Software/ platforms - AI-Tech Park https://ai-techpark.com AI, ML, IoT, Cybersecurity News & Trend Analysis, Interviews Fri, 05 Jul 2024 12:18:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.16 https://ai-techpark.com/wp-content/uploads/2017/11/cropped-ai_fav-32x32.png Software/ platforms - AI-Tech Park https://ai-techpark.com 32 32 Axway Named a Leader in New API Management Software Report https://ai-techpark.com/axway-named-a-leader-in-new-api-management-software-report/ Fri, 05 Jul 2024 08:30:00 +0000 https://ai-techpark.com/?p=171868 According to independent research firm evaluation, customers view Axway as a supportive partner and well-suited for buyers embarking on API-led digital business Axway (Euronext: AXW.PA), a leading provider of API management and integration software, is proud to announce that it has been positioned as a Leader in The Forrester Wave™:...

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According to independent research firm evaluation, customers view Axway as a supportive partner and well-suited for buyers embarking on API-led digital business

Axway (Euronext: AXW.PA), a leading provider of API management and integration software, is proud to announce that it has been positioned as a Leader in The Forrester Wave™: API Management Software, Q3 2024, published on July 1, 2024.¹

“We are always honored when our customers share the positive experiences and outcomes they have had with Axway,” said Vince Padua, Chief Product Officer at Axway. “We’re invested in their success, providing the expertise and guidance needed to treat APIs as strategic business products.”

Axway was one of 15 select companies that Forrester invited to participate in its evaluation, The Forrester Wave™: API Management Software, Q3 2024. In this evaluation of its Amplify API Management, Axway earned the highest scores possible in seven evaluation criteria, including federated gateway management, API product management, and adoption.

“This recognition validates for us our unique API business strategy program, which is just one example of how we go above and beyond to ensure you extract maximum value from API investments. We empower organizations with universal API management tools that break down barriers and provide a single source of truth for the entire API landscape,” said Padua.

The report notes: “Axway focuses on digital business that is multicloud, multiprotocol, and multigateway. Its roadmap seeks to deliver a more unified product line, non-REST protocol enhancements, more gateway federation, AI for API creation and consumption, and gateway modernization… It is the only vendor in this evaluation to provide robust support for third-party federated gateways…” ¹

“The Amplify platform lets you discover, use, and govern APIs across multiple gateways, vendors, and environments, simplifying adoption and use of APIs. But providing an industry-leading API management solution isn’t enough,” adds Padua. “Just as essential is accompanying our customers in designing an API management strategy that will drive the best results from a company’s investment.”

According to the report, “Reference customers say Axway is a supportive partner that listens to its customers. They also love its support for third-party gateways.” ¹

With Amplify API Management, the global manufacturing and engineering innovator Bosch was able to accelerate product and service innovation.

“We manage over 2,000 APIs using Amplify API Management, with a volume of several hundred million transactions per month. These APIs enable a wide range of use cases, from connecting SAP S/4HANA with other line-of-business solutions to supporting smart heating systems for office buildings,” said David Geiger, Head of API Management at Bosch Digital.

“And with Amplify Marketplace, developers can easily find the right APIs without traversing the entire organization; this saves a huge amount of time.”

Baird, an investment bank and financial services company, drove rapid adoption with a central API catalog and secure self-service consumption with Axway.

“Today, our developers can see all the APIs their peers have developed, identify any application dependences, and check the source repository to see who last worked on it,” said Jim Cornelius, SVP, IT Architect at Baird. “With a central view of which APIs are available, our teams can leverage already-existing code or even an entire API created by another team to accelerate their own development work. Without a doubt, this capability is reducing duplication of effort in our development process — helping us to minimize our time to market for new data-driven services.”

Click here to view a complimentary copy of The Forrester Wave™ report.

