BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Neo4j Announces General Availability of its Next-Generation Graph Database Neo4j 5

Neo4j | November 09, 2022 | Read time : 03:00 min

Neo4j Announces General Availability of its Next-Generation
Neo4j®, the leader in graph technology, announced today the general availability of Neo4j 5, the next-generation cloud-ready graph database. Neo4j 5 widens the performance lead of native graphs over traditional databases while providing easier scale-out and scale-up across any deployment, whether on-premises, in the cloud, hybrid, or multi cloud. The result empowers organizations to more quickly create and deploy intelligent applications at large scale and achieve greater value from their data.

"Graph technology adoption is accelerating as organizations seek better ways to leverage connections in data to solve complex problems at scale," said Emil Eifrem, CEO and Co-founder of Neo4j. "We designed Neo4j 5 to deliver the type of scalability, agility, and performance that enable organizations to push the envelope on what's possible for their data and their business."

Neo4j 5's specific benefits include:
  • Query language improvements and up to 1000x faster query performance. New syntax makes it even easier to write complex pattern-matching queries. Improvements in indexes, query planning, and runtime make Neo4j 5 the fastest implementation ever. For example, multi-hop queries can now be executed up to 1000x faster than Neo4j 4. These improvements are above and beyond the already exponentially faster Neo4j's graph results over traditional databases. Together, these benefits enable more real-time results at scale.
  • Automated scale-out across hundreds of machines, enabling self-managed customers to grow and handle a massive number of queries with little manual effort and significantly less infrastructure cost. This benefit is achieved via new and enhanced features like Autonomous Clustering and Fabric, enabling organizations to efficiently operate very large graphs and scale out in any environment. Neo4j 5 also automates the allocation and reassignment of computing resources.
  • Continuous updates across all deployments, whether in the cloud, multi-cloud, hybrid, or on-prem. Neo4j 5 ensures ongoing compatibility between self-managed and Aura workloads managed by Neo4j. In addition, a new tool called Neo4j Ops Manager provides a unified single pane for easy monitoring and management of global deployments, giving customers full control over their environments.

Neo4j 5 performance lead sets a new industry bar
More than 1,300 organizations trust Neo4j's technology to power mission-critical applications while maintaining performance, security, and data integrity. Neo4j 5 extends the company's leadership even further at a time when graph adoption is exploding.

"Switching to Neo4j was a huge win for us," said David Fox, Senior Software Engineer at Adobe and Co-founder & Engineering Lead at devRant. "We've seen significant performance improvements, and a great reduction in complexity, storage, and infrastructure costs. Staff now focus on improving the infrastructure, versus spending time frustratingly micro-managing it."

For more information
To learn more about Neo4j 5, visit the Neo4j 5 web page, read "Scale New Heights with Neo4j 5 Graph Database," or register for the following sessions at the upcoming online developer conference NODES 2022: "What's New in Neo4j 5 and Aura 5 for Developers" and "Introducing Neo4j 5 for Administrators."

About Neo4j
Neo4j is the world's leading graph data platform. We help organizations – including Comcast, ICIJ, NASA, UBS, and Volvo Cars – capture the rich context of the real world that exists in their data to solve challenges of any size and scale. Our customers transform their industries by curbing financial fraud and cybercrime, optimizing global networks, accelerating breakthrough research, and providing better recommendations. Neo4j delivers real-time transaction processing, advanced AI/ML, intuitive data visualization, and more.

Spotlight

The pace for change in IT continues to rise, but how exactly are companies adapting for Modern Data Protection? In the new Veeam® report, more than 3,000 IT professionals around the world were surveyed on their IT and data protection drivers and strategies heading into 2022. Download the 2022 Data Protection Trends report to lea


