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DELL FURTHER DEMOCRATISES ADVANCED ANALYTICS WITH LATEST RELEASE OF STATISTICA

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  • Enhanced offering provides citizen data scientists with streamlined data prep and analytic workflows for greater ease of use and increased efficiency
  • New release features edge scoring capability to address nearly all IoT analytics use cases
  • Latest version extends in-database analytics to multiple platforms including Apache Hive, MySQL, Oracle, and Teradata, while adding network analytics for easier fraud detection 

Dell today announced a major new release of its award-winning Statistica advanced analytics platform, Dell Statistica version 13.1. This latest version delivers a host of capabilities designed to empower citizen data scientists, help organisations better address growing IoT analytics requirements, and better leverage increasingly heterogeneous data environments. New features include functionality to help citizen data scientists easily prepare structured and unstructured data, the ability to deploy analytics on devices and gateways anywhere in the world for edge scoring, and the extension of in-database analytics capabilities to platforms such as Apache Hive, MySQL, Oracle, and Teradata.

Advanced analytics continue to gain traction as a primary means through which organisations understand and predict customer behaviour, optimise and validate critical business and manufacturing processes, and drive innovation to gain competitive advantage. According to Gartner, “by 2018, more than half of large organisations globally will compete using advanced analytics and proprietary algorithms, causing the disruption of entire industries1.” Gartner also predicts that by 2020, “predictive and prescriptive analytics will attract 40 percent of enterprises’ net new investment in business intelligence and analytics[i].”

With the latest enhancements to Dell Statistica 13.1, companies can better cope with the worldwide shortage of traditional data scientists, manage the complexities of modern IoT environments, and address the proliferation of new data sources and data types.

Streamlined workflows for citizen data scientists

The latest release of Statistica offers a set of new capabilities designed to meet the specific needs of the modern “citizen” data scientist. As the global need for traditional data scientists far outpaces the available supply, these citizen data scientists – everyday, non-technical users who are embedded in the line of business – will increasingly become the driving force behind analytics initiatives. Dell Statistica 13.1 addresses this emergent need with new data preparation functionality built specifically for the citizen data scientist that simplifies the preparation of structured and unstructured data.

In tandem with Statistica’s Reusable Process Templates, it’s now easier than ever for users to share and distribute analytic workflows with non-technical users. With Statistica, traditional data scientists can build analytic models and workflows once, and non-technical business analysts can reuse those workflow templates repeatedly within the organisation. This eliminates redundancy and allows business users to efficiently use analytics to solve real business problems without the technical expertise traditionally required.

Edge scoring for IoT analytics

When used in combination with Dell Boomi, Statistica now gives users the ability to deploy “analytic atoms” on any edge device or gateway, including the Dell Edge Gateway 5000 Series, anywhere in the world. This edge scoring capability enables organisations to address nearly any IoT analytics use case by running analytic workflows directly at the edge of the network where data is created. This not only eliminates the effort and expense required to stream massive amounts of IoT data to a central analytic repository, but it allows for immediate action to be taken at the point of impact in response to data insights.

Expanded in-database analytics for complex data environments

The new release also extends the Statistica Native Distributed Analytics Architecture (NDAA) capability to deliver in-database analytics to an even wider range of databases. In addition to Microsoft SQL Server, Statistica users can now perform in-database analytics on Apache Hive (on Spark), MySQL, Oracle, and Teradata. The use of in-database analytics improves analytic and network performance by allowing users to carry out intensive computations directly within the source systems. This enables organisations to leverage the compute power of Hadoop clusters, database appliances and other high-performance platforms, while reducing network traffic by eliminating the time-consuming process of moving massive amounts of data across the network.

Network analytics for enhanced fraud detection

Statistica now also features new network analytics capabilities that enable users to combine the power of predictive analytics with human expertise to better detect fraud and understand relationships within complex networks. Network analytics allows users to look at problems in new ways by visualizing entity relationships and viewing graphical association maps.

Additional features of Dell Statistica 13.1 that simplify and enhance the delivery of advanced analytics include:

  • Improved visualization dashboards, enabling users to easily visualize the results of any analytic node and tie process-specific visualizations to the top level of MAS dashboards
  • An upgraded Web UI that allows users to distribute analytic outputs with a modern look and feel in any web browser
  • Enhanced validated data entry, ensuring that individuals relying on manual data entry can build data quality into the point of collection so it can be trusted for robust analytics

Availability

  • Dell Statistica 13.1 is available now worldwide

Supporting Quote:

John K. Thompson, general manager, Dell Statistica

“Dell believes the two greatest challenges organisations face with respect to analytics are the explosive growth of IoT infrastructures and the dangerous worldwide shortage of data scientists. With the latest release of Dell Statistica, we’ve moved aggressively to help customers address both of those challenges. We’ve rapidly evolved Statistica from a solution that meets the needs of traditional data scientists into one that now also meets the needs of everyday citizen data scientists. In addition, we’ve taken the lead on enabling IoT analytics by empowering organisations to flip the traditional analytic model on its head and deliver predictive algorithms and edge scoring directly to the source of data.”

