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  • What is important to know about the ELT and ETL processes?

    What is important to know about the ELT and ETL processes?

    Nowadays, it is common for companies to use ELT and ETL processes in working with Big Data. This allows running documentation from the different sources of information used in the data lake and data warehouse. 

    Moreover, ELT and ETL processes are quite affordable for every interested company or institution. So, as you may have already guessed, we are going to discuss ETL data modeling practices today. We believe that this will have a positive impact on your business growth.

    First of all, you need to know the differences and similarities between ETL and ELT. What’s more, it is recommended to understand the most used words on this topic, like data lakes and data warehouses. Let’s start! 

    How do ELT and ETL processes work? 

    The ELT (extract, load, transform) is the process in which the data is modified after having been transferred to the receiving database, without making any changes. The first stage of this operation is to extract the data. The maneuver of loading the data to the database it receives is the intermediate stage where the ELT admits that the target system executes the respective transformations.

    For this reason, we recommend you apply ELT and ETL processes while working with large amounts of data. In addition, unstructured data, the source, and the target database use the same technology when the amount of converted data is massive. 

    The transformations made on the data are improved by the database that receives them. Usually, it can be NoSQL databases or Hadoop clusters. As we can see, in the ETL process, the data circulates from the origin to its final destination. So, the whole responsibility for the success lies in the ETL and the chosen database technology. 

    What is more, ELT and ETL processes are responsible for:

    • mobilizing large amounts of data;
    • integrating them;
    • introducing them into a common site. 

    What are the main differences between ETL and ELT?

    ETL and ELT are very similar. Yet, the most obvious difference is in the order in which the ETL and ELT processes in Big data execute the various required operations. These methods are best handled in different situations.

    So, here are to your attention some of the most crucial differences between ETL and ELT:  

    1. ETL is the process of extracting, transforming, and loading data. 
    1. ELT is the process of extracting, loading, and transforming data. 
    1. Within ETL, data is moved from a data source to an intermediate data store. 
    1. ELT uses a data warehouse to perform basic transformations. There is no need for data staging. 
    1. ETL can help ensure privacy and compliance by cleaning sensitive and secure data before it is loaded into the data warehouse.
    1. ETL can perform complex data transformations and can be more cost-effective than ELT. 

    The difference between ETL and ELT can be explained quite easily. However, realizing the whole picture and the cool benefits of ETL over ELT requires some time. Plus, a deeper understanding of how ETL works with data warehouses and how ELT works with data lakes is also necessary.

    The result of using both ETL and ELT 

    Organizations, companies, and institutions always need to make the most of the advantages of these two computer methodologies. They use ELT and ETL processes in Big Data, where ELT is responsible for quick introductions of unstructured data. As for ETL, it is helpful to make them more flexible and secure. 

    For this reason, the vision has expanded towards ETLT, which executes the following steps that you need to know:

    • Extraction. Data from the different sources are collected and transferred to the development area for preparation.
    • Loading. At this stage, data is uploaded to the Data Warehouses.
    • Transformation. It is the last stage, but not the least. It is where operations are executed to transform and integrate data from various sources.

    This result of the operations carried out on the existing data. It allows adjusting the times and technologies used to improve the amount of work. Therefore, the first group of changes is faster and more effective in providing the data with the necessary preparation and greater security.

    Can the ETLT bring any benefits to the ETL and ELT processes?

    The ETLT in Big Data provides us with the advantages of both – ETL and ELT processes. In this way, it manages to lighten the introduction of data. At the same time, the ETLT provides the security and quality required in modern companies, organizations, and institutions that use such technologies.

    ETLT processes are commonly used when it is necessary to filter, anonymize or mask data for regulatory reasons, before capturing it in the data warehouse.

    How to choose the best solution 

    As we have already mentioned, the ELT and ETL process in Big Data have become fundamental and essential for numerous organizations. The ETL can brag about many years of popularity. As well, it has a sufficiently high maturity and flexibility. This is really impressive, as it was not designed to work correctly with structured data and relational databases.

    As for ELT, it was created to execute activities with NoSQL solutions. For this reason, the difficulty of the operations it performs is less. Still, the size of the data it can process is greater than those processed by ETL.

    In this order of ideas in the execution of the two processes, it is possible to observe the accuracy, in terms of the type and structure of the data in the ETL processes. This hinders future transformations. At the same time, in ELT processes it is normal to make movements of unstructured and structured data with equal procedures.

    In summary, the data lake is unlimited, but you should have deep knowledge and comprehensive documentation about the ETL and ELT processes. This will help you achieve the required transformations and maximum quality for the use of the stored data. 

    Luckily, you can choose an option to work with professional IT services, like Visual Flow, to save your time and energy. This way, your team, and customers will get a better experience with data analytics. Moreover, obtaining a data warehouse is a reasonable investment that can raise your profits.