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BIG DATA MANAGEMENT, BUSINESS STRATEGY, DATA SCIENCE

WNS Acquires Two Firms to Enhance Digital Analytics and Procurement Capabilities

WNS | December 19, 2022

WNS Limited, a leading provider of global Business Process Management (BPM) solutions, today announced it has acquired The Smart Cube, a leader in platform-driven research and analytics (R&A) focused on procurement and supply chain, and OptiBuy, a leading European provider of procurement platform consulting and implementation solutions. These assets are complementary to WNS’ existing offerings and strengthen the company’s capabilities in both high-end procurement and advanced analytics. The Smart Cube Founded in 2003 and headquartered in London, UK, The Smart Cube provides digitally-led market intelligence and analytics solutions. The company’s offerings span four key areas including procurement and supply chain, commercial sales and marketing, digital and analytics, and strategy and investment research. The Smart Cube leverages their proprietary digital AI knowledge management platform called “Amplifi Pro” to help clients drive improved procurement and market intelligence and insight-based decision making. They also bring strong front-end advisory capabilities and a large European footprint to the WNS portfolio. The company has over 800 global employees including a seasoned leadership team with CXO-level relationships, and more than 600 talented R&A specialists with approximately 2/3 holding a Master’s degree. The acquisition of The Smart Cube was completed today. Consideration for the transaction is $125.0 million including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital. Based on The Smart Cube’s revenue generated in calendar 2022, the acquisition is expected to add approximately $9 million to WNS’ net revenue in fiscal 2023, and to be dilutive by $0.01 to WNS’ fiscal 2023 adjusted diluted earnings per share. "The Smart Cube is proud to become part of WNS, an industry leader in global Business Process Management. Both of our firms share a common philosophy of partnering and growing with clients, and believe our businesses continue to have huge growth opportunities ahead. “Over the last 20 years, we have built a strong business based on delivering value for our clients leveraging our unique AI+HI (artificial intelligence + human intelligence) methodology. We are delighted to now join WNS in the next phase of our growth journey.” Gautam Singh, Founder and CEO of The Smart Cube OptiBuy Founded in 2010 and headquartered in Warsaw, Poland, OptiBuy is a leading European provider of procurement platform consulting and implementation solutions. The company helps clients leverage the capabilities of leading 3rd party procurement and supply chain platforms including Ivalua, Jaggaer, and O9, and complements WNS’ existing offerings with platforms such as Coupa and Ariba. In addition, OptiBuy also provides consulting, optimization, outsourcing, and training services to their clients. Currently focused on the EMEA market, the company has approximately 90 employees including more than 40 senior-level certified platform implementation professionals based in Poland. WNS views expansion of these capabilities into the North American market as a significant opportunity. The acquisition of OptiBuy was completed on December 14, 2022. Consideration for the transaction is €30.0 million including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital. Based on OptiBuy’s revenue generated in calendar 2022, the acquisition is expected to add approximately $2 million to WNS’ net revenue* in fiscal 2023, and to be neutral to WNS’ fiscal 2023 adjusted diluted earnings per share. “On behalf of the entire team at OptiBuy, we are excited to become part of WNS and believe that the combination of our two firms will enable the creation of differentiated, end-to-end digital procurement and supply chain solutions for the global marketplace,” said Mateusz Borowiecki, Managing Director of OptiBuy. “We look forward to building on the capabilities we have created over the past 12 years and working with the WNS team as we help clients leverage digital technologies to drive long-term business value.” WNS has funded the up-front payments for these acquisitions with a combination of cash on hand and £83 million of long-term debt. “Both of these companies possess unique, digitally-led/human intelligence capabilities which are complementary to WNS’ existing procurement and analytics offerings, and are also complementary with each other. The Smart Cube and OptiBuy bring experienced leadership teams, highly specialized resources, and differentiated technology offerings to the WNS portfolio. These companies also have blue-chip customer bases with extensive cross-selling opportunities, and proven track records of delivering strong top line growth, healthy margins, and high levels of customer satisfaction. We believe that The Smart Cube and OptiBuy will significantly enhance our WNS-Denali (procurement) and WNS-Triange (analytics) solutions, and help accelerate our positioning and growth in these strategic areas. On behalf of myself and the entire WNS team, we are excited to welcome the talented teams of The Smart Cube and OptiBuy to the WNS family,” said Keshav R. Murugesh, WNS’ Chief Executive Officer. About WNS WNS Limited is a leading Business Process Management (BPM) company. WNS combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally led transformational solutions with over 400 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of September 30, 2022, WNS had 57,503 professionals across 60 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, BUSINESS STRATEGY

