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VAST Data Accelerates CeGaT Genetic Data Analytics, Delivering Medical Insights Significantly Faster Than Competing Hybrid Storage Solution

VAST Data
VAST Data, the data platform company for the AI-powered world, today announced the company was selected by CeGaT to accelerate time-to-insight for genetic analytics essential to diagnostic healthcare, genetic research and pharmaceutical discovery. VAST’s high-capacity all-flash data platform replaces CeGaT's legacy hard-drive-based solutions, which constrained the company's genome sequencing application pipeline due to scale and performance limitations.

Genome sequencing and genetic data analysis are crucial to discovering biomarkers that help doctors and scientists understand how specific diseases, such as cancer and diabetes, are formed. As genetics has evolved from the laboratory into diagnostic environments, these tools can now facilitate clinical decision-making to assist with advanced patient illness detection and make personalized medicine possible. Clinical genetics has enhanced patient care and is now an instrumental component of disease prevention and specialized targeted treatment. Since 2009, CeGaT has been helping doctors and patients find the genetic causes of rare diseases.

Today, each of CeGaT’s genome sequencers generates up to five terabytes (TB) of data. This data must be collected, analyzed and interpreted quickly and accurately. When CeGaT recognized that its existing hybrid flash + HDD storage system couldn't keep up with growing demands for speed, volume and scalability, the company turned to VAST Data’s Universal Storage data platform. VAST’s Disaggregated and Shared Everything (DASE) architecture is a revolutionary leap in system scale, performance and resiliency. It brings the simplicity needed to support any scale of genomic data discovery, laying the foundation for the future of CeGaT’s ambitious growth strategy.

Since deploying VAST, CeGaT’s ability to process genomic data through its pipeline has accelerated significantly, resulting in new compute hardware efficiency, savings and improvement to CeGaT’s overall business agility.

“To support our scientific and healthcare agenda, we’re constantly pioneering new ways to extract new insights from larger and larger datasets. “When we began our search for new data infrastructure, we decided that our mission-critical business would not compromise on scale or uptime. VAST Data’s Universal Storage is an always-on platform that can easily scale with our data program. The system is fast, too. The improvement to our pipeline allows us to take on more work within the same infrastructure envelope, saving us money while also driving science forward and furthering data-intensive methods of scientific discovery.”

Tim Scheurenbrand, IT director at CeGaT

CeGaT can realize the vision of an all-flash data center, without incurring exorbitant all-flash storage costs. Universal Storage combines the high performance, low-latency and capacity of hyperscale all-flash storage with novel storage efficiency algorithms to make all-flash infrastructure affordable for ever-increasing datasets. “We chose VAST because the Universal Storage concept completely won us over,” added Scheurenbrand. “With VAST we get a highly performant all-flash system for the price of a less powerful hybrid storage system.”

“CeGaT is committed to pushing the scientific boundaries of gene diagnostics, helping healthcare providers find the fastest path to patient therapy. With CeGaT, we are able to showcase the distinctive performance capabilities of our architecture and contribute to life-changing research. Ultimately, it’s about using technology for faster detection, prevention and personalized treatment plans, all in the pursuit of creating a healthier world. And that is a powerful reminder of why we do what we do,” said Peter Gadd, Vice President, International at VAST Data.

About VAST Data
VAST Data delivers the data platform at the heart of the AI-powered world, accelerating time-to-insight for workload-intensive applications. The performance, scalability, ease of use and cost efficiencies of VAST's software helps enterprise organizations overcome the historic barriers to building all-flash data centers. Launched in 2019, VAST is the fastest-selling data infrastructure startup in history.

