This Week in Data Preparation (July 27, 2020)
12 links in this week’s post: 7 articles (on data infrastructures, automation, and trust, among others, contributed by TIBCO Software, enaible, UCI Health, Banner Health, Informatica LLC, LexisNexis Risk Solutions, U.S. Air Force, and Macquarie Bank), 1 study (on the demand for AI, by FICO), 2 company announcements (by TileDB and NeuralStudio), and 2 partnership announcements (by ProSearch and Brainspace, ClickDimensions and InsideView).
Your Data Infrastructure in the New Normal.“With larger and much more complex sources and datasets, how can the data infrastructure, especially for the larger enterprises, cope with the challenges resulting from employees working in either remote or hybrid working arrangements during these unprecedented times?” Nick Lim, general manager for APJ at TIBCO Software Inc. shares his insights in this article for CDOTrends.
Why AI and Big Data Will Be the Heroes of the Great Recession. “Any company that, instead of trimming or axing, has the courage to double down on its tech investment will reap the rewards. Just as the world’s healthcare workers are nursing populations back to physical health, AI and big data will be the heroes who lead us out of recession.” claims Dr. Tommy Weir, CEO and founder of enaible, the AI-powered leadership company.
What 2 IT execs anticipate needing 12 months from now. At the Becker’s Healthcare Health IT + Revenue Cycle Management Virtual Event on July 24, Vice Chancellor for Information, Technology and Data and Chief Data Officer of UC Irvine and UCI Health Tom Andriola and CIO of Phoenix-based Banner Health Deanna Wise outlined how IT leadership roles are changing and the most essential technology for the future.
Pandemic and enterprise needs drive trust in data for Informatica’s customers. “During this COVID pandemic, there is a greater appreciation for trust in data,” said Jitesh Ghai, senior vice president and general manager of data space management at Informatica LLC. “There’s a tremendous reliance on data, and we’re seeing it in particular in the healthcare provider sector, in the public sector, federal, state and local as all of these organizations are having to make very difficult decisions. They are increasingly relying on high-quality, trustworthy, governed data to help them make what can be life or death decisions.”
Healthcare technology goals and CIO challenges. LexisNexis Risk Solutions announced the results of its annual focus group, comprised of over 20 healthcare IT executives that are members of the College of Healthcare Information Management Executives (CHIME). “CHIME’s executive health IT members are approaching evolving patient and industry needs with careful consideration, ingenuity and focus,” said Josh Schoeller, CEO of LexisNexis Risk Solutions Health Care.
Air Force, Army Using Data, Automation to Drive Efficiency. Office of the Secretary of the Air Force Chief Data Officer Col. Christopher Ardent and Army CECOM Software Engineering Center Director Jennifer Zbozny touched upon the importance of data in improving innovation, as well as the steps they’re taking to upskill their data expert workforce during Tuesday’s GovExec webinar.
Macquarie Bank using tech to fix how it handles complaints. “It’s a regulated industry … and complaints management is much more than just the extent of goodwill we’d like to choose to give to customers as it might be in some other retail industries,” said Rosalind Coffey, head of people, culture, and client experience at the bank.
New Study Finds Demand for Artificial Intelligence Increasing due to COVID-19. FICO, a global analytics software firm, has released a new report from the market intelligence firm Corinium, finding that demand for artificial intelligence (AI), data, and digital tools is still soaring as the COVID-19 pandemic continues to put a strain on many enterprises. More than 93 percent of respondents said that ethical considerations represented a barrier to AI adoption within their organizations. However, as pointed out in the report, “ensuring AI is used responsibly and ethically in business context is a huge, but critical task.”. “Being ethical is not being blind to what’s in the model,” said Dr. Scott Zoldi, chief analytics officer, FICO. “Organizations need to ensure that AI is designed robustly and is explainable, transparent, built ethically and governed by auditable, recorded development process that is referenced as data shifts over time.”
TileDB introduces canonical database storage format. Stavros Papadopoulos, TileDB Founder, left the ivory tower at MIT and, initially backed with seed funding from Intel Capital, started TileDB. It picks up where SciDB [an MIT project] leaves off by building sparsity into its optimizations, and unlike most databases, concentrates entirely on data storage and management, but leaves the compute/query engine as pluggable.
NeuralStudio receives patent for preparing data for machine learning. Jack Copper, managing director of NeuralStudio SEZC, has been issued a US patent for systems and methods to prepare data used by machine learning algorithms. Copper’s invention is running as a software on the neuralstudio.ai portal and uses neural networks to replace missing or bad data.
ProSearch Enhances Data Analytics with Addition of Brainspace. “Global organizations face massive data volumes and pressure to produce evidence quickly,” says Ivana Markovic, ProSearch client engagement manager for a global financial institution and director of Brainspace implementation for ProSearch. “Brainspace is thrilled to be working with ProSearch, whose expertise using advanced technologies and custom workflows to deliver exceptional client service makes them a perfect alliance partner,” says Linda Sheldon, vice president of sales at Brainspace.
ClickDimensions Partners with InsideView to Offer Data Cleansing and Enrichment Solutions. “In addition to finding new prospects, businesses need to be even more relevant. Buyers expect the same level of personalization and relevance from B2B interactions as B2C, and that requires complete and accurate data.” says Mike Dickerson, CEO of ClickDimensions. “The velocity of change in customer data is unprecedented in today’s business environment, and many companies can’t keep up. InsideView helps companies keep data accurate, refreshed and actionable so they can focus on customers and revenue,” says Umberto Milletti, CEO, InsideView.
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