BayBridgeDigital Expands Partnership With Snowflake To Turn Data Into Insights For Salesforce Customers

BayBridgeDigital | December 15, 2022

BayBridgeDigital, the game-changing software company, announced the expansion of their partnership with snowflake, the Data Cloud company, to simplify business data pipelines and optimize data stored in the cloud for Salesforce customers. The partnership will allow salesforce customers to help their clients build data-based technology solutions. We’re excited to expand our partnership with Snowflake to give our Salesforce customers better experiences and the opportunity to better leverage their data. Alain Attias, CEO at BayBridgeDigital BayBridgeDigital is strengthening its cloud solutions across the retail industry by combining Snowflake’s single, integrated platform with Salesforce clouds to allow customers to drive real-time and seamless customer-centric outcomes. “We look forward to the continuation of our partnership with BayBridgeDigital as we work together to unlock new value for customers and assist them in their digital journeys” Edouard Beaucourt, Country Manager of France at Snowflake.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Tellius Enhances Decision Intelligence Platform to Unify Insights Across Disparate Datasets

Tellius | November 10, 2022

Tellius today announced the latest version of its decision intelligence platform with new features including Multi-Business View Vizpads. The enhancements in Tellius 4.0 will help users unify insights for more holistic views, accelerate ad hoc analysis in an enterprise-controlled manner, and get faster onboarding and time to insights. Introducing Multi-Business View Vizpads As the number of dashboards grow in a company, so does the amount of context switching and stitchwork to get the full picture of what is happening in the business to make better decisions. As a result, most organizations today are experiencing disconnected decision-making—leading to missed opportunities to increase revenue and improve customer retention. To reduce this friction, Tellius has added Multi-Business View Vizpads (MBV Vizpads) to its platform, unifying analysis across disparate data sources. Now, users can gain greater visibility into data across sources without needing to toggle through multiple dashboards, enabling better collaboration, efficiency, and decision-making across different functions. For example, marketing teams could use MBV Vizpads to view Google Analytics site traffic alongside Salesforce data for an omni-view of the journey from visitor to prospect to customer, all in one place. This data can then be fed into Tellius’ AI-driven decision intelligence engine to uncover the what, why, and how that informs better business decisions. “Tellius recognizes that business decisions are rarely narrow in scope, so the new ability for VizPads to work across Business Views is important. But I think they go further than just decision support — it’s decision management. For a well-governed business, the ability to track and evaluate outcomes is just as critical as the decision itself," said Donald Farmer, a data and analytics product expert and Principal at TreeHive Strategy Services. Delivering enterprise-grade ad hoc analysis and faster time to insights In addition to introducing MBV Vizpads, Tellius also rolled out a host of other features, including: Guided walkthroughs, in-app chat, and feedback support to improve the onboarding and user experience, empowering customers to realize value from insights faster than ever before Enhanced search disambiguation and date operators to make Tellius’ search functionality more robust Default User Groups, Spark SQL support, and OAuth support for Snowflake Audit logs to deliver superior enterprise-grade decision intelligence capabilities. This platform enhancement news comes on the heels of Tellius’ $16 million Series B funding round led by Baird Capital. Tellius also received significant industry recognition for its decision intelligence platform this year, including being named a Visionary in the 2022 Gartner® Magic QuadrantTM for Analytics and BI Platforms and a representative vendor in the 2022 Gartner® Market Guide for Multipersona Data Science and Machine Learning Platforms. “We’ve made a fundamental shift by simplifying how users interact with Tellius. Multi-Business View Vizpads will empower business users to analyze insights across disconnected and disparate data models to unlock game-changing holistic decision-making,” said Hardik Chheda, Chief Product Officer at Tellius. “We will continue to invest in the entire user journey on our platform - with a core focus on user onboarding, supercharging our ad-hoc analysis capabilities, and adding robust enterprise capabilities.” About Tellius Tellius is an AI-driven decision intelligence platform that enables anyone to get faster insights from their data. The company helps organizations across industries, including financial services, pharmaceutical and life sciences, retail, healthcare, and high technology, accelerate their journey from data to decisions by augmenting human expertise and curiosity with intelligent automation. The company’s platform combines AI- and ML-driven automation with a search interface for ad hoc exploration, allowing users to ask questions of their business data, analyze billions of records in seconds, and gain comprehensive, automated insights in a single platform. Founded in 2016, Tellius is backed by Baird Capital, Sands Capital Ventures, Grotech Ventures, and Veraz Investments.

