AWS launches Amazon FinSpace to muscle in on financial services cloud offerings

Amazon Web Services (AWS) has launched Amazon FinSpace, an industry cloud offering aimed squarely at helping finance organisations efficiently prepare and analyse data.

The purpose-built analytics service 'aggregates, catalogues, and tags data across an organisation's data silos', enabling the data to be easily searchable across the entire company. This is achieved, in part, through a purpose-built managed Apache Spark analytics engine, with more than 100 'data transformations'...

Five leading trends of database innovation: Cloud-native, self-driving, and more

In the wake of the pandemic, one trend that emerged is the need for digitalisation, and this will continue – and even grow – in the future. And, while it’s still not clear exactly what that actual economic impact of Covid-19 will be, IDC predicts that the digital economy will accelerate to counter this. The firm predicts that over 65% of APAC GDP is expected to be digitalised between 2020 and 2023 and spending will hit US$ 1.2 trillion.

As businesses – and even economies...

Databricks launches on Google Cloud to complete hyperscaler hat-trick

Data and analytics platform provider Databricks has launched availability on Google Cloud, adding to its Amazon Web Services (AWS) and Microsoft Azure offerings.

The jointly developed service provides 'a simple, open lakehouse platform for data engineering, data science, analytics, and machine learning', in the words of Hiral Jasani, Databricks partner marketing manager, in a blog post.

This means Databricks is tightly integrated with Google Cloud compute, storage,...

How AI is bringing a new dimension to software testing

Software testing teams analyse and correct thousands of code on a daily basis to ensure the final product is free of errors. However, the on-demand customer expects software to be comprehensive in functionality and delivered with precision and speed. Current software testing procedures are not scalable to meet these needs, nor are they cost- or time-efficient in the digital economy.

As products become...

How SaaS, AI and machine learning are boosting sports broadcasting: A guide

The sports broadcasting industry has a problem. Fan bases are growing, as are viewing figures; but it is becoming harder and far more expensive for sports broadcasters and rights holders to manage, package and distribute their content. Obsolete methods of distribution that require expensive software and hardware packages, sold on fix term licenses, are hindering broadcasters from making back-end efficiencies that can ultimately lead to enhanced fan...

Don’t expect AI software companies to gobble up revenues SaaS-style, warns a16z

The potential of artificial intelligence (AI) revolutionising software is evident, from creating new data models to the improved insights gleamed from the data provided. If you’re a business intelligence (BI) vendor and you are not exploring AI or machine learning in some capacity, for instance, then there is a real danger of missing the boat.

But if you’re expecting AI software companies to...

A guide to computational storage: Boosting performance for SSD storage arrays

With the proliferation of IoT devices and 5G fast wireless appearing on the horizon, enterprises are moving towards edge-based infrastructure deployment. Computational storage is a new storage technology powering the storage and compute part of edge infrastructure. With computational storage, it will be possible for enterprises as well as telecom service providers to support a massive amount of data processing, mainly at edge nodes.

Ela Osterberger, Deliveroo: On inspiration, injustice, and building great data science teams

“I’m someone who always has to speak up if there is any injustice,” says Ela Osterberger, director of data science at Deliveroo. “As soon as I see something not being quite right, I have to speak about it.”

Being an experienced data science leader, with Omnicom and The Guardian among others before Deliveroo, means Osterberger has seen her fair share of it over the years....

Why businesses fail to maximise the value of data visualisation

Data visualisation has become one of the hottest tools in data-driven business management over the past few years. As business intelligence software becomes a more central part of companies’ toolkits and data practices, visualisations have improved while concurrently becoming more precise and versatile.

Even so, not every case of a business implementing BI software and data visualisation is a...

Databricks raises $400m in series F funding and tops $6bn valuation

Big data and analytics platform provider Databricks has announced a $400 million (£310m) series F funding round – putting the company at a more than $6 billion valuation.

The San Francisco-based firm, which helped create big data processing framework Apache Spark, only closed its series E round to the tune of $250m back in February, revealing significant growth. The company’s remit is...