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VOLUME 01 | ISSUE 01
CONTENTS
CXO OPINIONS EDITORIAL
05 EDITOR'S NOTE
With our debut edition and expansion of new
vertical , Alltech Magazine editor in chief Arun
Shah has something to share how this issue
came to life.
13 FEATURED NEWS
Data Integration Platform Dataddo Launched
First-Ever Free Plan with No Extraction Limits
26
BANGALORE KA 560095 IN
CONTACT@ALLTECHMAGAZINE.COM
28
BIG DATA ANALYTICS :
DATA GOVERNANCE,
ANALYTICS AND THE ROLE OF
THE CIO
WWW.ALLTECHMAGAZINE.COM
A LOOK AHEAD
Editor's Note 21
After five years of being in the tech industry, Alltech team decided to do Editorial
something different this year— we made a decision to pivot our company
focus from B2B events and marketing services to launch a publication that Arun Shah
would reflect our deep interest in tech— AllTech Magazine. Our goal is to help Editor-in-chief
tech executives make informed decisions and to provide a forum for Shah@alltechevent.com
discussion on the challenges and opportunities facing the enterprise tech
industry. Sanjana Vasu Sanjana
Executive Editor
Dear Readers, we're excited to be able to bring Alltech Magazine to life and to Sanjana@alltechevent.com
share it with the tech community. It is my great pleasure to announce the
publication of our inaugural Issue on big data. Sales and Marketing
Data has become the lifeblood of the modern enterprise, powering everything Aurum Jha
from products and services to customer experiences to business models. Big Senior Marketing Manager
data is slowly permeating into the enterprise at a breakneck pace-a pace that’s aurum@alltechmagazine.com
threatening to outpace the ability of companies to manage it effectively. Yet
CIOs are often skeptical of the enterprise value of big data. As more enterprises Alisha Pandey
seek to harness the transformative power of big data for competitive advantage, Ass. Manager Marketing
alisha@alltechmagazine.com
they grapple with the issue of how to do big data right.
In this edition of AllTech magazine, we explore this skepticism head-on and Production
provide tangible steps for breaking into big data to improve business insight Prakash
and drive innovation. Prakash@alltechmagazine.com
Our editorial and managing team have worked diligently over the past weeks Partnerships
to compile a collection of articles we believe effectively capture the state of
big data today. In this issue, you will find a mix of theoretical and practical Aashish Lowanshi
perspectives on big data from experts in different industries. We hope that aashish@alltechmagazine.com
this issue will provide valuable insights into the opportunities and challenges
associated with big data. We also hope it will serve as a starting point for Advertising
further dialogue and collaboration in this rapidly growing field.
contact@alltechamagazine.com
As an editor of the magazine, I would like to extend my gratitude to the
authors and team members who have worked tirelessly to make each issue
possible. I am constantly amazed by the dedication and commitment that
everyone puts into their work, and it is truly appreciated. I would also like to
thank our readers for their continued support. I hope you enjoy your time
reading this magazine!
ARUN SHAH
Editor-in-Chief
Big Data:
New Oil
or
Snake
Oil?
D ata is popularly referred to as the new oil. Whether it is
Big Data and its value have got two perspectives: as a valuable commodity that flows
through an organisation powering the engines of new insight and action, and Big Data can be
a collection of, sometimes, disgraceful claims. Both have merit and are right, but the
distinction between value and snake oil is helpful in understanding the value of Big Data.
It is assumed that the associated technology maturity and transformation will create value
with time. But the assumption implies that enterprise data needs to be similar or
normalized in some sort of way. This has forced inefficiencies and redundancies on
enterprises, who then invest massively in identifying, aggregating, moving, storing and
Caution however needs to come in, when a tool is sold In essence, it means asking the right questions. And this
as a panacea for a business problem, without the can be done only by someone intimately familiar with
champion being able to give a real strategy on how the your business. The right questions are those whose
tool would operationally be deployed in the company. answer is simple, and precise and communicates a
wealth of information about the area the question targets.
