technology 13 Sep 2023
New Relic, the all-in-one observability platform for every engineer, published the 2023 Observability Forecast report, which examines the evolution of observability, and its impact on the lives of technical professionals and businesses’ bottom lines. The report reveals observability’s adoption is on the rise and full-stack observability leads to better service-level metrics, such as fewer, shorter outages and lower outage costs. Respondents receive a median $2 return per $1 of investment in observability, with 41% receiving more than $1 million total annual value.
The third annual study is once again the largest, most comprehensive of its kind, and the only study to open-source its raw data. This year’s report surveyed 1,700 technology professionals, including 1,100 practitioners — day-to-day users of observability tools — and 600 IT decision-makers across 15 countries, to understand the current state of observability, the areas with the most and least amount of growth, and the external forces influencing spending and adoption.
According to the research, organizations are using fewer observability tools than in 2022 and are beginning to adopt single, consolidated observability platforms. While monitoring is still fragmented and most organizations do not yet monitor their full technology stacks, more observability capabilities were deployed year-over-year, and 58% more organizations have achieved full-stack observability.
Findings from the 2023 Observability Forecast include:
“High-business-impact outages are incredibly expensive for today’s organizations,” said Peter Pezaris, Chief Strategy and Design Officer at New Relic. “The Observability Forecast shows that teams with full-stack observability consistently have fewer outages while detecting and resolving issues faster than those without. This translates to lower outage costs, a higher annual return on investment, and a positive effect on an organization’s bottom line. The business value of observability is clear.”
Observability Improves Service-Level Metrics
One of the report’s key takeaways is that organizations that achieve full-stack observability improve service-level metrics — particularly mean time to resolution (MTTR) and mean time to detection (MTTD) — and get the most out of their investments. Respondents with full-stack observability were more likely to experience the fastest MTTR and MTTD (less than 30 minutes), as well as seeing the most improvement for both metrics year-over-year.
The research shows that investing in observability pays off. For example, respondents who said their organization has more than five observability capabilities currently deployed were 40% more likely to detect high-business-impact outages in 30 minutes or less, compared to those with one to four deployed. As critical business application outages grow ever more expensive — 61% said downtime costs at least $100,000 per hour — the impact on service-level metrics translates to significant savings. Organizations with full-stack observability had median outage costs of $6.17 million per year compared to $9.83 million per year for those without full-stack observability — a cost savings of $3.66 million per year.
Respondents recognize the hard financial stakes attached to observability. Asked to name the most significant business outcome if an organization did not have an observability solution, they pointed to the concrete impacts of higher operation costs and revenue loss from downtime.
Benefits of Observability
According to the Observability Forecast, practitioners and IT decision-makers are seeing clear but different benefits as a result of their current observability solution. The report reveals that observability:
Trends Driving Observability
Observability remains a business imperative for forward-thinking enterprise leaders. By mid-2026, 82% or more of respondents expected to deploy each of the 17 different observability capabilities. Most organizations may have robust observability practices in place within three years, highlighting the industry’s growth potential.
Nearly half (49%) indicated an increased focus on security was driving the need for observability, followed by the integration of business apps into workflows and the adoption of AI technologies. The security focus reflects the rise of cybersecurity threats and complex cloud-native application architectures that introduce additional risk. For OpenTelemetry, scalability (52%) and the fact that it integrates with their existing tool stack (46%) were driving its adoption, indicating that OpenTelemetry is a movement vendors must embrace to meet customer demands.
