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Piramal CTO Saurabh Mittal on financial services innovation

CIO

The 36,000-square-foot innovation hub will be led by the company’s CTO, Saurabh Mittal, and Markandey Upadhyay, head of business intelligence unit for Piramal. CIO.com caught up with Mittal to know more about his plans for the innovation lab, as well as the technology strategy for the financial services company.

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Starburst acquires data lake analytics accelerator Varada to challenge Snowflake

TechCrunch

Starburst , the well-funded data warehouse analytics service and data query engine based on the open-source Trino project, today announced that it has acquired Varada , a Tel Aviv-based startup that focuses on data lake analytics.

Analytics 218
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Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets

TechCrunch

Israeli startup Firebolt has been taking on Google’s BigQuery, Snowflake and others with a cloud data warehouse solution that it claims can run analytics on large datasets cheaper and faster than its competitors. Firebolt cites analysts that estimate the global cloud analytics market will be worth some $65 billion by 2025.

Analytics 218
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Sightfull, a startup that tracks key business activities, raises $18M

TechCrunch

In late 2020, developers Noam Liran and Alex Litvak were inspired to create a platform that applied automation concepts from security to the business analytics space. Sightfull falls into the category of software startups known as revenue operations and intelligence (RO&I), which has been red-hot lately.

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SAP enhances Datasphere and SAC for AI-driven transformation

CIO

SAP announced today a host of new AI copilot and AI governance features for SAP Datasphere and SAP Analytics Cloud (SAC). The combination enables SAP to offer a single data management system and advanced analytics for cross-organizational planning. Ventana Research’s Menninger agrees. “At

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10 projects top of mind for IT leaders today

CIO

Long and varied, the list focuses on delivering impactful results for the business, further reshaping the responsibilities and outlook for the CIO role. A mix of IT mainstays and business differentiators, these “top-of-mind” projects hint at where IT is headed in years ahead.

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CIOs are bullish on the possibilities for generative AI: report

CIO

CIOs generally think that AI has already proved a wise investment in certain areas of business, most notably the “democratization” of data (referring to internal and external data sharing), at 32% of those polled, and AI-powered business intelligence and analytics, also at 32%.