Data Management News for the Week of June 7; Updates from Cloudera, Snowflake, Informatica & More
Solutions Review Executive Editor Tim King curated this list of notable data management news for the week of June 7, 2024.
Keeping tabs on all the most relevant big data and data management 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 big data and data management news items.
Top Data Management News for the Week Ending June 7, 2024
Airbyte, creators of the leading open-source data movement infrastructure, announced the launch of its Snowflake Cortex destination, a new data connector that is the first for Snowflake users who are interested in building Generative AI (GenAI) capabilities directly within their existing Snowflake accounts. In a recent survey, 93% of chief data officers agreed that data strategy is crucial for getting value out of generative AI. With no coding required, users can create a dedicated vector store within Snowflake (compatible with OpenAI) and load data from more than 300 sources.
Alation Deepens Integration with Snowflake to Improve Data Quality and Deliver AI-Ready Data
Alation Inc., ‘the data intelligence company’, announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, a deepened integration with Snowflake Horizon to increase data quality and deliver AI-ready data for organizations. Alation’s Open Data Quality Framework, now supports integration with Snowflake Horizon, enabling organizations to proactively detect and address data quality issues before they impact business or data operations, facilitating improved governance, faster and more accurate AI model development, and trusted decision-making across the enterprise.
Bigeye Introduces End-to-End Enterprise Lineage for Hybrid Data Environments
Bigeye has launched its new column-level lineage support for ETL platforms, including the availability of Informatica Powercenter lineage, enhancing data observability across hybrid enterprise data environments. This new feature allows customers with on-premises legacy data sources to use Bigeye’s data observability platform to map the lineage of their entire data analytics pipeline—even as data moves between on-premises sources and their cloud data warehouse—delivering comprehensive data quality insights to data consumers.
Census Launches Live Syncs: Real-Time Data Activation on the Snowflake AI Data Cloud
Census, ‘a leading data activation and reverse ETL platform’, announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, the launch of Live Syncs, one of the fastest-ever data activation solutions for Snowflake. Developed in partnership with Snowflake’s product team, this new integration on the Snowflake AI Data Cloud will enable organizations to sync their data 100+ times faster and 100+ times cheaper than with traditional batch processing.
Cisco and Splunk Announce Integrated Full-Stack Observability Experience for the Enterprise
Cisco (NASDAQ: CSCO) unveiled the first of its innovative integrations with Splunk, a Cisco company, as the organizations combine their market-leading observability technologies to accelerate full-stack observability for the entire enterprise, helping customers deliver more performant and secure digital experiences. Through the full-stack observability journey, organizations can unlock unified visibility across any environment (on-premises, hybrid and multi cloud) and any stack while harnessing powerful real-time analytics for faster, more accurate detection, investigation and response.
Cloudera Makes Bold Bet on Strategic Acquisition of Verta’s Operational AI Platform
Cloudera, ‘the data company for trusted enterprise AI’, announced it has deepened its AI expertise with its acquisition of Verta’s Operational AI Platform. The Verta team will join Cloudera’s machine learning group, reporting to Chief Product Officer, Dipto Chakravarty. With the addition of Verta, Cloudera has further solidified its position in the competitive AI landscape, acquiring world-renowned talent and technology in AI and ML. The Verta team will draw on their collective expertise to help drive Cloudera’s AI roadmap and enable the company to effectively anticipate the needs of its global customer base.
Denodo, ‘a leader in data management’, announced that it has been named a Customers’ Choice in the Gartner Peer Insights “Voice of the Customer”: Data Integration Tools, 24 May 2024 report. With an overall rating of 4.6 out of 5*, Denodo is one of only four vendors to be named a Customers’ Choice for 2024, and is the only vendor to be recognized for four consecutive years. The complete, complimentary Gartner Peer Insights “Voice of the Customer”: Data Integration Tools, 24 May 2024 report can be found here.
Immuta Announces Multi-Layered Data Governance and Audit for RAG-Based GenAI Applications
Immuta, ‘the data security experts, announced new data governance and audit capabilities for Retrieval Augmented Generation (RAG)-based GenAI solutions across multiple cloud platforms’. With this release, Immuta is first-to-market with a multi-layer architecture for securing, monitoring, and auditing sensitive data accessed by RAG-based AI applications. A recent survey by Immuta found that 80% of data experts agree that AI is making data security more challenging. Despite this, 88% also say…
Informatica Launches New Generative AI and Snowflake Native App Offerings on the Snowflake AI Data Cloud
Informatica (NYSE: INFA), ‘an enterprise cloud data management leader’, announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, Native SQL ELT support for Snowflake Cortex AI Functions, the launch of Enterprise Data Integrator (EDI) and Cloud Data Access Management (CDAM) for Snowflake. These new offerings on the Snowflake AI Data Cloud will enable organizations to develop Generative AI (GenAI) applications, establish streamlined data integration and provide a centralized, policy-based access management, simplifying data governance and ensuring control over data usage.
Matillion Democratizes GenAI with No-Code Cortex Components on Snowflake AI Data Cloud
Modern data pipeline platform provider Matillion announced at Snowflake Data Cloud Summit 2024 that it is bringing no-code Generative AI (GenAI) to Snowflake users with new GenAI capabilities and integrations with Snowflake Cortex AI, Snowflake ML Functions, and support for Snowpark Container Services. Matillion’s graphical components make it easy and near instant to incorporate GenAI into data workflows, regardless of technical expertise. To do this, Matillion abstracts SQL functions that run in Cortex AI’s fully managed infrastructure for LLMs.
