MongoDB (MDB) Sees a More Significant Dip Than Broader Market: Some Facts to Know

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


$1000 Invested In MongoDB 5 Years Ago Would Be Worth This Much Today By Benzinga

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2007-2024 Fusion Media Limited. All Rights Reserved.

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


Challenging Previous Theory: Mantle Heat Rejuvenated Earth’s Crust 3 Billion Years Ago

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Zircon Embedded in Granitoids

To learn more about the history of Earth’s crust, researchers studied particles of zircon embedded in granitoids (seen here under a microscope) from China’s southwest Yangtze Block. Credit: Wei Wang

Information from igneous zircon molecules gives researchers new insight into the workings of the inner Earth.

Little is known about the nature and evolution of Earth’s continental crust before a few billion years ago because cratons, or stable swaths of the lithosphere more than 2–3 billion years old, are relatively rare.

Zircon’s Role in Geological History

However, cratons are home to tiny particles of zircon, which contain multiple isotope systems such as uranium, hafnium, oxygen, or lead and offer one way of looking billions of years into the past.

Detrital zircons, found in sediment that has been weathered out of rock, can hold more continuous records of Earth’s history than igneous zircon formed from molten rock or magma. But because detrital zircons lack the petrogenetic information about the source rocks they came from, they may suggest artificially young ages as well as incorrect hafnium isotopes for ancient rocks.

In a new study, scientists focused on intact igneous zircon.

Historical Isotope Fluctuations and Geological Theories

Previous research suggested that during the transition from the Paleoarchean to Mesoarchean era, around 3 billion years ago, there was an increase in hafnium isotopic ratios located in both detrital and igneous zircons.

This increase is thought to be a result of crustal rejuvenation, in which newer magma is injected into older crustal rocks. It is widely theorized that this increase also marks the transition from an immobile crust and mantle to a period of more volatile plate movement.

Challenging Traditional Geological Beliefs

The new study, which examined igneous zircon and other geochemical properties of granitoid rock in China’s southwest Yangtze Block, a craton dated as being more than 3 billion years old, challenges this theory. Researchers suggest that the crustal rejuvenation occurring globally in this era was a result of increased mantle temperatures rather than widespread tectonic activity.

Implications for Continental Crust Development

Data gleaned from analyzing the isotopes in igneous zircon suggested that younger magma flowed into the existing continental crust, causing mantle rock to melt and hot magma to pool at the crust-mantle boundary. Some of this partially melted magma would have cooled into granitoids like those in the southwest Yangtze Block. This process may have played a significant role in continental crust growth and offers new possible explanations for the origins of the tectonic configurations of the Earth we know today.

Reference: “Continental Crust Rejuvenation Across the Paleo-Mesoarchean Transition Resulted From Elevated Mantle Geotherms” by Gui-Mei Lu, Yi-Gang Xu, Wei Wang, Christopher J. Spencer, Guangyu Huang and Nick M. W. Roberts, 10 April 2024, Geophysical Research Letters.
DOI: 10.1029/2024GL108715

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


After bootstrapping for five years, Instruqt raises a €15M Series A from Blossom Capital

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Netherlands-based Instruqt has a product allowing companies to more easily test how new software would run inside their organization. After bootstrapping its way to growth, it has now raised €15 million in a Series A round led entirely by Blossom Capital.

It’s much easier to sell a software product into a company if they can see how it will run inside the organization in a live manner. So some startups have appeared where they run their SaaS product inside a sort of sandbox, so that the client company can see how it might work, without having to be fully deployed. Instead of brow-beating buyers why they should purchase their products, the platform puts buyers in the driver’s seat to experience a product hands-on. This mean the client gets a working demo of the product, without needing to commit a lot of time and resources, or perhaps even signing a contract. That’s a much more powerful way of selling a product compared to a theoretical “demo” which might look and sound good, but may end up being a a total disaster in practice. Some examples of companies offering products in this area are CloudShare, Skillshare and ReadyTech.

Founded in 2018, Instruqt says it is in use by companies such as RedHat, MongoDB, Datadog and HashiCorp. They use it to build so-called “self-service demos” and free test drives for prospects.