¹ The Forrester Wave™: API Management Software, Q3 2024, Forrester Research, Inc., July 1, 2024

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Datadog Welcomes David Galloreese as New Chief People Officer https://ai-techpark.com/datadog-welcomes-david-galloreese-as-new-chief-people-officer/ Fri, 05 Jul 2024 07:45:00 +0000 https://ai-techpark.com/?p=171856 Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced that David Galloreese joined as Chief People Officer. Galloreese has more than 20 years of human resources experience from roles at brands like Figma, Wells Fargo, Walmart, Medallia and Caesars Entertainment. “David brings a wealth of experience...

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Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced that David Galloreese joined as Chief People Officer. Galloreese has more than 20 years of human resources experience from roles at brands like Figma, Wells Fargo, Walmart, Medallia and Caesars Entertainment.

“David brings a wealth of experience leading the People function at both tech companies and large-scale, high-visibility brands. He has also been a trusted advisor to many companies in recent years,” said Olivier Pomel, co-founder and CEO of Datadog. “David is a great addition to the executive team and he will help drive the next chapter of growth and scale at Datadog.”

“I’m looking forward to continuing to build Datadog’s mission, culture and team,” said Galloreese. “Hiring and developing the best talent is essential to building market-leading products and providing excellent experiences to end customers. This becomes even more true as the company continues to rapidly grow.”

Most recently, Galloreese was a Senior Advisor at McKinsey & Company, and advised companies like Karat, Guild and Gametime. Prior to his advisor roles, he held Chief Human Resources Officer positions at Figma and Wells Fargo, was the Chief People Officer at Sam’s Club, and was the Head of People & Culture at Medallia.

Learn more about Datadog’s leadership team and see what career opportunities are available at Datadog.

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Luminar Launches Sentinel Software for Automakers https://ai-techpark.com/luminar-launches-sentinel-software-for-automakers/ Wed, 03 Jul 2024 14:30:00 +0000 https://ai-techpark.com/?p=171797 Full Stack Software Development Kits to Ship to Top Automakers Beginning in Q3 Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced it is launching Sentinel1, its full-stack software suite, following five years of breakthrough developments in Software and AI systems. The Sentinel solution enables automakers to accelerate...

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Full Stack Software Development Kits to Ship to Top Automakers Beginning in Q3

Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced it is launching Sentinel1, its full-stack software suite, following five years of breakthrough developments in Software and AI systems. The Sentinel solution enables automakers to accelerate development of advanced safety and autonomous functionality on vehicles, and includes Proactive Safety, Perception, 3D Mapping and Localization, Simulation, and Dynamic LiDAR features. The first shipments occurred this week, and are planned to be delivered to top automakers in the third quarter of this year.

Luminar’s Sentinel suite is a solution currently in-development to enable advanced safety and autonomous functionality with automakers, leveraging Luminar’s LiDAR hardware and AI-based software technologies developed primarily in-house by its software teams in Silicon Valley and Munich, Germany, with support from 3rd party software partners including Scale AI, Applied Intuition, and Civil Maps, which Luminar acquired in 2022. Sentinel differs from full-stack autonomous software solutions from other companies that develop software for driverless robo-taxis. Luminar’s development has focused from the beginning on giving automakers the toolkit of capabilities outlined above to implement next generation safety and autonomous capabilities for consumer production vehicles. With the launch, Sentinel is targeted to be assessed by and integrated into automaker software development efforts.

A recent comprehensive research report by Swiss Re, one of the world’s largest reinsurance companies, demonstrated that cars equipped with Luminar LiDAR and a development version of Sentinel software showed dramatic safety enhancements and a reduction by as much as 40% in accident severity. Details from the Swiss Re study can be found here. Luminar’s foremost goal is improving safety; however, Luminar, automakers, and end consumers can capitalize on the insurance savings to be realized with the safety and damage-reduction benefits of its technology. Luminar expects to monetize some of the benefits internally by launching its own packaged insurance product to automakers and end consumers.

