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News in Brief

Hyper-Personalization and AI Critical for Growth in Financial Services, Study Says

Apr 27, 2021 |

More than four out of five of senior executives in financial services companies say AI will be the key competitive driver for success over the next few years. In particular, financial institution are looking to AI technology and differentiated data to drive “hyper personalization” of services, the NTT Data survey said. Read more…

Harvard, UCLA Researchers Use AI to Analyze Passion in Public Speaking

Apr 27, 2021 |

Sesh describes itself as a “neuroscience-based people development company.” Its cornerstone product is a tool called Empath, which uses AI to analyze video content, delivering insights on behavior and communication patterns. Read more…

Toloka Expands Data Labeling Service

Apr 27, 2021 |

Data labeler Toloka is heading to India to tap into the subcontinent’s vast pool of English-speaking workers. The firm, which was founded in Russia and is incorporated in Switzerland, says the expansion will grow its network of crowdsourced human labelers, currently at 9 million people. Read more…

Confluent Files to Go Public. Who Could Be Next?

Apr 23, 2021 |

Confluent, the company behind the open source Apache Kafka project, has filed to go public, the company announced this week. Confluent’s IPO has been expected for some time, but there are a number of other big data companies on the cusp of going public, too. Read more…

GridGain Claims Huge Performance Boost with Intel Optane PMem

Apr 22, 2021 |

Companies running the in-memory computing platform from GridGrain Systems will see their machine learning, HPC, and analytics applications’ performance increase by 10x to 100x as a result of the use of Intel Optane persistent memory (PMem) in vectorized “App Direct” mode, the companies announced today. Read more…

Grafana Ditches Apache 2.0, Switches to AGPL

Apr 21, 2021 |

Grafana is switching licensing of its core products from Apache License 2.0 to the more restrictive Affero General Public License (GPL) v3. The company made the change in an attempt to balance the value of open source with Grafana’s monetization strategy, CEO Raj Dutt announced yesterday. Read more…

Dataiku Gets Closer to Snowflake

Apr 20, 2021 |

Dataiku today revealed that Snowflake has invested an undisclosed amount in the data science platform provider. This comes several months after the two companies rolled out a joint offering that allows Dataiku customers to perform machine learning tasks in the Snowflake environment. Read more…

Scale AI Gets A $325M Series E Funding Infusion to Grow Its Data Annotation Mission

Apr 19, 2021 |

Data annotation and labeling startup Scale AI is taking in another $325 million in new investment, this time through a Series E round.

The San Francisco-based company, which was founded in 2016, works to help enterprises annotate or label their stores of data so it can be used more effectively to drive business growth while using their data resources more effectively. Read more…

ML Scaling Requires Upgraded Data Management Plan

Apr 16, 2021 |

Successful data strategies are built on a foundation of meticulous data management, creating enterprise architectures that “democratize” data access and usage, yielding measurable results from machine learning platforms.

The reality, according to an examination of the emerging “AI organization,” is that few data-driven organizations are able to deliver on their data strategy. Read more…

Insightsoftware Loads Up on Embedded Analytics with Logi, Izenda Deals

Apr 15, 2021 |

Insightsoftware, the acquisitive enterprise software vendor that purchased Logi Analytics earlier this month, is next acquiring Izenda, an embedded business intelligence specialist.

The buyer based in Raleigh, N.C., said Thursday (April 15) it would integrate Izenda’s platform with Logi’s to help users deliver insights within existing analytics applications. Read more…