data management 13 Sep 2023
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Data Streaming Startup Challenge. The Data Streaming Startup Challenge is a global competition that recognizes and rewards early-stage startups that are building innovative applications with Confluent. Startups will compete for a grand prize up to a $500,000 investment from Confluent, marketing exposure, and access to venture capitalists and Confluent co-founders who will provide seasoned mentorship. Startups have long been at the forefront of transformation, revolutionizing industries and disrupting the status quo. Media startups changed how we watch our favorite shows. Ride sharing companies changed how we travel and online retailers changed the way we shop. Data streaming plays a key role in all of these use cases by powering the flow of real-time data across the entire organization, to fuel next-gen customer experiences and business operations. The Data Streaming Startup Challenge will shine a light on the game-changing applications early stage startups are building. Judges in the Data Streaming Startup Challenge include: “At Sequoia, we approach investing with an eye to become a founder’s most valued partner and to dream with them on a scale of decades,” said Matt Miller, partner, Sequoia Capital. “I always keep an eye out for what we call an outlier mentality - founders that have a chip on their shoulder to do something different, solve a problem and grow through challenges. The Data Streaming Startup Challenge will bring together startups with this drive to challenge the status quo and unlock new opportunities with data streaming.” “Data streaming makes it easier for startups to turn data chaos into data products, enabling real-time processing and analysis for immediate insights,” said Tim Graczewski, Head of Confluent for Startups. “The Data Streaming Startup Challenge rewards startups that aren’t simply using Confluent Cloud, but testing the limits of how real-time data can be harnessed. I’m excited to meet more startups in the data streaming ecosystem and hear how this community of trailblazers are reimagining entire fields.” The Prizes: 1 Grand Prize: 2 Runner-ups: Top 10 Semi-Finalists: Equal weighted criteria will include, long-term business potential, concept ingenuity, integration with Confluent Cloud and the leadership team’s ability to execute. Additional requirements include a pitch deck highlighting the core value proposition, how the startup uses Confluent Cloud, and details about the current state of the business. This will also include a 5 minute demo video showcasing the startup’s application and how they use Confluent. Finally, all startups submitting will need to be an early stage entity that is less than 5 years old and has raised less than $10 million to date.Contest will showcase and reward early-stage startups that are leveraging data streaming to transform their industries
artificial intelligence 12 Sep 2023
Healthcare advertising technology leader DeepIntent announced the launch of DeepIntent Copilot, a groundbreaking step toward more integrated and intelligent healthcare advertising using connected artificial intelligence (AI). Seamlessly bridging media spend and clinical outcomes, Copilot is a new tool that works alongside marketers to offer actionable insights and recommendations that optimize marketing decisions and drive more relevant connections with patients and healthcare providers (HCPs) across the path to prescription.
Driven in part by digital access, patients are now active participants in their health journey, offering pharma marketers more opportunities to activate cohesive, data-driven strategies across patients and their HCPs. However, that data is often siloed within numerous point solutions, which makes it challenging for brands to know they're reaching the right HCP and patient audiences with maximum efficiency and performance. Additionally, their investments are equally fragmented across various channels and partners, each with nuances that often result in measurements that are too delayed to be actionable.
DeepIntent's unique ability to connect data across planning, activation, and measurement has already begun to solve these challenges. DeepIntent Copilot builds on this foundation using generative and connected AI to create an interactive experience that surfaces meaningful insights and recommendations based on real-time media data tied to clinical outcomes. The result is a platform that empowers healthcare marketers to streamline campaign activation and focus their media investments on the audiences and strategies that drive measurable growth and ultimately improve patient outcomes.
Examples of DeepIntent Copilot driving performance and efficiency include:
"AI remains artificial unless you have fully integrated data and solution connectivity, which DeepIntent's platform provides. DeepIntent Copilot marks the dawn of a new category of DSP: an intelligent DSP which supercharges all existing advantages of a healthcare DSP with AI. Our platform already allowed marketers to do it all in one place. By having AI everywhere, we simplify campaign planning and reduce the time required to achieve positive ROI by giving marketers and their agencies the tools they need to be dynamic. This allows them to detect and anticipate changes in the marketplace and adapt their campaigns and strategies in real-time," said Chris Paquette, Founder and CEO of DeepIntent.
digital marketing 12 Sep 2023
H.I.G. Capital, a leading global alternative investment firm with $58 billion of capital under management, is pleased to announce that its portfolio company, Hibu, Inc. (“Hibu” or the “Company”), has acquired the marketing technology platform, Signpost, Inc. (“Signpost”). Hibu is the leading provider of technology-enabled digital marketing solutions to small and medium-sized businesses (“SMBs”) across the United States.
Signpost’s marketing technology platform, which includes its Marketing Automation, Messaging Hub and Instant Response solutions, allows SMBs to design and deploy optimized text and email marketing campaigns, instantly respond to leads via automated text messages, manage communications across multiple platforms from an integrated messaging hub, and collect customer feedback and reviews. This one-stop marketing and communication tool empowers its clients to efficiently acquire, retain, and enhance relationships with prospective and existing customers to increase conversions from digital marketing campaigns.
