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Piramal CTO Saurabh Mittal on financial services innovation

CIO

To create innovative products that meet the various finance requirements of the market, Piramal Capital & Housing Finance opened the Piramal Innovation Lab in Bengaluru on Dec. 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.

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Berlin’s Tilo raises seed round to tackle unstructured data sets with a serverless platform

TechCrunch

Tilo’s data infrastructure tool TiloRes says it helps companies match data points from different sources and formats, by being both serverless and doing it in near real-time and at scale, claims the company. Because it’s serverless, the costs scale with the usage, making it cheaper than server-based solutions.

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Rackspace’s CTO takes a broad view of sustainability

CIO

Srini Koushik has been passionate about the environment for 35 years and now, as a board member of the nonprofit SustainableIT.org and CTO of cloud services provider Rackspace Technology, he wants to help enterprises achieve sustainability in the cloud. It’s just a question of choice.”

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MoneyGram profits from mainframe move to multicloud

CIO

For MoneyGram International, migrating workloads from the mainframe to the cloud has been a boon for the bottom line — and a lifeline against increasing market disruption from digital money-transfer upstarts. For example, in Mexico, the company’s market remains 95% cash pickup.

Retail 244
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How 20 Minutes empowers journalists and boosts audience engagement with generative AI on Amazon Bedrock

AWS Machine Learning - AI

Storm serves as the front end for Nova, our serverless content management system (CMS). Our technical solution At 20 Minutes, we’ve been using AWS since 2017, and we aim to build on top of serverless services whenever possible. One of our key goals is to provide our journalists with a best-in-class digital publishing experience.

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Storm in the stratosphere: how the cloud will be reshuffled

Erik Bernhardsson

I think this was a real benefit for Snowflake, since a lot of their early customers were banks who care about multi-cloud, but more generally it also expands the market size vs the reach of any cloud vendor. Snowflake's projected 8 2022 research and development costs are 20% of revenue, and their sales and marketing costs are 48%!

Cloud 351
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Ascend.io lands $31M to automate data pipeline orchestration

TechCrunch

CEO Sean Knapp says that the new capital — which brings Ascend’s total to $50 million — will be used to expand the startup’s engineering, sales and marketing teams while extending Ascend’s platform to support greater automation.

Data 230