“People know Luminar for pioneering LiDAR systems for global production vehicles, but since 2017 we have also been building next-generation AI-based software for improved safety and autonomy,” said Austin Russell, Founder and CEO of Luminar. “The majority of major automakers don’t currently have a software solution for next-generation assisted and autonomous driving systems. Our launch couldn’t be more timely with the new NHTSA mandate for next-generation safety in all US production vehicles by 2029, and as of today, we’re the only solution we know of that meets all of these requirements. This gives us the opportunity to dramatically expand our content value per vehicle in a high-margin capacity.”

Sentinel was first previewed by Luminar as a prototype in 2021 with a fraction of its current capabilities. The Sentinel software included in the kits is in continuous development, with the intent to be evaluated by automakers and technology companies for potential integration into future advanced safety and autonomous driving programs. Sentinel is built to be compatible with almost any consumer and commercial vehicle, including both combustion engine and electric drive train models.

Automakers can find more information about Sentinel and the evaluation program at https://www.luminartech.com/technology#sentinel.

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DataDome Named a Bot Management Platform Leader in Top Analyst Report https://ai-techpark.com/datadome-named-a-bot-management-platform-leader-in-top-analyst-report/ Tue, 02 Jul 2024 10:15:00 +0000 https://ai-techpark.com/?p=171639 Report Notes that DataDome is Expanding Beyond Bot Mitigation to Broader, Anti-Fraud Platform with Addition of Ad Protect & Account Protect DataDome, a leading AI-powered online fraud and bot management platform, is proud to announce it has been recognized as a Leader in The Forrester Wave™: Bot Management Software, Q3 2024. DataDome received the highest...

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Report Notes that DataDome is Expanding Beyond Bot Mitigation to Broader, Anti-Fraud Platform with Addition of Ad Protect & Account Protect

DataDome, a leading AI-powered online fraud and bot management platform, is proud to announce it has been recognized as a Leader in The Forrester Wave™: Bot Management Software, Q3 2024. DataDome received the highest score possible in nine criteria, including detection models, partner ecosystem, and more. In its analysis, Forrester evaluated 11 total vendors in the bot mitigation space based on high-level criteria grouped by current offering, strategy and market presence in order to help customers select the right provider for their needs.

Notably, DataDome received a 5/5 score, which Forrester defines as “superior,” in the detection models criterion. DataDome’s ability to analyze 5 trillion signals daily with multiple layers of machine learning ensures unparalleled accuracy in distinguishing between malicious traffic and genuine user interactions.

What’s more, DataDome’s enterprise platform does not come at the expense of usability and implementation. With 50+ integrations, DataDome runs anywhere, in any cloud; it is compatible with all major web technologies, including multi-cloud and multi-CDN setups, and is installed within minutes.    

“We are thrilled to be recognized as a Leader in The Forrester Wave™: Bot Management Software report. For us, this achievement underscores our relentless commitment to protecting our customers, and proves that the best enterprise cyberfraud platform does not have to come at the expense of ease of use,” said Benjamin Fabre, co-founder and CEO of DataDome. “Our customer obsession drives us to continuously innovate and provide a seamless experience that delivers a fast time to value, stopping fraud before it happens. Today’s recognition is, in our opinion, a testament to our success in achieving that goal.”

In the report, Forrester writes that DataDome “has a robust partner ecosystem.” These partnerships help enable seamless integration, ensuring that DataDome’s platform is easily deployable and highly effective across various environments, while fostering continuous innovation and collaboration.

Keeping in line with what Forrester describes as an “ambitious goal of launching one new product per quarter,” the company recently unleashed three new cutting-edge solutions: Device Check, the most effective, truly invisible CAPTCHA alternative, Ad Protect, a groundbreaking tool against ad fraud from inception, and Account Protect, which stops fraud before it happens. Additionally, as the Forrester report noted, DataDome now offers a ChatGPT application on the ChatGPT Marketplace, DataDome Companion, which is designed to optimize and simplify bot management processes, with the ability to create custom rules with unparalleled speed and ease.

Furthermore, the report also states, “DataDome stands out for an easy-to-use management interface that seamlessly enables bulk addition of applications and discovers new applications that need protection” and recommends that “customers looking for a strong all-around bot solution that excels in ease of use should add DataDome to their shortlist.”

