BIG DATA MANAGEMENT, DATA SCIENCE
Amazon | September 16, 2022
Today at Accelerate, Amazon’s annual seller conference, Amazon announced new features to Manage Your Experiments, a tool that helps sellers optimize content on product detail pages to drive higher rates of conversion, increasing their sales by up to 25%. Amazon also enhanced the Product Opportunity Explorer and Search Analytics Dashboard with new capabilities that help brands analyze marketing campaigns and identify areas to acquire new customers and drive repeat purchases. This new set of industry-leading tools makes it easier for sellers to tap into customer insights and analytics data to launch new products and increase sales.
“We’re focused on supporting sellers as they work to build and grow their business,” said Benjamin Hartman, vice president of Amazon North America Selling Partner Services. “The tools we’re announcing today are a direct result of seller feedback and target every step of their Amazon sales funnel, from new customer acquisition to increased lifetime value. We’re committed to continuing to develop tools and features that deliver actionable insights for sellers.”
“We have been working with Amazon since the beginning, leveraging data to build our business into one of the largest jewelry sellers on Amazon,” said Tal Masica, founder of PAVOI Jewelry. “Thanks to enhancements to the Search Analytics Dashboard and Product Opportunity Explorer, we now have the ability to analyze search trends at a granular level, giving us actionable insights to improve both trend forecasting and design for future collections – so we can continue delivering quality sustainable jewelry that our customers love to wear every day.”
Amazon offers a range of industry-leading tools that empower sellers to optimize their listings, better understand customers, differentiate their brands, and grow their business. The following new tools were announced at Accelerate 2022:
Manage Your Experiments is designed to increase the quality of product detail pages and drive higher conversion. With Manage Your Experiments, brands are able to run A/B tests on their titles, main images, and A+ content to see what performs best. Now, brands can also A/B test bullet points and descriptions, and review machine learning-based recommendations for product images and titles to drive better conversion. Additionally, brands can now opt-in to auto-publish winning experiments to the product detail page, automating their A/B tests. Sellers benefit from traffic from hundreds of millions of Amazon customers, and the new Manage Your Experiments features make it easier to test more content, faster.
Search Analytics Dashboard has expanded since its launch in early 2022 to offer a new insights dashboard that provides sellers with anonymized data to better understand customers’ interests and shopping habits. For the first time, brands can download Search Query and Catalog Performance data and new ASIN-level details. This new capability enables brands to easily assess marketing campaigns to identify areas to drive repeat purchases and acquire new customers—either directly from within Amazon’s tools or by combining Amazon data with the seller’s own business data. The enhanced Search Analytics Dashboard is launching worldwide in September.
Product Opportunity Explorer builds on its successful beta introduction in 2021, continuing to offer rich, accurate data that helps sellers understand, gauge, and evaluate product opportunities in the Amazon store. Sellers can assess the likelihood of a new product gaining traction with customers and forecast sales potential. For the first time, Amazon has now introduced an enhanced Product Opportunity Explorer with a new feature, Customer Reviews Insight. This feature helps sellers work backward from the customer, using customer feedback from product review insights and product star ratings, to help brands determine what features they should build and prioritize as they launch new products or modify existing ones.
Marketplace Product Guidance, initially announced in 2021, has been enhanced to provide Selection Recommendations—products in high demand—for U.S. sellers looking to expand to France, Italy, and Spain. Selection Recommendations give sellers insight as to products not currently offered that fit a seller’s portfolio, surfacing new growth opportunities. The tool takes the guesswork out of which products should be considered in those stores, based on customer demand. These recommendations are personalized and ranked based on their opportunity score as calculated by machine learning models that are designed to predict the best opportunities for new selection.
Every year, Amazon invests billions of dollars to improve the infrastructure, tools, services, fulfillment solutions, and resources dedicated to helping sellers succeed. Sellers are responsible for more than half of Amazon’s physical product sales; sellers in our store employed and provided jobs for more than 1.5 million people in the United States.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT, BUSINESS STRATEGY
Datamatics | November 11, 2022
Quadrant Knowledge Solutions announced today that it has named Datamatics, a global Digital Technologies, Operations, and Experiences Company, as a 2022 technology Challenger in the SPARK Matrix analysis of the global Data Management & Analytics Services market
The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix. It gives strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.