The company is led by CEO Coert Baart alongside co-founder and CTO Adé Mochtar. Baart was previously co-founder of XebiaLabs, which was sold in 2020 to TPG Capital for an undisclosed amount.

Baart said in a statement: “Having been bootstrapped since day one, it was always going to take a VC who truly understood our vision for us to take outside capital.”

“Instruqt hits the sweet spot for buyers and sellers alike when it comes to tackling the key challenges faced in all sizes and sectors of business,” added Ophelia Brown, founder and managing partner at Blossom Capital.

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


Fact Checks: Have Electric Vehicles Sales Really Stalled? – CleanTechnica

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!


Transportation has a brutal effect on greenhouse gas emissions — at 29%, greater than any other sector of the economy, including industry. Transportation electrification is essential, and the IEA 2024 Global EV Outlook report notes that electric vehicles (EVs) continue to make progress towards becoming a mass market product in a number of countries. The total number of EVs on the road worldwide has risen to 40 million, and there are almost 10 times as many private chargers as public ones, with most owners charging at home. So, why do we keep hearing about the pervasive consumer malaise around EV consumption? It’s time for some fact checks.

Over the past 12 months, we have all heard about how the slowing EV market. There is no reason to panic, though. The industry is following the natural product acceptance process, also known as the “adoption curve.” EV adoption rates experience highs and lows; these are to be expected. This major shift in the way we think of and use personal transportation is happening quickly, and it’s unsettling for humans — we just don’t like change.

However, to proclaim that the EV revolution is over is not only premature — it is just plain wrong.

Let’s look at some of the claims about the fall in EV popularity among consumers by zeroing in on a Yahoo! finance article about consumer reluctance to purchase EVs. The generally reliable media outlet seems not to have owned up to the nuances around EV ownership potential in 2024.

Fact check: Yahoo! finance claims that rising inflation is a major factor that inhibits consumers from buying EVs. But the US 6-month trimmed mean personal consumption index inflation rate is at 3.02%, compared to 3.15% last month and 4.54% last year. This is lower than the long-term average of 3.04%. Plus, the 2022 Inflation Reduction Act has several elements within it that have reduced EV prices for a whole new audience of EV buyers — I know, I just received $3980 from the IRS for purchasing the used 2017 Chevy Bolt I added to our EV collection last summer.

Fact check: Yahoo! finance adds that the reluctance of consumers remains a major hindrance in EV sales growth. Is the fault with consumers who hesitate, or is it automakers who are doing the EV slow-walk? The Sierra Club conducted a 2023 survey that revealed that 66% of dealerships had no EVs available for sale. Even more concerning, 45% of these dealerships indicated that they would not offer an EV even if they had the opportunity. Perhaps that’s because EVs diminish the profit margins of car dealerships, as buyers need fewer service visits due to the reduced number of EV moving parts. Also, automotive showrooms are filled with salespeople who lack knowledge about EVs, and dealerships aren’t ready to be transparent about EV benefits and educate their sales staff to better serve all customers.

Fact check: Yahoo! finance insists that dealerships are having trouble selling EVs because of a huge influx of new models and options. Add to that after-sales complaints, which usually involve charging problems and battery issues. The reality is that EV brands top the charts for owner satisfaction. Also, limiting sales, automakers keep focusing on premium, luxury vehicles instead of manufacturing affordable commuter cars. Analysts believe EVs are still on path to overtake combustion engine cars in the long term. Data from Motor Intelligence shows that EV sales in the US increased by 47% in 2023 and that growth clearly surpassed the growth of conventional car sales.

The Essence behind the EV Misinformation

Those of us who have made the transition from internal combustion engine (ICE) to electric-powered drivetrains tend to love our new wheels. Of course, we have made concessions. It must be said that the convenience of a reliable fueling station on every corner is no longer a given. We may charge at a neighbor’s place and buy the neighbors tickets to a show as a thank you. We may eat at a particular restaurant because it’s in a location with a charging station. We must plan our routes on longish trip, taking into account proximity to charging stations; we must build in more time to account for charging, especially if our capacity isn’t that fast or there isn’t a fast charger available.

But we adapt to the contextual constraints, knowing that we have a more reliable, high-tech, and planet-loving vehicle than ever before.