[i] Source: Gartner, “Magic Quadrant for Advanced Analytics Platforms,” February 2016

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Bitcoin, ether hit fresh highs

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Bitcoin, ether hit fresh highs 1

SINGAPORE (Reuters) – Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.

The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year.

Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12%.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Ether futures contracts launched on derivatives exchange CME earlier this month.

(Reporting by Vidya Ranganathan; Editing by William Mallard)

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World Bank pushing for standard vaccine contracts, more disclosure from makers

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World Bank pushing for standard vaccine contracts, more disclosure from makers 2

By Andrea Shalal

WASHINGTON (Reuters) – The World Bank is working to standardize COVID-19 vaccine contracts that countries are signing with drug makers, and is pushing manufacturers to be more open about where doses are headed, as it races to get more vaccines to poor countries, the bank’s president said on Friday.

World Bank President David Malpass told Reuters he expected the bank’s board to have approved $1.6 billion in vaccine funding for 12 countries, including the Philippines, Bangladesh, Tunisia and Ethiopia, by the end of March, with 30 more to follow shortly thereafter.

The bank is working with local governments to identify and fill gaps in distribution capacity, after they purchase vaccines under a $12 billion World Bank program, and also to standardize the contracts they are signing with manufacturers, he said.

The bank’s International Finance Corp, its private financing arm, has $4 billion to invest in expanding existing production plants or building new ones, including in developed countries, but needs more data on where current production is headed, he said.

“We are eager to be investing in new capacity, but it’s hard to do because you don’t know how much of the existing capacity is already committed to the various off-takers,” Malpass said in an interview with Reuters. New or expanded plants could be used to produce other types of vaccinations in the future, he said.

The bank’s funds could be used to expand plants in advanced economies, if the production was earmarked for developing nations, he said.

Malpass welcomed Friday’s pledge by the Group of Seven rich countries to intensify cooperation on the pandemic, saying it could help jump-start deliveries of vaccines to poorer countries, which are lagging far behind rich countries in getting shots in arms.

Data compiled by Our World In Data, a scientific online publication, showed Israel was leading the world in COVID-19 vaccinations, with nearly 82 of 100 people vaccinated, while India and Bangladesh reported less than one person per 100, Many African countries have not started at all.

Malpass said he was heartened by news about new vaccines coming down the road, and about Pfizer Inc and BioNTech SE seeking permission to store their vaccine at higher temperatures, which would ease another obstacle to deliveries in lower-income countries.

(Reporting by Andrea Shalal; Editing by Heather Timmons and Leslie Adler)

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Google to evaluate executive performance on diversity, inclusion

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Google to evaluate executive performance on diversity, inclusion 3

By Paresh Dave

(Reuters) – Alphabet Inc’s Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist.

Timnit Gebru, co-leader of Google’s ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign.

Alphabet and Google Chief Executive Sundar Pichai ordered a review of the situation. While Google declined to share specific findings, the company announced on Friday it will engage human resources specialists during sensitive employee departures.

Pichai in June said that by 2025, Google aims to have 30% more of its leaders come from underrepresented groups, with a focus on Black, Latinx and Native American leaders in the United States and female technical leaders globally. About 96% of Google’s U.S. leaders at the time were white or Asian, and 73% globally were men.

As a result of the investigation, the company also expanded a commitment announced in June to devote more resources to retaining and promoting existing employees, including by expanding a team addressing disputes among workers and their managers.

The diversity component of executive performance reviews was not previously announced, and the company did not immediately share details about what would be measured and how pay would be affected.

Alphabet for years had rejected proposals from shareholders and employees to set diversity goals and tie executive pay to them.

Irene Knapp, a former Google employee who advocated for one such proposal at a 2018 shareholder meeting, said on Friday, “I am pleased that they met our demand from 2018, which was a bare minimum that should have been easy to do immediately.”

Evaluating managers on diversity goals is becoming more commonplace. McDonald’s Corp on Thursday tied executive bonuses to diversity.

(Reporting by Paresh Dave; Editing by Cynthia Osterman)

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