Reltio, a company that serves enterprises with data-powered insights and recommendations via a cloud-based platform, has raised $45 million in a series D round of funding led by New Enterprise Associates (NEA), with participation from Sapphire Ventures, Crosslink Capital, and .406 Ventures. Founded in 2011, Reltio’s “self-learning” platform takes company data from multiple sources, such as social media, internal transactions, and digital interactions, then combines these myriad datasets to create new applications and help firms garner a more holistic view across of their data. For example, by analyzing data from across the company, sales and marketing teams can better predict where there may be new leads, for example, with Reltio suggesting recommended actions. Above: Reltio Prior to now, Reltio had raised $72 million, including its $40 million series C round last April, and with its latest cash injection it said that it plans to expedite its … [Read more...] about Reltio raises $45 million for enterprises to gain insights from their data
(in)Secure is a weekly column that dives into the rapidly escalating topic of cybersecurity. Data is valuable. In fact, some economists say data is the most valuable commodity in the world, even surpassing oil. That fact was quoted by ex-director at Cambridge Analytica, Brittany Kaiser, who spoke on April 18, 2018, at a press conference in New York for a new initiative on data privacy. The organization she’s advising is called IOVO, the Internet of Value Omniledger, and it goes against nearly everything she worked for at Cambridge Analytica. Despite Kaiser’s questionable reputation, the new platform she’s championing offers an eye-catching vision of a future where advertisers pay you to view ads, not the other way around. Yet important questions remain. Is Kaiser someone to be trusted? And is this really the internet we want? Who does data belong to? Kaiser was clear about her opinions on privacy and data today. She spent most of her opening remarks at the IOVO press … [Read more...] about Cambridge Analytica’s ex-director wants to fix data privacy. Can we trust her?
Let’s fast forward to 2020. A combination of class action lawsuits and tough regulation across the globe following the Cambridge Analytica scandal has led to the break-up or collapse of the digital behemoths. The remaining digital brands are constrained by stringent regional regulations that place social good and consumer protection on an equal footing with creating shareholder value. Consumers are now firmly in control of their personal data and in shaping the data economy. The regulatory push was rushed and painful and made a few investors extremely unhappy, but collectively we’re now in a much better place. Here’s why: 1. Consumer champions rule Consumer advocacy is becoming big business with B-Corporation mentality replacing the discredited Silicon Valley “today’s creepy is tomorrow’s necessity” startup culture. That doesn’t mean we can’t be commercial. For a fee, professionally trained and highly regulated personal data brokers … [Read more...] about Life after data regulation: What a post-Facebook world might look like
Together with social, mobile and cloud, analytics and associated data technologies have emerged as core business disruptors in the digital age. As companies began the shift from being data-generating to data-powered organizations in 2017, data and analytics became the center of gravity for many enterprises. In 2018, these technologies need to start delivering value. Here are the approaches, roles and concerns that will drive data analytics strategies in the year ahead.Data lakes will need to demonstrate business value or dieData has been accumulating in the enterprise at a torrid pace for years. The internet of things (IoT) will only accelerate the creation of data as data sources move from web to mobile to machines."This has created a dire need to scale out data pipelines in a cost-effective way," says Guy Churchward, CEO of real-time streaming data platform provider DataTorrent.For many enterprises, buoyed by technologies like Apache Hadoop, the answer was to create data lakes … [Read more...] about 6 data analytics trends that will dominate 2018
March 8 is International Women’s Day. To celebrate, TNW ran a series of profiles highlighting innovative companies led or founded by inspirational women. Orit Hashay, CEO of online lingerie retailer Brayola, grew up in an ultra-orthodox family in Petah Tivka, Israel. Her deeply religious upbringing was a million miles from New York City’s fast-paced startup world, but that didn’t stop her from launching a business that looks set to dominate a market projected to be worth $55 billion by 2024. At 15, she left her ultra-orthodox world for a secular education. “I trained as a software developer and, over the course of 10 years, launched mit4mit, an Israeli consumer wedding services reviews site; Ramkol, Israel’s leading local reviews site; and Vetrinas, a virtual window on hundreds of stores worldwide,” she tells me This journey took her to the next logical step in her entrepreneurship journey, and she joined Israeli VC firm Carmel Ventures (now Viola … [Read more...] about How this Israeli entrepreneur built a big data-powered bra empire