Indonesian startup Delman raises $1.6 million to help companies clean up data
Delman, a Jakarta-based data management startup, has raised $1.6 million in seed funding. The round was led by Intudo Ventures, with participation from Prasetia Dwidharma Ventures and Qlue Performa Indonesia, and will be used to establish a research and development center and hire software engineers and data scientists. Delman was founded in 2018 by chief executive officer Surya Halim, chief product officer Raymond Christopher and chief technology officer Theo Budiyanto, who were classmates at the University of California, Berkeley.The Future of Fintech: AI & Blockchain
Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Citigroup, HSBC, and other Asian banks accelerate digital upgrades amid the pandemicRaisin moves into US market with Savings-as-a-Service softwareMonzo is close to a funding deal that will value it at $1.5 billion, a value reduction of nearly 40%Feeling overwhelmed by coronavirus info? These trackers can help.
If you're like me, the daily barrage of information about the progress of the coronavirus pandemic can be overwhelming. Between news stories, videos, and podcasts our senses are being overloaded with the latest updates on the respiratory disease. Add to the mix the long line-up of data visualizations, charts, and graphics, and it's enough to make you want to throw every infographic into the trash. And I'm not the only one. In an April Gallup poll, 36 percent of nearly 1,700 U.S.5 Ways Predictive Analytics Impact Distribution
From big businesses to smaller operations, predictive software and analytics tools provide immeasurable benefits. Through the ingestion and application of various data points, predictive tools can explain precisely what’s coming with unprecedented accuracy. They can also pour over massive troves of information to reveal hidden insights, potential opportunities and more. With predictive analysis being so useful, it’s no surprise that estimates place the global market value at $10.95 billion by 2022. Of course, the impact is slightly different from business to business.Scale AI releases free lidar dataset to power self-driving car development
High quality data is the fuel that powers AI algorithms. Without a continual flow of labeled data, bottlenecks can occur and the algorithm will slowly get worse and add risk to the system. It’s why labeled data is so critical for companies like Zoox, Cruise and Waymo, which use it to train machine learning models to develop and deploy autonomous vehicles. That need is what led to the creation of Scale AI, a startup that uses software and people to process and label image, lidar and map data for companies building machine learning algorithms.The Future of Fintech: AI & Blockchain
Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Raisin moves into US market with Savings-as-a-Service softwareMonzo is close to a funding deal that will value it at $1.5 billion, a value reduction of nearly 40%eToro hits 13 million global users thanks to its commission-free investing for stocksFounder Collective barrels forward, closing its fourth and newest fund with $85 million
Founder Collective, a seed-stage fund formed 11 years ago in Cambridge, Ma., has closed its newest fund with $85 million. Earlier today, we talked with the firm’s general partners — Eric Paley, David Frankel, Micah Rosenbloom — to learn more about it. Among our first questions: whether the three are themselves the largest investors in the new vehicle, as was the case with the firm’s third fund, which closed with $75 million in capital commitments four years ago.Master Data Becomes Incredible Differentiator For Countless Businesses
Forward-thinking companies realize that the use of master data sets them apart from the competition. Master data management or MDM enables companies to reconcile disparate data sources, helping them avoid duplication of efforts and making company-wide data analysis possible. (adsbygoogle = window.adsbygoogle || []).push({}); Master data services provide companies with new ways to organize their efforts. This differentiation can make companies more competitive in a crowded landscape.Coles shuffles data management into the cloud
It opens up the ability for the company's data science team to use machine learning and advanced analytics.Microsoft launches Azure Synapse Link to help enterprises get faster insights from their data
At its Build developer conference, Microsoft today announced Azure Synapse Link, a new enterprise service that allows businesses to analyze their data faster and more efficiently, using an approach that’s generally called ‘hybrid transaction/analytical processing’ (HTAP). That’s a mouthful, it essentially enables enterprises to use the same database system for analytical and transactional workloads on a single system. Traditionally, enterprises had to make some tradeoffs between either building a single system for both that was often highly over-provisioned or to maintain separate systems for transactional and analytics workloads.FOLLOW US:
