DataStax has acquired
Kaskada, a machine learning (ML) company that first solved managing, storing and accessing time-based data to train behavioral ML models and
deliver the instant, actionable insights
that fuel artificial intelligence (AI).
Both DataStax
and Kaskada have a track record of contributing to open source communities.
Datastax will open source the core Kaskada technology initially, and it plans
to offer a new machine learning cloud service later this year.
Most machine learning initiatives don't deliver the results that
businesses need because the process is manual, complex and frustrating.
Compounding this problem, many models underperform because they lack the
relevance and context of real-time data. The addition of Kaskada to DataStax's portfolio of
cloud services-which today includes the massively scalable Astra DB database-as-a-service built on Apache Cassandra and event streaming with Astra Streaming- will give organizations a single environment to easily and cost-effectively deliver
applications infused with real-time AI, using an advanced ML/AI model proven by
industry leaders such as Netflix and Uber.
"Businesses
must operate in real time, using data to power
operations and fuel instant, informed decisions and actions," said Chet Kapoor,
DataStax chairman and CEO. "DataStax has many customers already using real-time data, and with
Kaskada as part of our services portfolio, we can give them the opportunity to
use that data to create powerful experiences for their customers with real-time
AI. It's an exciting time for DataStax, and we have a clear new mandate:
real-time AI for everyone."
"Many companies struggle to see success with their big data projects
because they don't have the luxury of large ML and data engineering
organizations-the cost is large and the time to impact is long," said Davor Bonaci, Kaskada CEO.
"We're thrilled to join forces with DataStax to enable the real-time AI stack
that just works, fueled with data from Astra DB."
AI at
Scale: Game-changing potential, but hard to achieve
According to Gartner,
"By 2027, over 90% of new software applications that are developed in the
business will contain ML models or services as enterprises utilize the massive
amounts of data available to the business. These models will add data-driven
intelligence to applications by integrating models that deliver next best
actions, forecasts, scoring, risk assessment and many other attributes for both
customer and employee transactions."
Yet many organizations have found it challenging to integrate this
intelligence into their operational applications.
Matt Aslett, vice president and research director at Ventana Research noted: "The emergence of
intelligent applications infused with personalization and artificial
intelligence impacts requirements for operational data platforms to support
real-time analytic functionality. The need for real-time interactivity means
that these applications cannot be served by traditional processes that rely on
the batch extraction, transformation and loading of data from operational data
platforms into analytic data platforms for analysis. Instead, they rely on
analysis of data in the operational data platform to accelerate decision-making
or improve customer experience. High costs, complexity and scaling issues have
been roadblocks to many organizations in achieving dynamic, real-time
intelligence in their operational platforms."
The Kaskada
technology is designed to process massive amounts of event data as streams or
stored in databases and its unique time-based capabilities create and update
features for ML models based on sequences of events, or over time. It enables
customers to adapt to rapidly evolving content and asynchronously creates
features, allowing applications to use millions of predictions based on unique
contexts.
"In
e-commerce, you must be able to instantaneously act on insights to provide
customers with the most impactful experiences; and that requires the
application of machine learning on real-time transactions," Martin Brodbeck, CTO at Priceline. "We have
millions of customers using our website and mobile apps at any given moment and
Astra DB is a powerful component of the Priceline data infrastructure. Our
machine learning algorithms use massive data troves to provide valuable
customer insights, greater personalization, and better travel recommendations,
fueling our larger customer ecosystem."
DataStax has launched a new look and feel for the company as part of
their evolution to becoming the real-time AI company delivering a high-scale
database, advanced event streaming and now real-time AI that helps customers build fast and scale
without limits. The company logo and overall corporate identity have been
refreshed with new colorways and treatments which have just rolled out.