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Are you in charge of team projects that have strict due dates? If so, then you know how hectic project management can be at times, especially if you don’t have a centralized platform to keep track of your tasks. Manually creating and updating checklists and spreadsheets is time-consuming and confusing, especially if you have a large team.
That’s not to mention how difficult communication can be if you use email. Before you know it, you’ll have 15 email threads to keep up with, as well as loads of time-tracking spreadsheets for each team member.
These frustrations are a big reason why project management software is so prevalent today, with literally dozens of apps available for keeping track of projects, tasks, and teams.
Out of all the platforms out there, ClickUp and Trello are two of the most popular choices for both small and large companies. Trello is a task management powerhouse that uses kanban boards to visualize workflows, and ClickUp is a fierce newcomer taking over the project management space by storm.
Yet, how do you know which one is right for your business?
After all, while the programs have a few similarities in some areas, they are drastically different platforms that offer unique advantages for certain types of businesses. That’s why I’m comparing ClickUp vs. Trello to see which program offers the best features, customer support, and pricing — so read on to learn more.
Trello was first imagined in 2011 as a list-making and collaboration tool by the New York software company, Glitch. Trello became an official company in 2014 and was bought by Australian software leaders Atlassian (creators of Jira) in 2017.
Trello is an extremely user-friendly tool that primarily uses kanban boards to organize projects, tasks, subtasks, and deadlines. It boasts an intuitive interface that’s clean and easy to get used to – even without the use of a tutorial.
While there isn’t an abundance of features, that only adds to Trello’s simplicity and ease of use, which is one of its most significant selling points. There’s also a razor-sharp focus on the features Trello does have, which are quite powerful and refined.
It’s the equivalent of a restaurant that only offers a few menu items but really knocks those dishes out of the park as a result.
Yet, there’s no denying that Trello lacks the more in-depth project management features of other apps like ClickUp and Asana. For example, Trello lacks advanced features like task dependencies, inputting budget data, and data visualizations beyond the board view (i.e., calendar view, Gantt charts, etc.).
While Trello lacks more advanced features in its original version, there are ways to add extra features and functionality to it through power-ups.
What are those?
They’re Trello’s version of add-ons that add new features such as Gantt charts, a file viewer, calendars, threaded comments, and many more.
While it is handy that you can beef up Trello in this fashion, there are two things to note here.
First, a majority of these power-ups require paid subscriptions, which ends up making Trello cost more (even if you’re using the free version). While the occasional power-up won’t damage your budget much, they start to add up after using more than a few.
What’s worse is that most of these power-ups are already existing features for other platforms, such as ClickUp and Asana.
Next, only some power-ups come from the official team at Trello. A majority of the power-ups come from third parties, which can be hit-or-miss in terms of quality. As a rule of thumb, if you’re going to download any Trello power-ups, make sure they’re from Trello’s team. If not, read lots of user reviews to ensure that it’s a quality add-on.
ClickUp views itself as the newcomer and the underdog in the project management software space, but that doesn’t mean they’re losing the race.
Quite the opposite, in fact, as ClickUp has quickly become one of the most popular (and highly reviewed) project management tools in use today.
The team behind ClickUp took a unique approach to the software, as they view it as a WorkOS (workplace operating system) more than a project management software.
As such, ClickUp has some of the most intricate and advanced features, such as digital whiteboards, mind maps, budget data, and 2-factor authentication, to keep all your data safe. To quote the company, they position themselves as ‘the one app to replace them all,’ which is certainly a testament to their ambition.
Despite its robust features, ClickUp manages to remain user-friendly and easy to understand, which is definitely a plus. While there is a bit of a learning curve at first, you should get the hang of the platform after viewing a few tutorials (and its free demo video).
A huge win for ClickUp is its fantastic free version, as it contains many perks that other programs include in paid plans, such as automation and 24/7 customer support.
The platform is capable of accommodating small teams with a singular project, as well as larger teams with multiple projects that require dependencies.
The primary building blocks of ClickUp are workspaces, spaces, and lists. This forms a hierarchy that contains all its project management solutions and tools that are easy to understand.
ClickUp is also highly customizable, so you’ll be able to manage your projects however you want instead of having to stick to a rigid formula.
Much like Trello, ClickUp also has add-ons that connect new features and functions to the program. Instead of power-ups, ClickUp calls them ClickApps, and they add things like custom task IDs, tags, custom fields, and collaborative editing.
Unlike Trello, ClickUp comes with many advanced features in its base version (even its free version). As such, the add-ons here are a bit more in-depth than Trello.
For instance, Trello has power-ups for features already included in ClickUp, such as a calendar view and document editor. ClickUp, on the other hand, has add-ons that no other platform offers, such as screen recording and automated sprints.
Since ClickUp and Trello are both project management platforms, it’s only natural that they share many similarities.
Both programs feature tools for team collaboration, task prioritization, instant messaging, linking documents, adding images, and both feature free versions (that contain automation builders).
Yet, the two platforms share more differences than similarities, including:
ClickUp offers multiple dashboard views, including lists, calendars, boards, and Gantt charts – whereas Trello only uses kanban boards by default (Gantt charts and calendars are only possible through power-ups).
Trello’s interface is straightforward and effortless to use, with drag-and-drop controls and a singular board view. As such, users can start using it immediately, whereas ClickUp has more of a learning curve due to its more advanced features and visualizations.