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Big Data Management

Act-On Software launches Advanced Analytics with AI to provide most powerful analytics in a Marketing Automation Platform

GlobeNewswire | October 06, 2023

Act-On Software, a provider of enterprise marketing automation solutions that leads the market in ease-of-use and user efficiency, today launched another win for marketers: Act-On Advanced Analytics, a deep-dive analytics and custom reporting suite powered by AI. Act-On Analytics removes the need for marketers to lean on IT and data analysts to perform custom analytics on marketing campaigns, and puts the power in their hands with valuable, easy-to-understand, and shareable reporting and dashboards. The new Act-On Advanced Analytics suite builds on Act-On’s standard out-of-the-box performance reporting to include custom reports and dashboards from any data set, with flexible filtering and visualization, much like a business intelligence (BI) tool. Act-On Advanced Analytics suite includes updated funnel performance and revenue impact reports, natural language querying (NLP), and AI-driven insights. Using the built-in AI capabilities, users can ask Act-On to build unique reports or uncover previously-unknown insights. “This analytics suite is another great feature from Act-On that allows my marketing team to quantify results of our campaigns and take action to maximize success,” said Brandon Hardy, Digital Marketing Strategist at Tower Federal Credit Union, an Act-On client. “The customizable reporting and dashboards give us clear, easy-to-share information and allow us to collect valuable insights and trends from our campaigns. The new analytics suite really gives us the power to confidently move forward with strong business intelligence.” This release also builds on Act-On’s mission to align Marketing closer to Sales. Analytics users can create custom dashboards for sales and share reports and alerts, informing employees across the go-to-market organization of time-sensitive information. Users across departments can even set up their own personal custom dashboards. Act-On Business Analytics provides sophisticated reporting on marketing Funnel Performance, Attribution reporting, and Revenue Impact reports to analyze which campaigns and programs drive the most revenue. For those who want to dive deeper, Act-On has a powerful analytics engine assisted by AI that analyzes any data set in the system, with custom filters, and cross segments with other data. With Act-On Advanced Analytics, marketing users can customize reports to deeply understand marketing performance and customer engagement. AI analysis identifies trends, correlations and outliers. Act-On Analytics suite is fueled by Act-On’s cloud-based customer data lake, designed to incorporate first party, third party, and customer custom data for analysis to drive more informed and effective marketing. Act-On customers also continue to have access to Data Studio to export their data in common data formats for offline analysis. This is a true analytics package within Act-On with the power and flexibility of BI, Act-On SVP of Marketing Jeff Day said. Marketers need to be able to deeply analyze their campaigns and channels to make performance improvements. And true to Act-On’s mission of making Marketing Automation easy for the enterprise customer, with this BI engine embedded into Act-On, we make custom analytics easy for all Act-On users. Act-On Analytics is one of several advanced AI features Act-On has released this year: Act-On AI Create, a generative email content tool for marketing emails powered by OpenAI Act-On AI Predictive Lead Score, a feature to help marketers narrow the marketing funnel and hone in on the strongest leads Act-On AI Audience Insights, developed in collaboration with Intel And now, Act-On Advanced Analytics with AI “We are super excited about our innovations in AI and the value, efficiency and performance this brings our customers,” Act-On CEO Kate Johnson said. “While we see other vendors letting their MA products languish, or even divest, we at Act-On have an aggressive roadmap for innovation as we chart the course to Marketing Automation 3.0.” About Act-On Software Act-On Software provides solutions that empower marketers to engage marketing targets at every step of the customer lifecycle. Act-On makes customer data actionable so marketers can dream big and build smart, effective marketing programs to grow their businesses and generate higher customer lifetime value – all with the fastest time-to-value.

