The role of data modernization and AI in transforming business data analytics

Business analytics firms such as QlikTech International AB are currently having extensive conversations with their customers about data modernization.

This is a conversation about the old, the new, and the future of how data is used in modern enterprises. Qlik’s conversations with customers often start with a simple question.

“What do we do with the data?” asked Qlik CEO Mike Capone (pictured, left). “Data is not the old way of being stuck in an old database in a warehouse, but a new, real-time way right now to improve employee and customer experiences. is what you are talking about.”

Capone spoke with theCUBE industry analysts Dave Vellante and Lisa Martin at the QlikWorld event during an exclusive broadcast at theCUBE, SiliconANGLE Media’s live streaming studio. He joined Crawford Del Prete (pictured), president of International Data Corp., to discuss key trends in the business’s data analytics market and his recent acquisition of Qlik. (*disclosed below)

AI and applications

With a business focused on data analytics, Qlik is able to capitalize on the growing interest in AI brought about by the introduction of open tools such as ChatGPT. ChatGPT has been extensively trained using large language models. According to Del Prete, the key is language modeling at scale and working with app-driven business applications.

“People think of these large language models as separate from their applications, and I think that’s a completely wrong way of thinking,” he said. “A language model at scale is for making better decisions in your applications. Companies with Qlik can present data (with better analytics) and understand where they can make better decisions. From there you can.

This AI, coupled with application data and decision-making, requires companies to integrate platforms like Qlik into their enterprise workflows. Del Prete believes one of the areas where this use will become more apparent is in closing deals.

“This is about making better decisions in your workflow,” he said. “Basically, do you have any additional recommendations for closing deals on the part of the AI?” This is where we start evolving. “

In January, Qlik announced its intention to acquire data integration provider Talend Inc. The acquisition will enable Qlik to enhance its analytics capabilities by adding his Talend data fabric and self-service data pipeline development capabilities.

“From day one at Qlik, Talend was on our list of companies that we thought would be great partners,” says Capone. “What Talend brings is data transformation. You can actually transform the data you’re processing and make your business great. It’s the type of acquisition we want to make.”

This is a full video interview and part of the QlikWorld event by SiliconANGLE and theCUBE.

(* Disclosure: QlikTech International AB sponsored this segment of theCUBE. Neither Qlik nor any other sponsor has the authority to edit theCUBE or SiliconANGLE content.)

Photo: Silicon Angle