ClickUp’s free plan includes almost all of its primary features, while Trello’s free version is pretty limited.
ClickUp has time tracking, task dependencies, and burndown charts, and Trello does not.
As you can see, there are quite a few ways that the platforms differ, which should factor into your decision on which to use.
ClickUp is a fantastic choice for small and large businesses due to its incredible free version and in-depth features.
The only limitation of the free plan is you can only have 5 active projects at a time. If your team regularly tackles dozens of projects at a time, you’ll need to consider one of its paid plans (which are still affordable).
While Trello’s free version isn’t as robust, its Standard plan is only $5 per month, which is one of the cheaper plans out there, as other programs like Asana charge $10+ per month. However, ClickUp’s first paid plan also runs $5, so the platforms are truly neck-and-neck in terms of pricing.
Which types of businesses will benefit from choosing Trello over ClickUp?
Trello is the way to go if you’re only after basic project management tools and you don’t want to spend a lot of time learning a new program.
That’s why loads of freelancers, entrepreneurs, and startups use Trello to keep track of their daily tasks with ease (and without the use of tutorials).
Now that you’re a bit more familiar with both programs let’s take a deep dive into the primary features of both. We’ll start with ClickUp, an extensive workplace operating system that offers:
Project and task management tools
A client portal for customer relationship management (CRM)
Team collaboration tools
Budget management
Time tracking and expense tracking
Customizable project templates
Cost-to-completion tracking
With all these features, it’s easy to see why ClickUp brands itself as a WorkOS instead of strictly a project management tool. You can use ClickUp to manage your budget, keep up with clients, track expenses, and integrate with your existing business workflows.
At first glance, ClickUp’s interface can seem a tad confusing. It’s definitely a bit overwhelming until you figure out how its hierarchy works. Once you crack it, though, it becomes a highly intuitive and user-friendly program.
Here’s a quick overview of how to make sense of the ClickUp dashboard:
The left-hand side contains the main navigation menu that allows you to view and switch between tasks, projects, and notifications.
Next to that is another menu that has your lists, folders, and spaces.
To the right is the main view, which contains your tasks, including the deadline, assignee, priority level, and any additional information (documents, attachments, links, etc.).
Above the main area is a bar that lets you switch your dashboard view. Options include a list, board, Gantt chart, and more.
That’s how the ClickUp interface works in a nutshell, and using it will become second nature after a while.
There’s also a mobile app that lets you keep track of your projects while on the go, and it contains almost all the features and views of the desktop version. Yet, the Gantt chart view is quite difficult to see on a smaller screen, so it’s best to stick to list and calendar views when on mobile.
Unlike Trello (and other platforms like Asana), ClickUp has a built-in document editor that you can use to create documents specifically for your tasks.
Most other project management solutions will require you to attach or link to external documents created in Word or Google Docs.
It’s a surprisingly robust document editor to boot, with plenty of styling options (you can even create wikis with nested pages). You can add images, embed bookmarks, create tables, and even collaborate with other team members on documents in real time.
You can also tag team members in your documents, leave them comments, and even convert text into trackable tasks and action items that you can assign to your team.
Even better, you can connect these documents to your tasks and workflows – meaning you can update statuses and assign tasks straight from the document editor.
There are even privacy controls to protect your documents, as you can easily manage permissions for guests, team members, and the public. So if you have valuable information about new products in your documents, you’ll be able to keep it private, so nothing leaks out.
Another unique feature of ClickUp is its virtual whiteboard you can use to brainstorm with your team and visualize your ideas in real time.
There’s a reason why corporate teams love to put on their thinking caps around a whiteboard. It’s because being able to draw and doodle is a fantastic way to convey your ideas visually, which others will find easier to comprehend than if you just stated them out loud.
Now you can recreate that magic in a virtual space.
Besides being able to draw, you can add sticky notes and create a mindmap for new projects and ideas.
The best project management tools are ones that can integrate with your existing toolset. ClickUp does not disappoint in this regard, as it’s able to integrate with over 1,000 apps and tools, including:
Slack
HubSpot
Zapier
DropBox
Google Drive
OneDrive
Harvest
Outlook
Zoom
Microsoft Office 365
Many others
Given the wide variety of programs ClickUp is compatible with, you shouldn’t have any trouble including it in your workflows. For instance, you can integrate Slack with ClickUp to send messages to your team from one spot.
Now let’s look at what Trello offers out-of-the-box (we won’t be looking at any power-ups).
Trello has three primary ‘building blocks,’ so to speak – its boards, lists, and cards.
Boards represent individual projects, cards represent tasks, and lists are the stages of each task. You can use this simple formula to track all projects, including straightforward day-to-day tasks.
There are also members, due dates, attachments, and checklists you can use to manage tasks.
Members are your assignees/employees, and you assign them cards (tasks) containing due dates and attachments.
You can attach PDFs, PNGs, docs, card covers (images for each task), and many more. The only limitation you’ll have is a 10 MB file limit per attachment if you’re on the free plan. If you’re a paid member, you’ll have a bit more wiggle room, with a 250 MB limit for each attachment.
Trello’s interface is its strongest selling point, as it’s extremely clean and easy to figure out. Its main dashboard contains all your boards at a glance, and there’s an ‘Add’ button for adding new projects, boards, and teams.
