DATA SCIENCE

Newgen Software to acquire Number Theory, an AI/ML data science platform company

Newgen Software Technologies Limited | January 21, 2022

Newgen Software, a leading provider of a unified digital transformation platform, is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement.

Number Theory's platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring. It empowers both citizen and expert data scientists to work faster and more efficiently, thereby helping in accomplishing key machine learning tasks in just hours or days, not months. This acquisition will further strengthen Newgen's low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities.

"Our customers are increasingly looking to leverage data for deeper insights and accelerated growth. Number Theory will bring domain expertise, along with a powerful engine to extract actionable insights in real time. AI/ML projects often get complex, expensive, and not rewarding. What we like about Number Theory's platform is that it is for every enterprise. It lets fusion teams build, deploy, and collaborate on the entire modeling lifecycle in low code and on cloud. We look forward to welcoming the Number Theory team to the Newgen family."

Virender Jeet, CEO, Newgen

"Newgen has developed mission-critical and complex business applications for its customers across the globe, including for enterprises in the banking and insurance space. We felt that Newgen, with its strong customer portfolio and partner ecosystem, is the perfect growth partner. We are looking forward to helping our joint customers utilize their data in the enterprise with full potential using AI/ML technologies," said Rajan Nagina and Tarun Gulyani, co-founders of Number Theory.

About Newgen Software Technologies Limited
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.

Spotlight

To view the entire Big Data Think Tank series, please visit: http://www.zaloni.com/big-data-think-...


Other News
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

BIG DATA MANAGEMENT

Alteryx Ventures Announces Strategic Investment in Vertis

Alteryx | March 28, 2022

Alteryx, Inc. , the Analytics Automation company, has announced a strategic investment in Vertis, the data-driven market intelligence platform. With Vertis, enterprises can instantly visualize and analyze their employee and real estate footprint to support critical growth and culture decisions. With this investment from Alteryx Ventures, Vertis will be better positioned to scale and meet enterprise requirements and demand in the evolving talent landscape. Vertis empowers business leaders, human resource and talent executives, facilities teams and advisors to leverage data confidently as it relates to their most important asset—people. Alteryx shares a similar vision, underscoring the long-term benefits for our joint customers. "We are excited to work with Vertis to help customers drive their 'Future of Work' strategy. Both companies share a common mission to democratize data and cultivate a data-savvy workforce. The Vertis Market Intelligence Platform will help extend our customers' varied and evolving use cases." Jay Henderson, SVP of Product Management, Alteryx As companies continue to mature and evolve their workplace and talent strategies, it is imperative for key decision-makers to lean on world-class data platforms. Joint Alteryx and Vertis customers will enjoy a unique solution that weaves together billions of internal and external data points in a flexible and automated fashion. This enables leadership teams to better understand their workforce and build world-class employee experiences. Commenting on this next stage of growth, Dave Withers, Vertis CEO and Co-Founder, said, "We are thrilled to have the Alteryx team join us on our journey as we continue to build the leading platform for employee, talent, and location intelligence and data analysis. The investment illustrates Alteryx's commitment to building an ecosystem and marketplace for strategic partners with complementary technologies and a shared vision." Alteryx Ventures invests in companies with innovative technology and services that complement and expand Alteryx's analytics and data science products. Alteryx's vision centers on enabling every person to achieve breakthrough outcomes from data through analytics automation, data science and unprecedented ease –of use. About Vertis The Vertis Market Intelligence Platform empowers organizations and advisors to create and implement data-driven workforce, talent and location strategies with unprecedented speed and clarity. With Vertis, organizations can instantly visualize and explore current employee and office footprint, generate custom commute reports, and leverage external data covering a variety of topics such as talent, demographics, and commercial real estate. Users can quickly and easily bring together internal and external data to support critical decisions about their organization's future with precision and confidence. About Alteryx Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytics automation. Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce.

Read More

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.

Read More

BIG DATA MANAGEMENT

Searchable.ai announces Constellation, a Unified Data Platform for productivity workers and their teams

Searchable.ai | May 02, 2022

Searchable.ai announces Constellation, their unified data platform that brings together all the data and information that knowledge workers need, in one place. Searchable.ai launched in 2019 as a search company that enabled users to simultaneously search across all their cloud and local files. In building this capability, several of its partners saw the greater potential in the company's technology to connect the wealth of data that knowledge workers and their teams create and utilize. Given the critical challenges businesses face in efficiently sharing information across teams and platforms, Searchable.ai has invested its resources and latest round of funding into building out Constellation, a unified data platform for teams. Since January, the company has expanded its suite of integrations to include even more essential workplace apps, including Trello, Asana, Jira, Notion, and Confluence. The company continues to integrate with additional apps and services and will soon expand its support to design apps like Figma and code repositories like Github. By mid-2022, Constellation will connect with over 30 of the most used cloud applications. While Searchable.ai initially focused on unifying data and information from files, such as those created with Microsoft Office and Google Workspace apps, as well as PDFs, Constellation makes it possible to unify user-inputted SaaS data. Structured information from Jira tickets and Trello cards, for example, as well as conversations in apps like Slack, can now be searchable and shareable. Additionally, Constellation's Live Sync technology means data is constantly being updated and refreshed, so users always have access to the latest information. Built for scale, Constellation supports an unlimited amount of data and is engineered with enterprise-grade security. Eventually, Searchable.ai will enable developers to access the Constellation framework for their own apps and services, including corporations who may want to ingest this data into their own repositories. "Google, Bing, Baidu, and others aggregated web information and made it searchable; Snowflake and Databricks brought together corporate data for advanced business intelligence. But nothing analogous exists for knowledge workers. Constellation unifies work data into a single view to make knowledge instantly accessible and actionable for teams." Brian Shin, co-founder and CEO of Searchable.ai For now, Searchable.ai will leverage Constellation to extend its end-user capabilities beyond search. The company will soon be releasing Collections, a way for users to assemble groups of files, email, and cloud data in a central space where others can add, find, and access what they need for their work.

Read More