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Business Intelligence

Dremio Launches Next-gen Reflections Redefining SQL Query Acceleration

Dremio | September 15, 2023

Dremio, a renowned easy and open data lakehouse solution provider, has recently introduced its next-gen Reflections technology, marking a transformative milestone in SQL query acceleration. Dremio Reflections facilitate sub-second analytics performance across an organization's entire data ecosystem, irrespective of data location. This groundbreaking technology is redefining data access and analysis, ensuring that valuable insights are derived efficiently and swiftly, all while reducing costs to merely one-third of a typical cloud data warehouse. Reflections represent Dremio's innovative SQL query acceleration technology. Queries that leverage Reflections exhibit performance gains ranging from 10 to 100 times faster than their non-accelerated counterparts. This latest release introduces the Dremio Reflection Recommender, a pioneering feature that empowers users to accelerate Business Intelligence workloads in a matter of seconds. The Reflection Recommender automatically evaluates an organization's SQL queries and generates recommended Reflections to accelerate them. Tomer Shiran, founder of Dremio, commented, Dremio Reflections accelerate SQL queries by orders of magnitude, eliminating the need for BI extracts/imports and enabling companies to run their most mission-critical BI workloads directly on a lakehouse. With automatic recommendations and next-generation incremental updates, we've made it even easier for organizations to take advantage of this innovative technology. [Source: Business Wire] Reflection Recommender eliminates the need for labor-intensive manual data and workload analysis, making the process of obtaining the fastest and most intelligent query results effortless, requiring only a few simple actions. The user-friendly nature of the Reflection Recommender puts advanced query acceleration capabilities within the reach of all users, significantly saving both time and expenses. Dremio has also refined the process of refreshing Reflections to further bolster query performance and drive cost efficiencies. It now intelligently refreshes Reflections on Apache Iceberg tables, promptly capturing incremental data changes. This innovative approach obviates the requirement for complete data refreshes, resulting in speedier updates and reduced compute expenses. Dremio Reflections eliminates the need for data teams to export data from the data lakehouse into BI extracts or imports for analytical reasons and overcomes performance bottlenecks for BI dashboards and reports. In addition, Reflections negate the necessity of creating precomputed tables within the data lake or data warehouse to achieve sub-second performance for BI workloads, reducing the workload and complexity for data teams. About Dremio Dremio is a leading, easy and open data lakehouse solution provider, offering organizations the versatility of self-service analytics coupled with the functionality of a data warehouse and the flexibility of a data lake. Dremio's platform empowers users to harness the lightning-fast SQL query service alongside various processing engines, all on the same dataset. The company distinguishes itself through a pioneering data-as-code methodology akin to Git, which facilitates data experimentation, version control, and governance. This innovative approach enhances agility and empowers organizations to explore and manage their data resources with unprecedented efficiency. Furthermore, Dremio offers a fully managed service that expedites organizations' entry into analytics, allowing them to commence their data-driven journey within minutes.