You can also customize the board background image and headings, granting you the freedom to set Trello up the way you want.
So if you find the default background image too distracting, don’t fret, as you can easily change it.
To check out a task, click on a kanban board to see all the tasks (cards) for that particular project.
Much like ClickUp, Trello also offers a mobile app you can use to keep track of your tasks and boards wherever you are. As a bonus, there aren’t any features that are hard to see on smaller screens, which is a plus.
Boards, cards, and lists are the primary tools Trello has to offer. A board represents a project, and you create cards to represent tasks within it.
You can also arrange the cards in a list, such as To Do, Doing, and Done, or whichever titles you prefer, as they’re all customizable.
To change the status of a card, you drag and drop it between your lists.
As stated before, it’s an extremely simple way to manage projects, yet it can be highly effective, especially for freelancers and small teams.
Due dates are project deadlines, and they show up on every card, so assignees know when they need to complete their work.
Checklists are another task management tool you can use on Trello, and they help you break larger tasks into smaller ones. For instance, a checklist can represent a series of smaller tasks that need to get done before the primary task is considered complete.
In that way, you can use checklists to make up for Trello’s lack of task dependencies, although it is a bit of a cumbersome workaround.
As far as integrations go, Trello works with over 200 apps, including mainstays like Zapier, Slack, Google Drive, and Salesforce.
A unique feature Trello has going for it is Butler, a built-in automation assistant you can program to knock out repetitive tasks automatically.
It’s no-code automation, which is great news for project managers that aren’t familiar with programming languages but would still like to automate tasks.
By using a series of rules, commands, and buttons, users can automate virtually any task within Trello, thanks to Butler’s help. It works by setting a series of conditions to trigger the automation, such as:
Automatically moving a card to ‘Complete’ once the checklist gets filled out.
Marking the due date as ‘Complete’ when a task is done.
As a bonus, Butler pays attention to everything you do within Trello. After monitoring your habits, it will suggest ways to save time by automating your most repetitive recurring tasks.
ClickUp offers outstanding customer service that’s available for all users, even ones on the free plan. Whenever you download the program, you get access to a free demo video that you can (and should) watch before getting started.
Support-wise, they offer:
An extensive knowledge base
Question & answer center (FAQs)
Instant chat (24/7 live support)
Email
As you can see, you’ll have many resources to choose from should you need help with ClickUp.
Trello’s customer support isn’t nearly as robust as ClickUp, as you can only contact their team via email on the free plan. Even on their paid versions, you only gain access to a basic knowledge base and community forum.
In this regard, ClickUp is the clear winner due to the variety of resources they provide as well as their 24/7 live support.
Now let’s take a look at the pricing plans offered by ClickUp:
Free plan. ClickUp’s free plan provides access to nearly all its features, including whiteboards, automation, and time tracking. However, it’s limited to 5 projects, 100 automation actions per month, and 100 MB of storage.
ClickUp Unlimited. At $5 per user per month, all the limitations of the free plan disappear. You also gain access to the fantastic Docs form editor, 1,000 monthly automation, and unlimited storage.
ClickUp Business. This plan runs at $12 per user per month and introduces burndown charts and custom widget builders, which is attractive for Scrum teams.
Business Plus. At $19 per user per month, this plan introduces priority support, custom role creation, and custom permissions options.
ClickUp Enterprise. The premium plan option, this plan provides onboarding assistance, the Enterprise API, unlimited custom roles, and a dedicated success manager at your disposal. Contact sales to learn more about pricing for this plan.
All ClickUp’s plans are reasonable, but most companies will opt for either the free plan or ClickUp Unlimited.
Here’s a glance at Trello’s pricing plans:
Free version. Trello’s free version includes a 10 project/board limit with a 10 MB cap on files. You can access kanban boards, cards, lists, checklists, and project templates.
Standard Plan. At $5 per month, Trello’s Standard Plan is definitely affordable, and it features unlimited projects. The file limit cap jumps to 250 MB, and you gain access to the community forum and knowledge base.
Premium Plan. This plan runs $10 per user and features Gantt charts, a calendar, subtasks, and preset charts. This plan is also the first to introduce priority support.
Enterprise Plan. This plan isn’t much different from the Premium Plan, but it includes organization-wide permissions, a single sign-on, and diverse guest access features.
Most users either use the Standard or Premium Plan to make the most out of Trello’s features.
Now that we’ve compared both platforms’ features, support, and pricing, it’s time to declare the victor.
Winner: ClickUp
There’s simply no competing with ClickUp’s incredible features, 24/7 support, and all-inclusive free version. It truly is a workplace operating system, and it’s a powerhouse for project management, no matter the size of your team.
That doesn’t mean that Trello doesn’t have its place in the project management space, just that it’s better suited for freelancers, entrepreneurs, and small teams.
Which project management software is your favorite to use? Let me know in the comments.
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Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) have earned an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $308.48.
