This Week in Data Preparation (November 9, 2020)
9 links in this week’s post: 5 articles (on DataOps, data management, artificial intelligence, and data engineering, by EPAM Systems, SnapLogic, Remote, DataKitchen, TRG Datacenters, Aisera, Mindbreeze, and Exusia), 3 company updates (by Rockwell Automation, Brainome, and Alation), and 1 capital raise announcement (by Sugar).
DataOps: The Answer to Paying Down Organizational Data Debt. In this special guest feature, Petr Travkin, Solution Architect in the data and analytics practice at EPAM Systems, introduces the concept of Data Debt which can be measured as the cost associated with mismanaging data and the amount of money required to fix the data problem.
The Growing Importance of Data Management in the Digital Workplace. In our current remote work environment, where swivel chair and hallway conversations are no more, employee productivity, efficiency and time to value are prized more than ever, said Craig Stewart, chief technology officer at SnapLogic. Marcelo Lebre, chief technology officer at Remote, said the shift to remote work has forced companies to restructure their data management practices and employ stricter security policies to manage distributed teams across a digital workspace. The data teams share a common objective: to create analytics for the internal or external customer, said Chris Bergh, CEO of DataKitchen. The increase in remote working has had a significant impact on data management as businesses can face many challenges when data is being generated from multiple offsite locations, said Eric McGee, senior network engineer at TRG Datacenters.
The 5 No’s of Buying Artificial Intelligence for IT Service Management. You need to invest in long ITSM integration efforts and data cleansing cycles before adopting conversational AI — article by Kim del Fierro, VP of Marketing at Aisera.
How To Understand All Of Your Data To Transform Your Business And Create Positive Change. Daniel Fallmann, founder and CEO of Mindbreeze, shares his insights in this article for Forbes.
Trevor Silver, CEO of Exusia, Examines the Increasingly Important Role of Data Engineering in Modern Enterprises. “We live in an age where several transformational technologies are deeply impacting the business landscape, among them cloud computing, the Internet of Things (IoT), artificial intelligence, and machine learning,” he says.
Rockwell Automation unveils new capabilities in FactoryTalk InnovationSuite to accelerate digital transformation. “The need for digital transformation has increased significantly as our customers accelerate innovation, maximize workforce productivity, and optimize operations,” said Arvind Rao, director of product management at Rockwell Automation.
AI startup Brainome aims to change how companies approach machine learning. “Before building a car, plane, bridge, or computer chip, you must measure before you design and build,” said Brainome co-founder and Chief Executive, Bertrand Irissou. “Today’s data scientists and machine learning experts are forced to rely on what is essentially guesswork instead of having access to any advanced type of measurement. Brainome takes a completely new angle by providing much-needed tools based on a novel, systematic measurement-based approach.”
Alation Wins KMWorld Readers’ Choice Award. “Enterprises too often struggle to provide widespread access to data while ensuring proper data governance,” said Satyen Sangani, CEO and co-founder of Alation. “We’re honored to be recognized by KMWorld readers for our people-first, non-invasive approach to data governance that is transforming the way companies think about governing their data.”
Capital raise announcements
Sugar Announces Its £1.5M Pre-Seed Financing Round Led by Leading London VCs. Founded in 2019 the company prides itself on its best in class data science, credit, business development and technology team. Its primary product is SugarBoost, which is a data driven marketing loan to scale up a studio’s revenues. The financing round was led by Passion Capital and included participation from Velo Partners as well as strategic angel investors, including Victoria van Lennep of Lendable. Malin Posern, Partner at Passion Capital said, “We’re thrilled to be partnering with Sugar and working with the team.” Evan Hoff, partner at Velo Capital Partners commented: “We see Sugar fulfilling a crucial role in the European games funding ecosystem, and believe Matt and the team are building leading edge algorithms and processes which will support games developers to scale their businesses in the ultimate win-win proposition.” Matt Frenchman, Sugar CEO said, “We’re so excited to be working with Passion and delighted to have expert fintech investors on board.
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