Big Data – SiliconANGLE

Dremio says it has dramatically improved query performance on Iceberg data lakes

Paul Gillin — Tue, 27 Aug 2024 20:56:26 +0000

Data lakehouse company Dremio Corp. today announced a set of advanced analytics performance capabilities that it says significantly speed query performance on Apache Iceberg tables while reducing the need for user intervention. The two major new features are Live Reflections and Result Set Caching. Dremio Reflections are a feature of the company’s data lake engine […]

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Data management startup Cribl nabs $319M at $3.5B valuation

Maria Deutscher — Tue, 27 Aug 2024 19:03:55 +0000

Cribl Inc., a startup with a suite of data management tools for enterprises, has closed an oversubscribed late-stage investment worth $319 million. The Series E deal, which was announced this morning, included $200 million in equity funding and a $119 million secondary sale. Alphabet Inc.’s GV startup investment arm was the lead investor. CapitalG, another […]

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Quest Software announces enhanced data intelligence and modeling tools to boost AI data quality

Mike Wheatley — Tue, 27 Aug 2024 10:00:34 +0000

Quest Software Inc., the former Dell Technologies Inc. business unit that’s focused on enterprise data management and security, today announced a major update to its popular erwin Data Intelligence and erwin Data Modeler tools. The revamped offerings enable companies to pursue a more comprehensive approach to managing, governing and using data to fuel their ambitions […]

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Redis debuts new data integration and AI features for its database

Maria Deutscher — Fri, 23 Aug 2024 21:22:27 +0000

Redis Inc. today updated its namesake database with a set of new features designed to ease software development for customers. Some of the enhancements are rolling out for the core open-source version of the platform. Others will become available in the paid version, which includes additional features that simplify infrastructure maintenance and data processing tasks. […]

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Divers recover body of Autonomy co-founder Mike Lynch from superyacht wreckage

Maria Deutscher — Thu, 22 Aug 2024 21:51:05 +0000

Divers have recovered the bodies of Mike Lynch and four of his guests from the wreckage of the superyacht Bayesian, the Italian Coast Guard announced today. The vessel sank near the coast of Sicily early Monday morning amid an intense storm. Fifteen passengers were rescued by the crew of the Sir Robert Baden Powell, a […]

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Snowflake beats expectations but stock falls on fears of decelerating revenue growth

Mike Wheatley — Wed, 21 Aug 2024 23:40:45 +0000

Updated: Shares of the cloud data warehouse giant Snowflake Inc. were battered and bruised in extended trading today, even though the company delivered solid second-quarter results and guidance that came in above expectations. The company’s stock fell more than 7% after-hours, with analysts saying that its likely shareholders are concerned over the possibility of a […]

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Environmentalists sound alarm over Virginia’s data centers as water consumption skyrockets

Mike Wheatley — Tue, 20 Aug 2024 00:48:11 +0000

Concerns are being raised over the environmental impact of Virginia’s data centers after a report revealed they have increased their water consumption by almost two-thirds in the last five years. With the rapid adoption of artificial intelligence, there are fears that the situation will only get worse. The report by the Financial Times cites data obtained […]

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Caresyntax raises $180M for its surgical data management platform

Maria Deutscher — Thu, 15 Aug 2024 19:00:43 +0000

Caresyntax Inc., a startup that helps surgeons provide better patient care, has raised $180 million from investors to enhance its technology. The company detailed today the capital infusion came as an extension to a Series C round it had originally closed in 2021. The bulk of the financing, $100 million, was provided as equity funding […]

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Cockroach Labs changes its self-hosting license to a single enterprise model

Kyt Dotson — Thu, 15 Aug 2024 19:00:36 +0000

Cockroach Labs Inc., maker of the distributed and resilient CockroachDB database, said today that it’s changing its licensing to better align with the needs of its customers, startups and scaled-up companies alike. The company said today that it’s consolidating its self-hosted license under a single model that will provide smaller companies access to the tools […]

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Unifying data for unmatched insights: How Salesforce Data Cloud transforms business decision-making

Brian Njuguna — Thu, 15 Aug 2024 15:57:59 +0000

Even though data is the backbone of better decision-making, the disconnect between data products and business platforms is proving to be detrimental, making Salesforce Data Cloud important since it unifies data sources for enhanced commercial insights. By creating a value add layer on top of the existing data infrastructure, Salesforce Data Cloud avails richer analytic […]