Several brokerages have recently weighed in on ENPH. Piper Sandler upped their target price on Enphase Energy from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $321.00 to $289.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. Barclays increased their price target on Enphase Energy from $292.00 to $311.00 and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Susquehanna Bancshares downgraded Enphase Energy to a “neutral” rating and set a $365.00 price target for the company. in a report on Thursday, December 15th. Finally, Cowen increased their price target on Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total value of $11,902,541.55. Following the sale, the chief executive officer now directly owns 1,131,459 shares in the company, valued at approximately $370,722,541.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $327.65, for a total transaction of $11,902,541.55. Following the completion of the transaction, the chief executive officer now owns 1,131,459 shares of the company’s stock, valued at $370,722,541.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandy Yang sold 9,454 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $297.54, for a total value of $2,812,943.16. Following the transaction, the chief financial officer now directly owns 88,399 shares of the company’s stock, valued at approximately $26,302,238.46. The disclosure for this sale can be found here. Insiders have sold a total of 201,128 shares of company stock worth $63,385,815 in the last three months. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $28,000. Hanseatic Management Services Inc. acquired a new position in shares of Enphase Energy in the 3rd quarter valued at $34,000. Elequin Capital LP acquired a new stake in Enphase Energy during the 1st quarter worth about $26,000. GHP Investment Advisors Inc. acquired a new stake in Enphase Energy during the 2nd quarter worth about $26,000. Finally, Private Trust Co. NA boosted its position in Enphase Energy by 294.1% during the 3rd quarter. Private Trust Co. NA now owns 134 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 100 shares during the period. Institutional investors own 73.79% of the company’s stock.

Enphase Energy Price Performance

ENPH stock opened at $293.95 on Monday. The stock has a 50-day moving average price of $299.51 and a two-hundred day moving average price of $270.10. Enphase Energy has a 12-month low of $113.40 and a 12-month high of $339.92. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96. The company has a market cap of $39.95 billion, a PE ratio of 141.32, a price-to-earnings-growth ratio of 1.95 and a beta of 1.30.
Enphase Energy (NASDAQ:ENPH – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. Enphase Energy had a return on equity of 76.66% and a net margin of 14.67%. The firm had revenue of $634.71 million during the quarter, compared to the consensus estimate of $616.50 million. As a group, research analysts predict that Enphase Energy will post 3.18 EPS for the current year.

About Enphase Energy

(Get Rating)
Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Data management is the process of ingesting, storing, organizing and maintaining the data created and collected by an organization. Effective data management is a crucial piece of deploying the IT systems that run business applications and provide analytical information to help drive operational decision-making and strategic planning by corporate executives, business managers and other end users.
The data management process includes a combination of different functions that collectively aim to make sure the data in corporate systems is accurate, available and accessible. Most of the required work is done by IT and data management teams, but business users typically also participate in some parts of the process to ensure that the data meets their needs and to get them on board with policies governing its use.
This comprehensive guide to data management further explains what it is and provides insight on the individual disciplines it includes, best practices for managing data, challenges that organizations face and the business benefits of a successful data management strategy. You’ll also find an overview of data management tools and techniques. Click through the hyperlinks on the page to read more articles about data management trends and get expert advice on managing corporate data.
Data increasingly is seen as a corporate asset that can be used to make better-informed business decisions, improve marketing campaigns, optimize business operations and reduce costs, all with the goal of increasing revenue and profits. But a lack of proper data management can saddle organizations with incompatible data silos, inconsistent data sets and data quality problems that limit their ability to run business intelligence (BI) and analytics applications — or, worse, lead to faulty findings.
Data management has also grown in importance as businesses are subjected to an increasing number of regulatory compliance requirements, including data privacy and protection laws such as GDPR and the California Consumer Privacy Act (CCPA). In addition, companies are capturing ever-larger volumes of data and a wider variety of data types — both hallmarks of the big data systems many have deployed. Without good data management, such environments can become unwieldy and hard to navigate.
The separate disciplines that are part of the overall data management process cover a series of steps, from data processing and storage to governance of how data is formatted and used in operational and analytical systems. Developing a data architecture is often the first step, particularly in large organizations with lots of data to manage. A data architecture provides a blueprint for managing data and deploying databases and other data platforms, including specific technologies to fit individual applications.
Databases are the most common platform used to hold corporate data. They contain a collection of data that’s organized so it can be accessed, updated and managed. They’re used in both transaction processing systems that create operational data, such as customer records and sales orders, and data warehouses, which store consolidated data sets from business systems for BI and analytics.
That makes database administration a core data management function. Once databases have been set up, performance monitoring and tuning must be done to maintain acceptable response times on database queries that users run to get information from the data stored in them. Other administrative tasks include database design, configuration, installation and updates; data security; database backup and recovery; and application of software upgrades and security patches.
The primary technology used to deploy and administer databases is a database management system (DBMS), which is software that acts as an interface between the databases it controls and the database administrators (DBAs), end users and applications that access them. Alternative data platforms to databases include file systems and cloud object storage services, which store data in less structured ways than mainstream databases do, offering more flexibility on the types of data that can be stored and how the data is formatted. As a result, though, they aren’t a good fit for transactional applications.
Other fundamental data management disciplines include the following:
A wide range of technologies, tools and techniques can be employed as part of the data management process. The following options are available for different aspects of managing data.
Database management systems. The most prevalent type of DBMS is the relational database management system. Relational databases organize data into tables with rows and columns that contain database records. Related records in different tables can be connected through the use of primary and foreign keys, avoiding the need to create duplicate data entries. Relational databases are built around the SQL programming language and a rigid data model best suited to structured transaction data. That and their support for the ACID transaction properties — atomicity, consistency, isolation and durability — have made them the top database choice for transaction processing applications.