According to Sreejith PS, Analyst, Quadrant Knowledge Solutions, "Datamatics provides enterprise data management consulting services by assessing their client's current strategy. This assists in either building on the client's available technology stack by utilizing Datamatics' IP, solution accelerators, and frameworks, or in form of offering bespoke BI Analytics services by utilizing its industry expertise & BI platforms. The company also provides a data management competence matrix comprising data governance, data architecture, data models, data quality, and data security as a part of its well-curated ecosystem of partners and products." Sreejith added, "Datamatics, with its comprehensive capabilities, compelling customer references, comprehensive roadmap and vision, has received strong ratings across the parameters of technology excellence and customer impact and has been positioned as a challenger in SPARK Matrix: Data Management & Analytics Services, 2022."
Sachin Rane, Executive Vice President & Head – Software Solutions, Datamatics Global Solutions Limited, expressed, "Data management is one of the topmost priorities of the enterprises in today's time, there are silos of information or data across organization, and they are looking for a cohesive strategy to manage it.
"Datamatics' Enterprise Data Management (EDM) practice offers end-to-end data management solutions as well as point solutions to enable businesses disembark on their data to intelligence journey. He further added, "We are pleased to be a part of the Quadrant Spark Matrix - Data Management and Analytics Services, 2022. This reflects the robust comprehensive functional service capability, domain-specific rich expertise and global service coverage of Datamatics EDM."
Datamatics a Digital Operations, Technology and Experiences company that provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience. With a completely digital approach, Datamatics portfolio spans Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Artificial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automatic Fare Collection. Datamatics services global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. The Company has a presence across 4 continents with major delivery centers in the USA, India, and the Philippines.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client's business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
BUSINESS INTELLIGENCE, BIG DATA MANAGEMENT
Comet | November 17, 2022
Comet, provider of the leading MLOps platform for machine learning (ML) teams from startup to enterprise, today announced a bold new product: Kangas. Open sourced to democratize large scale visual dataset exploration and analysis for the computer vision and machine learning community, Kangas helps users understand and debug their data in a new and highly intuitive way. With Kangas, visualizations are generated in real time; enabling ML practitioners to group, sort, filter, query and interpret their structured and unstructured data to derive meaningful information and accelerate model development.
Data scientists often need to analyze large scale datasets both during the data preparation stage and model training, which can be overwhelming and time-consuming, especially when working on large scale datasets. Kangas makes it possible to intuitively explore, debug and analyze data in real time to quickly gain insights, leading to better, faster decisions. With Kangas, users are able to transform datasets of any scale into clear visualizations.
“A key component of data-centric Machine Learning is being able to understand how your training data impacts model results and where your model predictions are wrong. “Kangas accomplishes both of these goals and dramatically improves the experience for ML practitioners.”
Gideon Mendels, CEO and co-founder of Comet
Putting Large Scale Machine Learning Dataset Analysis at Your Fingertips
Developed with the unique needs of ML practitioners in mind, Kangas is a scalable, dynamic and interoperable tool that allows for the discovery of patterns buried deep within oceans of datasets. With Kangas, data scientists can query their large-scale datasets in a manner that is natural to their problem, allowing them to interact and engage with their data in novel ways.
Noteworthy benefits of Kangas include:
Unparalleled Scalability: Kangas was developed to handle large datasets with high performance.
Purpose Built: Computer Vision/ML concepts like scoring, bounding boxes and more are supported out-of-the-box, and statistics/charts are generated automatically.
Support for Different Forms of Media: Kangas is not limited to traditional text queries. It also supports images, videos and more.
Interoperability: Kangas can run in a notebook, as a standalone local app or even deployed as a web app. It ingests data in a simple format that makes it easy to work with whatever tooling data scientists already use.