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BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT

Wiz and BigID Expand Partnership to Extend Visibility and Control for Enterprise Data to Prevent Breaches

BigID | November 30, 2022

BigID, the leading data platform that enables organizations to know their enterprise data and take action for privacy, security, compliance, and governance, today announced an expanded partnership with Wiz, the leading cloud security platform that rapidly enables customers to find and remove critical cloud risks. Wiz and BigID bring together Cloud-Native Application Protection (CNAPP) and Data Security Posture Management (DSPM) to reduce cloud risk and accelerate cloud security strategies. The partnership enables customers to continuously monitor for critical data exposure to help prevent breaches. Customers can take a data-driven approach when automating security controls in the cloud: making it easy to prioritize risk management based on deep data insight, with the granularity customers need to both protect data and enable secure analytics. With this integration, customers can automatically discover their data across their entire data ecosystem, prioritize vulnerable data, and mitigate potential attacks based on recommended best practices and playbooks. Wiz and BigID accelerate visibility and data protection in the cloud: Automatically discover, identify, and classify their most sensitive and vulnerable data Identify which data stores are exposed to the internet or have other cloud risks like misconfigurations, vulnerabilities, and overly permissive identities, and alert on potential exfiltration paths. Improve their security and compliance posture by prioritizing high risk data, continuously assessing and enforcing security and business policies, and blocking the attack path to sensitive data. "BigID's deep data discovery and actionable insights empowers customers to proactively protect and govern their structured and unstructured data across the public cloud, SaaS, and data center. "Our partnership with Wiz gives their CNAAP customers deeper, wider and more granular data visibility and control." Dimitri Sirota, CEO at BigID "Together with our integration and partnership, customers gain visibility and context to solve a broader set of security use cases such as preventing and investigating data breaches, complying with privacy requirements, enabling secure analytics, deleting duplicate and ROT (redundant, obsolete, and trivial) data and more," said Assaf Rappaport, CEO at Wiz. About BigID BigID is a leader in data security, privacy, compliance, and governance: enabling organizations to proactively discover, manage, protect, and get more value from their data in a single platform for data visibility and control. Customers use BigID to reduce their data risk, automate security and privacy controls, achieve compliance, and understand their data across their entire data landscape: including multicloud, hybrid cloud, IaaS, PaaS, SaaS, and on-prem data sources. BigID has been recognized as a leader in data security, compliance, privacy, and governance as CNBC's 2022 top 25 startups for the enterprise, placed #21 on the 2022 Deloitte 500, featured on the Inc 5000 for two years running, and was a 2018 RSA sandbox innovation winner. Learn more at www.bigid.com, and get started for free at www.smallid.com. About Wiz Wiz secures everything organizations build and run in the cloud. Founded in 2020, Wiz is the fastest-growing software company in the world, scaling from $1M to $100M ARR in 18 months. Wiz enables hundreds of organizations worldwide, including 30 percent of the Fortune 100, to rapidly identify and remove critical risks in cloud environments. Its customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda, among others. Wiz is backed by Sequoia, Index Ventures, Insight Partners, Salesforce, Blackstone, Advent, Greenoaks and Aglaé.

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Spotlight

The pace for change in IT continues to rise, but how exactly are companies adapting for Modern Data Protection? In the new Veeam® report, more than 3,000 IT professionals around the world were surveyed on their IT and data protection drivers and strategies heading into 2022. Download the 2022 Data Protection Trends report to lea

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