Solutions Review editors curated this list of the most noteworthy analytics and data science news items for the week of November 10, 2023.
Keeping tabs on all the most relevant analytics and data science news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last week, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy analytics and data science news items.
Analytics and Data Science News for the Week of November 10, 2023
Bloomberg Announces New Collab with Databricks
Bloomberg Data License allows customers to access both structured and unstructured data that can be used for machine learning and AI. Bloomberg states that the partnership will enable Bloomberg and Databricks customers to access streamlined information faster than before, promoting seamless data integration into business strategy.
Capterra: US Enterprises Set to Increase Software Spending in ’24, But Regret is Common
Over half (56 percent) of businesses with regretful software purchases describe the financial impact of their decision as “significant” or “monumental.” Beyond the financial burden, these businesses also experience other consequences—both internally and externally. In fact, 41 percent of U.S. businesses say their bad software purchase made them less competitive, and 38 percent say it led to productivity loss.
Cisco Expands Full-Stack Observability Ecosystem with New Partner Modules
Cisco announced seven new modules on the Cisco Observability Platform, built by development partners and created to expand its full-stack observability ecosystem. This growing ecosystem helps customers fulfill their specific observability needs and utilize additional value from observable telemetry.
I is for Investment: Databricks Closes New Strategic Round
Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, which put the company at a $43B post-money valuation. The Series I funding will be used to accelerate the development of transformative AI technology, Gen AI research, and hiring AI data scientists and engineering talent.
DataRobot Adds New Enterprise Governance & Observability for Gen & Predictive AI
Enhancements to the DataRobot AI Platform empower organizations to operate with correctness and control, govern with full transparency, and build with speed and optionality. New functionality announced today brings enterprise-grade governance and observability for both generative and predictive AI in the DataRobot AI Platform.
Deloitte Releases 2023 Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 honors the most innovative and fastest-growing companies across North America. The program recognizes the passion and dedication it takes to be an industry disrupter across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors.
Domino Data Lab Partners with BIP on Life Sciences Value Chain
BIP will provide professional services to help Domino customers rapidly scale AI innovation for a competitive advantage as part of this collaboration. BIP will also deliver pre-built templates and projects focused on accelerating life sciences use cases in Domino’s recently announced AI Project Hub.
Dun & Bradstreet and Databricks Launch new Data Marketplace
By utilizing Dun & Bradstreet’s D-U-N-S Number and Entity Resolution services, Databricks customers can enhance their data quality, transparency, and accuracy through data matching and linking. The seamless experience will improve time to value by aggregating and connecting data sources provided by the Marketplace.
Google Cloud Adds Solana Integration to BigQuery Data Warehouse
BigQuery is Google Cloud’s serverless data warehouse with built-in machine learning, artificial intelligence and business intelligence — enabling users to query vast datasets. Anyone from developers to enterprises and individual users can query data from Solana to answer complex questions regarding transactions.
Google Cloud Announces New Collaboration with Bloomberg on Data Management & Analytics
With access to Bloomberg’s extensive experience managing, modeling, and delivering vast quantities of complex content, mutual customers can now receive their Bloomberg Data License (DL) data fully modeled and combined directly in BigQuery.
IBM Launches New Enterprise AI Venture Fund
It is launching a $500 million venture fund that will invest “in a range of AI companies – from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise.”
MicroStrategy ONE is Now Available in the AWS Marketplace
MicroStrategy ONE is a cutting-edge AI/BI platform that combines a strong BI foundation with innovative generative AI functionalities. MicroStrategy’s combination of AI and BI allows businesses to build custom AI-powered business applications on trusted data, helping them extend data access and deliver more engaging user experiences.
Stardog Unveils New LLM-Powered Platform Called Voicebox
Voicebox provides a conversational interface to connect data consumers to all of an organization’s data without stripping away its business context. This announcement comes on the heels of Accenture Ventures recent strategic investment in Stardog, driven by projected growth in the generative AI market.
Ververica Enhances Stream Data Processing & Analytics Tool
Ververica Cloud leverages VERA (Ververica Runtime Assembly), tech that achieves data processing speeds up to 2x faster than open-source Apache Flink, according to the vendor. The platform facilitates automated resource scaling as well to contend with the challenges of over-provisioning.
Expert Insights Section
Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from Insight Jam, Solutions Review’s enterprise tech community for business software pros. The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, trends and predictions, and vendor-neutral software evaluation tools.
Solutions Review Launches New Insight Jam Community for Enterprise Technology Professionals
We are excited to bring an entirely new distribution channel to Insight Jam, and provide our readers with guidance, best practices, and advice on top-of-mind topics in enterprise technology, our community of experts a loudspeaker from which to share their insights, and our PR and vendor partners the ability to measure their impact on the community.
Solutions Review Set to Host Monte Carlo & Salesforce for Exclusive GenAI Event on November 30
With the next Spotlight event, the team at Solutions Review has partnered with Monte Carlo (and their partner Salesforce) for an informative webinar show. While GenAI has its fair share of hype, data leaders are being tasked by executives with investing in AI across the business. But how can we ensure that these technologies are actually useful and impactful?
Solutions Review’s William Jepma Compiles Definitive Guide on the White House’s New EO on AI, Through Quotes
As you can expect, there was a lot of discussion around the Executive Order, what it might mean for AI regulation, and how it will affect the trends involved in governing, developing, and using AI in enterprises across industries. See key commentary from industry experts who shared their thoughts on the EO and how it will change AI’s role in business.
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