OCA Ventures’ Post

Hyperscale data analytics company Ocient announced this morning a $49.4 million extension to its Series B, funding that will help the company expand its energy efficient database software into the utility sector. Amy Francetic, co-founder and managing general partner of Buoyant Ventures, which invested in Ocient, said, regarding Ocient’s move into utilities: “Ocient is typically winning customers by competing against a solution provider that the customer is already using.” Ocient CEO Chris Gladwin said that the company is able to reduce energy consumption by 90%, compared to typical hyperscale data analytics systems, by reducing the total number of servers and by using a form of zero copy integration to ensure data accuracy and reliability. Data center load growth has been an object of concern over the last couple years, and utilities have their eyes on how to reduce energy demand even as demand for AI and other high-computing soars: https://lnkd.in/es-tdHAv

Successful organizations start with a plan that includes- Defining goals and objectives, Gathering relevant data, Analysing and Evaluating, Implementing and proper Monitoring, and finally Reacting and Adjusting as per the market shift. Organizations begin with a list of priorities in order to achieve strategic business goals and critical results. This is the plan. Its objectives guide is finding how resources are allocated throughout the organization, from costs to expenses to human capital to capacity, and more. Decisions must be made based on historical facts in order to create feasible targets, budgets, and timeframes. For example, if a company wants to boost output by 5% to meet a 5% increase in demand, it can study the prior year's production data and modify the appropriate inputs to inventory and staffing to achieve this 5% increase. Will extra equipment be required, as well as additional personnel, to meet this increase? Is it still profitable to boost output with these fresh investments? To answer these issues and deploy the necessary resources, historical data must be reliable and available to decision-makers. When data is kept in diverse forms in various locations with no access or protection, availability is difficult. Best-in-class organizations are investing in integrated planning practices and advanced analytical capabilities to augment human intelligence. Analysts agree that best-in-class organizations are investing in continuous integrated planning and analysis: •      Connecting: 43% of best-in-class organizations can connect and analyze financial and operational data (Aberdeen: Unifying workforce planning behind a single system of truth: A fresh look, June 2021) •      Extending: 70% of new FP&A projects will become continuous integrated planning and analysis projects by 2024 (https://lnkd.in/dTm7M8KH) •      Infusing: 50% of organizations are planning to leverage artificial intelligence (AI) in the coming years and 70% of these companies are rating the value delivered during the planning process as Very High or High (https://lnkd.in/d97MFTWw) Planning isn't just for Finance. All departments and disciplines, including operations, sales, marketing, human resources, and others, require quick, flexible planning and analysis. Tools that provide insight and aid in performance management are required. See how Solar Coca-Cola transformed its spreadsheet-based planning process into a continuous, integrated planning platform using the IBM Planning Analytics Solution: https://lnkd.in/dthw_NFU #businessandmanagement #financeandeconomy #planningandanalytics

🌱 Exciting News for Data Center Professionals! 🌱 Regulation 2023/1542 is here, and it's not just about compliance – it's an opportunity to lead in sustainability! With proactive steps and the right tools, like Sunbird's DCIM software, we can navigate regulations while advancing environmental goals. Are you prepared? #DataCenter #Sustainability #RegulatoryCompliance #SunbirdDCIM https://lnkd.in/g3i7Kecm

Hear from industry professionals at PDAC who understand the value of getting the right information to the right people and how it’s changed their business. Getting the right information to the right people isn’t easy. As data sources multiply and volumes explode, it’s harder than ever. acQuire provides strategic software solutions that enable data professionals working with the earth’s resources to manage increasingly complex data and turn it into valuable insights. Unlock confident decision-making using acQuire’s data management software for geoscience, environmental, and social impact data. https://lnkd.in/gnAJP_qh #acQuire #datamanagement #complexdata #geosciencedata #environmentaldata #socialcompliancedata

Wipunen Incrementum Capital Selects ESGTech for ESG Data Management We are delighted to announce that Wipunen Incrementum Capital (WIC), a forward-thinking fund manager, committed to sustainable business practices, has chosen ESGTech's platform, #ESGManage, to help manage their portfolio of companies. "We are excited to collaborate with ESGTech in our journey towards responsible and sustainable business operations. The decision to implement ESGManage aligns with our commitment to managing our portfolio companies' data efficiently and in accordance with the highest industry standards," said Mr Linus Stigsby, CEO of WIC. WIC recognizes the critical importance of robust data management in today's dynamic business landscape. In selecting ESGManage, WIC aims to enhance its ability to effectively oversee and optimize the operational performance of its diverse portfolio companies. "We are honoured to be chosen by WIC as their ESG data management provider. ESGTech is committed to supporting organizations like WIC in their pursuit for optimisation and heightened data quality. Our ESGManage platform is designed to streamline the complexities of data management, enabling organizations to make informed decisions and drive positive impact," said Mr Andrew Gazal, CEO of ESGTech. ESGTech is dedicated to providing innovative and cost-effective ESG solutions, and the selection by WIC underscores the platform's ability to meet the diverse needs of companies managing a wide array of assets. This client relationship exemplifies a shared commitment to advancing ESG principles and underscores the growing importance of robust ESG data management in the corporate world. Together, WIC and ESGTech are poised to contribute to a more sustainable and responsible business ecosystem. #esg #esgtech #sustainability #datamangement #privateequity #fundmanagement

