In this regular column, we'll bring you all the latest industry news centered around our main topics of focus: big data, data science, machine learning, AI, and deep learning. Our industry is constantly accelerating with new products and services being announced everyday. Fortunately, we're in close touch with vendors from this vast ecosystem, so we're in a unique position to inform you about all that's new and exciting. Our massive industry database is growing all the time so stay tuned for the latest news items describing technology that may make you and your organization more competitive. Algorithmia, a leader in ML operations and management software, announced Insights, a new solution for ML model performance monitoring that provides reliable access to algorithm inference and operations metrics. Many organizations today don't have the ability to monitor the performance of ML models working their way into production applications, and organizations that do, use a patchwork of disparate tools and manual processes, often without critical data required to satisfy stakeholder requirements. Without comprehensive monitoring and centralized data collection, organizations struggle with model drift, risk of failure, and the inability to meet performance targets in response to shifts in environment and customer behavior.
Big data as the name suggests is a large amount of data that is growing exponentially and it is difficult to be managed by traditional data management tools. These large data sets need cost-efficient, innovative, and efficient methods for analysis so that they can be helpful to devise insights. Currently, the world produces 2.5 quintillion bytes of data daily. The explosion of data continues in the roaring '20s, both in terms of generation and storage the amount of stored data is expected to continue to double at least every four years. When we look at Facebook that has hundreds of users across the globe. Facebook generates about 500 petabytes of data. And the company also uses big data to handle data needs. In the age of digital technology and social media, the amount of information generated is increasing exponentially. It has now become possible to analyse the data and get insights from it immediately. The concept of big data has been around for several years. Big data, in particular, offers marketers with unmatched data regarding their customers, which opens possibilities of easily recording, tracking and processing massive volumes of data within all actions. Big data solutions include storage, backup, analysis, visualization, as well as administrative controls for enormous volumes of data. Big data solutions make a complicated data infrastructure more efficient. Furthermore, big data technologies allow smart cities to leverage expanded capabilities. Internet of Things (IoT) technologies, smart sensors, smart transportation and other innovations are all part of this. Several companies have emerged over the years to provide solutions for wrangling huge datasets and understanding the relevant information within them. Some offer powerful data analysis tools, while others aggregate and organize datasets into usable formats. Big data has its uses and applications in almost every industry. Big data has a massive contribution to the advancement in technology, growth in business and organizations, profit in each sector, etc. Looking at the non-stop growth and progress of big data, companies started adopting it more frequently. A3logics is a global IT services, consulting, and business solutions company leveraging best-in-class technologies to drive business efficiency. A3logics creates a next-generation space dedicated to aligning IT with business goals. The company's dedicated team of tech-savvy developers and enthusiasts help organizations embrace top solutions, which will help them fulfil their business objectives. A3logics uses artificial intelligence, blockchain, IoT, big data, augmented and virtual reality, etc to come up with software solutions that reflect the future. With the aim to bridge the gap between technology and business needs, the company works as a global provider of innovative solutions.
In this regular column, we'll bring you all the latest industry news centered around our main topics of focus: big data, data science, machine learning, AI, and deep learning. Our industry is constantly accelerating with new products and services being announced everyday. Fortunately, we're in close touch with vendors from this vast ecosystem, so we're in a unique position to inform you about all that's new and exciting. Our massive industry database is growing all the time so stay tuned for the latest news items describing technology that may make you and your organization more competitive. Matillion Advances Speed And Simplicity Of Data Integration With Release Of Matillion Data Loader – Matillion, a leading provider of data transformation software for cloud data warehouses (CDWs), announced Matillion Data Loader, a free Software-as-a-Service (SaaS) data integration solution that empowers data analytics professionals and business users to simply and easily load and migrate data with a powerful and scalable product.
Managing data has always been a challenge for businesses. With new sources and higher volumes of data coming in all the time, it's more important than ever to have the right tools in place. Predictive analytics tools and software are the best way to accomplish this task. Data scientists and business leaders must be able to organize data and clean it to get the process started. The next step is analyzing it and sharing the results with colleagues.
Airflow is an open-source workflow management platform for data engineering pipelines. Alation focused on data governance, analytics, and data management. Alluxio is an open-source data orchestration layer that brings Data close to compute for big data and AI/ML workloads in the cloud. Amundsen is a data discovery and metadata engine for improving the productivity of data analysts, data scientists, and engineers. Anodot detects and groups anomalies across silos to help you find and fix business incidents in real-time.