New Coalesce Marketplace Accelerates Snowflake Data Projects
Coalesce, the data transformation company, announced the launch of its new Coalesce Marketplace at Snowflake’s annual user conference, Snowflake Summit 24. Currently available in private preview, Coalesce Marketplace offers over 30 certified, ready-to-use code collections, known as Packages, to expedite the development and delivery of Snowflake data projects.
New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs
Confluent, Inc. (NASDAQ:CFLT), ‘the data streaming pioneer’, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivotal role data streaming plays in helping businesses maximize the full potential of their data.
Ontotext Further Enriches Knowledge Graphs – Latest Version of Metadata Studio Provides Text Analytics of Unstructured Documents
Ontotext, ‘the leading provider of enterprise knowledge graph and semantic database engines,’ announced the latest version of Ontotext Metadata Studio (OMDS), a tool designed for knowledge graph enrichment through text analytics of unstructured documents. Version 3.8 aids in the creation, evaluation, and quality improvement of text analytics services. With more intuitive and effective search solution capabilities, enhancement to OMDS removes the difficulties users face when exposing semantic search over their documents, especially when they are working with their own, custom reference domain models.
Qlik Announces Qlik Talend Cloud and Qlik Answers, Eliminating Barriers to Enterprise AI Adoption
Qlik®, ‘a global leader in data integration, analytics, and artificial intelligence (AI)’, unveiled Qlik Talend® Cloud and Qlik Answers™ at its flagship annual event, Qlik Connect. These new solutions will accelerate enterprise AI adoption, with Qlik Talend Cloud delivering no-code to pro-code, AI-augmented data integration capabilities, and Qlik Answers offering AI-generated answers with full explainability from unstructured data. Together, they represent Qlik’s commitment to providing comprehensive, end-to-end solutions to leverage AI technology for competitive advantage.
RelationalAI Debuts Knowledge Graph Coprocessor as Snowflake Native App on Snowflake Marketplace
RelationalAI, ‘the knowledge graph coprocessor for the Snowflake AI Data Cloud’, announced at Snowflake Data Cloud Summit 2024, the public availability of its Snowflake Native App on Snowflake Marketplace. Built with the Snowflake Native App Framework and Snowpark Container Services, RelationalAI enables customers to combine knowledge graphs with GenAI to get more value from their data and make better decisions. For decades, organizations have sought methodologies to improve decision-making by using large stores of data.
Safe Software Named a Customers’ Choice in 2024 Gartner® Peer Insights™ ‘Voice of the Customer’: Data Integration Tools
Safe Software, ‘a leading provider of innovative data integration solutions’, is proud to announce that it has been named a Customers’ Choice in the Gartner Peer Insights ‘Voice of the Customer’: Data Integration Tools report for May 2024. This marks the second consecutive year that Safe Software has received this recognition. We feel it reflects the company’s commitment to delivering superior products and services that meet the evolving needs of its customers.
SoundCommerce Launches Reactor to Reduce the Time, Effort and Cost of AI-Ready Data
Composable data platform provider SoundCommerce unveiled Reactor, an intelligent data “ETLT” pipeline offering breakthrough flexibility to collect, model, analyze and activate mission-critical data in the AI era. Reactor provides fully prepped and modeled data for faster time-to-value for improved decisioning and AI outcomes, while creating cost-efficiencies to tamp down the spiraling costs of enterprise data management. With Reactor’s drag-and-drop user interface, you can build advanced data flows that unify data across sources and schemas to connect website data…
SnapLogic Expands Snowflake AI Data Cloud Connectivity to Address Growing Demand for Enterprise Generative AI
SnapLogic, ‘a leader in generative integration’, announced at Snowflake Summit 2024 new connectivity and support for Snowflake vector data types, Snowflake Cortex and Streamlit to help companies modernize their businesses and accelerate the creation of generative AI applications. Now customers can leverage SnapLogic’s ability to integrate business critical information into Snowflake’s high-performance cloud-based data warehouse to build and deploy large language model (LLM) applications at scale in hours instead of days.
Snowflake Summit 2024
According to a recent Bigeye report, 70% of decision-makers don’t trust analytics dashboards to make critical decisions due to regular data quality incidents. Join Kyle Kirwan, CEO and Co-Founder of Bigeye, as he sits down with data and analytics leaders responsible for some of the largest, most complex enterprise data environments to discuss the challenges that reduce trust in business analytics as well as strategies for tackling them. Topics will include monitoring data even as it moves from traditional data sources into Snowflake; tackling analytics reliability for executive dashboards; and building business leader trust by providing insight into dashboard health.
Snowflake Unveils Polaris Catalog and Emphasizes Commitment to Interoperability With AWS, Google Cloud, Microsoft Azure, Salesforce, and More
Snowflake (NYSE: SNOW), ‘the AI Data Cloud company’, announced at its annual user conference, Snowflake Summit 2024, Polaris Catalog, a vendor-neutral, open catalog implementation for Apache Iceberg — the open standard of choice for implementing data lakehouses, data lakes, and other modern architectures. Polaris Catalog will be open sourced in the next 90 days to provide enterprises and the entire Iceberg community with new levels of choice, flexibility, and control over their data, with full enterprise security and Apache Iceberg interoperability with Amazon Web Services (AWS), Confluent, Dremio, Google Cloud, Microsoft Azure, Salesforce, and more.
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.
New Episode of Information Risk with SR Expert @ Insight Jam David Loshin
On this episode of Information Risk, David Loshin enlightens us on the intricacies of customer due diligence and the risks related with poor practices. He and Doug discuss real-world enforcement actions by the Office of the Comptroller of the Currency against banks in Ohio and Connecticut and explore the broader implications of these issues within the financial system.
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.
For consideration in future data management news roundups, send your announcements to the editor: tking@solutionsreview.com.
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