Today, AI-powered digital transformation and sustainability are necessities for the utilities sector. Although 82% of executives recognize it as essential to their strategy, only a fifth (20%) of companies have completed their digital transformation journey. Respondents are split on where ownership should lie (22% reference the CFO, while the same percentage cite the CTO). That’s according to new research by IFS, the leading technology innovator in cloud and Industrial AI software. The company polled 863 C-level executives and VPs from utilities companies around the world, including the Middle East.

EVORA Global Managed Data Services Powered by METRY! 🏢 In today’s dynamic real asset investment landscape, harnessing comprehensive and accurate data is crucial for informed decision-making. Traditional data solutions often result in unreliable or incomplete data, hindering accurate analysis and strategic planning, and fail to address the unique challenges faced by real asset professionals. Enter EVORA Global Managed Data Services, powered by METRY, a cutting-edge data solution that redefines the way businesses access, utilise and report on data. Our advanced data acquisition and validation processes ensure the relevance, accuracy, and reliability of your data, providing a solid foundation for critical decision-making. Through seamless integration and tailored configuration, we empower organisations to leverage data effectively, enhancing confidence in reporting and driving sustainable growth. • Effortless collection.  • Reliable data. • AI-enabled solutions.  • Global reach. 🔗 Want to learn more? Visit our website or reach out directly to discuss how we can help you transform your data strategy. #DataManagement #ManagedServices #Innovation #BusinessGrowth #DataSecurity Metry

Big Data Management: Empowering Sustainable Logistics with Data-Driven Operation Optimization: It finds that by optimizing the operation model and other means, big data effectively improved logistics efficiency. Simultaneously, intelligent ... #bigdata #cdo #cto

Sphera holds a strong position as a market leader for carbon management software in the Verdantix Green Quadrant Enterprise Carbon Management 2023 report, which aims to help organizations better understand the market evolution of the carbon management software ecosystem by taking a deep dive into the current software platform offerings. The report evaluated 19 software firms on 12 capability and 6 market momentum categories. In the report, Sphera: - Leads for capabilities. - Earned a perfect score for product strategy, which examines a vendor’s carbon management strategy for the next two to five years and product roadmap. - Received top scores for net-zero strategy development, data management, data acquisition and Scope 3 data aggregation.     Download the report to learn more about Sphera’s key strengths and differentiators: https://bit.ly/49lLDws #CarbonAccounting #NetZero #Sustainability

3 Data-Driven Pain Points the Energy Sector Can’t Ignore ⚠️🛢️ 1️⃣ Data Overload With high volumes of resource exploration, power generation, and distribution data, oil and gas companies face the daunting task of processing massive datasets efficiently For example, inefficient data processing can lead to delays in identifying potential drilling sites, setting back exploration 2️⃣ Security Concerns Protecting proprietary formulas, resource locations, and personally identifiable information (PII) can pose a significant challenge in the energy industry, especially with the plethora of data sources and silos developed within a large company Failure to adequately safeguard PII and proprietary data puts companies at risk of data breaches and compromises their competitive advantage 3️⃣ Data Management Complexity Standardizing data, metadata, and application platforms becomes increasingly difficult, especially during mergers and acquisitions, necessitating robust data integration and master management (MDM) solutions Without effective data management practices, companies can struggle to leverage their disparate datasets, hindering operational efficiency and decision-making 🎯 IRI Voracity is a comprehensive management platform for energy sector data Voracity's data manipulation, masking, metadata, and munging frameworks address: → Data integration & governance concerns → Support data fabric & mesh analytic objectives → Help ensure data integrity & privacy law compliance enterprise-wide Don't let data challenges slow you down. ⚡ Experience the power of Voracity with our free demo today: https://lnkd.in/g8vBH-SS #IRI_Voracity #EnergySector #DataChallenges #BigData #DataManagement #DataSecurity #FreeDemo #DataIntegrity #DataAnalytics #DataProtection