These questions lead to identifying the right use cases,
Machine Learning – the Snake which can then help identify the right data to pick up,
Oil favourite process, and analyze.
Machine Learning is both real and useful, but rare is the The good news is that making better sense of data is an
knowledge to figure out how these tools apply to evolutionary process, and the benefit is that you can let
business beyond finance. Prepackaged algorithmic go of unrealistic expectations where a large tool
solutions are the future of “big data”. But today, we lack implementation will automatically transform the
imagination, which goes beyond better tools. The company’s relationship with data.
industry grew out of the electronification of paper and
has barely moved beyond elementary data processing.
AI-Driven Video
Analytics,
How It’s Eleanor Wright,
COO, TelWAI
Transforming
Video
Surveillance
A dvancements in Artificial Intelligence (AI) have come a
long way since the classic object detection algorithms of Video analytics is
the early 2000s. No longer do users have to be evolving at a rapid
bombarded with false positives and a cluttered pace, transforming
arrangement of detection algorithms. The new era of
the way we think
video analytics has AI at its core.
about surveillance
and its role in
Built on reliable datasets, the AI of today allows for security
targeted detection that supports its users in detecting
safety and security threats without overwhelming them.
Delivering structure in detection, AI goes beyond object
detection and opens the door to event detection. For
example, whilst historical video analytics may have
detected the presence of new objects in a scene, AI-
driven analytics can link the object to a pattern of
activity.
Traditionally viewed as an amenity, the employment of Although detecting a single face in a crowd of thousands
video analytics is becoming ever more ubiquitous in might be desirable, is it achievable? When it comes to
video surveillance. Advancements in algorithms have video analytics, variables matter, beards occlude a third
opened detection capabilities into new markets and of the face, ageing effects contracts and symmetry, and
verticals. To make the most of these advancements, finally data out is only as good as data in.
security integrators and professionals need to
differentiate between the AI-driven video analytics of
today and the classical video analytics of yesterday.
They must also recognize the complexities in detection, The future of video surveillance
its limitations and how best to apply it to the
environment. As video analytics proceeds to become more and more
mainstream, innovation in applications in the
surveillance sector will continue to evolve. Whilst the
Understanding the limitations detection of high-level threats such as gun crime will
continue to have its place in the market, the detection of
Whilst it can seem compelling to detect a wide range of lower-level criminal activity will open.
objects and activities, in the active environment this will
Beyond that of market growth, innovation will continue
do nothing but accelerate alarm rates and overwhelm
to accelerate, and the autonomy of the machines will
users. Achieving the sweet spot between detection
grow. Capabilities such as semi-automated response
rates, and the user’s capacity to review and respond is
procedures and data fusion will become more and more
key to the successful integration of video analytics into
reliable and interoperability between sensors will
the wider system.
develop. Users will continue to hand over cognition-
heavy tasks to computers and a greater level of
Whilst facial recognition has been the sweetheart of situational awareness will be achieved.
video analytics over the last few years, not all facial
recognition is the same. Detecting a face in a crowd is Underpinning all of this is innovation and market
very different from verifying a face against an existing adoption, allowing new technologies to claim their stake
catalogue of faces in a structured environment. Whilst in the market. It is key for governments and industries to
we would expect to see low false positive rates with continue to invest in and embrace new technologies.
one-to-one matching in a structured environment; Identifying new ways to collect, verify and utilise data
detecting a face in a crowd using standard surveillance whilst maintaining high levels of standards and
cameras is a very different beast. Although some may reliability.
promise high rates of accuracy, with big claims must
come conclusive evidence.
About TelWAI
Founded in 2022, TelWAI brings together
expertise in machine vision and video
surveillance. Established with a goal to make
surveillance agile and targeted, TelWAI is
built on the back of innovation. Thier cameras
are not limited by location or image
processing, they can be deployed and
redeployed as safety and security risks
develop.