Kevin Jasper, Chief Executive Officer of Hibu, commented: “We are thrilled to add Signpost's marketing automation capabilities to our existing portfolio of proprietary technology, further enhancing our ability to deliver exceptional results to our SMB customers. The acquisition will bring the full capabilities of Signpost’s advanced technology to Hibu Assistant and to the entire Hibu digital marketing platform, accelerating our product development roadmap and our plans to bring new features to market.”
Matt Gullen, Managing Director at H.I.G., said: “This acquisition provides a feature-rich and user-friendly technology that is highly complementary to Hibu, enabling it to better serve the unique needs of its SMB customers. We look forward to continuing to support Hibu’s growth journey through investments in technology that will enable the Company to continue delivering best-in-class results for customers.”
artificial intelligence 12 Sep 2023
Teradata today announced ask.ai, a new generative AI capability for VantageCloud Lake. The natural language interface is designed to allow anyone with approved access to ask questions of their company’s data and receive instant responses from VantageCloud Lake, the most complete cloud analytics and data platform for AI. By reducing the need for complex coding and querying, ask.ai can dramatically increase productivity, speed and efficiency for technical users and expands analytic use to non-technical roles, who can now also use Teradata’s powerful, cloud-native platform to sift through mountains of data and draw insights. The increased use of data and analytics via VantageCloud Lake can drive breakthrough innovations that positively impact business results. The mainstreaming of natural language interfaces has set new expectations for the ability to gather, understand and use information, even within complex enterprise environments and outside of traditional technical roles. Implementing these generative AI capabilities and expanding access can save employee time and improve productivity. Generative AI tools are only as useful as an enterprise’s underlying analytic capabilities and quality of the data sets. The harmonized data approach and rich in-database analytics that Teradata provides in VantageCloud Lake is designed to ensure that ask.ai delivers accurate and comprehensive results, enabling trusted cloud analytics for more confident decision-making at every level. “Teradata ask.ai for VantageCloud Lake enables enterprises to quickly get to the value of their data, wherever it is, and democratizes AI and ML,” said Hillary Ashton, Teradata’s Chief Product Officer. “Teradata was recently called out by Forrester for its strong vision and strategy that includes AI/ML at scale* and now Teradata ask.ai takes this even further with a dramatic improvement in productivity and ease of use. Enterprises choose Teradata’s open and connected platform which empowers AI and ML at massive scale, harmonizes data, and delivers a price-per-query advantage.” VantageCloud Lake’s generative AI capabilities in ask.ai enable employees with approved access, from any function and at any level, to analyze and visualize data, analyze metadata, map tables for joining, generate code and more. Even technical experts should experience benefits: system administrators can save time and increase productivity by simply asking questions, and data scientists may see accelerated development and productivity by eliminating the need to manually write code. For every scenario and role, Teradata’s strong governance capabilities are designed to ensure appropriate access and security. Key use cases include:The new natural language interface, now in private preview, delivers the ease of use required to democratize cloud analytics for increased agility, faster innovation and better decision-making
artificial intelligence 12 Sep 2023
Coveo , a leader in AI platforms that enable individualized, connected, and trusted digital experiences at scale with AI search, GenAI answering, and AI recommendations today announced that Coveo Relevance Generative AnsweringTM is now live across Coveo’s own customer self-serve experiences: in-product help, documentation and community, showcasing a connected generative experience across multiple touchpoints and secure sources of content. To develop this best-in-class GenAI offering, Coveo is currently working with 20 design partners, such as Informatica, Synopsys, VMware, Xero, and Zoom, as well as 25 additional customers in its advisory group.
“For more than a decade, Coveo has been focused on deploying AI with hundreds of leading global enterprises,” said Patrick Martin, General Manager, Service at Coveo. “The go-live of Coveo Relevance Generative Answering is the latest step in this journey. This capability addresses the changing expectations in employee and customer experiences by offering them solutions to help them better self-serve, obtain immediate and accurate advice, and gain stronger proficiency. We want companies to not only be able to leverage GenAI technology but also to thread it into their entire digital journeys so they can deliver the customer and employee experience outcomes they want to achieve, from increasing CSAT to lowering cost to serve.”
Coveo Relevance Generative AnsweringTM is a powerful and natural extension of Coveo's market-leading AI platform, combining Large Language Model (“LLM“) technology with its secure indexing and AI relevance capabilities. It is built for customer and employee experiences, at scale. Coveo's generative answering is accurate, trusted, and ready for enterprises.