  • Twitter Ad Engineers Get the Axe

    Twitter Ad Engineers Get the Axe

    Twitter ad engineers are the latest to be laid off, an odd choice given Elon Musk’s determination to improve ad revenue.

    Twitter has engaged in a number of layoffs since Musk bought the company, as the new CEO has worked to slash costs in the interest of profitability. One of the major challenges the company has faced is the loss of advertisers over some of Musk’s more controversial decisions.

    Given Musk’s need to gain and keep new advertisers, one would think that ad engineers would be the one jobs safe from layoffs. Unfortunately, according to The Information, that is not the case, with some 40 ad engineers and data scientists being laid off.

    The layoffs targeted areas that Twitter’s leadership considers to be failing, such as the ads product, and unimportant, such as data science, the person said. Twitter’s ad revenue has reportedly plunged in recent months, as advertisers respond to Elon Musk’s loosening of rules around content moderation and the general chaos as Musk shakes up the company.

  • Toyota Leaves Access Key on GitHub Exposing Customer Data

    Toyota Leaves Access Key on GitHub Exposing Customer Data

    Toyota is the latest company to experience a major security breach, leaving an important access key on GitHub for five years.

    According to BleepingComputer, source code for Toyota’s T-Connect software was left online for roughly five years. T-Connect allows users to connect their smartphone with their cars. The feature integrates phone calls, navigation, notifications, music, and vehicles status information.

    Unfortunately, the source code also contained an access key to the server storing customer data, including both email addresses and management numbers. Fortunately, Toyota says customer names, phone numbers, and credit card information were not stored in the same database and remain secure.

    The company also claims there is no evidence anyone accessed the data that was stored in the compromised server, but cannot be sure.

    “As a result of an investigation by security experts, although we cannot confirm access by a third party based on the access history of the data server where the customer’s email address and customer management number are stored, at the same time, we cannot completely deny it,” explains the company, machine translated by BleepingComputer.

  • SAS Viya Analytics Platform Comes to Microsoft Azure

    SAS Viya Analytics Platform Comes to Microsoft Azure

    SAS is bringing its SAS Viya analytics platform to Microsoft Azure, building on the partnership the two companies began in 2020.

    SAS Viya is a powerful analytics platform but was previously not available as a cloud-based, pay-as-you-go service. The announcement from SAS is a significant departure for the company, which has a long history that is firmly entrenched in the enterprise as it expands its cloud-based offerings.

    “Our commitment to cloud and AI innovation is critical to our customers’ success – whether they are building simple reports or developing advanced AI solutions to answer critical business questions,” said Bryan Harris, Executive Vice President and Chief Technology Officer at SAS. “Making SAS Viya available to entire analytics organizations is our goal, regardless of skill level, team or preferred programming language. We want Viya to be the foundation of our customers’ innovation stories.”

    SAS customers will be able to leverage the power of the company’s analytics innovations with SAS Viya on Microsoft Azure, including SAS Visual Analytics, SAS Visual Statistics, SAS Visual Data Mining and Machine Learning, and SAS Model Manager.

    “We’re excited to offer customers a new way to gain access to SAS Viya while continuing to provide all the powerful capabilities our users already know and love,” SAS CEO Jim Goodnight said. “We’ve spent decades building the most comprehensive suite of analytics on the market, with next-generation AI that addresses the complete analytics life cycle. We design and test our software to be the fastest and most productive. And now we’re making it all available with a few clicks in the Microsoft Azure Marketplace.”

    Analysts believe the move is a major win for SAS and its customers.

    “In this strategic move, SAS makes access to its analytics easier,” said Dan Vesset, Group Vice President, Analytics and Information Management at IDC. “SAS Viya is one of the most comprehensive analytics platforms on the market today. Presenting users with the complete analytics life cycle – from data to a deployed and managed model – available for immediate use and deployment via the Microsoft Azure Marketplace, is key. And offering it with built-in support and training is expected to bring significant productivity benefits to analytics, IT and business groups around the world.”

    Customers can try SAS Viya on Microsoft Azure here.

  • Uber Says No ‘Sensitive User Data’ Accessed in Breach

    Uber Says No ‘Sensitive User Data’ Accessed in Breach

    In the wake of reports its systems were breached, Uber is reassuring users no “sensitive user data” was accessed.

    Uber acknowledged Thursday it was investigating reports of a data breach after a hacker posted a message on the company’s Slack channel saying they had hacked the company. Screenshots of the breach were shared on Twitter:

    The company now says no “sensitive user data” was accessed and that its systems are coming back online:

    While our investigation and response efforts are ongoing, here is a further update on yesterday’s incident:

    – We have no evidence that the incident involved access to sensitive user data (like trip history).

    – All of our services including Uber, Uber Eats, Uber Freight, and the Uber Driver app are operational.

    – As we shared yesterday, we have notified law enforcement.

    – Internal software tools that we took down as a precaution yesterday are coming back online this morning.

  • Why is Data Analytics in Healthcare so Important?

    Why is Data Analytics in Healthcare so Important?