Watch Now
Featured News
Dataddo, a SaaS startup that provides an Dataddo’s Free plan aims to help
automated, no-code data integration businesses overcome these obstacles by
platform announced the launch of its Free making it easier for them to share data and
plan—the first-ever free data integration familiarize employees with visualization
plan with no extraction limits. This is a no- tools before investing in paid tools. The plan
investment way for any professional, is the first free data integration plan on the
regardless of technical skill, to access and market that puts no cap on extraction
start working with data from disparate limits, and it can be used for an unlimited
sources. The plan comes as a response to period of time.
company cultural obstacles that hinder
Under the plan, subscribers can access any
the adoption of data initiatives within
ten of Dataddo’s 200+ connectors and
organizations across industries, such as
automate the synchronization of any
low data literacy.
volume of marketing, sales, financial, and
For at least the last five years, the grand other cloud data to up to three
majority of leading companies across dashboarding applications and/or Google
industries have been investing in data Sheets weekly. The company offers a
initiatives, with the percentage, today growing library of free templates for
being as high as 97%. Yet only 26.5% of popular dashboarding applications,
these companies claim to actually be enabling professionals with any level of
data-driven. data skill to start analyzing immediately.
Mounting evidence suggests that the The platform is SOC 2 Type II certified and
main reason for this discrepancy is compliant with all major data privacy laws
company culture, meaning both a lack of around the globe, including ISO 27001, GDPR
executive buy-in on initiatives and a lack for Europe, CCPA and HIPAA in the US, LGPD
of employee confidence in data skills. for Brazil, POPIA for South Africa, and more.
A
deep learning A.I. analytics software for
tScale announced at the Semantic Layer Summit an
insights AI models can generate.
healthcare, life sciences, and business expanded set of product capabilities for organizations
Here at AtScale we can leverage working to accelerate the deployment and adoption of
applications, has introduced its latest
our unique position in the data enterprise artificial intelligence (AI). The new capabilities
application interface, Signal. Signal
stack to streamline and simplify leverage AtScale's unique position within the data stack with
enables users to monitor trends and
how the business can consume support for common cloud data warehouse and lakehouse
identify anomalies in their Layar data
and use AI immediately, platforms including Google BigQuery, Amazon Redshift,
fabric through highly visual charts and
generating faster time to value Snowflake, and Databricks. Semantic predictions make it
graphs. Vyasa's Signal is being used
from their enterprise AI easier to work with, share, and use AI-generated predictions.
across a variety of industries to help
investments.” Predictions are immediately available for exploration by
users monitor trends, identify needs in
business users using common BI tools. Managed features
the market and discover emerging Gaurav Rao, Executive Vice
technologies. Users can filter charts and President and General Manager can be sourced from the existing library of models
graphs to receive dynamic results for of AI/ML at AtScale maintained by data stewards or by individual work groups.
Find out more about the Seagate Lyve Cloud Analytics platform here.
B A
igconfig is the first monitoring-as-code solution to ccenture and Google Cloud today announced an
support enterprise-scale data observability. expansion of their global partnership through a
It was designed in partnership with data engineers
renewed commitment to growing their respective talent,
who use Bigeye on hundreds to thousands of tables increasing their joint capabilities, developing new solutions using
at a time. With Bigconfig, you can use prebuilt YAML data and AI, and providing enhanced support to help clients build
templates to define and customize monitoring rules a strong digital core and reinvent their enterprises on the cloud.
and then easily apply them across your environment.
CNA Insurance, Lendlease and Origin Energy are examples of the
Enabling the data-driven enterprise with reliable
leading companies that have selected Accenture and Google
data
Cloud to be part of their digital transformations. Accenture will
Enterprise data pipelines are increasingly complex with invest more resources to help clients operate cloud-first
too many potential points of failure to monitor with organizations and deliver value under compressed timelines.
manual testing. Many data teams achieve under 5% test
Accenture and Google Cloud will help companies utilize the full
coverage of their data pipelines, limited to just those
power of cloud and data, which include:
that are most visible or least reliable. As a result,
analytics dashboards, ML algorithms, and customer Google Cloud Talent Creation: Accenture will expand to 15,000
applications are left exposed to data outages that Google Cloud certifications in areas such as application
impact customers, partners, and internal stakeholders. modernization, data analytics and AI, mainframe migration,
cybersecurity, and sustainability.