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TigerEye releases open-source DuckDB.dart to simplify data-intensive application development

Duncan Riley — Thu, 15 Aug 2024 13:00:24 +0000

TigerEye Labs Inc., an artificial intelligence-powered planning and revenue management platform company, today announced the open-source release of DuckDB.dart, a tool that helps developers build and run data-intensive applications more easily and efficiently. DuckDB.dart is a native Dart application programming interface for DuckDB that has been designed to simplify the creation of data-intensive applications for […]

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Open lakehouse spurs innovation amid AI data demands

Victor Dabrinze — Wed, 14 Aug 2024 21:15:21 +0000

Generative artificial intelligence is demanding breakneck innovation from enterprises. It’s highlighting a critical need for cohesive data management and driving a seismic shift in data storage, processing and utilization. It’s also prompting a rethink of the open lakehouse concept pioneered by companies such as Onehouse. “We firmly believe an open lakehouse is the way of […]

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De-siloing the enterprise: The challenges and opportunities in data consolidation

Victor Dabrinze — Wed, 14 Aug 2024 16:12:28 +0000

A hot topic in the data management space is the argument against data silos. Factors such as generative artificial intelligence and decentralized data infrastructures have intensified the need to embrace the data consolidation ethos. What is the imperative to de-silo data operations? And what challenges and opportunities exist as companies move toward interconnected data infrastructures? […]

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Amplitude beats earnings expectations with steady revenue growth and customer gains

Duncan Riley — Fri, 09 Aug 2024 00:04:07 +0000

Amplitude Inc. today reported earnings and revenue beats in its second quarter thanks to solid customer growth for its behavior-tracking software services. For the quarter ended June 30, Amplitude broke even, down from a profit of two cents a share in the second quarter of 2023, on revenue of $73.3 million, up 8% year-over-year. Both […]

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Amplitude launches new services for better data synchronization, security and privacy compliance

Duncan Riley — Thu, 08 Aug 2024 13:00:14 +0000

Behavior-tracking software firm Amplitude Inc. today announced three new data-related services for its Digital Analytics platform that enhance data synchronization, security and privacy management capabilities. The new products aim to provide seamless data synchronization, robust access controls and efficient data deletion processes. The enhancements help enterprises achieve accurate insights, enhanced security and compliance with data privacy regulations, driving […]

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Serverless database startup Neon nabs $25M in fresh funding

Maria Deutscher — Wed, 07 Aug 2024 23:03:23 +0000

Neon Inc., a startup with a serverless distribution of the open-source Postgres database, today announced that it has raised $25 million in funding. Microsoft Corp.’s M12 venture capital arm led the investment. It was joined by existing Neon investors Abstract Ventures, General Catalyst, Menlo Ventures and Notable Capital. The capital infusion brings the company’s total […]

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Open-source data science platform Knime raises $30M to seize opportunity in generative AI

Mike Wheatley — Tue, 06 Aug 2024 12:00:03 +0000

Open-source data science platform provider Knime AG said today it has closed on a new, $30 million investment from its longtime backer Invus. The round is the first major investment the company has received since Invus led its initial Series A funding round way back in 2017, and brings its total amount raised to date […]

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AI growth helps Palantir beat second-quarter earnings, drives higher forecast

Duncan Riley — Mon, 05 Aug 2024 23:24:06 +0000

Shares of Palantir Technologies Inc. shot up about 12% in late trading today after the big-data analytics company beat analyst expectations in its fiscal second quarter and forecast a higher-than-expected outlook thanks to increasing growth in artificial intelligence. For the quarter ended June 30, Palantir reported adjusted earnings per share of nine cents, up from […]

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The emerging data stack brings opportunities and risk for buyers and sellers

Dave Vellante and Rob Strechay — Sun, 04 Aug 2024 15:02:14 +0000

The so-called modern data stack is getting a facelift and perhaps a complete body makeover. As the point of control shifts from the database management system to the governance layer, we cite three dynamics that highlight a reshaping of today’s data landscape, including: 1) Key data players are disrupting the established norm as they expand […]

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The future of data platforms: Databricks CEO Ali Ghodsi highlights key roles of open formats and AI

Chad Wilson — Wed, 31 Jul 2024 17:17:30 +0000

Data management is undergoing a major overhaul as companies face cost pressures and the need for consolidation. The shift toward platformization is simplifying data operations, cutting expenses and boosting efficiency. This change is driven by the adoption of open data formats, artificial intelligence integration and enhanced governance solutions. As businesses focus on more sustainable and […]