    The healthcare system is constantly faced with the challenges of effectively using large amounts of data. Medical companies are facing security issues and the risk of data breach. Therefore, one way out is to set up the medical data analysis software.

    Medical data analysis — what is it?

    Information about each patient and the population of the entire country helps not only to extend the life of a person and improve its quality, but also to improve the results of treatment through improved procedures, reducing the volume of medical waste.

    Medical analytics has the capacity for reducing the cost of treatment, predicting outbreaks of epidemics, early screening of certain diseases, improving the quality of life in general, and introducing modern methods of treatment into practice. Medical staff are collecting huge amounts of data today, and they need the tools to use these numbers.

    How important is the analysis of medical data?

    Methods and application of machine learning make it possible to analyze huge amounts of information about the immune status of a particular person.

    Using the data you can:

    • plan medical care for people and predict the course of diseases;
    • identify and implement the most effective measures decreasing the number of hospital readmissions;
    • reduce the risk of blood poisoning and kidney failure, intervene at an early stage avoiding negative consequences;
    • optimize outcome management and costs of medicines;
    • develop tools to improve the quality of patient care.

    Personalized medicine is focused on treatment decisions based on all information about the patient. To do this, more and more data will need to be processed in the future. For example, each person’s “genetic blueprint”, DNA, will need to be checked for genetic changes.

    Benefits of data analytics in medicine

    Technological development makes it possible to process small and large amounts of data, to study rare diseases. This is the exclusivity and originality of data analysis.

    The development of the necessary technologies helps to implement the results of analyses in the work of a particular doctor and patient. The doctor receives a computer program where the data of his patients are collected. He can see on the monitor the values ​​of medical indicators of patients from his past practice, which are closest to indicators of his new patient being studied at the moment. It allows identifying similar cases and optimizing the treatment regimen.

    Analyzing information about how a patient adheres to the doctor’s instructions after discharge from the hospital will help the medical institution to predict the hospital readmission within several months and take appropriate measures.

    The study of the patient’s condition data can improve his treatment

    Data science plays a key role in monitoring patient health and informing physicians of options to prevent potential problems. Specialists use powerful predictive tools for early detection of chronic and systemic diseases.

    Data processing algorithms also help to model exactly how medicines will act on the human body. It allows companies to reduce laboratory experiments, costs, and develop innovative medicines for the treatment of serious diseases.

    It is important to take into account the specific challenges in the healthcare system as it involves the collection and analysis of sensitive patient data. It is also very important to understand that the value of digital infrastructures is in the intelligent, controlled use of data for the benefit of the individual and society in general.

  • How Can You Protect Your Business Information?

    How Can You Protect Your Business Information?

    Every legal business will have to leave an electronic or paper trail of corporate filings, business licenses, tax records, financial statements, lawsuits, complaints as well as a variety of other documents. This means that anyone who wants to research a company, either for competitive reasons, random curiosity, or out of interest in doing business with it– can find a great deal of information online or in hard-copy files at local, state, and federal government offices.

    In California, for instance, when entrepreneurs submit documents for filing with the California Secretary of State, they are automatically creating a public record. Accordingly, all of the documentation and information that is provided for filing is therefore made available to the general public for copying and viewing. Internet search engines and third-party websites will also be able to access and use the information as they wish. Details such as the name of the person filing as well as any mailing and street addresses, phone numbers, or email addresses that are provided in public filings, will be made available.

    The California Constitution, as well as the California Public Records Act mandate that the Secretary of State provides public access to its records for public viewing and copying. The Golden State has advised that “Corporations and limited liability companies can update address information on the Secretary of State’s records by filing a Statement of Information. For other types of filings, updated address information for filings with the Secretary of State can be submitted through a subsequent amendment or amended filing.”

    How to Protect Personal Information When Starting a Business

    A California registered agent, also referred to as an agent for service of process, is a federal law requirement for every formal business entity in the state of California. This individual or business entity will receive all official paperwork from the California Secretary of State. They will also receive any service of process that a business may be served with— in the instance of a legal dispute.

    Many business owners, especially single-member LLCs, tend to choose to act as their own registered agents. While this is legally allowed, entrepreneurs put themselves at risk of having all of their private information– home address, personal contact details– made public on the California Business Entities Search. A way around this is by hiring a registered agent who will accept legal correspondence on behalf of the company, hence protecting the location of the owner’s home or private business. 

    Benefits of a Registered Agents Service

    Apart from just superior privacy, a California registered agent service also provides business owners with flexibility since registered agents are required to be available every working day of the year, at all normal business hours. Outsourcing the service allows entrepreneurs to be more flexible in the hours and locations that they work. 

    They also allow for discretion in sensitive matters since receiving service of process for a lawsuit at the actual business premises should not happen in front of employees and clients. Registered agents help to avoid this issue since they will receive any service of process and other documents at their personal office; they can then discreetly have them delivered via mail or online.