This sentiment is echoed in real user feedback, with one reference customer reporting that DataDome’s platform “is so easy and documentation so good that there was no need to have extra training,” and praising its real-time threats view as “invaluable.”

Within the last year, DataDome has significantly enhanced and expanded its cyberfraud platform, empowering enterprises to realize instant ROI. In the past 12 months, DataDome’s platform successfully detected and blocked approximately 350 billion malicious attacks. Customers benefited from a 99% reduction in account takeover fraud, as DataDome stopped 8.6 billion account takeover attempts and nearly 400 million fake account creations.

Today’s news comes on the heels of several recent announcements, including ranking as the top G2 Leader in Bot Detection & Mitigation, the launch of DataDome Account Protect and DataDome Ad Protect, the expansion of DataDome’s bot bounty program, the release of Device Check, and its channel partner program expansion. DataDome has received widespread recognition in the past year for its market-leading detection and mitigation capabilities, including being the only bot detection & mitigation provider to rank on G2’s prestigious Best Security Products of 2024 list, and more.

Follow DataDome on YouTube and LinkedIn for regular updates on threat research, customer case studies, and to ensure your bot protection is ready to tackle the most sophisticated attacks.

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Opsera’s Unified DevOps Platform Now Available on Azure Marketplace https://ai-techpark.com/opseras-unified-devops-platform-now-available-on-azure-marketplace/ Tue, 02 Jul 2024 10:00:00 +0000 https://ai-techpark.com/?p=171636 Microsoft Azure customers worldwide gain access to Opsera’s industry-leading Unified DevOps Platform that significantly reduces tool sprawl and increases developer productivity Opsera, the Unified DevOps Platform trusted by innovative enterprise IT organizations, announced it is now available on the Azure Marketplace, an online store providing applications and services for use...

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Microsoft Azure customers worldwide gain access to Opsera’s industry-leading Unified DevOps Platform that significantly reduces tool sprawl and increases developer productivity

Opsera, the Unified DevOps Platform trusted by innovative enterprise IT organizations, announced it is now available on the Azure Marketplace, an online store providing applications and services for use on Azure. The Opsera Unified DevOps Platform helps Azure customers increase the efficiency of app deployments through actionable insights that improve developer productivity, reduce tool sprawl and pinpoint areas to improve software delivery.

Find Opsera on Azure Marketplace: https://azuremarketplace.microsoft.com/en-us/marketplace/apps/opserainc

Unlike other platforms, Opsera brings together the entire software development lifecycle with developer activity and delivery insights for GitHub Copilot and DORA, native integrations and automation for more than 80% of the top CI/CD tools, and unified data for SDLC, IaC, SaaS applications like Salesforce and Snowflake, and mobile application development, helping teams make the most of their current technology investments.

Microsoft Azure Marketplace is an online store that provides services and applications that are certified to run on the Azure platform. It is a medium for companies to discover ready-to-use, cloud-based solutions. With its innovative and patented technology, Opsera brings insights-driven automation to the Azure Marketplace.

“We are thrilled to offer Opsera’s Unified DevOps Platform on Azure Marketplace,” said Kumar Chivukula, co-founder and CEO of Opsera. “Azure customers can now utilize Opsera’s sophisticated, award-winning technology to tap into powerful Unified Insights that enable them to make smart decisions, faster while adhering to strict compliance requirements.”

With Opsera, enterprise teams have the choice and flexibility with their tools and automation, while accelerating DevOps maturity and maintaining the highest levels of quality and security that cannot be found with other platforms on the market. Opsera improves developer experience with predictive insights and recommendations with Hummingbird AI, helps enterprises accelerate their modernization journey and provides the most comprehensive insights from code to cloud.

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Red Hawk Grows 2x, Reduces Assessment Time with CAST Highlight https://ai-techpark.com/red-hawk-grows-2x-reduces-assessment-time-with-cast-highlight/ Fri, 28 Jun 2024 09:45:00 +0000 https://ai-techpark.com/?p=171303 Kentucky-based software development firm Red Hawk Technologies has more than doubled its business in the last twelve months while significantly enhancing its operational efficiency by integrating CAST Highlight into its novel and unique software development as a managed service (“SDaaMS”) offering. The adoption of software intelligence technology has enabled the firm to...