Read More

Data Science

J.D. Power Acquires Autovista Group to Expand Automotive Data Portfolio

J.D. Power | September 18, 2023

J.D. Power, a prominent global leader in data analytics, has recently announced a definitive agreement to acquire Autovista Group, a renowned pan-European and Australian automotive data, analytics, and industry insights provider. This strategic acquisition complements J.D. Power's existing strengths in vehicle valuation and intricate vehicle specification data and analytics while significantly expanding its presence within the European and Australian automotive markets. This acquisition represents a crucial moment, as it delivers substantial value to the customers of both companies. It brings together Autovista Group's extensive European and Australian market intelligence with J.D. Power's market-leading predictive analytics, valuation data, and customer experience datasets. These complementary offerings will empower original equipment manufacturers (OEMs), insurers, dealers, and financing companies with a truly global perspective on critical industry trends. They will also provide the tools to accurately predict risk, capitalize on emerging trends, and align sales strategies with real-time market dynamics. Pete Cimmet, Chief Strategy Officer at J.D. Power, stated: The addition of Autovista Group broadens our global presence allowing us to serve our customers across key global markets including North America, Europe and Asia/Australia. We look forward to partnering with the Autovista team to launch innovative new products and pursue strategic add-on acquisitions in Europe and Australia. [Source: Business Wire] Autovista Group, through its five prominent brands—Autovista, Glass's, Eurotax, Schwacke, and Rødboka—standardizes and categorizes a multitude of technical attributes for nearly every vehicle manufactured in European and Australian markets. This comprehensive approach offers clients a 360-degree view of detailed vehicle data, which is invaluable for valuations, forecasts, and repair estimates. Furthermore, Autovista Group's robust analytical solutions and its team of seasoned experts are trusted by stakeholders across the automobile industry for their in-depth insights and benchmarks related to vehicle values, ownership, replacements, and repair costs. Under this agreement, Autovista Group's senior leadership, along with its 700 employees, will remain part of the organization, serving as J.D. Power's automotive data and analytics platform for Australia and Europe. Lindsey Roberts will continue to lead the team in her role as President of J.D. Power Europe, reporting to CEO Dave Habiger. Currently, Autovista Group is owned by Hayfin Capital Management, a prominent European alternative asset management firm. The anticipated closure of the Autovista Group acquisition is set for conclusion by the end of 2023, pending customary closing conditions and regulatory review and approval. For this transaction, RBC Capital Markets acted as the exclusive financial advisor, and Kirkland & Ellis provided legal counsel to J.D. Power. TD Cowen served as the exclusive financial advisor, with Macfarlanes, Cravath, Swaine & Moore, and Mishcon de Reya acting as legal advisors to Autovista Group and Hayfin. About J.D. Power J.D. Power, a renowned consumer insights, advisory services, and data and analytics firm, has consistently spearheaded the use of big data, artificial intelligence (AI), and algorithmic modeling to illuminate the intricacies of consumer behavior for more than half a century. With a storied legacy of providing in-depth industry intelligence on customer interactions with brands and products, J.D. Power serves as the trusted leader for the world's preeminent enterprises, spanning diverse major sectors, profoundly influencing and refining their customer-centric strategies.

Read More

Big Data Management

Ocient's Report Reveals Surge in Hyperscale Data's Impact on Firms

Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

Read More

Big Data Management

Act-On Software launches Advanced Analytics with AI to provide most powerful analytics in a Marketing Automation Platform

GlobeNewswire | October 06, 2023

Act-On Software, a provider of enterprise marketing automation solutions that leads the market in ease-of-use and user efficiency, today launched another win for marketers: Act-On Advanced Analytics, a deep-dive analytics and custom reporting suite powered by AI. Act-On Analytics removes the need for marketers to lean on IT and data analysts to perform custom analytics on marketing campaigns, and puts the power in their hands with valuable, easy-to-understand, and shareable reporting and dashboards. The new Act-On Advanced Analytics suite builds on Act-On’s standard out-of-the-box performance reporting to include custom reports and dashboards from any data set, with flexible filtering and visualization, much like a business intelligence (BI) tool. Act-On Advanced Analytics suite includes updated funnel performance and revenue impact reports, natural language querying (NLP), and AI-driven insights. Using the built-in AI capabilities, users can ask Act-On to build unique reports or uncover previously-unknown insights. “This analytics suite is another great feature from Act-On that allows my marketing team to quantify results of our campaigns and take action to maximize success,” said Brandon Hardy, Digital Marketing Strategist at Tower Federal Credit Union, an Act-On client. “The customizable reporting and dashboards give us clear, easy-to-share information and allow us to collect valuable insights and trends from our campaigns. The new analytics suite really gives us the power to confidently move forward with strong business intelligence.” This release also builds on Act-On’s mission to align Marketing closer to Sales. Analytics users can create custom dashboards for sales and share reports and alerts, informing employees across the go-to-market organization of time-sensitive information. Users across departments can even set up their own personal custom dashboards. Act-On Business Analytics provides sophisticated reporting on marketing Funnel Performance, Attribution reporting, and Revenue Impact reports to analyze which campaigns and programs drive the most revenue. For those who want to dive deeper, Act-On has a powerful analytics engine assisted by AI that analyzes any data set in the system, with custom filters, and cross segments with other data. With Act-On Advanced Analytics, marketing users can customize reports to deeply understand marketing performance and customer engagement. AI analysis identifies trends, correlations and outliers. Act-On Analytics suite is fueled by Act-On’s cloud-based customer data lake, designed to incorporate first party, third party, and customer custom data for analysis to drive more informed and effective marketing. Act-On customers also continue to have access to Data Studio to export their data in common data formats for offline analysis. This is a true analytics package within Act-On with the power and flexibility of BI, Act-On SVP of Marketing Jeff Day said. Marketers need to be able to deeply analyze their campaigns and channels to make performance improvements. And true to Act-On’s mission of making Marketing Automation easy for the enterprise customer, with this BI engine embedded into Act-On, we make custom analytics easy for all Act-On users. Act-On Analytics is one of several advanced AI features Act-On has released this year: Act-On AI Create, a generative email content tool for marketing emails powered by OpenAI Act-On AI Predictive Lead Score, a feature to help marketers narrow the marketing funnel and hone in on the strongest leads Act-On AI Audience Insights, developed in collaboration with Intel And now, Act-On Advanced Analytics with AI “We are super excited about our innovations in AI and the value, efficiency and performance this brings our customers,” Act-On CEO Kate Johnson said. “While we see other vendors letting their MA products languish, or even divest, we at Act-On have an aggressive roadmap for innovation as we chart the course to Marketing Automation 3.0.” About Act-On Software Act-On Software provides solutions that empower marketers to engage marketing targets at every step of the customer lifecycle. Act-On makes customer data actionable so marketers can dream big and build smart, effective marketing programs to grow their businesses and generate higher customer lifetime value – all with the fastest time-to-value.