    Registered agents are required to be a resident or have permission to operate in a state, which can be an issue when a company looks to expand its operations to other states. Since most registered agent services have permission to operate in all 50 states across the United States, entrepreneurs will not have to go through the hassle of the additional paperwork and procedures when expanding.

    It is vital that businesses remember to file their required paperwork timeously to avoid fines and keep the company in good standing with the state– which is important in maintaining the limited liability protection of the business. A registered agent service will help the business with the filing of important paperwork and will maintain a compliance calendar and remind the business when annual reports or any other filings are due.

    Final Thoughts

    Privacy is an important aspect to keep in mind when starting up a new business, especially for entrepreneurs that run their business from a private residence or office space. While most states make the businesses filing information public, owners are able to protect their personal information by using a registered agent service that will handle all of the correspondence on behalf of the business.

  • Google Cloud Announces Public Preview of BigQuery Native JSON

    Google Cloud Announces Public Preview of BigQuery Native JSON

    Google Cloud announced a public preview of their BigQuery Native JSON data type, bringing support for semi-structured data in BigQuery.

    JSON is a popular format for storing data, since it doesn’t require a structured scheme like a traditional database. This allows for storing, managing, and querying semi-structured data, an ideal option for cloud applications.

    Google announced the public preview via Twitter.

    Google Cloud customers are already looking forward to the ways this new feature will help them analyze data and gain insights.

    “Agility is key to our business. We believe Native JSON functionality will enable us to handle changes in data models more quickly and shorten the lead time to pull insights from our data,” says Ryoji Hasegawa, Data Engineer, DeNA Co Ltd.

    Customers interested in signing up for the public preview can do so here.

  • Big Data Analytics Market to Top $100 Billion by 2027

    Big Data Analytics Market to Top $100 Billion by 2027

    Big data analytics is expected to grow to more than $100 billion by 2027 as companies become more reliant on data.

    Big data has become big business, with companies of all sizes relying on the data they collect to tailor their services and gain a competitive advantage. As large as the industry has become, it’s poised to become much larger.

    According to the latest data from Statista, big data analytics will top $100 billion by 2027, coming in at an estimated $103 billion.

    The global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. With a share of 45 percent, the software segment would become the large big data market segment by 2027.

  • Google Cloud Unveils New Tools to Unify Data

    Google Cloud Unveils New Tools to Unify Data

    Google Cloud has unveiled its latest innovations, aimed at helping companies unify database, analytics and AI.

    Google Cloud is the third leading cloud provider, behind AWS and Microsoft Azure. The company is particularly viewed as a good option for machine learning development, and has strong support for open source software.

    The company’s latest tools will go a long way toward improving its stand even further, with Dataplex, Datastream and Analytics Hub.

    Dataplex is designed to “centrally manage, monitor and govern your data across data lakes, data warehouses and data marts, and make this data securely accessible to a variety of analytics and data science tools.”

    Datastream, currently available in preview, helps “move and synchronize data between heterogeneous databases, storage and applications reliably to support real-time analytics, database replication and event-driven architectures with Datastream, our serverless change data capture (CDC) and replication service.”

    Analytics Hub is designed to make it easy to “access and share valuable datasets and analytics assets (think BigQuery ML models, Looker Blocks, data quality recipes, etc.) across any organizational boundary.” Those interested will need to sign up for preview access.

    The company’s latest tools should go a long way toward helping its customers make the most of their data, as well as AI applications.

  • Broadcom In Negotiations to Buy SAS Institute

    Broadcom In Negotiations to Buy SAS Institute

    Semiconductor company Broadcom is reportedly in talks to purchase SAS Institute, in a deal worth $15 to $20 billion.

    Broadcom manufactures semiconductors that are used in networking equipment and the wireless industry. The company has been looking to expand beyond equipment manufacturing, trying to break into the more lucrative software market.

    According to The Wall Street Journal, knowledgeable sources have confirmed Broadcom is in talks to purchase SAS for $15 to $20 billion. The deal could be finalized in a matter of weeks, as long as the talks don’t break down.

    SAS is the world’s biggest privately held software company, with its analytics software used by companies around the world. Purchasing SAS would immediately catapult Broadcom, turning it into a major player in the software industry.

  • HPE Buys Ampool to Improve SQL-Based Hybrid Analytics

    HPE Buys Ampool to Improve SQL-Based Hybrid Analytics

    Hewlett-Packard Enterprise (HPE) has announced its acquisition of Ampool, in an effort to modernize the SQL stack.

    SQL is still one of the most widely-used database workload. With the increased adoption of cloud computing, however, SQL does have limitations. Ampool is the developer of a distributed SQL engine based on the open source Presto.

    HPE plans to use Ampool’s engine to accelerate “HPE Ezmeral analytics runtime for interactive SQL workloads.” This will help HPE better address customer needs, especially in data-intensive scenarios, such as AI, machine learning and analytics.