However, other types of DBMS technologies have emerged as viable options for different kinds of data workloads. Most are categorized as NoSQL databases, which don’t impose rigid requirements on data models and database schemas. As a result, they can store unstructured and semistructured data, such as sensor data, internet clickstream records and network, server and application logs.
There are four main types of NoSQL systems:
The NoSQL name has become something of a misnomer, though — while NoSQL databases don’t rely on SQL, many now support elements of it and offer some level of ACID compliance.
Additional database and DBMS options include in-memory databases that store data in a server’s memory instead of on disk to accelerate I/O performance and columnar databases that are geared to analytics applications. Hierarchical databases that run on mainframes and predate the development of relational and NoSQL systems are also still available for use. Users can deploy databases in on-premises or cloud-based systems. In addition, various database vendors offer managed cloud database services, in which they handle database deployment, configuration and administration for users.
Big data management. NoSQL databases are often used in big data deployments because of their ability to store and manage various data types. Big data environments are also commonly built around open source technologies such as Hadoop, a distributed processing framework with a file system that runs across clusters of commodity servers; its associated HBase database; the Spark processing engine; and the Kafka, Flink and Storm stream processing platforms. Increasingly, big data systems are being deployed in the cloud, using object storage such as Amazon Simple Storage Service (S3).
Data warehouses and data lakes. The two most widely used repositories for managing analytics data are data warehouses and data lakes. A data warehouse — the more traditional method — typically is based on a relational or columnar database, and it stores structured data that has been pulled together from different operational systems and prepared for analysis. The primary data warehouse use cases are BI querying and enterprise reporting, which enable business analysts and executives to analyze sales, inventory management and other KPIs.
An enterprise data warehouse includes data from business systems across an organization. In large companies, individual subsidiaries and business units with management autonomy may build their own data warehouses. Data marts are another warehousing option — they’re smaller versions of data warehouses that contain subsets of an organization’s data for specific departments or groups of users. In one deployment approach, an existing data warehouse is used to create different data marts; in another, the data marts are built first and then used to populate a data warehouse.
Data lakes, on the other hand, store pools of big data for use in predictive modeling, machine learning and other advanced analytics applications. Initially, they were most commonly built on Hadoop clusters, but S3 and other cloud object storage services are increasingly being used for data lake deployments. They’re sometimes also deployed on NoSQL databases, and different platforms can be combined in a distributed data lake environment. The data may be processed for analysis when it’s ingested, but a data lake often contains raw data stored as is. In that case, data scientists and other analysts typically do their own data preparation work for specific analytical uses.
A third platform option for storing and processing analytical data has also emerged: the data lakehouse. As its name indicates, it combines elements of data lakes and data warehouses, merging the flexible data storage, scalability and lower cost of a data lake with the querying capabilities and more rigorous data management structure of a data warehouse.
Data integration. The most widely used data integration technique is extract, transform and load (ETL), which pulls data from source systems, converts it into a consistent format and then loads the integrated data into a data warehouse or other target system. However, data integration platforms now also support a variety of other integration methods. That includes extract, load and transform (ELT), a variation on ETL that leaves data in its original form when it’s loaded into the target platform. ELT is a common choice for data integration in data lakes and other big data systems.
ETL and ELT are batch integration processes that run at scheduled intervals. Data management teams can also do real-time data integration, using methods such as change data capture, which applies changes to the data in databases to a data warehouse or other repository, and streaming data integration, which integrates streams of real-time data on a continuous basis. Data virtualization is another integration option that uses an abstraction layer to create a virtual view of data from different systems for end users instead of physically loading the data into a data warehouse.
Data modeling. Data modelers create a series of conceptual, logical and physical data models that document data sets and workflows in a visual form and map them to business requirements for transaction processing and analytics. Common techniques for modeling data include the development of entity relationship diagrams, data mappings and schemas in a variety of model types. Data models often must be updated when new data sources are added or when an organization’s information needs change.
Data governance, data quality and MDM. Data governance is primarily an organizational process; software products that can help manage data governance programs are available, but they’re an optional element. While governance programs may be managed by data management professionals, they usually include a data governance council made up of business executives who collectively make decisions on common data definitions and corporate standards for creating, formatting and using data.
Another key aspect of governance initiatives is data stewardship, which involves overseeing data sets and ensuring that end users comply with the approved data policies. Data steward can be either a full- or part-time position, depending on the size of an organization and the scope of its governance program. Data stewards can also come from both business operations and the IT department; either way, a close knowledge of the data they oversee is normally a prerequisite.
Data governance is closely associated with data quality improvement efforts. Ensuring that data quality levels are high is a key part of effective data governance, and metrics that document improvements in the quality of an organization’s data are central to demonstrating the business value of governance programs. Key data quality techniques supported by various software tools include the following:
Master data management is also affiliated with data governance and data quality management, although MDM hasn’t been adopted as widely as they have. That’s partly due to the complexity of MDM programs, which mostly limits them to large organizations. MDM creates a central registry of master data for selected data domains — what’s often called a golden record. The master data is stored in an MDM hub, which feeds the data to analytical systems for consistent enterprise reporting and analysis. If desired, the hub can also push updated master data back to source systems.