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Kentucky-based software development firm Red Hawk Technologies has more than doubled its business in the last twelve months while significantly enhancing its operational efficiency by integrating CAST Highlight into its novel and unique software development as a managed service (“SDaaMS”) offering.

The adoption of software intelligence technology has enabled the firm to cut software evaluation times from eight weeks to just two, adding significant value to their innovative business model, which bundles software development and technical support services for a fixed monthly fee. This model offers agile development processes, financial predictability, reduced costs, and operational stability for the mid-market segment.

“CAST Highlight has been pivotal in transforming how we manage software evaluations, in particular by dramatically reducing the time required for initial assessments from eight weeks to two weeks, allowing us to pass on these efficiencies to our clients,” said Red Hawk CEO Matt Strippelhoff. “This improvement in process efficiency not only boosts client satisfaction but has helped accelerate Red Hawk’s rapid growth, distinguishing the company in the competitive mid-market sector and transforming how our clients do business.”

Executive view across 286 applications using CAST Highlight for rapid portfolio analysis

Embedding CAST software intelligence into its SDaaMS offerings has enabled Red Hawk to accelerate and rapidly scale their model for digital transformation and modernization initiatives; among other offerings, the firm now quickly migrates client software applications from on-premise servers to the cloud, addresses tech debt, and mitigates legal and security risks around open-source software—all at a fraction of the operating cost of an in-house software development team.

CAST Highlight is a software intelligence product that serves as an application control tower, rapidly assessing application portfolios for cloud maturity, technical debt, resiliency, agility, open source risks, and environmental impact. It automatically understands source code of hundreds of applications in hours, empowering organizations to accelerate optimization for cloud, reduce obsolescence, streamline maintenance, reduce IP risks and security exposures, and make their software greener and more resource efficient.

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Scalefocus wins Three Gold Globee® awards for Innovation & Excellence https://ai-techpark.com/scalefocus-wins-three-gold-globee-awards-for-innovation-excellence/ Fri, 28 Jun 2024 07:30:00 +0000 https://ai-techpark.com/?p=171278 Scalefocus, the trusted provider of tailored software solutions and services, has won three prestigious Gold Globee® Awards for its outstanding contributions to technology and innovation. These accolades highlight the company’s commitment to driving transformative business solutions through advanced artificial intelligence and data analytics. 1. Most Innovative Company of the Year –...

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Scalefocus, the trusted provider of tailored software solutions and services, has won three prestigious Gold Globee® Awards for its outstanding contributions to technology and innovation. These accolades highlight the company’s commitment to driving transformative business solutions through advanced artificial intelligence and data analytics.

1. Most Innovative Company of the Year – Artificial Intelligence

Awarded the Gold Globee® at the 19th Annual 2024 Globee® Awards for Technology, Scalefocus is recognized for delivering comprehensive AI-driven business transformations that ensure long-term success. This award underscores their relentless pursuit of harnessing AI to revolutionize business operations, enhance efficiencies, and unlock new growth opportunities.

2. Most Innovative Company of the Year | IT Services

In another significant win, the company has been honored with the Gold Globee® at the 16th Annual 2024 Golden Bridge Awards®. This award celebrates Scalefocus as a leader in IT services for their AI-powered innovation and suite of reusable software modules that accelerate development in key business areas.

3. Energy & Utilities Disruptors

Scalefocus has also been awarded the Gold Globee® at the 4th Annual 2024 Globee® Awards for Disruptors for innovative contributions to the energy sector. Their LNG planning tool, which saves millions of euros annually has positioned them as a key disruptor, driving efficiency and strategic insights in energy and utilities.

