This Week in Data Preparation (October 5, 2020)
This weekly post with news items from the data preparation market is brought to you by The Data Value Factory, the company offering Data Preparer.
12 links in this week’s post: 7 articles (on data quality, data management, data discovery, business intelligence, data integration, by Shasta Ventures, Information Difference, Trint, Elegant MicroWeb, CloudMoyo, Boomi, and Anodot), and 5 company updates (by Tamr, Io-Tahoe, Acxiom, Mastech Digital, and Gousto).
Articles
Data Quality: Fixing Typos is a $4.5 Billion Market. “The current data quality software market is almost $2 billion. But the real opportunity is much bigger at $4.5 billion since there is a large labor component that can be automated.” writes Kenn So, investor at Shasta Ventures.
3 growing applications of AI in data management. “There are plenty of ways AI can augment data professionals throughout the data pipeline, from sifting through large data sets for duplicates to easing the preparation process.” writes Andy Hayler, CEO at Information Difference.
Without Uncovering Dark Data, You’re Not Uncovering Business Opportunities. In this special guest feature, Odhrán McConnell, Chief Technology Officer at Trint, points out that according to recent estimates, approximately 90 percent of a company’s data is dark, meaning it hasn’t been analyzed or leveraged to the benefit of the business.
What is Augmented Data Preparation and Why is it Important? “The average business user does not have a full grasp of Advanced Data Discovery or Data Preparation methods, and most organizations would not want business users to waste precious time trying to navigate the complexities of a manual data preparation process. If a business provides a solid foundation for self-serve business intelligence with augmented data preparation features, business users can quickly and easily prepare data for analysis and get the results they need to move forward and make decisions.” writes Kartik Patel, CEO at Elegant MicroWeb.
Setting Up for Success: Governing Self-Service BI. “Although many enterprise-ready self-service BI tools will offer built-in governance capabilities, we still need a nuanced approach to maximize their value. A carefully designed strategy will enable organizations to empower their professionals with the immense functionalities that self-service tools offer along with a shared sense of responsibility to maintain data integrity and security.” writes Manish Kedia, Co-Founder & CEO of CloudMoyo.
The unfinished work of building modern enterprises. “Without data integration and the connection of people, processes, and technology, organizations will fall short of modernization efforts.” writes Ajit Melarkode, Vice President, Asia Pacific & Japan, Boomi.
Do You Need a Chief Data Scientist? “The reason why you need a Chief Data Scientist in the first place is you need somebody who can bridge the gap between management and [the data scientists], and what machine learning can do and cannot do,” says Ira Cohen, co-founder and CTO of Anodot. “You need somebody who understands what it is in a deeper form than a CTO, who might have broader knowledge of a lot of things, but not necessarily machine learning.”
Company updates
Tamr announces cloud-native capabilities on AWS to help customers achieve cost-effective data mastering. “Cloud computing lets us increase and decrease our storage and compute usage based on demand, allowing us to more efficiently master data,” said Peter Tsang, Data & Analytics Product Line Owner, at Johnson & Johnson. “Machine learning and the cloud are key components in adopting a modern approach to data management,” said Tamr Chief Product Officer, Anthony Deighton. “Organizations need ways to quickly cleanse, consolidate, and categorize data from multiple — often siloed — operational systems,” said Jorge A. Lopez, Global Lead, Big Data & Analytics Partner Strategy, Amazon Web Services, Inc.
Io-Tahoe Launches New ‘SmartData’ Partner Program with 10-in-1 Enterprise Data Automation Platform. “The results for CIOs and CDOs leading digital transformations to better serve their customers are lower cost of managing data with accelerated time-to-achieve business outcomes from their data.” said Ajay Vohora — CEO, Io-Tahoe. “Getting more out of data, faster and with less complexity is a top priority for most, if not all Enterprises today. We believe Io-Tahoe’s unique data automation platform is a game-changer in this space and we’re incredibly excited to add them to our portfolio, and help enable our partners and their customers to transform the way they use their most valuable digital asset.” said Omar Galbraith — CEO, Ethos Technology.
Acxiom Announces New Partnership With Demyst. “Financial services institutions are facing major changes with today’s economic climate and rapid digitization due to the COVID-19 pandemic,” said Tate Olinghouse, president of financial services at Acxiom. “Acxiom seeks to be a one-stop shop for ethically sourced data sources that meet our industry leading privacy-compliant standards,” said David Skinner, chief strategy officer at Acxiom. “Acxiom has an established position as a trusted data partner and steward for some of the most respected data-centric enterprises in the world,” said Mark Hookey, Demyst CEO.
Mastech Digital Acquires AmberLeaf. Commenting on the acquisition, Vivek Gupta, President and CEO of Mastech Digital, stated, “In 2017 we began our transformational journey to become a world-class provider of Data Management and Analytics services. The acquisition of AmberLeaf reinforces our commitment to this strategy by enhancing our ability to significantly scale our Data and Analytics business segment.”
Gousto ramps up real-time data usage. Gousto CTO, Shaun Pearce, said his team is building a “next generation data platform”, supported by Amazon Web Services cloud technology to better serve its customers and to ensure the company’s infrastructure scales with the rise in demand for its products. The use of Databricks’ technology enables the business to act on information instantly, he added.
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