BIG DATA MANAGEMENT
HealthWorksAI | December 30, 2021
HealthWorksAI™, an industry-leading Healthcare analytics company, announces the launch of the 2nd generation of their state-of-the-art xAI program. It's an advanced analytical approach that collects and processes data, generating in-depth market analysis which standard models do not uncover. Allowing data scientists an efficient way to measure the impact of various plan attributes/factors, xAI provides a better understanding of the correlation between plan features and beneficiary preference. It also provides insights into the influence of multiple verticals at the market level. The models are then combined with the human-computer interface (HCI) features capable of translating models into practical explanations for end users.
"We use a combination of Rule-based algorithms, Random Forest, and Artificial Neural Networks to develop our proprietary prediction, classification, and performance metrics. Advanced analytics & xAI comes to play in the modeling and evaluation phases of data mining. To achieve this, we use LIME and DeepLIFT, as an example, to achieve far superior results."
Shreya, Data Scientist of HealthWorksAI™
The xAI program, released in early 2021, has been a huge success for HealthWorksAI, leading as their most subscribed platform module in its first year. The 2nd generation, which will see releases begin in early Q2, includes multiple platform enhancements as well as new approaches to xAI methodologies.
"We're excited to announce the expansion of our xAI program for MA Payors," noted Jereme Ayers, Chief Growth Officer of HealthWorksAI. "One of the defining aspects of our company is the partnership our clients provide. We appreciate their faith and confidence and look forward to delivering even more for them in 2022!"
HealthWorksAI™ is a privately held healthcare data analytics company in the US that provides healthcare payors with rapid access to very efficient and insightful Medicare Advantage market data, accurate predictions, and a reliable single source of truth for strategic decision-making.
Compass UOL | December 24, 2021
Compass UOL, a global digital transformation company, and Furious Technologies, a North American revenue management and pricing optimization solutions provider, announced a strategic collaboration to provide online sellers in Latin America and USA with an integrated digital commerce solution.
The partnership will combine advanced cloud-based data science and Compass UOL's digital next-generation platforms services portfolio with Furious Technologies' artificial intelligence models for data-driven pricing. It will enable organizations to innovate, make better data-driven decisions, solve business challenges, and increase business value. The objective is to seize insights and use data generated by customer digital interactions to help sellers optimize price and increase average value per customer by dynamically recommending relevant products and purchase incentives.
Data-driven pricing, revenue management and higher margins
While typical IT departments deal with an overload of demands and daily problems, which makes it difficult to meet business's innovation and expansion goals, Compass UOL and Furious Technologies believe that end-to-end customer journeys must be created in the cloud and optimized to ensure continuous growth.
According to Alexis Rockenbach, CEO at Compass UOL, many companies are burdened by the need to increasingly use data to drive business decisions, solve supply chain issues and deal with the increasing material costs. As a result, they lack time and attention to customer touchpoints, or to sales and marketing overall.
"Compass UOL and Furious Technologies combine experience, data science and proven methodologies to maximize revenue, deploy state-of-the-art technology, and mentor customer-oriented teams on business acceleration", concludes Rockenbach.
Combining diverse US-based business teams, companies will be able to drive significant business development acceleration, having the potential to serve hundreds of B2B and B2C sellers in Latin America and the United States in the short term, and expand to other regions in the future.
"Compass UOL and Furious' cloud and virtual structure offer customers a scalable solution to meet their immediate needs to both manage risk and combat disruption. This combination of flexibility and experience provides an optimal environment to perform and deliver business transformation solutions. This effort enables businesses to ensure that the entire online journey is set to improve service, revenue and exponentially expand customer reach."
Ashley J. Swartz, CEO at Furious Technologies.
Qontigo | January 11, 2022
Qontigo, a leading provider of innovative risk, analytics and index solutions has made available ISS ESG, Clarity AI and Sustainalytics data within its financial optimizer, Axioma Portfolio Optimizer (APO). Sustainalytics will also be integrated into Axioma Portfolio Analytics (APA) for performance attribution and reporting as well as Axioma Risk Model Machine (RMM), which allows users to create custom risk models.
With this direct integration into Axioma portfolio construction tools, asset managers, wealth managers and asset owners will be able to construct portfolios actively tilting towards a combination of ESG attributes; identify point-in-time ESG exposures; create desired hedges; develop custom risk models that explain risk and return; and run performance attribution based on ESG attributes.
Using its proprietary Risk Entity Framework, Qontigo is able to consolidate and normalize sustainability-linked content from multiple sources, ensuring consistency across multiple asset classes.
"We know that there's a great need for sustainability to inform the investment process and so it's important for us to offer clients a breadth of best-in-class content," said Chris Sturhahn, Chief Product Officer for Analytics at Qontigo. "Clients running strategies with ESG-linked goals – from climate to impact – may already be working with a number of vendors, but they can now benefit from more seamless data integration with leading analytics tools for portfolio construction, risk and reporting, which could result in lower total cost of ownership."