Data observability is an emerging process that can augment data quality and data governance initiatives by providing a more complete picture of data health in an organization. Adapted from observability practices in IT systems, data observability monitors data pipelines and data sets, identifying issues that need to be addressed. Data observability tools can be used to automate monitoring, alerting and root cause analysis procedures and to plan and prioritize problem-resolution work.
These are some best practices to help keep the data management process on the right track in an organization.
Make data governance and data quality top priorities. A strong data governance program is a critical component of effective data management strategies, especially in organizations with distributed data environments that include a diverse set of systems. A strong focus on data quality is also a must. In both cases, though, IT and data management teams can’t go it alone. Business executives and users must be involved to make sure their data needs are met and data quality problems aren’t perpetuated. The same applies to data modeling projects.
Be smart about deploying data management platforms. The multitude of databases and other data platforms that are available to use requires a careful approach when designing an architecture and evaluating and selecting technologies. IT and data managers must be sure the data management systems they implement are fit for the intended purpose and will deliver the data processing capabilities and analytics information required by an organization’s business operations.
Be sure you can meet business and user needs, now and in the future. Data environments aren’t static — new data sources are added, existing data sets change and business needs for data evolve. To keep up, data management must be able to adapt to changing requirements. For example, data teams need to work closely with end users in building and updating data pipelines to ensure that they include all of the required data on an ongoing basis. A DataOps process might help — it’s a collaborative approach to developing data systems and pipelines that’s derived from a combination of DevOps, Agile software development and lean manufacturing methodologies. DataOps brings together data managers and users to automate workflows, improve communication and accelerate data delivery.
DAMA International, the Data Governance Professionals Organization and other industry groups also offer best-practices guidance and educational resources on data management disciplines. For example, DAMA has published DAMA-DMBOK: Data Management Body of Knowledge, a reference book that attempts to define a standard view of data management functions and methods. Commonly referred to as the DMBOK, it was first published in 2009, and a second edition, the DMBOK2, was released in 2017.
Ever-increasing data volumes complicate the data management process, especially when a mix of structured, semistructured and unstructured data is involved. Also, if an organization doesn’t have a well-designed data architecture, it can end up with siloed systems that are difficult to integrate and manage in a coordinated way. That makes it harder to ensure that data sets are accurate and consistent across all data platforms.
Even in better-planned environments, enabling data scientists and other analysts to find and access relevant data can be a challenge, especially when the data is spread across various databases and big data systems. To help make data more accessible, many data management teams are creating data catalogs that document what’s available in systems and typically include business glossaries, metadata-driven data dictionaries and data lineage records.
The accelerating shift to the cloud can ease some aspects of data management work, but it also creates new challenges. For example, migrating to cloud databases can be complicated for organizations that need to move data and processing workloads from existing on-premises systems. Costs are another big issue in the cloud: The use of cloud systems and managed services must be monitored closely to make sure data processing bills don’t exceed the budgeted amounts.
Many data management teams are now among the employees who are accountable for protecting corporate data security and limiting potential legal liabilities for data breaches or misuse of data. Data managers need to help ensure compliance with both government and industry regulations on data security, privacy and usage.
That has become a more pressing concern with the passage of GDPR, the European Union’s data privacy law that took effect in May 2018, and the CCPA, which was signed into law in 2018 and became effective at the start of 2020. The provisions of CCPA were later expanded by the California Privacy Rights Act, a ballot measure that was approved by the state’s voters in November 2020 and takes effect Jan. 1, 2023.
The data management process involves a wide range of tasks, duties and skills. In smaller organizations with limited resources, individual workers may handle multiple roles. But in larger ones, data management teams commonly include data architects, data modelers, DBAs, database developers, data administrators, data quality analysts and engineers, and ETL developers. Another role that’s being seen more often is the data warehouse analyst, who helps manage the data in a data warehouse and builds analytical data models for business users.
Data scientists, other data analysts and data engineers, who help build data pipelines and prepare data for analysis, might also be part of a data management team. In other cases, they’re on a separate data science or analytics team. Even then, though, they typically handle some data management tasks themselves, especially in data lakes with raw data that needs to be filtered and prepared for specific analytics uses.
Likewise, application developers sometimes help deploy and manage big data platforms, which require new skills overall compared to relational database systems. As a result, organizations might need to hire new workers or retrain traditional DBAs to meet their big data management needs.
Data governance managers and data stewards qualify as data management professionals, too. But they’re usually part of a separate data governance team.
A well-executed data management strategy can benefit organizations in various ways:
The first flowering of data management was largely driven by IT professionals who focused on solving the problem of garbage in, garbage out in the earliest computers after recognizing that the machines reached false conclusions because they were fed inaccurate or inadequate data. Mainframe-based hierarchical databases became available in the 1960s, bringing more formality to the burgeoning process of managing data.
The relational database emerged in the 1970s and cemented its place at the center of the data management ecosystem during the 1980s. The idea of the data warehouse was conceived late in that decade, and early adopters of the concept began deploying data warehouses in the mid-1990s. By the early 2000s, relational software was a dominant technology, with a virtual lock on database deployments.
But the initial release of Hadoop became available in 2006 and was followed by the Spark processing engine and various other big data technologies. A range of NoSQL databases also started to become available in the same time frame. While relational platforms are still the most widely used data store by far, the rise of big data and NoSQL alternatives and the data lake environments they enable have given organizations a broader set of data management choices. The addition of the data lakehouse concept in 2017 further expanded the options.