Read More

Business Intelligence

Dremio Launches Next-gen Reflections Redefining SQL Query Acceleration

Dremio | September 15, 2023

Dremio, a renowned easy and open data lakehouse solution provider, has recently introduced its next-gen Reflections technology, marking a transformative milestone in SQL query acceleration. Dremio Reflections facilitate sub-second analytics performance across an organization's entire data ecosystem, irrespective of data location. This groundbreaking technology is redefining data access and analysis, ensuring that valuable insights are derived efficiently and swiftly, all while reducing costs to merely one-third of a typical cloud data warehouse. Reflections represent Dremio's innovative SQL query acceleration technology. Queries that leverage Reflections exhibit performance gains ranging from 10 to 100 times faster than their non-accelerated counterparts. This latest release introduces the Dremio Reflection Recommender, a pioneering feature that empowers users to accelerate Business Intelligence workloads in a matter of seconds. The Reflection Recommender automatically evaluates an organization's SQL queries and generates recommended Reflections to accelerate them. Tomer Shiran, founder of Dremio, commented, Dremio Reflections accelerate SQL queries by orders of magnitude, eliminating the need for BI extracts/imports and enabling companies to run their most mission-critical BI workloads directly on a lakehouse. With automatic recommendations and next-generation incremental updates, we've made it even easier for organizations to take advantage of this innovative technology. [Source: Business Wire] Reflection Recommender eliminates the need for labor-intensive manual data and workload analysis, making the process of obtaining the fastest and most intelligent query results effortless, requiring only a few simple actions. The user-friendly nature of the Reflection Recommender puts advanced query acceleration capabilities within the reach of all users, significantly saving both time and expenses. Dremio has also refined the process of refreshing Reflections to further bolster query performance and drive cost efficiencies. It now intelligently refreshes Reflections on Apache Iceberg tables, promptly capturing incremental data changes. This innovative approach obviates the requirement for complete data refreshes, resulting in speedier updates and reduced compute expenses. Dremio Reflections eliminates the need for data teams to export data from the data lakehouse into BI extracts or imports for analytical reasons and overcomes performance bottlenecks for BI dashboards and reports. In addition, Reflections negate the necessity of creating precomputed tables within the data lake or data warehouse to achieve sub-second performance for BI workloads, reducing the workload and complexity for data teams. About Dremio Dremio is a leading, easy and open data lakehouse solution provider, offering organizations the versatility of self-service analytics coupled with the functionality of a data warehouse and the flexibility of a data lake. Dremio's platform empowers users to harness the lightning-fast SQL query service alongside various processing engines, all on the same dataset. The company distinguishes itself through a pioneering data-as-code methodology akin to Git, which facilitates data experimentation, version control, and governance. This innovative approach enhances agility and empowers organizations to explore and manage their data resources with unprecedented efficiency. Furthermore, Dremio offers a fully managed service that expedites organizations' entry into analytics, allowing them to commence their data-driven journey within minutes.