The forthcoming introduction of sustainability content into Axioma multi-asset class, cloud-native offerings will enable investment managers to also manage their portfolios with respect to a wide spectrum of sustainability-linked investment targets, as well as generate output that helps with sustainability-linked management, investor and regulatory requirements.
"We are pleased to offer our market-leading ESG data through the Axioma Portfolio Optimizer, initially starting with a focus on climate and encompassing emissions data, physical and transitional risk metrics, and scenario data across approximately 28,000 issuers," said Dr. Maximilian Horster, Head of ISS ESG, the responsible investment arm of Institutional Shareholder Services Inc. "We are excited by the opportunities this partnership affords mutual clients to access class-leading ESG and risk management solutions through an integrated channel."
"One dimension of bringing societal impact to markets is providing broad, granular and transparent ESG Risk and SDG Impact analysis, and we are excited to bring that to Qontigo and its clients," said Rebeca Minguela, Founder & CEO of Clarity AI, the global, leading sustainability tech platform. "Instead of applying analysts' subjective assessments, we leverage science-based methodologies and proprietary machine learning to deliver reliable and objective data at scale with exceptionally broad coverage. As a digital-native provider, we lead the industry in offering a comprehensive range of SaaS solutions for sustainability assessment, and integrating into Axioma Portfolio Optimizer creates the opportunity for us to illuminate paths to a more sustainable world for an even wider base of clients."
"Sustainalytics is delighted to provide Qontigo's clients with our diverse range of ESG risk and compliance solutions," said Shila Wattamwar, Global Head of Strategic Partnerships at Sustainalytics. "With ESG issues becoming a more central part of the investment decision-making process, investors can now more easily show the ESG risk attributes of their portfolios and report on them by leveraging Sustainalytics' rich ESG solutions in Qontigo's risk and analytics environment. We look forward to building on the success of our relationship with Qontigo and expanding our partnership."
Users of APO, APA and RMM will be able to access:
ISS ESG Daily Multi-Attribute files covering 2 modules across more than 28,000 entities: Climate Core and Climate Impact
Clarity AI ESG Risk ratings as well as SDG Impact metrics, with coverage that extends across 30,000 companies, 135,000 funds, 198 countries and 187 local governments
Sustainalytics Daily Multi-Attribute files covering 7 modules across more than 25,000 entities: ESG Risk Ratings, Product involvement, Controversial Weapons, Global Standards Screening, Corporate Governance and Controversies
Qontigo currently uses ISS ESG and Sustainalytics datasets for the construction of STOXX and DAX indices.
BIG DATA MANAGEMENT
Databricks | December 20, 2021
Databricks, the Data and AI company and pioneer of data lakehouse architecture, today announced that Gartner has positioned Databricks as a Leader in its 2021 Magic Quadrant for Cloud Database Management Systems (DBMS) report for the first time. In combination with its positioning as a Leader in the 2021 Gartner® Magic Quadrant for Data Science and Machine Learning Platforms (DSML) report earlier this year, Databricks is now the only cloud native vendor to be recognized as a Leader in both Magic Quadrant reports.
The Gartner report evaluated 20 different vendors based on completeness of vision and ability to execute within the rapidly evolving market.
"We consider our positioning as a Leader in both of these reports to be a defining moment for the Databricks Lakehouse Platform and confirmation of the vision for lakehouse as the data architecture of the future. We're honored to be recognized by Gartner as we've brought this lakehouse vision to life. We will continue to invest in simplifying customers' data platform through our unified, open approach."
Ali Ghodsi, CEO and Co-Founder of Databricks
We believe the uniqueness of the achievement is in how it was accomplished. It is not uncommon for vendors to show up in multiple Magic Quadrants each year across many domains. But, they are assessed on disparate products in their portfolio that individually accomplish the specific criteria of the report. The results definitively show that one copy of data, one processing engine, one approach to management and governance that's built on open source and open standards – across all clouds – can deliver class-leading outcomes for both data warehousing and data science/machine learning workloads.
We feel our position as a leader in the 2021 Magic Quadrant for DBMS underscores a year of substantial growth for the company. These milestones include the announcement of its fifth major open source project Delta Sharing, the acquisition of cutting-edge German low-code/no-code startup, 8080 Labs, as well as raising a total of $2.6 billion in funding in 2021 at a current valuation of $38 billion to accelerate the global adoption of its lakehouse platform.
Gartner, "2021 Cloud Database Management Systems," Henry Cook, Merv Adrian, Rick Greenwald, Adam Ronthal, Philip Russom, December 14, 2021
Gartner, "2021 Magic Quadrant for Data Science and Machine Learning Platforms," Peter Krensky, Carlie Idoine, Erick Brethenoux, Pieter den Hamer, Farhan Choudhary, Afraz Jaffri, Shubhangi Vashisth, March 1, 2021
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Databricks is the data and AI company. More than 5,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.