With data becoming a more important business resource by the day, organizations are increasingly turning to their leaders to ensure data excellence. Mark Fazackerley, Regional Vice President ANZ at Talend, outlines how the growingly popular Chief Data Officer role can help lay the groundwork for an effective data strategy and culture.
In the ever-expanding world of IoT, no industry is left untouched and the growth potential shows no sign of slowing down. According to a report published by GlobalData in May 2021, the global Internet of Things market is expected to reach more than a trillion dollars by 2024. Predictive maintenance, optimized energy consumption, road traffic management – the use cases are virtually endless! Meanwhile, that connectivity is generating a goldmine of data for your business.
We all make daily decisions with the help of AI, perhaps without even realizing it. Advanced automation technologies using data from smart devices and social networks make it easier than ever to offload your decision-making to an algorithm. Recommended posts, ads, suggested products — none of this is possible without automation. But machines can only get us 90% there. They’re great at consuming and analyzing large volumes of data, but still have trouble with edge cases.
If you’ve been following commentary on the modern data stack recently, you may have noticed the tent’s steadily getting bigger. There also appears to be a growing ecosystem of companies that are beginning to take the next step, going from what a modern data stack can look like, to now internalizing this concept in their very own product solutions.
New data tools and technologies can help your team get more done with less budget, headcount and risk.
Iguazio users can now run their ML workloads on AWS EC2 Spot instances. When running ML functions, you might want to control whether to run on Spot nodes or On-Demand compute instances. When deploying Iguazio MLOps platform on AWS, running a job (e.g. model training) or deploying a serving function users are now able to choose to deploy it on AWS EC2 Spot compute instances.