BloombergNEF calculates that 30% of the new vehicle market spends less than $35,500 on a new auto purchase. A $25,000 Tesla would be cheaper than 95% of new cars bought in the US last year and would stabilize US automakers abroad, where Tesla and other companies are confronting the real competition of Chinese companies like BYD. Several more affordable models are set for US release in 2024, such as the Chevrolet Equinox EV and Volvo EX30, but it may still be a few years before every automaker has one or more lower priced options.

Imagine what the effect will be when more consumers are able to afford an EV.

Final Thoughts

The IRA has had a huge impact both in the US and abroad. Along with the Bipartisan Infrastructure Law, the legislation has helped spur tens of billions of dollars of investment toward a domestic EV and battery supply chain and has triggered competitive responses from a variety of auto industry interests.

Yet false claims about EV demand, reliability, and performance are circulating widely, and consumers who are the target audience for EV misinformation possess a lack of familiarity with EVs as a result. Take rural drivers, for example: it is more challenging for rural drivers to separate fact from fiction as they consider purchasing an EV, and that turns into their uncertainty about what an electric transportation future looks like.

The US has hit the “tipping point” of 5% sales, but that trend didn’t tip the way other countries did. According to our own CleanTechnica analyses, 7.2% of 2023 auto sales were fully electric auto sales and 7.8% of Q4 2023 auto sales were fully electric auto sales.

While there are some serious challenges surrounding EVs — such as the need to build out the nation’s charging infrastructure — leading forecasters agree that EV sales and market share will continue to grow in 2024. As our chief editor at CleanTechnica, Zachary Shahan, writes, “While there’s a lot of hype claiming that EV sales are dropping, or at least that EV sales are not growing by as much as they were, it’s clear that the electric vehicle market is making fast strides upward.”

It’ll help, Zach says, when Tesla lowers Model Y and Model 3 prices (as it has been doing), as he suspects those price adjustments will spur EV sales trends to change in kind.


Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.


Latest CleanTechnica.TV Video

Advertisement



 


CleanTechnica uses affiliate links. See our policy here.


Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


This Heavy Duty E-Cargo Bike Has 2 Cubic Meters Of Payload Space & Can Haul 800+ Pounds

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!


Electric cargo bikes are evolving and improving rapidly these days, especially on the commercial and fleet side of things, where increased payload volume and carrying capacity are key, as well as stability, safety, and dependability for daily use. Many of these new ‘professional’ e-cargo bike platforms are coming out of Europe right now, such as Cologne, Germany’s 4-wheeled AN.T. CARGO:4, which sports some impressive specs.

There’s a world of difference between one of today’s consumer e-cargo bikes, which are great for hauling groceries or gear or kids around town, and a commercial-grade e-cargo bike that can haul hundreds of pounds of cargo day in and day out. It seems like we either need to have a better term for those ‘professional’ logistics machines (cycle trucks or cycle vans maybe?), or rename all of the consumer versions from e-cargo bikes to ‘utility’ e-bikes, just so we don’t lump them all in together. Semantics, amirite?

In any case, the heavy duty CARGO:4 from AN.T. GmbH is not very creatively named, but it is a rugged little vehicle that is sized to fit a Euro pallet in its two cubic meters of payload space, while its cargo capacity is more than 800 pounds (380 kg). To be able to handle the demands of continuous commercial use, many of the components on the CARGO:4 are not standard bicycle components, with the “durable and low-wear components” such as the wheels, brakes, and chain coming from the scooter industry, and the axles from the auto industry.

The CARGO:4 can be configured in different ways, such as having an enclosed cargo box on the rear or being capable of swapping out cargo boxes on the fly or having a flatbed in the rear, etc., with or without weather protection for the driver, and with either a mid-motor or hub motor, both employing a Pinion transmission. Having a neutral and reverse gear on a heavy duty e-cargo bike is a must in most use cases, as is an emergency brake, which the CARGO:4 does.