More monitoring, less configuration code
New Solutions Powered by Google Cloud: Accenture and Google
Providing broad, deep automated data monitoring for Cloud will also develop solutions and accelerators for specialized
your entire environment through an intuitive application industry use cases, such as customer transformation, sales and
is critical but—as the explosion in popularity of Terraform marketing optimization, smart analytics, visual inspection, and
has shown—data engineers also need "as code" solutions more.
to handle the complexity and scale of the enterprise. New Global Innovation Hubs: Accenture and Google Cloud will
invest further in new joint Innovation Hubs in Dublin and other
Using Bigconfig data teams can manage their data
global sites to rapidly iterate, pilot, and deploy innovative solutions
observability with simple, powerful configuration files.
on Google Cloud. A joint engineering center of excellence will
With Bigconfig, you can use prebuilt YAML templates to address specialized technical use cases for data analytics, AI, ML,
define and customize monitoring rules and then easily application modernization, infrastructure, security, and SAP.
apply them across your environment in just a few lines of ai.RETAIL optimized for Google Cloud: Accenture's integrated
code. retail platform, ai.RETAIL, will be optimized to harness Google
Cloud's Product Discovery and Vertex AI capabilities to help
Click here to Learn More companies improve consumer engagement and conversions and
make their supply chain more sustainable.
Gap Analysis/Research
The first step was defining what we are missing.
I did my own internal research and analysis of our
spending plans, and operational and capital
expenditures. We have data lakes, data
warehouses, data hubs, sales data hubs,
eCommerce components, middleware, operational
data, forecasting, loyalty, pricing – reams of data
but no clear insight into what or who our
customers are. Personally, I like to do recon and
innovation to see what might fill or augment the
gaps. So, off I went to CIO conferences,
segmentation sessions, webinars on marketing
funnels and how to acquire and keep customers.
They were a start, however not a clean fit for our
multi-faceted business model. I found potential
solutions from multiple markets: transportation,
logistics, hospitality, technology, travel, and
retail.
Oren Gruber
Governance, Vision & Knowing What’s Beyond the Integration, Governance and
Achievable… Crafting the Vision of What Our Customer
Data Should Be – Politics, $ and Fiefdoms
Like any endeavor that pushes the envelope into new
territory, I needed to know my leadership’s limits. Years My data points and overlaps were/are (still in process)
ago, I began using this calculus in consulting that has been focused on sales channels, loyalty and new customers,
very apt: 2 versions of ROI = Return on Investment and/or digital footprints, eCommerce funnels, and physical
Return on Influence. Perhaps it’s one or both, but when locations. I chose them because they cover large parts
getting approval or asking for forgiveness, this has proven of my leadership’s portfolios and do not specifically
to be quite successful. Any proof of concepts or new identify any as a weakness. At this point, the more buy-
directions in innovation would need a future governance in I have the better. My plan is to be able to have
model and milestones that are achievable. enriched data and insights with a projected drawdown
on labor for too many enterprise systems.
Elver
Naranjo
Director, Customer
Analytics · Tebra
How data
Data and technology have been present in healthcare for
some time, but they have not been fully developed and
utilized in smaller practices in the United States. However,
data analytics is finally making a powerful entrance into our
healthcare …
make all the decisions. Now, more than ever, patients are
taking charge of their health and their healthcare journey
and being empowered to make choices about their health.
And they should be. After all, it’s their health. They want to
from the inside be involved in their care and they want to be informed about
their options.
The healthcare industry is constantly evolving, and one of This new trend is benefiting both patients and providers by
the most notable changes is the average age of giving them a better understanding of their needs and how
providers. As new, younger providers join the workforce, they interact with the system and each other. This patient-
they bring with them a greater comfort level with centric focus helps to improve patient outcomes and
technology, graphs, filters, excel, and dashboards. This satisfaction while also reducing costs. If patients are
shift is driving the demand for new, better solutions that thinking like consumers, practices must start thinking like
are more user-friendly and interactive and most service providers, which are now more than ever easily
importantly, fast ways to make decisions. Having a exchangeable for the provider's next block.
dashboard with your net revenue collection, outstanding
AR, and even provider occupancy is now the norm within
medical practices. More and more decisions are being DID YOU NOTICE IT?
made based on data rather than intuition. The challenge
Did you? All my experience with my daughter, the
becomes then, the everyday challenge for data experts,
provider, and a pesky cold, from beginning to end, was
how do you condense, gamify, and allow for better
engineered by and through data, designed to produce
decision-making with 3 seconds' worth of attention span?
more data, that then can be analyzed for my providers to
Creating data is not enough, but true business
make even more decisions based on data. Every step of
intelligence is becoming the norm. the way, the practice was aware of what was happening,
where I was, and what was I doing, setting a bar for how
PATIENT-CENTRIC FOCUS long I should have been there before my experience
deteriorated.
Remember we spoke about consumerism in healthcare?
This also brings a new trend: patient-centric healthcare And practice management softwares are also catching up
versus illness-centric healthcare. Metrics such as wait to these trends, making it easier for providers to manage
times, patient level of effort, patient experience, and post- every step of the process, from positioning themselves to
appointment surveys are every time more predominant in the right audience and target patient segments to
our every day for providers, who now are shifting their understanding their performance during and after every
focus from not only curing the illness but also ensuring the patient visit, all the way to analyzing, in very simple and
best possible patient experience resulting in better organic ways, very complex things as revenue generated
outcomes for everyone involved. and outstanding balances. Tech healthcare is here to
stay, and so is a new era of business intelligence in
Using data analytics, practices can get a better handle on healthcare, not only for the tech giants but the provider
which metrics are most important to their patients and how down the street also now using data to provide a better
they can improve in those areas. consumer experience even before the experience starts.
Understanding your End-to-End Business Processes It’s no longer enough to develop good strategies that look
at approaches with a single “global” or “national”
Yeah. This one is pretty obvious. But for a data-driven
standard. With mobility and accessibility to data from
solution, some strategists will just look at business
multiple devices as the new normal, the strategies we
processes related strictly to data flows. To design a great
develop for our data approaches must enable us to adapt
approach, a strategist will look beyond immediate data
to different, increasingly localized environments. That
flows and seek to understand how your organization’s
means we have to understand the differences in
broader goals, and current and future processes could
infrastructural capacity, geophysical climates, bandwidth,
potentially be impacted by data, how users work with data
accessibility, and user usage norms that can exist at the
now, and how they might work with data in the future.
local level. It can also mean understanding what is local
Indeed, a really good exchange will get into the details of
from a local’s perspective and how that will affect the
the process and reveal the possibilities of where the right
implementation of your approach, whether that locale is a
data approach can provide multiple levels of insight, and
small farming village in Sri Lanka, a manufacturing zone
help your key personnel save time and resources over the
in a Baltic State, an elephant preserve in Kenya or a
long term.
technology firm in a small town in North Carolina.
How Data
Analytics Is
Reshaping
Manufacturing
Using computer vision, manufacturing companies can The supply chain of any manufacturing unit is critical. The
automate visual inspections with unprecedented speed and whole process of manufacturing, from start to finish, involves a
precision, allowing computers to effectively manage quality lot of processes that are dependent on each other. Hence, if
control while reducing costs. one part goes wrong then the entire manufacturing process
becomes inefficient. Data analytics helps companies to identify
For manufacturers, improving quality control means improving bottlenecks and inefficiencies in their supply chain. Supply
profits, as well as minimizing risks. Using computer vision, they chain applications range from simply providing visibility into
train the system to recognize objects, such as threads, that are inventory levels to complex supply chain optimization and
too small, too large, or too jagged. transformation, with real-time data and high-performance
analytics enabling new levels of supply chain performance.