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Automation software firm Workato aims to take the work out of data pipeline orchestration

Mike Wheatley — Tue, 30 Jul 2024 13:00:12 +0000

Enterprise orchestration software company Workato Inc. today announced the launch of new tools that it says will simplify the job of orchestrating data pipelines for artificial intelligence and other workloads. Its new Data Orchestration offerings not only help companies set up new data pipelines quickly, but enable them to move and transform data rapidly according […]

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Why Databricks vs. Snowflake is not a zero-sum game

Dave Vellante with Erik Bradley — Sat, 27 Jul 2024 17:00:41 +0000

Three main pressure points are transforming the modern data landscape: 1) Increased interest in adopting open table formats to allow any compute to operate on any data; 2) The point of control is shifting from the database management system to the governance layer; and 3) AI is enabling the emergence of a new class of […]

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Data gravity in the age of generative AI: Navigating the centralization dilemma for enhanced efficiency and innovation

Brian Njuguna — Wed, 24 Jul 2024 18:00:54 +0000

With the exponential growth of data, the pace of innovation and evolving governance needs, the concept of data gravity becomes more pressing than ever. Enterprises face the critical decision of whether to centralize their data or adopt an open format, particularly as generative artificial intelligence continues to advance. Choosing the right data gravity center is […]

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The Data Whisperer on crafting data management to meet business goals

Devony Hof — Wed, 24 Jul 2024 16:03:49 +0000

In an era where artificial intelligence is transforming industries, the critical role of data storytelling is more vital than ever. Despite the heightened focus on data management, many data leaders still face significant challenges in securing the necessary funding and resources to organize their company’s data effectively. This struggle highlights the ongoing battle to bridge […]

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Revolutionizing decision-making: Embracing data as a product with design thinking and AI

Brian Njuguna — Wed, 24 Jul 2024 15:03:20 +0000

As data continues to be at the epicenter of better decision-making in organizations, viewing data as a product should be part of the compass for enhanced value acceleration. For data to materialize as a product, design thinking is essential because information should be shared in a standardized way using a mesh framework, according to John […]

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Blue Yonder and Snowflake tackling supply chain challenges with AI and data cloud

Brian Njuguna — Tue, 23 Jul 2024 20:41:50 +0000

Since supply chains are accustomed to a siloed data environment, running them in a coordinated way is an uphill task, and this is why a data cloud for supply chain is needed. Through a unified platform and data cloud, Blue Yonder Inc. offers interoperable and resilient supply chain solutions through end-to-end connectivity with the help […]

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Mastering data governance: Insights from Fidelity Investments on scaling and emerging technologies

Sead Fadilpasic — Tue, 23 Jul 2024 16:17:45 +0000

The field of data and analytics is rapidly growing and evolving, requiring creativity, skill and a deep understanding of emerging technologies, particularly in data governance. Advanced strategies for scaling, data governance and the balance between art and science in data processing are at the forefront of current discussions. These innovations not only enhance the efficiency […]

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Iterative debuts DataChain for curating and processing unstructured data with AI models

Mike Wheatley — Tue, 23 Jul 2024 13:00:25 +0000

A startup called Iterative Inc., which is focused on helping to improve and streamline workflows for artificial intelligence engineers, today announced a new open-source tool called DataChain that it says will transform the way unstructured data is curated, processed and evaluated, by using large language models. The company explains that unstructured data is vital for […]

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From data governance to AI: TheCUBE analysts discuss challenges and solutions in data management

Chad Wilson — Thu, 18 Jul 2024 22:00:40 +0000

The rise of sophisticated data management solutions is transforming the role of chief data officers as businesses navigate a landscape increasingly dominated by artificial intelligence and complex data governance challenges. Despite the rapid advancement of technology, fundamental issues such as data accessibility, security and organizational processes remain persistent hurdles. As companies strive to address these […]

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Unified metadata models pave the way for advanced data governance

Chad Wilson — Thu, 18 Jul 2024 21:30:24 +0000

Unified metadata models are emerging as a cornerstone in the changing landscape of data management, highlighting the critical need for integrated frameworks that ensure data accessibility, security and value creation. As businesses increasingly leverage artificial intelligence and interconnected data systems, the focus is shifting toward avoiding infrastructure pitfalls and achieving seamless data integration. This shift […]

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