This Week in Data Preparation (Jan 24, 2020)
In this week’s blog post: (i) Funnel, a data preparation startup closes a Series B funding round, (ii) the Head of Engineering at ABN AMRO explains how the bank achieves better business results from data preparation, (iii) Qlik acquires RoxAI, and (iv) IRI collaborates with Oracle.
Funnel, a Stockholm-based startup that offers data preparation technology closes $47 million in Series B funding. Funnel focuses on offering technology to help businesses prepare — or make “business-ready” — their marketing data for better reporting and analysis. “[We have] shifted away from visualising the marketing data to ‘just’ collecting and making it business-ready as we have seen that to be the real pain point for customers,” Funnel co-founder and CEO Fredrik Skantze comments.
ABN AMRO, the Dutch Bank, is moving from data preparation to business results. As Marcel Kramer, Head of Data Engineering, explains, “ABN AMRO uses data as a key asset to further reinvent the customer experience”. Kramer notes that “the better the quality of data and the easier it is to access the data, the time-to-market greatly improves and instantly contributes to your corporate goals”.
Qlik acquires RoxAI and Ping, its intelligent alerting software to deliver actionable, self-service alerting and workflow automation capabilities. The idea is that Ping’s self-service intelligent alerts, integrated with Qlik’s leading analytics platform, will be able to notify users in real time about changes in their data and the context. “The limitation of most analytical dashboards and applications is that you have to go there to know what’s happening, or what’s changed”, said Mike Capone, Qlik CEO, further commenting “What we need is full cycle integration between changes in the data, to analytics, to alerts and notifications that are immediately sent downstream to users or other systems”.
IRI, a leading data manipulation and security software vendor, collaborates with Oracle to integrate and govern data in the cloud. More specifically, the company announced that the IRI Voracity data management platform will now run on the Oracle Cloud Infrastructure. “This collaboration with Oracle will give users moving EDW, data lake and production analytic projects to the cloud the speed, security, savings and SLAs they need.”, IRI Senior Vice President David Friedland said.