    “The acquisition builds on this strategy by adding Ampool’s technology components and open source expertise to the Ezmeral portfolio, which will over time turn into a set of SQL acceleration services made available through the HPE GreenLake cloud platform,” writes Anant Chintamaneni, Vice President and GM, HPTE Ezmeral. “This acquisition is also further evidence of HPE’s investment, focus and execution toward building out an open-source-based, IP rich capability for the HPE Ezmeral software portfolio, to deliver superior end to end analytics in fast growth markets.”

  • On-Demand Webcast: Your Guide to Moving Tax Processes to the Cloud

    On-Demand Webcast: Your Guide to Moving Tax Processes to the Cloud

    Watch this webcast to learn more about migrating your tax processes to the cloud. It is now possible to accelerate your indirect tax processes with cloud technology. By utilizing tax technology you can address critical infrastructure changes, provide faster and more reliable access for remote users, increase scalability, and reduce costs.

    Implementation of a new tax technology throughout your business can make it easier to scale for growth, as well as integrate with your ERP, point of sale (POS), and subscription billing service. According to a survey conducted by CIO.com, 78% of IT professionals expect digital transformation to greatly impact their organization within a year. How are you going to change your business?

    In this on-demand webcast, Heather Ingram, cloud practice leader from Vertex Consulting, and Vince Morasco, cloud manager from Vertex Product Management, will walk you through multiple areas to consider before, during, and after the migration.

    Sponsored by Vertex

  • IBM Brings Anaconda to Linux on IBM Z & LinuxONE

    IBM Brings Anaconda to Linux on IBM Z & LinuxONE

    IBM has announced it is bringing Python data science platform Anaconda to Linux on IBM Z & LinuxONE.

    Anaconda is the leading Python data science platform, with some 25 million users relying on the platform for machine learning, data science, predictive analytics and more.

    IBM is bringing Anaconda to IBM Z and LinuxONE, making it easy for programmers and data scientist to build and run their AI and analytics apps where their data already resides. According to research commissioned by IBM, 90% of respondents cited this as an important factor.

    Barry Baker, VP of Product Management for IBM Z & LinuxONE, made the announcement in a blog post.

    Data scientists who already know and love Anaconda can now expand their open-source data science experience to include IBM Z & LinuxONE, while continuing to work with their favorite tools and frameworks like conda, XGBoost and SciKit-Learn. This expands and enables choice in AI frameworks and tooling for end-to-end data science directly on the platform, including development, training, testing and production. Data scientists can benefit from the security capabilities, high availability and scalability of the IBM Z & LinuxONE platforms when implementing AI deployments targeting time-sensitive workloads or transactions when they are taking place. Anaconda runs natively on Linux on IBM Z, and through z/OS Container Extensions (zCX) on z/OS, the solution brings open-source data science tools close to key workloads, leveraging the data gravity of the Z and LinuxONE platforms.

  • Workday CEO: Digital Transformation To Be Faster Trend Out Of Pandemic

    Workday CEO: Digital Transformation To Be Faster Trend Out Of Pandemic

    “Digital transformation will come out as a faster trend out of the pandemic,” says Workday co-CEO Aneel Bhusri. “What’s been interesting about the pandemic is that for companies that were in the cloud they figured out how to how to thrive and adjust to the new world. Companies that weren’t in the cloud realized that they needed the flexibility, agility, and ability to plan instantaneously. They needed those capabilities.”

    Aneel Bhusri, co-CEO of Workday, discusses how the pandemic will drive digital transformation forward at an even faster pace:

    Digital Transformation To Be Faster Trend Out Of Pandemic

    The first three quarters during the pandemic were challenging. The vagaries of subscription accounting models are such that it is a lag indicator. We expect new bookings growth to accelerate this year and that is our primary indicator and the way we run the business. We’re very excited about where we’re headed. That acceleration will probably take at least a year to show up in subscription accounting numbers just because of the way the model works. 

    What’s been interesting about the pandemic is that for companies that were in the cloud they figured out how to how to thrive and adjust to the new world. Companies that weren’t in the cloud realized that they needed the flexibility, agility, and ability to plan instantaneously. They needed those capabilities. In many ways, companies like Nike that are just such great market-leading companies, recognize that they needed to move this capability to the cloud. So I think actually digital transformation will come out as a faster trend out of the pandemic. 

    Employee Engagement Rose To The Top Of The List

    It comes back to the flexibility and agility that that cloud solutions like Workday provide. We’ve been very fortunate. We’re so happy to have Laboratory Corporation of America become a customer. J&J is a customer. Visor’s a customer. AstraZeneca is a customer. I just feel honored to be able to support these companies who are doing the best they can to save our lives and are just doing amazing work with the vaccines and testing. We’ve always had a strength in the pharmaceuticals and diagnostics role. We’re going to do everything we can to make sure that they’re successful because they’re taking care of all of us.