But all of those choices have made many data environments more complex. That’s spurring the development of new technologies and processes designed to help make them easier to manage. In addition to data observability, they include data fabric, an architectural framework that aims to better unify data assets by automating integration processes and making them reusable, and data mesh, a decentralized architecture that gives data ownership and management responsibilities to individual business domains, with federated governance to agree on organizational standards and policies.
None of those three approaches is widely used yet, though. In its 2022 Hype Cycle report on new data management technologies, consulting firm Gartner said each has been adopted by less than 5% of its target user audience. Gartner predicted that data fabric and data observability are both five to 10 years away from reaching full maturity and mainstream adoption, but it said they could ultimately be very beneficial to users. It was less bullish about data mesh, giving that a “Low” potential benefit rating.
The following are some other notable data management trends:
Cloud data management technologies are becoming pervasive. Gartner has forecasted that cloud databases will account for 50% of overall DBMS revenue in 2022. In the Hype Cycle report, it said organizations are also “moving rapidly” to deploy emerging data management technologies in the cloud. For companies that aren’t ready to fully migrate, hybrid cloud architectures that combine cloud and on-premises systems — for example, hybrid data warehouse environments — are also an option.
Augmented data management capabilities also aim to help streamline processes. Software vendors are adding augmented functionality for data quality, database management, data integration and data cataloging that uses AI and machine learning technologies to automate repetitive tasks, identify issues and suggest actions.
The growth of edge computing is creating new data management needs. As organizations increasingly use remote sensors and IoT devices to collect and process data as part of edge computing environments, some vendors are also developing edge data management capabilities for endpoint devices.
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Scribble eSign offers a cost-effective alternative to remote signing for BuildTopia users and their customers.
TORONTO, Nov. 30, 2022 /CNW/ — Constellation HomeBuilder Systems, North America’s largest provider of home building software solutions, today announced the launch of Scribble, a new electronic signing solution that supports eSigning of digital documents and contracts, designed specifically for homebuilders. Scribble offers builders on the BuildTopia construction management software platform a streamlined signing workflow, including multiple signers and documents, secured signing sessions and secured document storage.
“Builders are looking for cost effective and reliable e-sign alternatives that easily integrate into their existing construction management solution, while securely and efficiently collecting and managing eSignatures,” said Sean Wilhelm, vice president of Constellation HomeBuilder Systems.
“Despite homebuyers demanding a more digital homebuying experience, we’re still seeing frustration among builders who are trying to make technology decisions based on a myriad of eSign solutions that claim efficiency improvements, but in reality, lack simplicity and pricing transparency” continued Wilhelm. “Scribble delivers all the mainstream workflow automations, security and compliance features that builders are looking for, but at a more cost-effective price point.”
Scribble offers flexibility for builders to scale their operations with electronic signatures. Learn more about Scribble for eSignatures, forms, workflows, and learn about its detailed integration with BuildTopia, click here.
About Constellation HomeBuilder Systems
Constellation HomeBuilder Systems is the largest provider of software and services in the building industry. Their innovative software solutions, available as standalone or integrated systems, empower builders with information to drive business objectives and simplify the process of building homes and condos. Constellation HomeBuilder Systems is the home building software division of Constellation Software Inc., an international provider of market-leading software and services for specialized industries, which is traded publicly on the Toronto Stock Exchange.
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The Neat Company, which develops bookkeeping automation and document management tools for small businesses, has upgraded it financial management platform, a Neat press release said.
The press release said the new capabilities include more mobile features, simplifying the creation and management of invoices, giving a central view all bank accounts across financial institutions, and organize expenses and transactions. They can also edit account names, add notes and keep up with vendors, customers and bookkeeping tasks.
Other updates will improve transactions reporting, documents imaging and editing, report exporting by PDF and data exporting in CSV files.
“When I was a small business owner, I saw firsthand how bookkeeping can seem like a distraction, and learned that traditional small business accounting software can feel overwhelming, while homegrown spreadsheets were both limiting and time-consuming,” explains Garrett Baird, president and CEO of The Neat Company. “Neat recognized that, too, and has condensed and clarified the bookkeeping process into an uncomplicated and easy-to-use all-in-one platform designed specifically for small businesses.”
See also: Finally, a Small Business Accounting Automation Startup, Raises $95M
PYMNTS wrote that another company working with accounting and finances, Finally, had raised $95 million in a funding round.
That money will be used to bolster the company’s workforce and debut a new corporate charge card to help out with small businesses.
Finally Co-Founder and CEO Felix Rodriguez called it “daunting” to run a small business, with various tasks like bookkeeping often distracting from actually running the business.
So he said the goal of Finally was to keep supporting small businesses.
How Consumers Pay Online With Stored Credentials
Convenience drives some consumers to store their payment credentials with merchants, while security concerns give other customers pause. For “How We Pay Digitally: Stored Credentials Edition,” a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 U.S. consumers to analyze consumers’ dilemma and reveal how merchants can win over holdouts.
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Today, nearly every company that builds applications uses open source software — and the majority of organizations use significant amounts of it.
Although the explosive growth of open source has yielded numerous benefits (including cost savings and faster time to market), it’s also led to increased scrutiny of OSS license compliance (e.g., the ongoing matter of SFC v. Vizio). As a result, organizations without comprehensive compliance programs may face exposure to the legal, reputational, and financial risks that can come with non-compliance.