Celebrating Innovation and Excellence

“We are immensely proud to receive these prestigious awards,” said Ivan Ivanov, CEO of Scalefocus. “These honors reflect our unwavering dedication to leveraging AI and advanced analytics platforms to create innovative solutions that not only meet but exceed our clients’ expectations. Our teams’ commitment to excellence and innovation has been the cornerstone of our success, and these awards are a testament to their hard work and ingenuity.”

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Eclipse Foundation Introduces Theia IDE to elevate developer experience https://ai-techpark.com/eclipse-foundation-introduces-theia-ide-to-elevate-developer-experience/ Thu, 27 Jun 2024 15:45:00 +0000 https://ai-techpark.com/?p=171203 Theia IDE offers an innovative, flexible, and extensible open source solution for both desktop and cloud development The Eclipse Foundation, one of the world’s largest open source foundations, has announced the release of Eclipse Theia IDE, marking a significant milestone in the evolution of Integrated Development Environments (IDEs). Built on...

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Theia IDE offers an innovative, flexible, and extensible open source solution for both desktop and cloud development

The Eclipse Foundation, one of the world’s largest open source foundations, has announced the release of Eclipse Theia IDE, marking a significant milestone in the evolution of Integrated Development Environments (IDEs). Built on the robust Eclipse Theia platform, a popular choice among tool providers since 2017, Theia IDE provides an exceptional user experience designed to meet the needs of today’s developers. This latest addition to the Eclipse Cloud DevTools ecosystem offers a modern, extensible coding experience across both desktop and browser environments.

“The release of Theia IDE represents a new milestone in the world of open source development tools,” said Mike Milinkovich, executive director for the Eclipse Foundation. “By combining flexibility, innovation, and openness, Theia IDE empowers developers to fully customise and control their coding environments, ultimately driving greater productivity and creativity. We’re excited to see how this tool will shape the future of software development.”

Next-Gen Development Tools with a Commitment to Privacy

Theia IDE is designed to meet the demands of today’s developers, integrating the latest web technologies for seamless cross-platform operation. It supports the Language Server Protocol (LSP), the Debug Adapter Protocol (DAP), and leverages the Monaco Code Editor for a state-of-the-art coding experience. Compatibility with VS Code extensions, accessible via the Open VSX registry, ensures a highly customizable and extendable environment.

Choosing Theia IDE means embracing cutting-edge technology combined with unparalleled flexibility and openness. Key features include a customizable toolbar, detachable views, remote development support, and an upcoming collaboration mode, setting Theia IDE apart from other open source tools. Committed to user privacy and against default telemetry, Theia IDE respects user preferences while providing a high-performance coding environment.

Empowering Developers Through Community-Driven Innovation

At the core of Theia IDE is its vibrant open source community hosted by the Eclipse Foundation. This ensures freedom for commercial use without proprietary constraints and fosters innovation and reliability through contributions from companies like Ericsson, EclipseSource, STMicroelectronics, TypeFox, and more. The community-driven model encourages participation and adaptation according to user needs and feedback.

Contribute to the Future of Software Development

For developers seeking a modern, extensible, and community-driven IDE, Theia IDE sets new standards. Available for download on major operating systems and deployable in cloud environments, Theia IDE invites developers to explore its robust features and contribute to its continuous evolution.

Visit the Theia IDE blog post to learn more about its features and how to join the growing community.

Learn more at the Open Community Experience (OCX), a transformative open source developer conference taking place from 22 to 24 October 2024 in Mainz, Germany. Visit the OCX website for sponsorship and participation details.

Quotations from Members of the Eclipse Theia Community

EclipseSource GmbH

“We’re excited to announce the official release of Theia IDE. With its flexibility and extensibility, the Theia IDE is designed to meet the evolving needs of developers and adopters creating custom tools and IDEs at the same time,” said Jonas Helming, Theia Project Lead and CEO at EclipseSource GmbH. “Together with its commitment to providing a tool that respects user privacy and is free from proprietary constraints, Theia is an important building block for EclipseSource to fulfill our customers’ needs with their specialised IDEs and tools.”