    Coming back to what we learned during the pandemic, employee engagement just rose to the top of every CEO’s list and every head of HR’s list. In a remote work orientation, it was harder to really understand how do employees think about the company they work at, their engagement level, their comfort with their manager, and if they are feeling fulfilled at work. We were already down the path at Workday with something called Pulse Surveys. We recognized that this emerging trend was going to be critical going forward. 

    We Fell In Love With Peakon So We Acquired Them

    We concluded that we had to get in this market now, the market’s happening now, and Peakon is the well-known leader in this category. Peakon is a UK-based company with an amazing management team. We fell in love with the product and the management team so we made them part of Workday. They’re one of the new generations of companies that’s machine learning first.

    They really use machine learning in the right way to guide decisions and really give you insight into how employees are thinking about the company that they’re working for and how engaged are they. That is a supercritical set of information that’s going to drive companies going forward.

    Digital Transformation To Be Faster Trend Out Of Pandemic, Says Worday co-CEO Aneel Bhusri
  • IBM May Want to Sell IBM Watson Health

    IBM May Want to Sell IBM Watson Health

    IBM is investigating the possibility of selling IBM Watson Health, its attempt to use artificial intelligence (AI) in the medical field.

    IBM is moving swiftly toward its goal of splitting the company and focusing the core business on cloud computing. As a result, IBM has purchased a number of smaller startups aligned with that goal. Its latest move, however, appears to be an effort to trim dead weight, or a portion of the business that doesn’t line up with its long-term plans.

    IBM had high hopes for IBM Watson Health and the promise of AI revolutionizing the medical profession. The company invested billions building out the solution, but it has ultimately proved a cautionary tale for companies investing in AI. Despite all of IBM’s efforts, the company had difficulty getting doctors and medical professionals to adopt it.

    According to insiders who spoke with The Wall Street Journal, IBM is looking to sell the business to an industry player, private-equity firm or merge it with a blank-check company. The common theme is deep pockets.

    IBM Watson Health clearly has potential, but it may have been a good idea before its time. It may take deep pockets to keep it going until the medical community warms to the idea of AI managing its data.

  • ServiceNow CEO on “The Whole Point Of Digital Transformation”

    ServiceNow CEO on “The Whole Point Of Digital Transformation”

    “Business is really simple, and people are more productive, and they’re doing things that can lead to growth and opportunity,” says ServiceNow CEO Bill McDermott. “That’s the whole point of digital transformation. Right now, companies are hunkered down with systems that are absolutely wearing them out. It’s time to make the bold move, pivot to ServiceNow, and let’s get in there and fix the job.”

    Bill McDermott, CEO, and President of ServiceNow says that only one in four digital transformation projects actually deliver positive ROI due to lack of integration:

    Most Digital Transformation Projects Don’t Deliver

    We have a situation on our hands where digital transformation, cloud computing, and business model innovation, are all converging at once. ServiceNow is the platform, of all the enterprise platforms, that really makes business work. One of the big lessons that business has right now is trillions have been poured into digital transformation yet only one in four projects actually deliver positive ROI. The reason for that is lack of integration.

    Our system integrates with all the existing systems as well as all the collaborative tools in the enterprise. From day one, the customer gets it up and running swiftly because it’s in the cloud. They begin to derive value from it because you automate the way the work is done and ultimately, you’re now in a position to serve your customers the way they want to be served. It’s a speed game and ServiceNow is at the top of its game.

    Companies Have To Create New Business Models

    We’re an example. If you’re going to grow your company you’re going to take advantage of digital transformation. This is the only way out and it’s the only way forward. In the 20th Century companies put in big heavy on-premise systems. The issue is now they can’t, in a frictionless economy, immediately pivot those business models because they haven’t digitally transformed their business.

    About 25 percent of the opportunity of businesses out there today over the next three years will come from white space places they are not in today. They have to create new business models. They have to think about new partnerships and new routes to market. Without the baseline of a platform like ServiceNow they’re not going to get there. 

    That’s The Whole Point Of Digital Transformation

    I am very optimistic that the economies of the world not only are going to recover but actually going to do very well this year because people are going to be investing in digital transformation. We have seen that does not cost jobs. On the contrary, it frees people up to do things like go after new markets, derive new ideas, and so forth, because the AI revolution is also on.

    We have built-in machine learning and AI into our platform. So 80 percent of the soul-crushing work people don’t want to do is done by the Now platform. The 20 percent that involves a human immediately gets initiated through a workflow order from the Now platform. 

    Business is really simple, and people are more productive and they’re doing things that can lead to growth and opportunity. That’s the whole point of digital transformation. Right now, companies are hunkered down with systems that are absolutely wearing them out. It’s time to make the bold move, pivot to ServiceNow, and let’s get in there and fix the job.

    Fastest-Growing Pure-Play SASS Silicon Valley Company

    If you look at our actual earnings results, they were stunning and obviously achieved beyond expectations performance across the board. We also followed that through in the guide. We’ll continue to be the fastest-growing pure-play SASS Silicon Valley company. We will continue to have the best margin profile of all of them. Obviously, we’re going to continue to gain market share in industries around the world, in geographies around the world, particularly in Europe and Asia Pacific, and Japan. 