Open Source: Kangas is 100% open source and is built by and for the ML community.
Kangas was designed for the entire community, to be embraced by students, researchers and the enterprise. As individuals and teams work to further their ML initiatives, they will be able to leverage the full benefits of Kangas. Being open source, all are able to contribute and further enhance it as well.
“Interoperability and flexibility are inherent in Comet’s value proposition, and Comet aims to expand on that value through open source contributions,” added Mendels. “Kangas is a continuation of all of our efforts, and we couldn’t wait to get its capabilities into the hands of as many data scientists, data engineers and ML engineers as possible. We believe by open sourcing it, Comet can help teams get the most out of their ML projects in ways that have not been possible previously.”
Kangas is available as an open source package for any type of use case. It will be available under Apache License 2 and is open to contributions from community members.
Comet provides an MLOps platform that data scientists and machine learning teams use to manage, optimize, and accelerate the development process across the entire ML lifecycle, from training runs to monitoring models in production. Comet’s platform is trusted by over 150 enterprise customers including Affirm, Cepsa, Etsy, Uber and Zappos. Individuals and academic teams use Comet’s platform to advance research in their fields of study. Founded in 2017, Comet is headquartered in New York, NY with a remote workforce in nine countries on four continents. Comet is free to individuals and academic teams. Startup, team, and enterprise licensing is also available.
BIG DATA MANAGEMENT, BUSINESS STRATEGY
Striim | September 21, 2022
Striim, a global leader in unified real-time data integration and streaming, today announced at the Big Data LDN conference and expo that Striim has joined the Databricks Technology Partner Program. Databricks Technology Partners integrate their solutions with Databricks to provide complementary capabilities for ETL, data ingestion, business intelligence, machine learning, and governance. Striim’s integration with Databricks enables enterprises to leverage the Databricks Lakehouse Platform’s reliability and scalability to innovate faster while deriving valuable data insights in real-time via Striim’s real-time streaming capabilities.
“It’s clear that the businesses that can make accurate, data-driven decisions more quickly have a clear advantage over their competitors. “We intentionally partner with technology providers like Striim to enable our customers to speed their time-to-insight via Databricks AI/ML solutions. We are excited to partner with Striim, providing our customers access to a fully-managed cloud service to seamlessly connect data from databases, applications, and disparate clouds to Databricks in real-time.”
Ariel Amster, director of strategic technology partners at Databricks
The Databricks Lakehouse Platform combines the best elements of data lakes and data warehouses, enabling users to unify their data, analytics, and AI, build on open-source technology, and maintain a consistent platform across clouds. Striim enables Databricks’s AI/ML to create new models that leverage real-time data resulting in far more accurate business predictions. This, in turn, means better decisions more quickly, giving businesses and significant competitive edge.
“In today's digital economy, customer experience, data movement, and data governance require real-time streaming data. Legacy batch processes simply are not enough to meet the demands of today’s AI/ML applications,” said Philip Cockrell, Striim’s senior vice president of Business Development. “Striim’s software-as-a-service offering delivers ‘best-in-class’ capabilities for real-time data integration, helping Databricks customers more fully realize the proven AI/ML functionality Databricks delivers.”
Striim Cloud delivers these capabilities for the enterprise in a managed service format that eliminates the complexity of building low-latency streaming data pipelines at scale. Instead of spending weeks implementing this new infrastructure, global enterprises can now integrate data from disparate sources in just a few clicks.
Striim, Inc. is the only supplier of unified, real-time data streaming and integration for analytics and operations in the Digital Economy. Striim Platform and Striim Cloud make it easy to continuously ingest, process, and deliver high volumes of real-time data from diverse sources (both on-premises or in the cloud) to support multi- and hybrid cloud infrastructure. Striim collects data in real time from enterprise databases (using non-intrusive change data capture), log files, messaging systems, and sensors, and delivers it to virtually any target on-premises or in the cloud with sub-second latency enabling real-time operations and analytics.