Typefox GmbH

“I’m thrilled to witness the official release of Theia IDE, a testament to the collaborative efforts shaping the future of software development,” said Miro Spönemann, CEO at Typefox GmbH. “Theia’s incorporation of cutting-edge features and commitment to openness align perfectly with our ethos at TypeFox. We’re proud to be part of this vibrant community driving innovation and look forward to the incredible possibilities ahead.”

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SingleStore Unveils New Tools to Unfreeze Data Lakehouses https://ai-techpark.com/singlestore-unveils-new-tools-to-unfreeze-data-lakehouses/ Thu, 27 Jun 2024 11:55:00 +0000 https://ai-techpark.com/?p=171143 Now offers bi-directional integration with Iceberg, faster vector search, enhanced full-text search, autoscaling and a ‘bring your own cloud’ deployment SingleStore, the real-time data platform for you to transact, analyze and contextualize, today announced a bi-directional integration with Apache Iceberg that opens up a world of opportunities for building intelligent...

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Now offers bi-directional integration with Iceberg, faster vector search, enhanced full-text search, autoscaling and a ‘bring your own cloud’ deployment

SingleStore, the real-time data platform for you to transact, analyze and contextualize, today announced a bi-directional integration with Apache Iceberg that opens up a world of opportunities for building intelligent applications on data lakehouses. This integration addresses the critical challenge faced by enterprises where an estimated 90% of data remains “frozen” in lakehouses and is unusable for powering interactive applications, analytics or AI.

Apache Iceberg is the de facto standard for data lakes for storing massive datasets, offering cost efficiency for querying large-scale datasets. However, enterprises struggle to leverage this data due to complex, costly processes required to ‘thaw’ it, including extensive ETL workflows and compute-intensive Spark jobs.

SingleStore’s new integration is intended to solve precisely that, providing low-latency ingestion, bi-directional data flow and real-time application performance at lower costs for modern intelligent applications and analytics. This offering is available in public preview today and customers will soon be able to create external tables in SingleStore based on Iceberg data, build projections on these tables and take advantage of the speed and performance of SingleStore on frozendata.

SingleStore’s customers, many of whom use Apache Iceberg for their data lakes and commercial lakehouses, have expressed a strong interest in a solution that enables fast interactive applications and low-latency analytics using their vast, untapped Iceberg data.

“Our vision has always been to provide one single data store for all companies to be able to take advantage of speed, scale and simplicity,” said Raj Verma, CEO, SingleStore. “Our data platform is designed to unlock all types of enterprise data — including data that is frozen in data lakes — to enable our customers to build modern intelligent apps. With this release, we believe we are enabling a significant portion of the market that today cannot build real-time modern applications on data stored in data lakes.”

Apart from the Iceberg integration, SingleStore also announced a slew of other new features and product enhancements that enable building enterprise-grade intelligent applications, including:

  • Faster vector search. Vector search with HNSW is 40% faster compared to the earlier release. SingleStore’s IVF Flat index is demonstrated to be between 47 to 100x faster than pgvector, and vector index build times are now 2-3x faster than Milvus and pgvector. Additional vector search features include range searches and filters (in public preview) to help enterprises easily build and scale generative AI applications.
  • Enhanced full-text search. SingleStore has supported full-text search for a number of years. With its June 2024 release, the company is announcing the general availability of robust new capabilities in full-text search including improved relevance scoring, phonetic similarity, fuzzy matching and keyword-proximity-based ranking. All this means organizations can now simplify their data architectures by eliminating the need for additional specialty databases to build generative AI and real-time applications.
  • Autoscaling. With compute workspaces and a distributed architecture, SingleStore is a highly scalable data platform. With Autoscaling in its latest release (in public preview) customers ensure application performance by scaling compute resources up or down automatically in seconds to adjust to unpredictable workloads — while avoiding billing surprises.
  • Helios® — Bring Your Own Cloud (BYOC) deployment. For many customers, their data has to remain in their own virtual private cloud (VPC), under their own security and governance policies because of regulatory requirements or contractual obligations. In these cases customers had to deploy SingleStore in a self-managed model, managing operations themselves. With this announcement, SingleStore is introducing a fully-managed cloud offering (Helios — BYOC), that lets customers enjoy the ease of management and elastic scalability of the platform, but within their own virtual private cloud. This offering is now available in private preview in AWS, and customers can run SingleStore in their own tenants while complying with data residency and governance policies.