Read More

Data Science

J.D. Power Acquires Autovista Group to Expand Automotive Data Portfolio

J.D. Power | September 18, 2023

J.D. Power, a prominent global leader in data analytics, has recently announced a definitive agreement to acquire Autovista Group, a renowned pan-European and Australian automotive data, analytics, and industry insights provider. This strategic acquisition complements J.D. Power's existing strengths in vehicle valuation and intricate vehicle specification data and analytics while significantly expanding its presence within the European and Australian automotive markets. This acquisition represents a crucial moment, as it delivers substantial value to the customers of both companies. It brings together Autovista Group's extensive European and Australian market intelligence with J.D. Power's market-leading predictive analytics, valuation data, and customer experience datasets. These complementary offerings will empower original equipment manufacturers (OEMs), insurers, dealers, and financing companies with a truly global perspective on critical industry trends. They will also provide the tools to accurately predict risk, capitalize on emerging trends, and align sales strategies with real-time market dynamics. Pete Cimmet, Chief Strategy Officer at J.D. Power, stated: The addition of Autovista Group broadens our global presence allowing us to serve our customers across key global markets including North America, Europe and Asia/Australia. We look forward to partnering with the Autovista team to launch innovative new products and pursue strategic add-on acquisitions in Europe and Australia. [Source: Business Wire] Autovista Group, through its five prominent brands—Autovista, Glass's, Eurotax, Schwacke, and Rødboka—standardizes and categorizes a multitude of technical attributes for nearly every vehicle manufactured in European and Australian markets. This comprehensive approach offers clients a 360-degree view of detailed vehicle data, which is invaluable for valuations, forecasts, and repair estimates. Furthermore, Autovista Group's robust analytical solutions and its team of seasoned experts are trusted by stakeholders across the automobile industry for their in-depth insights and benchmarks related to vehicle values, ownership, replacements, and repair costs. Under this agreement, Autovista Group's senior leadership, along with its 700 employees, will remain part of the organization, serving as J.D. Power's automotive data and analytics platform for Australia and Europe. Lindsey Roberts will continue to lead the team in her role as President of J.D. Power Europe, reporting to CEO Dave Habiger. Currently, Autovista Group is owned by Hayfin Capital Management, a prominent European alternative asset management firm. The anticipated closure of the Autovista Group acquisition is set for conclusion by the end of 2023, pending customary closing conditions and regulatory review and approval. For this transaction, RBC Capital Markets acted as the exclusive financial advisor, and Kirkland & Ellis provided legal counsel to J.D. Power. TD Cowen served as the exclusive financial advisor, with Macfarlanes, Cravath, Swaine & Moore, and Mishcon de Reya acting as legal advisors to Autovista Group and Hayfin. About J.D. Power J.D. Power, a renowned consumer insights, advisory services, and data and analytics firm, has consistently spearheaded the use of big data, artificial intelligence (AI), and algorithmic modeling to illuminate the intricacies of consumer behavior for more than half a century. With a storied legacy of providing in-depth industry intelligence on customer interactions with brands and products, J.D. Power serves as the trusted leader for the world's preeminent enterprises, spanning diverse major sectors, profoundly influencing and refining their customer-centric strategies.

Read More

Big Data Management

Ocient's Report Reveals Surge in Hyperscale Data's Impact on Firms

Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

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