Aside from all of the consumer-focused last-mile delivery applications where the CARGO:4 could be employed, this e-cargo platform also looks to be an excellent fit for campus-based businesses and locations such as factories, where getting products, parts, and equipment to where they’re needed indoor or out is a constant demand. There are no noxious emissions or noise, so the CARGO:4 can pretty much go anywhere it will fit, making them a good option for maintenance or cleaning services, for the handyman and building trades, in and around airports and warehouses and mailrooms, etc., and I expect we’ll be seeing a lot more of these types of commercial-grade e-cargo bikes in action all over the place in coming years.

The CARGO:4, which was developed on behalf of the ZEG Group, isn’t the first e-cargo bike to come out of b&p engineering mobility GmbH, as there is the 3-wheeled AN.T. CARGO:3 (below) that has a unique pivot/steering setup, and the INVELO:4, which also has its own website. It might be worth paying attention to what b&p is working on in e-bike engineering and development as we move ever closer to cleaner greener transport and logistics solutions.

AN.T. CARGO:3

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.


Latest CleanTechnica.TV Video

Advertisement



 


CleanTechnica uses affiliate links. See our policy here.


Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


Illinois Municipal Retirement Fund Takes Position in MongoDB, Inc. (NASDAQ:MDB)

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Illinois Municipal Retirement Fund purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,556 shares of the company’s stock, valued at approximately $636,000.

A number of other hedge funds also recently made changes to their positions in MDB. Oak Thistle LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $259,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of MongoDB by 1.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,100 shares of the company’s stock valued at $5,222,000 after acquiring an additional 200 shares during the period. Accurate Wealth Management LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $251,000. Robeco Institutional Asset Management B.V. increased its stake in shares of MongoDB by 2,134.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company’s stock valued at $11,528,000 after acquiring an additional 31,840 shares during the period. Finally, Xponance Inc. grew its position in MongoDB by 2.0% in the third quarter. Xponance Inc. now owns 9,405 shares of the company’s stock worth $3,253,000 after buying an additional 187 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the completion of the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the transaction, the chief executive officer now owns 198,166 shares in the company, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

MongoDB Trading Down 3.1 %

Shares of NASDAQ:MDB opened at $371.94 on Tuesday. The firm has a fifty day moving average of $377.74 and a two-hundred day moving average of $391.13. MongoDB, Inc. has a 12-month low of $215.56 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDBGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDB. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. UBS Group restated a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Tigress Financial lifted their price target on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, Loop Capital began coverage on shares of MongoDB in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

View Our Latest Stock Report on MDB

About MongoDB

(Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


OpenAI Releases New Fine-Tuning API Features

MMS Founder
MMS Anthony Alford

Article originally posted on InfoQ. Visit InfoQ

OpenAI announced the release of new features in their fine-tuning API. The features will give model developers more control over the fine-tuning process and better insight into their model performance.

The updates include the ability to create a model checkpoint after every training epoch during fine-tuning, compute metrics over the entire validation dataset, and integrate with 3rd-parties such as Weights and Biases. Besides changes to the API, OpenAI also updated the fine-tuning dashboard, giving developers more control of training hyperparameters and jobs as well as better insight into metrics. The model playground now has a side-by-side model comparison feature that allows users to enter a single prompt and compare the output of different standard and fine-tuned models. Finally, OpenAI announced an update to their Custom Model program: assisted fine-tuning, where OpenAI’s team works with an organization to help fine-tune a model. According to OpenAI:

We believe that in the future, the vast majority of organizations will develop customized models that are personalized to their industry, business, or use case. With a variety of techniques available to build a custom model, organizations of all sizes can develop personalized models to realize more meaningful, specific impact from their AI implementations. The key is to clearly scope the use case, design and implement evaluation systems, choose the right techniques, and be prepared to iterate over time for the model to reach optimal performance.

Although foundation models such as GPT-3.5 and GPT-4 can perform well on a variety of tasks “out of the box,” a fine-tuned model can provide better performance on specific tasks, or can be made to “exhibit specific ingrained behavior patterns.” Further, since these models often require less verbose prompts, they can operate with lower cost and latency. InfoQ covered the initial launch of OpenAI’s fine-tuning API in 2023. Since then, OpenAI claims that it has been used to train “hundreds of thousands of models.”

