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Atlassian claims it’s a step closer to achieving ‘nirvana’ with its data lake

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Atlassian has swapped its two data warehouses for a single S3 data lake architecture.

Senators launch bipartisan Financial Innovation Caucus to create legislation for the blockchain era

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Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., U.S., November 9, 2020. Stefani Reynolds/Pool via REUTERS Senators Kyrsten Sinema and Cynthia Lummis announced the formation of the Financial Innovation Caucus on Tuesday. The caucus will create legislation for the blockchain era and highlight responsible innovation in the financial system. Senator Lummis told CNBC bitcoin is "a very freedom friendly type of currency" that "provides great opportunity around the world." Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Databricks introduces Delta Sharing, an open source tool for sharing data

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Databricks launched its fifth open source project today, a new tool called Delta Sharing designed to be a vendor neutral way to share data with any cloud infrastructure or SaaS product, so long as you have the appropriate connector. It’s part of the broader Databricks open source Delta Lake project. As CEO Ali Ghodsi points out, data is exploding and moving data from Point A to Point B is an increasingly difficult problem to solve with proprietary tooling.

Google Cloud intros trio of new services aimed at helping enterprises unify data

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The company said its new data cloud technologies provide an intelligent fabric across data lakes, data warehouses, and databases.

Airbyte announces $26M Series A for open source data connector platform

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One of the major issues facing companies these days isn’t finding relevant data, so much as moving it to where it’s needed. Enter Airbyte, an early stage startup that is building an open source data integration platform to help solve that problem. Today the company announced a $26 million Series A, just a couple of months after announcing its $5.2 million seed round.

10+ users can lead to washout: Data lakes struggle with SQL concurrency, says Gartner

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We're working on it, Spark backer Databricks declares Data lakes are struggling to support more than 10 users when they try to perform the SQL queries that were once seen as only fitting for data warehouse technologies, according to Gartner.…

5 Sure-Fire Tips How AI Is Going to Improve Fintech in 2021

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AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Artificial intelligence (AI) and machine learning (ML) are two technologies that use digital technology to improve conventional financial services and solutions. Because of their exceptional ability to enable efficient processes, better financial analysis, and customer interaction, AI and ML are becoming Fintech trends.

Data Analytics Assures Quality Assurance with Software Development Outsourcing

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The software development industry is growing at a healthy pace. It is estimated to be worth $429.6 billion this year. That figure is projected to grow over 11% a year and will be worth over $911 billion in 2028. A lot of different factors are contributing to the changes that are being observed in the software development market. New advances in data analytics and a wealth of outsourcing opportunities have contributed.

European Parliament amps up pressure on EU-US data flows and GDPR enforcement

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European Union lawmakers are facing further pressure to step in and do something about lackadaisical enforcement of the bloc’s flagship data protection regime after the European Parliament voted yesterday to back a call urging the Commission to start an infringement proceeding against Ireland’s Data Protection Commission (DPC) for not “properly enforcing” the regulation. The Commission and the DPC have been contacted for comment on the parliament’s call.

How Data Analytics Improves Customer Journeys Behind the Scenes

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Big data has been highly important to modern organizations. Companies have started using data analytics to better reach their customers and improve their conversions. Online companies in particular have become highly dependent on big data to grow their customer bases. Before data analytics was widely used, nearly every decision a business manager would make was essentially the result of guesswork. People couldn’t really see into the future and appropriately predict the outcomes of any particular course of action, so they largely took educated guesses and saw what stuck.
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