Analytics and Data Science News for the Week of June 7; Updates from Databricks, insightsoftware, Microsoft & More
Solutions Review Executive Editor Tim King curated this list of notable analytics and data science news for the week of June 7, 2024.
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 June 7, 2024
Award-Winning Decision Intelligence Firm Quantexa Accelerates Global Momentum, Announces Strong FY24 Business Results
Quantexa, ‘a global leader in Decision Intelligence (DI) solutions for the private and public sectors’, announced its continued global business momentum and growth highlights from their 2024 fiscal year, dating from April 1st, 2023, to March 31st, 2024. With a focus on helping customers realize the benefits of practical applications of trusted data and AI, the company delivered on its goals of driving sustainable growth through increased platform and solution adoption, geographic, and industry expansion.
Databricks Doubles Down on Delta Sharing Open Ecosystem With Product Innovations and Strategic Partnerships
Databricks, the Data and AI company, announced new and expanded strategic partnerships for data sharing and collaboration with industry-leading partners, including Acxiom, Atlassian, Epsilon, HealthVerity, LiveRamp, S&P Global, Shutterstock, T-Mobile, Tableau, TetraScience, and The Trade Desk. Databricks’ investments in its open data and AI ecosystem enable customers to efficiently collaborate across platforms and unlock AI innovation.
Hyperscience Unveils New Solution to Unlock GenAI for Mission Critical Applications
Hyperscience, ‘a market leader in hyperautomation and a provider of enterprise AI infrastructure software,’ announced a new solution that ushers the back office into the GenAI age, by fine-tuning LLMs with ground truth documents embedded at the core of the enterprise. Hypercell for GenAI automatically annotates, labels, and structures data from documents for fine-tuning LLMs and GenAI experiences, allowing organizations to rapidly and continuously develop highly accurate, relevant and valuable enterprise models. Through a trusted and proven interface, business people can use Hypercell for GenAI to accelerate mission critical workflows, grounded in secure, proprietary data, and tuned to the business.
insightsoftware Acquires FXLoader, Adding Automated Exchange Rate Software to its Portfolio of Solutions for the Office of the CFO
insightsoftware, ‘the most comprehensive provider of solutions for the Office of the CFO’, announced it has acquired FXLoader, a UK-based provider of automated exchange rate loading software for enterprise resource planning (ERP) systems and financial applications. FXLoader expands insightsoftware’s existing reporting and consolidation capabilities by automating critical foreign exchange rate processes in real-time for global organizations. Founded in 1998, FXLoader has been used and trusted by major international organizations for more than 25 years.
Prophecy Launches First Data Transformation Copilot For Databricks
Prophecy, the data copilot company, announced Prophecy Data Transformation Copilot for Databricks, the industry’s first copilot that accelerates the preparation of raw data for analytics and AI applications. By leveraging generative AI, Prophecy Data Transformation Copilot expedites the development, deployment, and monitoring of enterprise-grade data pipelines native to the Databricks Data Intelligence Platform, ensuring the delivery of clean, trusted, and timely data for analytics.
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, predictions, and vendor-neutral software evaluation tools.
What to Expect at Mini Jam LIVE, Q2 2024, on June 6-7
Think of the Insight Jam as a continuous, ongoing, interactive tech event where Solutions Review editors, experts, and partners enable the human conversation around AI. This event will feature more than 5 hours of programming and more than 25 experts.
What Are Good KPIS for Data? by SR Expert @ Insight Jam Nicola Askham
In my many years of working in data governance, this question comes up quite a lot…Can you provide examples of standard Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for data? So in today’s blog, I’m going to share my thoughts on this question.
Databricks Data+AI Summit 2024 Sneak Peek by SR Expert @ Insight Jam Philip Russom
DAIS is essentially a user conference, produced by Databricks, one of the leading software providers for use cases in D&A. Hence, the conference is a no-brainer for Databricks’ current customers who need to maintain and improve their Databricks-based D&A solutions.
For consideration in future analytics and data science news roundups, send your announcements to the editor: tking@solutionsreview.com.