OpenAI announced their Custom Model program at their 2023 Dev Day. In this program, “selected” organizations can work with OpenAI’s researchers to modify any step of the training process to produce a bespoke model for the organization “from scratch.” OpenAI claims that one customer in this program built a custom model that showed an “83% increase in factual responses.” The new service announced for the program doesn’t build a completely new model. Instead, it offers customers fine-tuning features not available in the API, including “bespoke parameters and methods to maximize model performance.”

In a Hacker News discussion about the release, one user pointed out:

Btw, if you’ve tried fine-tuning OpenAI models before January and came away unimpressed with the quality of the finished model, it’s worth trying again. They made some unannounced changes in the last few months that make the fine-tuned models much stronger. That said, we’ve found that Mixtral fine-tunes still typically outperform GPT-3.5 fine tunes, and are far cheaper to serve.

OpenAI’s YouTube channel includes a talk from the 2023 Dev Day that compares different performance-improving techniques, including fine-tuning and prompt engineering, given by the engineering lead of their Fine-Tuning Product. The OpenAI docs also offer suggestions on alternatives to fine-tuning, including prompt engineering and function calling.

About the Author

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


Catalyzing Change in Software Organizations: Find Allies, Invite People, and Sustain Engagement

MMS Founder
MMS Ben Linders

Article originally posted on InfoQ. Visit InfoQ

Much of the change we experience in our software organizations is coercive. Software engineers, architects, and sometimes even people in software engineering management roles feel they cannot spark change without formal authority, Eb Ikonne mentioned at QCon London 2024. To catalyze change, he suggested identifying allies, inviting people to participate in the change, and creating and sustaining engagement through storytelling.

Ikonne mentioned that people tend to believe they cannot initiate change in their groups without formal authority and power over others:

We are told that we must do X, Y, or Z, and it’s implied that the consequences for not going along will be negative. No one really cares to consider what we think about said change.

After a while, we believe that the change can only happen this way, Ikonne argued. We then proceed on a mission to accumulate positional power so we can also cause change to happen this way. In doing so, we continue the cycle of coercive change and perpetuate this belief.

Ikonne explained how he took on a managerial leadership role for a software engineering team, after some success as a software engineer, because he thought the only way to make things happen within the team was to force change on people:

I was fortunate to have team members respond negatively to my approach and not lose my job. The lessons I learned from that experience made me reflect on and challenge my beliefs about change.

That change must be done coercively is a tacit assumption many people hold deeply within software development organizations, Ikonne said. Hence, attempts to have software development teams adopt new practices, tools, or technologies are often coercive, even when people don’t recognize the coercive nature of the change they’re initiating, he added.

Ikonne stated that people who don’t have much formal authority and power-over others in the organization, which is often the case for many software engineers, architects, and similar roles, believe they cannot spark change in their group. Even people in software engineering management positions believe their ability to catalyze change is limited to the groups they control.

To non-coercively catalyze change in groups, you want to identify allies, invite people to participate in the change, and create and maintain engagement through storytelling regardless of where you’re an architect, software engineer, or some other role on the team, as Ikonne argued:

In my experience, multiple people think the group or organization will benefit from change. If you’re a software developer who thinks your team will benefit from adopting a new set of design patterns, look for others who think the same way.

Or maybe you’re a team lead and think there is a more effective way to discuss technical challenges. Identify teammates who share your opinion.

Ikonne stated, “When it comes to group change, if you want to go fast and far, you must go with others.”

Demonstrating expertise is a fantastic way to expand and grow your informal authority, Ikonne said. For people in a software engineering context, like software engineers and architects, this means developing subject matter expertise in one or more areas of your work:

Become someone that people go to when they have questions. Always be willing to help others.

Informal authority isn’t something you can demand from others, Ikonne said. People have to give it to you because they respect you and what you’re about. The better your relationships are with people, the better your chances of expanding your informal authority within your organization, Ikonne said. If you want to catalyze change non-coercively, you need informal authority, he concluded.

InfoQ interviewed Eb Ikonne about catalyzing change and expanding informal authority.

InfoQ: How do you catalyze change in software organizations in the absence of formal authority and power over people?

Eb Ikonne: It’s not as much about the absence of formal authority and power-over people as it is about not relying on these organizational resources to cause change.