“SingleStore’s data platform is indispensable for analyzing our data and delivering real-time insights to our customers,” said Mauricio Aristizabal, Principal Data Architect, impact.com, and Founder, Giist Social. “This latest update continues to push the boundaries of what we can accomplish by harnessing all of our enterprise data in real time. We’re looking forward to leveraging the latest cutting-edge features to continue growing our and our clients’ business.”

“Our new features and capabilities advance SingleStore’s mission of offering a real-time data platform for the next wave of generative AI and data applications,” said Nadeem Asghar, Head of Engineering at SingleStore. “The integration with Iceberg, plus enhancing our platform’s scaling and processing capabilities will allow users to access and harness their data in real time, and build intelligent apps.”

SingleStore remains at the forefront of generative AI innovation. The company’s product innovation has led to high-momentum growth in customers, pushing it to surpass $100M in ARR at the end of 2023. SingleStore was recognized with five 2024 TrustRadius Top Rated Awards, the most the company has ever won in a single year. Four awards were won for the third consecutive year, while the recognition in the Vector Database category was a first. To learn more about SingleStore visit here.

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New Relic AI Awarded Best Generative AI Solution https://ai-techpark.com/new-relic-ai-awarded-best-generative-ai-solution/ Thu, 27 Jun 2024 11:49:40 +0000 https://ai-techpark.com/?p=171127 New Relic AI wins AI Breakthrough Award for ‘Best Code Generative AI Solution’ for its ability to help customers accelerate observability adoption and gain efficiency New Relic, the all-in-one observability platform for every engineer, announced that New Relic AI has won the AI Breakthrough Award for “Best Code Generative AI Solution.” This recognition reflects...

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New Relic AI wins AI Breakthrough Award for ‘Best Code Generative AI Solution’ for its ability to help customers accelerate observability adoption and gain efficiency

New Relic, the all-in-one observability platform for every engineer, announced that New Relic AI has won the AI Breakthrough Award for “Best Code Generative AI Solution.” This recognition reflects the company’s leadership in AI and commitment to making observability accessible to customers from every industry around the world, regardless of prior experience.

New Relic AI can answer natural language questions about system performance, analyze recent changes, summarize dashboards, and assist with platform navigation and onboarding. Its observability insights inform decisions that impact all areas of the business, removing data silos between teams and allowing organizations to standardize on a unified system of intelligence. New Relic AI provides an AI-powered experience that transforms DevSecOps and ITOps workstreams with proactive, context-rich insights and customizable automation at every step of the software and IT service management journey.

“New Relic AI addresses the challenges posed by the increasing complexity of IT stacks. As Gen AI transforms the software development process, the demand for trusted observability increases. Despite this, engineering teams still struggle to grasp the full potential of a trusted observability platform due to overwhelming amounts of data,” said AI Breakthrough Managing Editor Steve Johansson. “New Relic AI revolutionizes observability adoption and practices. It encourages engineers of all backgrounds to unlock observability’s benefits, making it our choice for ‘Best Code Generative AI Solution!’”

“We’re pleased to be recognized in this way by AI Breakthrough. We designed New Relic AI to democratize access to observability,” said New Relic Chief Product Officer Manav Khurana. “Observability is a powerful practice that can help companies scale and drive innovation, and New Relic AI is critical in helping to make observability ubiquitous by removing the technical barriers to entry. We will continue to assist organizations by helping them to deliver better products and customer experiences.”

New Relic AI also makes it simple to debug and fix code-level issues, automate error troubleshooting, isolate root cause, generate system health reports, summarize and analyze dashboards, identify alerting blindspots and more — in virtually any commonly spoken language.

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