to invest in newer businesses and service our reduced capital base well” Highlights of the Quarter Launched Partner Ecosystem Management which will allow CSPs to accelerate their digital services portfolio expansion Listed as a Sample Provider for Augmented Analytics in Gartner’s Emerging Technologies and Trends Impact Radar for Artificial Intelligence in Telecom report Selected by a Tier-I Middle East operator for ROC Revenue Assurance and ROC Fraud Management Secured a new deal with a regulatory body in Africa to validate the revenues reported by operators in the region and the associated license fees Update on Capital Reduction Completed the capital reduction process Trading of new Subex shares commenced w.e.f. 5th November, 2020 About Subex Subex is a pioneer in enabling Digital Trust for businesses across the globe. Founded in 1994, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability. With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability, and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust. Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services. Subex has more than 300 installations across 90+ countries.

Read More

Spotlight

Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes

Resources