I’ve always found other people who think we’d be better off making the changes I’m thinking about. Engaging other software engineers, architects, etc in the change endeavor and having them champion the change in the networks creates a cascade of change within the group.

InfoQ: How can storytelling engage people into change?

Ikonne: To give an example, I’ve shared with a software engineering team how another team facing similar challenges adopted new technical practices (for example, committing to the main branch) and how those practices helped them overcome their challenges. This kind of story inspires and engages.

InfoQ: How can tech people expand informal authority within groups and organizations?

Ikonne: There are several ways to expand your informal authority, but investing in developing healthy relationships with people is fundamental. If more people did this, i.e., focused on their relationships, our workplaces would be radically different. I firmly believe this.

Take the time to get to know the people you work with regardless of their position in the organizational hierarchy. Invite people to chat over tea or lunch. Talk about shared interests you might have. To borrow from Martin Buber, move beyond the transactional I-It relationships- seeing people as objects- to an I-Thou relationship that sees people for the humans they are.

About the Author

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.


SQL Vector Databases Are Shaping the New LLM and Big Data Paradigm – The New Stack

MMS Founder
MMS RSS

Posted on nosqlgooglealerts. Visit nosqlgooglealerts

<meta name="x-tns-categories" content="AI / Data / Large Language Models“><meta name="x-tns-authors" content="“>

SQL Vector Databases Are Shaping the New LLM and Big Data Paradigm – The New Stack

Terraform or Bust?

Has your organization used or evaluated a Terraform alternative since new restrictions were placed on its licensing?

We have used Terraform, but are now piloting or using an open source alternative like OpenTofu.

0%

We never used Terraform, but have recently piloted or used alternatives.

0%

We don’t use Terraform and don’t plan to use or evaluate alternatives.

0%

We use Terraform and are satisfied with the results

0%

We are waiting to see what IBM will do with Terraform.

0%

2024-04-29 12:29:20

SQL Vector Databases Are Shaping the New LLM and Big Data Paradigm

sponsor-myscale,sponsored-post-contributed,

Combining vector databases with SQL can provide the accuracy and performance required to build modern production-level GenAI applications.


Apr 29th, 2024 12:29pm by


Featued image for: SQL Vector Databases Are Shaping the New LLM and Big Data Paradigm

Featured image by Tim Johnson on Unsplash.

The rise of powerful large language models (LLMs) like GPT-4, Gemini 1.5 and Claude 3 has been a game-changer in AI and technology. With some models capable of processing over 1 million tokens, their ability to handle long contexts is truly impressive. However:

  1. Many data structures are too complex and constantly evolving for LLMs to handle effectively on their own.
  2. Managing massive, heterogeneous enterprise data within a context window is simply impractical.

Retrieval-augmented generation (RAG) helps address these issues, but retrieval accuracy is a major bottleneck for end-to-end performance. One solution is integrating LLMs with big data through advanced SQL vector databases. This type of synergy between LLMs and big data not only makes LLMs more effective but also enables people to gain better intelligence from big data. Moreover, it further reduces model hallucination while providing data transparency and reliability.

Current State of Vector Databases

As the cornerstone of RAG systems, vector databases have developed rapidly in the past year. They can generally be categorized into three types: dedicated vector databases, keyword and vector retrieval systems, and SQL vector databases. Each has advantages and limitations.

Types of vector databases

Specialized Vector Databases

Some vector databases (like Pinecone, Weaviate and Milvus) are designed specifically for vector search from the outset. They exhibit good performance in this area but have somewhat limited general data management capabilities.

Keyword and Vector Retrieval Systems

Represented by Elasticsearch and OpenSearch, these systems are widely used in production due to their comprehensive keyword-based retrieval capabilities. However, they consume substantial system resources, and the accuracy and performance of keyword and vector hybrid queries are often unsatisfactory.

SQL Vector Databases

A SQL vector database is a specialized type of database that combines the capabilities of traditional SQL databases with the abilities of a vector database. It provides the ability to efficiently store and query high-dimensional vectors with the help of SQL.

Two major SQL vector databases are illustrated in the figure above: pgvector and MyScaleDB. Pgvector is a vector search plugin for PostgreSQL. It is easy to get started with and useful for managing small data sets. However, due to Postgres’ row storage disadvantages and vector algorithm limitations, pgvector tends to have lower accuracy and performance for large-scale, complex vector queries.