    We will also gain market share on personas. Lots of people are getting the memo now that ServiceNow obviously dominated the IT automation market but the same backbone platform has enabled us to change the employee experience, the customer experience. In these tough times with COVID we can write low-code onto our platform in minutes and roll out new applications to hundreds of thousands of people so companies can move super fast.

    We keep the guide consistent with the revenue that we generated in 2020. If there’s an upside to that… fantastic. That’s what good companies should do. They should go beyond expectations when they can but we stand by the guide and we’re looking forward to having a great year. 

    ServiceNow Was Born In The Cloud

    The whole idea of ServiceNow is so different than SAP which was a company that needed to pivot to the cloud in 2010. We did that and that was very successful. ServiceNow was born in the cloud. It’s a very young company with tremendous growth opportunity on the organic front. Having said that, (we would be in interested in an acquisition) if you have a situation where there is a partner out there that has a substantial TAM, that can be highly complementary and synergistic with ServiceNow on the revenue side. 

    It also would have to do great things for the customer, because we have a precious platform and we jealously protect the integration power of that platform. A lot of things would have to be right but I can tell you as responsible business people we always look at it. We don’t need it to make our goals but you always have to look at it. We do want to be the defining enterprise software company the 21st century. That’s our plan.

  • 5G Auction Blows Past $76 Billion, Shattering Estimates

    5G Auction Blows Past $76 Billion, Shattering Estimates

    The auction for 5G spectrum in the US has shattered estimates, passing $76 billion as of Monday.

    The Federal Communications Commission (FCC) is holding the auction for mid-band spectrum. The spectrum is especially valuable for wireless companies, as it is seen as the sweet spot for 5G. While low-band offers excellent range and building penetration, its speed is only marginally better than 4G LTE. High-band, also known as mmWave, offers speeds in the gigabits, but is limited by extremely short range and poor penetration. Mid-band spectrum offers speeds in excess of 1 Gbps, while still providing reasonable range and penetration.

    Verizon and AT&T are especially in need of mid-band spectrum, as neither company has the enough to bridge the gap between their low and high-band 5G networks. T-Mobile, in contrast, inherited a wealth of mid-band as a result of their merger with Sprint, making the company the one to beat in the 5G market.

    As Bloomberg points out, analysts had predicted the auction could go as high as $47 billion, a figure that is now in the distant rear-view. Verizon has been the biggest bidder so far, and will likely continue to dominate the auction. The company cannot afford to walk away without massive gains if it expects to remain competitive.

    AT&T’s need is just as dire, but the company doesn’t have the resources to spend as heavily as Verizon. Some experts believe AT&T’s recent efforts to sell DirecTV may be to raise the necessary money to purchase a meaningful share of 5G spectrum.

    While T-Mobile is the company that is currently the most spectrum rich, it may want to bolster its holdings even more, especially in cities and heavily populated areas where networks can become bogged down more easily. The company also has an interest in bidding to help drive the price up, ensuring Verizon and AT&T don’t walk away with huge swaths of spectrum for a bargain basement price.

    It remains to be seen just how high the bidding will go, but the current price gives a small glimpse into just how committed US wireless carriers are to their 5G rollouts.

  • Salesforce May Buy Slack

    Salesforce May Buy Slack

    Salesforce may be looking to make its largest acquisition to date, possibly snapping up Slack, the popular corporate message platform.

    Slack helped define the corporate messaging market and is used by organizations of all sizes. Recently, the company has faced increasing competition from Microsoft Teams, which has eclipsed Slack’s user base.

    Nonetheless, Slack is still wildly popular and continues to strike deals with major companies. In February, IBM announced it was deploying Slack to all 350,000 of its employees. Similarly, in June AWS announced it was deploying Slack to all of its employees. In return, Slack migrated its voice and video calling services to Amazon’s Chime platform.

    The AWS deal also spurred talk that Amazon might be interested in acquiring Slack. Despite Microsoft Teams’ larger market share, Slack is seen as the safe choice for companies that compete with Microsoft and don’t want to rely on a rival for their corporate communication. Given that AWS and Microsoft are the first and second-largest cloud providers, Slack seemed like a natural choice for AWS.

    It appears Salesforce may be interested in purchasing the message platform, however, according to a report by the Wall Street Journal. The talks appear to be preliminary, and therefore may ultimately come to nothing. Should the a deal be struck, however, it would be the largest in Salesforce history, since Slack is currently valued at $17 billion.

    Salesforce and Slack already integrate with each other. Given that both companies are locked in heated competition with Microsoft, joining forces may make sense. Salesforce, in particular, has been under increased pressure lately, with some analysts believing Microsoft’s open approach to data gives it a significant advantage over Salesforce. Microsoft has also partnered with C3.ai and Adobe to target Salesforce’s core CRM business.

