We are here with the 8th edition of our MDS newsletter series. We are getting amazing responses across all channels. Thanks a lot for your love & support😍
We are coming with some cool updates on MDS very soon, so stay tuned!
Let's jump straight to this week's newsletter contents.
Featured category this week - 'Metrics Store'
Metrics are the most crucial part of the data-driven business world. Everything that you measure is some sort of metric.
These metrics are usually scattered over different data tools and it takes time to access them for analysis.
Enter the "Metrics Store".
A metrics store is a centralized and governed place for organizations to store key metrics. It is like creating a repository so that you can use those key metrics as and when you want.
Featured tools this week
Here are this week's featured companies from the Modern Data Stack.
Databricks is an open and unified data analytics platform for data engineering, data science, machine learning, and analytics. From the original creators of Apache SparkTM, Delta lake, MLflow, and Koalas.
Adverity is an intelligent marketing analytics platform for data-driven marketing, sales, and eCommerce teams.
Good reads and videos
Keep pace with the latest developments in the modern data stack. Always be learning!
Bita Motamedian: In her article, Bita has discussed in-depth, how abandoning data leads to data silos within data-driven organizations. She has also talked about the ways to eliminate these data silos in order to build cross-functional alignment in a hyper-growth company. Here's the full article: Overcoming Data Silos
Cartelis: In this article, the writer has briefly described how organizations of different scales can set up an open-source modern data stack that suits their specific needs and benefits them. Here's the full article: Setting up an open-source modern data stack
João Santiago: ML can do wonders, but the results that we yield won't be satisfactory if the ML models are not fed correctly. In his article, João has discussed how using a "Feature Store" one can unlock the data value. Here's the full article: Unlocking our data with a feature store
Lily Chang: In her blog, Lily has explained how Policygenius build a data warehouse on Google cloud that scaled with the growing business. She mentioned the problem & pain points of the previous data warehouse setup and how the new solution helped in eliminating these issues. Here's the full article: Building a Data Warehouse on Google Cloud Platform That Scales With the Business
Latest funding news
The latest happenings in the VC world for data stack companies.
Thoughtspot raised a $100M Series F funding round! Now valued at $4.2 B.
This round of funding was led by March Capital along with previous investors Capital One, General Catalyst, Khosla Ventures, Lightspeed, Sapphire Ventures, and others. Here is the announcement.
Kleene picked up £10.5M in Series A funding!
The investment was led by Octopus Ventures, one of the largest European VCs along with participation from existing investors Superseed Ventures and Episode 1 Ventures. Here is the news.
Cascade Labs raised $5.3M in seed round for its no-code data automation platform!
Redpoint Partners, Susa Ventures, and a number of angel investors were participants in this round. Here is the full article.
Upcoming data stack events & webinars
Upcoming conferences, summits, and webinars for you. Start networking!
AI & Big Data Expo is organizing an Artificial Intelligence & Big Data Conference & Exhibition event on 23-24th November 2021 at the RAI in Amsterdam! Also, they will be hosting a virtual show on the 30th November – 1st December where users can access it online.
Learn the next-gen technologies and strategies from the world of Artificial Intelligence & Big Data. Explore and discover the practical and successful implementation of AI & Big Data in driving forward your business in 2021 and beyond.
Here is the link to register.
Synergo is organizing Data Management Summit 2021 in Milan on 23th November (Italian)! This summit is for Data Scientists who want to implement emerging technologies to solve new technological challenges and align with new business opportunities.
Get the full details of this summit here.
Trending on Twitter
What's trending on Twitter in the Data Stack world!
Just for fun
If you've made it this far, you deserve a meme😄
If you enjoy this newsletter, please forward it to your friends who dig the 'Modern Data Stack' movement! (or you can just send them this link).
Have suggestions? Contact us here!