MyScaleDB is an open source SQL vector database built on ClickHouse (a columnar storage SQL database). It is designed to provide a high-performance and cost-effective data foundation for GenAI applications. MyScaleDB is also the first SQL vector database to outperform specialized vector databases in overall performance and cost-effectiveness.

MyScale benchmarks vs. competitors

Source: MyScale GitHub

The Power of SQL and Vector Joint Data Modeling

Despite the emergence of NoSQL and big data technologies, SQL databases continue to dominate the data management market half a century after SQL’s inception. Even systems like Elasticsearch and Spark have added SQL interfaces. With SQL support, MyScaleDB enables high performance in vector search and analytics.

In real-world AI applications, integrating SQL and vectors enhances data modeling flexibility and simplifies development. For instance, a large-scale academic product uses MyScaleDB for intelligent Q&A over massive scientific literature data. The main SQL schema includes over 10 tables, several with vector and keyword-based inverted index structures, connected via primary and foreign keys. The system handles complex queries involving structured, vector and keyword data and joined queries across multiple tables. This is a challenging task for specialized vector databases, which often leads to slow iteration, inefficient querying and high maintenance costs.

SQL vector database schema

The main SQL vector database schema of a large-scale academic product supported by MyScale (columns in bold have associated vector indexes or inverted indexes).

Improving RAG Accuracy and Cost-Efficiency

In real-world RAG systems, overcoming retrieval accuracy (and the associated performance bottlenecks) requires an efficient way to combine querying of structured, vector and keyword data.

For instance, in a financial application, when users query a document database asking, “What was the revenue of in 2023 globally?” structured metadata like “” and “2023” may not be captured by semantic vectors or present in consecutive text. Vector retrieval across the entire database can yield noisy results, reducing final accuracy.

However, information such as company names and years can often be obtained as document metadata. Using WHERE year=2023 AND company LIKE "%%" as filtering conditions for vector queries can precisely pinpoint relevant information, significantly increasing system reliability. In finance, manufacturing and research, we have observed SQL vector data modeling and joint querying to improve precision from 60% to 90%.

While traditional database products have recognized the importance of vector queries in the LLM era and started adding vector capabilities, there are still significant issues with the accuracy of their combined queries. For example, in filter-search scenarios, Elasticsearch’s queries per second (QPS) rate drops to about five when the filtering ratio is 0.1, and PostgreSQL with the pgvector plugin has an accuracy of only about 50% when the filtering ratio is 0.01. This demonstrates unstable query accuracy and performance that greatly limit their usage. In contrast, SQL vector database MyScale achieves over 100 QPS and 98% accuracy in various filtering ratio scenarios, at 36% of the cost of pgvector and 12% of the cost of Elasticsearch.

MyScale, pgvector, Elasticsearch precision

LLM + Big Data: Building a Next-Generation Agent Platform

Machine learning and big data have fueled the success of web and mobile apps. But with the rise of LLMs, we’re shifting gears to build a new breed of LLMs with big data solutions. These solutions unlock key capabilities for large-scale data processing, knowledge retrieval, observability, data analysis, few-shot learning and more. They create a closed loop between data and AI, forming the foundation for a next-gen LLM + big data agent platform. This paradigm shift is already underway in sectors like scientific research, finance, industry and healthcare.

MyScale architecture

With the rapid development of technology, some form of artificial general intelligence (AGI), is expected to emerge within the next five to 10 years. Regarding this issue, we must ask: Do we need a static, virtual model, or another more comprehensive solution? Data is undoubtedly the important link connecting LLMs, users and the world. Our vision is to organically integrate LLMs and big data to create a more professional, real-time and collaborative AI system, which is also full of human warmth and value.

You are welcome to explore the MyScaleDB repository on GitHub and leverage SQL and vectors to build innovative, production-level AI applications.

YOUTUBE.COM/THENEWSTACK

Tech moves fast, don’t miss an episode. Subscribe to our YouTube
channel to stream all our podcasts, interviews, demos, and more.

Group
Created with Sketch.

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.