    It remains to be seen if the talks will bear fruit, but it is also possible Saleforce’s interest could spark renewed interest from other parties, such as AWS. Larger companies content to partner with an independent Slack may not want to see it come under the control of a possible competitor. This, in turn, may motivate them to make a move of their own.

  • Accenture: Cybercriminals Becoming More Brazen

    Accenture: Cybercriminals Becoming More Brazen

    “The biggest takeaway from our research is that organizations should expect cybercriminals to become more brazen as the potential opportunities and pay-outs from these campaigns climb to the stratosphere,” says Josh Ray, who leads Accenture Security’s cyber defense practice globally.

    “Since COVID-19 radically shifted the way we work and live, we’ve seen a wide range of cyber adversaries changing their tactics to take advantage of new vulnerabilities,” said Accenture’s Josh Ray. “In such a climate, organizations need to double down on putting the right controls in place and by leveraging reliable cyber threat intelligence to understand and expel the most complex threats.”

    Sophisticated adversaries mask identities with off-the-shelf tools

    Throughout 2020, Accenture CTI analysts have observed suspected state-sponsored and organized criminal groups using a combination of off-the-shelf tooling — including “living off the land” tools, shared hosting infrastructure and publicly developed exploit code — and open source penetration testing tools at unprecedented scale to carry out cyberattacks and hide their tracks.
     
    For example, Accenture tracks the patterns and activities of an Iran-based hacker group referred to as SOURFACE (also known as Chafer or Remix Kitten). Active since at least 2014, the group is known for its cyberattacks on the oil and gas, communications, transportation and other industries in the U.S., Israel, Europe, Saudi Arabia, Australia and other regions. Accenture CTI analysts have observed SOURFACE using legitimate Windows functions and freely available tools such as Mimikatz for credential dumping. This technique is used to steal user authentication credentials like usernames and passwords to allow attackers to escalate privileges or move across the network to compromise other systems and accounts while disguised as a valid user.
     
    According to the report, it is highly likely that sophisticated actors, including state-sponsored and organized criminal groups, will continue to use off-the-shelf and penetration testing tools for the foreseeable future as they are easy to use, effective and cost-efficient.

    Ransomware feeds new profitable, scalable business model

    Ransomware has quickly become a more lucrative business model in the past year, with cybercriminals taking online extortion to a new level by threatening to publicly release stolen data or sell it and name and shame victims on dedicated websites. The criminals behind the Maze, Sodinokibi (also known as REvil) and DoppelPaymer ransomware strains are the pioneers of this growing tactic, which is delivering bigger profits and resulting in a wave of copycat actors and new ransomware peddlers.
     
    Additionally, the infamous LockBit ransomware emerged earlier this year, which — in addition to copying the extortion tactic — has gained attention due to its self-spreading feature that quickly infects other computers on a corporate network. The motivations behind LockBit appear to be financial, too. Accenture CTI analysts have tracked cybercriminals behind it on Dark Web forums, where they are found to advertise regular updates and improvements to the ransomware, and actively recruit new members promising a portion of the ransom money.
     
    The success of these hack-and-leak extortion methods, especially against larger organizations, means they will likely proliferate for the remainder of 2020 and could foreshadow future hacking trends in 2021. In fact, Accenture CTI analysts have observed recruitment campaigns on a popular Dark Web forum from the threat actors behind Sodinokibi.

  • Microsoft’s Approach to Data a Major Advantage Over Salesforce

    Microsoft’s Approach to Data a Major Advantage Over Salesforce

    Microsoft’s approach to customer data could help the company make major headway against Salesforce.

    Salesforce is one of the leading customer relationship management (CRM) and enterprise application software companies in the US. According to Business Insider, Futurum Research analyst Dan Newman believes it could be at a big disadvantage versus Microsoft because of its focus on collecting data primarily from its own tools.

    In contrast, Microsoft has moved towards openness in recent years, under the leadership of CEO Satya Nadella. In the past, Microsoft was fiercely territorial about its own products and services. Windows and Office were Microsoft’s two cash cows, and the company was focused on keeping customers locked into that ecosystem.

    Under Nadella, however, Microsoft has embraced other platforms and operating systems. Their focus has shifted to providing the best products, apps and services on any platform, rather than fiercely protecting their own.

    This approach is serving it well in the CRM market, where Microsoft Dynamics 365 competes with Salesforce. Unlike Salesforce, Microsoft’s products integrate with a wide range of tools and services, including those from competitors. Microsoft seems to be taking the approach of being the central hub where that data comes together.

    “We have hundreds and hundreds and hundreds of out-of-the-box connectors that allow our customers to connect to the data they already have, wherever it is: Whether it’s sitting in a system 360 mainframe from the 1970s or it’s sitting in the latest-and-greatest SaaS business application,” said James Phillips, President of Microsoft’s Business Applications Group.

    Microsoft’s efforts may force Salesforce to adapt in order to stay competitive.