Above the Trend Line 2019

Posted: 3/1/2019

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“Above the Trend Line” – Your Industry Rumor Central for 2/18/2019

February 18, 2019 by  Leave a Comment 
 

Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz. Our intent is to provide you a one-stop source of late-breaking news to help you keep abreast of this fast-paced ecosystem. We’re working hard on your behalf with our extensive vendor network to give you all the latest happenings. Heard of something yourself? Tell us! Just e-mail me at: daniel@insidebigdata.com. Be sure to Tweet Above the Trend Line articles using the hashtag: #abovethetrendline.

This past week I reflected on the rising popularity of our “Industry Perspectives” channel and how we’re always inundated with new content. Our deep queue of submitted articles by execs from companies in the big data ecosystem keeps growing and growing. We’re quiet pleased they chose our electronic soap box to reach enterprise through leaders and technologists across the board. And a big shout out to our readers who faithfully arrive at our pages for the latest ideas that shape our field. Power to the data!

This week let’s start with some new funding news … Second Measure, a technology company that analyzes billions of everyday purchases to answer real-time questions about consumer behavior, announced it has closed $20 million in a Series A funding round. Co-led by Bessemer Venture Partners and Goldman Sachs, and joined by Citi Ventures, the funding will be used to support Second Measure’s continued product innovation, rapid growth, and expansion of its technical team. Second Measure has built a self-service platform that helps clients identify fast-growing companies, benchmark competitors, and better understand consumer behavior. The world’s best-known financial firms and corporate brands—from Greylock Partners and Neuberger Berman to Domino’s and Spotify—rely upon Second Measure to make faster and better decisions. Even media outlets as far-ranging as Bloomberg, CNBC, Recode, and Wall Street Journal trust Second Measure for the most up-to-date information that enriches their reporting and analysis. Examples of Second Measure research results can be found at Data Points. With this new round of financing, the company has received $25.5 million in total funding. Previous investors include Jefferies Financial Group, Norwest Venture Partners, Shasta Ventures, Foundation Capital, Y Combinator, and other top funds and angels … Peltarion, a leader in Operational AI, announced US$20 million series A financing led by Euclidean Capital alongside existing investor FAM and EQT Ventures. This latest round brings Peltarion’s total funding to US$ 34 million to date, including previous investment from FAM, the holding company privately owned by the three largest Wallenberg foundations, and EQT Ventures. Peltarion’s mission is to make AI technology useable and affordable for governments, not-profits and businesses alike. It believes that making AI operational will help to solve world problems – from food distribution to disease diagnostics – more quickly and at scale. The Peltarion Operational AI platform makes building and deploying AI products and services easier, faster and more affordable. Its API approach creates an enterprise-ready solution, lowering the bar of hard-to-find AI skills required to build AI products and services, while reducing the need for expensive infrastructure.

 

In M&A news we heard … Logi Analytics, Inc. (“Logi”) announced the acquisition of Jinfonet Software, a leading provider of embedded pixel-perfect operational reporting and the maker of JReport. This acquisition comes three months after Logi and Jinfonet tied for the #1 rating for embedded analytics by Dresner Advisory Services. The combination will create the richest suite of embedded analytics capabilities available in the market. Logi and Jinfonet share a unified vision to help application teams create smarter software for mission critical applications. Jinfonet offers industry-leading operational reporting capabilities while Logi offers advanced dashboards, self-service analysis and predictive analytics. This acquisition will consolidate two leading embedded analytics vendors under the Logi brand to offer customers the widest range of capabilities available today … Import.io, a leading Web Data Integration solution provider, announced that it has acquired Connotate, a leader in web data extraction for corporate enterprises, to further solidify its market leadership position in the emerging Web Data Integration category. Total spend on Web Data Integration is estimated to hit $5 billion in 2019, and this acquisition, combined with rapid organic expansion, will allow Import.io to scale and meet the fast growing enterprise demand for its solutions. Connotate brings new technology to Import.io, including eight patents. Import.io will consolidate this technology into a superset solution that will be available to all customers. With the addition of more than 70 enterprise-class customers including Dow Jones, Cox Automotive, Capital One Services and Moody’s Analytics Knowledge Services, Import.io’s customer base now exceeds 850 customers, including many of the largest companies in the world … Winshuttle, an STG portfolio company and a leading ERP-centric data management platform provider, announced today the merger of EnterWorks. EnterWorks is a leader in providing Product Information Management (PIM), Digital Asset Management (DAM), and Master Data Management (MDM) solutions that enable differentiated and tailored user experiences.

In people movement news, we learned … Accenture (NYSE: ACN) has appointed Dr. Athina Kanioura chief analytics officer and global lead of Accenture Applied Intelligence, effective immediately. Dr. Kanioura succeeds Narendra Mulani who will retire from the company. Dr. Kanioura joined Accenture in 2005. An accomplished innovator and data scientist, she was a founding member of Accenture’s analytics business where she ran sales & customer analytics globally and drove the company’s offering development around customer relationship management and personalization. As Accenture’s global data science lead for the past two years, she grew Accenture’s data science team to more than 3,000 strong. Most recently, she helped clients from the consumer goods, banking and telecommunications industry, where she is known for her deep relevance and impact. She holds a PhD in Macroeconomics and Econometrics from the University of Sheffield.

In the IP category we heard … Dstillery, a leading applied data science company serving the marketing & advertising industry, announced that it has been awarded a patent for “evaluating authenticity of geographic data associated with media requests.” The patent recognizes Dstillery’s exclusive ability to filter out inaccurate location data from mobile devices, ensuring that only high-accuracy location data is used in Dstillery’s audience building, actionable insights, and geospatial analysis tool, Audience Studio. The availability of location data derived from mobile devices has expanded marketers’ understanding of consumer behavior, while mobile advertising itself has reshaped the entire marketing landscape. Mobile ad inventory is more valuable when it comes with an attached location, incentivizing app developers to include lat/long data whenever possible. As a result, lat/long coordinates are often included with media even when accurate data is unavailable. Using this bad location data provides little value, resulting in imprecise targeting and erroneous insights for the advertiser.

In new partnerships, alignments and collaborations we have … Dublin Business School (DBS), Ireland’s largest independent college, has partnered with leading data science training provider Metis on the college’s first internationally delivered live online course, a machine learning module taught live in Dublin by Metis’s New York City data science experts. Part of Dublin Business School’s new Master of Science Degree in Data Analytics, the 12-week Machine Learning module was custom built by Metis data science experts to teach students how to use machine learning techniques and skillsets to achieve business goals. One of the first of its kind in Ireland, the master’s degree program is accredited by Quality and Qualifications Ireland, the national agency responsible for qualifications and quality assurance in higher education. Metis, which was launched in 2014 by Kaplan, Inc. in the United States, is accredited by the Accrediting Council for Continuing Education and Training, an agency recognized by the US Department of Education. All Metis bootcamp and corporate training programs are designed and taught by expert data science practitioners, and Metis alumni in the US have gone on to work at top companies including Instagram, IBM, Spotify, Tumblr, Facebook, BuzzFeed, Deloitte, Apple, Tinder, CapitalOne, Uber, and many more.

 

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