Yield optimization:
The goal of yield optimization is to use data analytics, AI and In order to stay competitive, manufacturers must shift their
optimization techniques to deliver a high-quality product at focus from just producing products to delivering a better
optimal cost all while increasing profitability by reducing waste experience at every touch point in their supply chain – from
and productivity. product planning to sales to delivery to support. This success
largely depends on how effectively companies can extract
In any manufacturing process, raw materials are an essential value and insights from their data and use it to build a
ingredient. The properties of the raw materials used can have profitable manufacturing process that is optimized for their
a significant impact on the eventual production output. This is customers and returns the best ROI to their shareholders. As
especially true for industries such as chemicals, mining, or AI-based solutions integrate further into manufacturing
pharmaceuticals, where even small variations in raw materials operations and production processes, companies will be able
can lead to large fluctuations in manufacturing yield. While to make better and faster decisions by monitoring real-time
hundreds of different production parameters are available to data streams and using analytics to find inefficiencies and
be controlled in the modern manufacturing plant, it can be improve operational performance across supply chains.
difficult to determine which of these parameters are the most
important to monitor in order to ensure a consistent and high-
quality output. Discrete Event Simulation
Different materials require different amounts of time to DES provides a high-fidelity representation of a manufacturing
process. If a machine is not operating at peak efficiency, it can process, taking into account many of the factors that affect
hold up production. Data analytics tools can help by analyzing production, such as machine utilization, process constraints,
all data related to input material across facility machines and and material handling. DES can be used to accurately
telling operators how changing each of those input variables characterize uncertainty in batch processing times, which is
will affect the machine throughput. This information can then vital for optimizing production schedules. Data analytics can
be used to make changes that will improve production help identify patterns in batch processing times and thereby
efficiency. Data, analytics, and machine learning can help improve the accuracy of DES models. Ultimately, the use of
optimize yield by dynamically identifying and eliminating DES and data analytics can help reduce costs and improve
bottlenecks, increasing productivity, reducing inventory, and efficiency in manufacturing.
improving asset utilization.
Data
Governance,
Analytics And
The Role Of
The CIO
TIM PATRICK-SMITH
CEO - TPS IT MANAGEMENT
CIOs and executives need to recognize that the CDO role goes beyond technology.
A data governance program is more than just a reporting tool or a data modeling
discipline; it encapsulates the enterprise's entire data management strategy.
To succeed, a CIO must partner with the CDO on their data analytics strategy and
involve them in their BI solutions. - Tim Patrick-Smith
Trends such as the Internet of Things (IoT) and Due to the large volumes of data now in play, the
tighter data protection regulation (GDPR) are set to integration of automated processes is also
exponentially increase the volume of data that necessary to cost-effectively analyze and extract
businesses gather and have to manage. Certainly, value. Purely collating huge amounts of data is
IT infrastructure will need to be updated to enable useless for a business if there is no structure in
and secure the myriad of new devices wishing to place to analyze it and produce valuable insights. In
connect but for CIO’s, improving IT infrastructure addition, there is an ever-growing need to correctly
alone is no longer enough. Instead, they need to catalog and control the data a business uses, to
step up and work along with their IT departments extract value and then remove data within the
and other areas of the business, to employ effective constraints of fixed retention timescales. For IT
strategies to analyze and extract value from the data departments to maintain relevancy and drive
available so that their business is in the best efficiencies, it is important they utilize automation
possible position to both compete and succeed in throughout their organization to deliver value as well
their relevant markets. as security and good data governance.
What people want now is a simple platform for data storage and data analysis, one that is easy to operate and use, and
compatible with all of their existing data analytics and data transformation technologies. They also want a data platform
that can be on an on-ramp into the world of machine learning. As we enter next year there are no remaining on-
premises data platforms that can meet these needs, and also provide a level of cost control yet instant scalability that
can be achieved by data platforms that are native to the cloud.
