Google cloud launched three new ML-based services that will provide real-time data insights to users. The three services: Datastream allows users to replicate databases in real-time. Analytics hub lets users curate, create, and manage analytics exchanges securely and in real-time. Dataplex is a combination of Google cloud and open-source that allows users’ analyze their data at scale. A survey by Gartner found the average cost of poor data quality at $12.8mn per year.
A Gartner report said that over 2/3 of early-stage investment decisions will be driven by AI and data analytics by 2025. The report said that investors, equipped with AI and data analytics, will be a common sight in the next 4-5 years. AI and data-driven models will help the investors in identifying the viability, strategy and potential result of the investment, based on the trends of past investments, revenue growth, market penetration, etc.
Tech Mahindra and ThoughtSpot, an AI-driven analytics firm have partnered to provide enterprises with AI-driven analytics to help them analyse data with ease. Tech M will integrate its Virtual Analyst platform with ThoughtSpot’s search and AI-driven analytics platform to drive multilevel data analysis to let firms gain real-time insights to make informed business decisions in marketing, supply chain, financial, etc to identify trends in customer behaviour.
Pooraan Jaiswal, CTO of Tribhovandas Bhimji Zaveri, as per media reports, has quit the jewellery brand. Jaiswal, who joined TBZ in 2018, was responsible for the improvement of all IT infrastructure and services for both enterprise and end-users. During his tenure, TBZ moved to the cloud and implemented RPA, data analytics and AR/VR to help the traditional business to navigate a digital route. Jaiswal, having 20 years of experience, also served Globus as CTO.
Big Data Analytics solutions’ spending to reach $22.6 bn in 2020, with a growth of 12% over 2019 in Asia Pacific region, said research firm IDC. It expects big data tech and service-related revenues to grow with a 5-year CAGR of 15.6% between the year 2019 and 24. 74% of enterprises intend to invest in BDA solutions at the same or higher level. Banking and telecom lead in BDA consumption, spending together over $ 6.1bn.
LG Electronics had acquired more than 50% stake in US-based TV data analysis startup Alphonso for $80 mn. It aims to boost its software and service capabilities in the TV business to offer enhanced and customised services particularly to its North American customers by utilising Alphonso’s data, TV ad analytics and AI capabilities. Alphonso had shipped 90% smart TVs through which users could enjoy video content with an internet connection.
Infosys and men’s professional tennis governing body ATP has renewed partnership for another three years. As ATPs Global Technology Services Partner and Digital Innovation Partner, Infosys will leverage AI, Data Analytics, and Cloud to develop and innovate a dedicated digital tennis platform to deliver quality experiences for players, media, and fans. Infosys had developed ATP’s critical digital assets and infra — PlayerZone, Stats Leaderboards, Second Screen, the ATP app etc.