Removing silos, and managing complexity and compliance from enterprise generative answering
After more than a decade of experience helping enterprises with unifying content securely, expanding connectivity across tech stacks, and leveraging use-case specific AI, Coveo is in a unique position to deliver secure and relevant generated answers to large enterprises. Coveo's foundation of secure connectivity, indexing, search and AI has made it possible to personalize anonymous and authenticated sessions along entire digital journeys, while managing content access via permissions. Coveo embeds generative answering across the customer experience, allowing enterprises to generate answers across multiple touchpoints, from any source of structured or unstructured content, all with one AI platform.
As "Customer Zero", Coveo has enabled Relevance Generative Answering across its in-product help, documentation, and community. Search and generative answering cannot operate as separate silos; Coveo Relevance Generative Answering bridges the gap to deliver a unified and consistent user experience through:
customer experience management 12 Sep 2023
Sinch , which powers meaningful conversations between businesses and their customers through its Customer Communications Cloud, today announced its global launch of SMS for Zoho Desk, which extends Sinch MessageMedia's industry-leading, two-way SMS capabilities. Deepening existing, highly-rated integrations with the Zoho Suite — SMS for Zoho Desk by Sinch MessageMedia enables customer service teams to easily manage and quickly address customer inquiries from a centralized platform, cutting down on response times and improving customer satisfaction.
"Customer service teams are integral to the success of a business — no matter the size. They shouldn't be bogged down by siloed messaging channels, which makes it harder to support customers and frustrating for everyone involved," said Sean O'Neal, President, SMB, Sinch. "We are proud to add to our robust portfolio of over 85 integrations with SMS for Zoho Desk by Sinch MessageMedia, fulfilling service teams' need for centralized, real-time conversational messaging and supporting the full customer journey — from marketing and sales, to service and support."
Customer service interactions can make or break customer relationships or a brand's reputation, with direct impacts to companies' bottom lines. Research from Sinch MessageMedia finds that customers are 82% more likely to have a favorable impression of a brand simply by being able to engage in two-way conversations.
SMS for Zoho Desk by Sinch MessageMedia empowers businesses to take their customer support to the next level. Seamless, one-to-one conversational messaging directly within Zoho Desk eliminates the need for support teams to juggle multiple platforms, and instant, automated responses free agents up to focus on more complicated customer queries. The result: reduced strain on staff and faster ticket times.
artificial intelligence 12 Sep 2023
Blackstraw AI, an enterprise-grade AI Solutions Provider, is pleased to announce the successful achievement of Microsoft's Solutions Partner Designation for Data & AI (Azure) and Digital & App Innovation (Azure) in the new Microsoft Cloud Partner Program.
Blackstraw AI, an enterprise-grade AI Solutions Provider, is pleased to announce the successful achievement of Microsoft's Solutions Partner Designation for Data & AI (Azure) and Digital & App Innovation (Azure) in the new Microsoft Cloud Partner Program. The new Solutions Partner designation provides benefits to Blackstraw and its clients through partner-only access to the latest Microsoft offerings, technical and deployment support, and training opportunities. With expertise in leveraging Microsoft Fabric, Azure Synapse Analytics, Azure Data Lake, Azure Data Factory, and Power BI, Blackstraw excels in designing and implementing tailored Microsoft data and analytics solutions.
The Microsoft Solutions Partner designation demonstrates Blackstraw's technical capabilities, experience, and ability to deliver successful customer outcomes aligned to the Microsoft Cloud, with the focus on data and analytics. To earn a designation, Blackstraw had to pass a series of all-new Microsoft certification exams, achieve customer success measures, and meet new customer performance targets. The Data & AI Azure designation recognizes Blackstraw's success in delivering solutions for clients in the areas of:
As Microsoft Consulting Partners, Blackstraw will accelerate AI-driven innovation for clients across industries on Microsoft Azure Cloud. Blackstraw's in-depth knowledge and deep expertise in helping enterprise customers modernize and democratize their Data and AI footprint at scale are valuable for the partnership with Blackstraw.
We're excited to be among some of the first partners to achieve the new Microsoft Data and AI Azure Solutions Partner Designation since the program's launch, which will further enhance the support we can offer clients," said Atul Arya, CEO of Blackstraw. "By combining the power of Microsoft Azure Cloud Platform and Blackstraw's advanced AI/ML capabilities, our teams will empower customers to leverage data-driven MLOps and enable enterprise AI success."
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