THE EMERGENCE OF FULL-FEATURED If your data is stored in a cloud data platform, it is very
CLOUD DATA PLATFORMS easy and very inexpensive to deploy these best-of-breed
machine learning models against your data without doing
Maturing seemingly just in time to catch the fallout of the
the normal legwork to assemble training data and train
above trend, cloud-native data platforms are the obvious
models.
solution as we enter 2023. Even large companies that a
a few years ago said they would never store and process
This is definitely an area worth exploring in 2023 as
their data on a public cloud system are doing just that.
large benefits can be achieved with relatively small
amounts of effort, and without having to hire your own
The cost savings, scalability benefits, and potentially most
army of data scientists.
importantly the ability to access cutting-edge machine
learning and AI services in a seamless manner are too
compelling to ignore. Further, concerns about the security RISE OF DATA AS A SERVICE (DaaS)
of the cloud have turned out to be relatively unfounded, as
companies realize that large cloud providers have hired As the amount of data companies manage continues to
all the best security experts and they may as well leverage rise, the need for scalable and flexible data storage
that versus trying to hire their own. increases as well. Businesses today face an
unprecedented challenge: the volume of data they
Big Data Processing has become one of the largest drivers collect and use is growing so fast they are unable to
of cloud-based computing growth, and with the increasing keep up with the demand for new data-savvy employees
use of machine learning and AI techniques, big data will or systems to maintain it. Furthermore, keeping all the
continue to be a driver for many years to come. data inside a single organization can't provide the
visibility needed to manage all the information assets an
The cloud data platforms offered by the large cloud mega- enterprise has gathered over time. Fortunately, there is
vendors such as Google, Amazon, and Microsoft, as well a new way to manage enterprise data – Data as a
as by independent data platform upstart Snowflake Service. As more organizations realized the importance
(together, the “GAMS Platforms”) represent the best of of their data and their need to adapt to new expectations
breed cloud data platform offerings as we enter into 2023. related to governance, security, and governance, there
If you are not using or exploring the use of one of these is a rise in the adoption of DaaS solutions.
platforms as the core of your data management strategy
The advantages of this type of service include the ability
by the end of this year, you will be in a small minority of
to scale quickly and pay only for what is used, as well as
the world.
the elimination of the need to invest in on-premises data
infrastructure. DaaS is becoming an increasingly popular
option for organizations that want to take advantage of big
SERVERLESS, PRE-TRAINED
data but do not have the resources to invest in their own
MACHINE LEARNING SYSTEMS
data infrastructure.
One of the benefits of using a modern cloud data platform
in 2022 is that you can have seamless access to pre- In coming years, DaaS providers are expected to offer
trained machine learning models that are starting to be even more sophisticated tools and services, making it an
provided by large cloud vendors. In the past, you would attractive option for organizations of all sizes.
need to assemble training data, train an ML model, and
then deploy it to get benefits from machine learning. But 2022, JUST THE BEGINNING ON ALL
these cloud vendors have now done all of that for you, for THESE FRONTS
popular machine learning areas like forecasting, image
recognition, sentiment analysis, and personalization. And 2022 is just the beginning in these areas. Cloud data
platforms' capabilities are leaping forward by the day.
For example, Amazon Forecast is trained by Amazon using
More and more pre-trained machine learning models are
Amazon and other data that they have gotten from their being offered by large companies and also by smaller
own business--some of which would likely be impossible companies. And privacy concerns and regulations may
for any other company to replicate on their own. Amazon start out as a constraint or drag on your business but if
has trained this model to forecast any real-world set of
properly complied with, could unlock new avenues of
events. It takes your own data, and uses what it has
value-add for your customers, and increased trust
learned from Amazon-sourced data, and can predict any
between you and your customer base.
future time series based on what has happened in the past
Amazon Personalize is similar but it predicts the best offer
So keep an eye on these trends, and make sure you are
or other things to offer to a user, based on what users like
focused on getting the most of them as we enter 2023, as
them have done in the past.
their importance will only grow from here!