But while the license compliance field is still evolving, there are certain proven processes, tools, and workflows that can help organizations successfully manage compliance-related risk.
Join IP attorney Kate Downing, a leading expert in open source license compliance, on Nov. 16 at 3 p.m. ET to uncover the key ingredients of a comprehensive, effective, and efficient compliance program.
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The global document workflow management software market is a big and growing business, reaching $8.52 billion in 2021 and estimated to grow to $55.35 billion in 2028, according to Grandview Research.
One company, airSlate, disrupted the category by focusing on the needs of individual users at small and mid-sized businesses and using the scientific method to constantly test and learn its way to product development, customer satisfaction and market share growth.
Headquartered in Boston, airSlate began life as PDFFiller in 2008, a company founded by Vadim Yasinovsky, who developed a way to create editable forms and documents from PDF files. That company struggled to grow until Yasinovsky’s friend Borya Shakhnovich became CEO and broadened the company into document workflow and digital transformation that turned the company into a fast-growth software business. This founder’s journey story is based on my interview with Shakhnovich.
airSlate Co-Founder and CEO Borya Shakhnovich.
Prior to airSlate, Shakhnovich was the founder of Orwik, a community network for scientists and institutions, and Yasinovsky was one of his investors. “I came to one of my investors who was running PDFFiller at the time. And I said, ‘Look, I have this marketing technology, why don’t you apply it To PDFFiller?’ And he said, ‘I don’t know anything about how to apply this marketing technology, why don’t you come and build it with me.’ And that’s how airSlate was really born,” says Shakhnovich.
At that time, PDFFiller was a small company with $400,000 in annual revenue. Using Shakhnovich’s technology and business savvy, the team bootstrapped PDFFiller to grow to reach 160,000 customers, 160 employees and $60 million annual revenue. After several years, Shakhnovich moved into the CEO role and the company greatly expanded its product offering and formally became airSlate in 2018.
Today the company positions itself as a global SaaS technology company that provides no-code business process automation and document management solutions to companies of all sizes. Its PDF editing, e-signature workflow, and business process automation solutions allow users to solve document workflow challenges more easily and at lower cost than other enterprise software providers, according to Shakhnovich.
The company continues to experience significant growth, increasing revenue 50% year over year, expanding its customer base and including partner collaborations with Amazon Web Services, Inc. (AWS), Microsoft, Samsung, SoftwareOne, Xerox and others. “Right now, we have over one million customers and about 1,000 employees,” says Shakhnovich.
As a result, the company has raised a total of $181.5 million in venture funding to date. Its most recent $51.5 million financing on June 16, 2022 led by G Squared, including a strategic partnership with UiPath, valued airSlate at $1.25 billion. Additional investors include Silicon Valley Bank, Morgan Stanley Expansion Capital, High Sage Ventures, General Catalyst, Horizon Capital and others. “We’ve run this business pretty much cashflow neutral throughout the last 10 years. So all of the money that we raised is either on the balance sheet or used for M&A,” says Shakhnovich.
Before becoming an entrepreneur, Shakhnovich was an evolutionary biologist and approaches business with an evolutionary design model and attributes his success as a leader is to his academic training. “I like interdisciplinary approaches to solving complex problems whether using Physics to understand customer acquisition or using Biology to understand customer retention. Before my life in startups and online marketing, I used to teach bioinformatics at BU and do systems biology research at Harvard,” says Shakhnovich.
Shakhnovich grew up in Russia up until the age of eleven. His family moved to the U.S. in 1990 when his father became a professor of chemistry at Harvard. Shakhnovich followed in his father’s footstep and pursued an academic career. He attended the University of Illinois, in Urbana Champaign. “I studied computational biophysics, so nothing that’s even remotely related to business,” says Shakhnovich. After graduating, he went on to earn his PhD at Boston University in bioinformatics, which is the statistical analysis of biological systems, including genes, proteins and evolution. He then became a professor of Bioinformatics at Boston University in 2004 and soon thereafter moved over to Harvard in 2006 to lead a Systems Biology group there.
In 2008, right before the beginning of the financial crisis, he left Harvard to start his own business. “I always wanted to be an entrepreneur. I always wanted to create my own business. And in a lot of ways, being an academic is actually like running your own very small business,” says Shakhnovich.
He founded Orwik a professional network for researchers that was meant to solve the problem of transparency in the academic process, but after four years trying to make it work, the business never took off. “I made all of the mistakes that I think beginning entrepreneurs make. I started building a company for myself instead of for customers and built a product without testing it in the marketplace,” says Shakhnovich. He apparently learned his lesson well with the creation and exponential growth of airSlate.
As for the future? “Over the next five to ten years, we would like to train a million people on using our technology to increase their efficiency and value to their own business. We want to help an employee that was earning $40,000 to $50,000 and turn them into an employee that is critical to the business, earning $100,000 to $120,000. And that’s the mission of the company overall,” concludes Shakhnovich.

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Shares of Flywire Co. (NASDAQ:FLYW – Get Rating) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $31.25.
FLYW has been the topic of a number of research analyst reports. Raymond James reduced their target price on Flywire from $33.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 10th. The Goldman Sachs Group lowered their target price on Flywire from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. Loop Capital initiated coverage on Flywire in a research report on Monday, October 24th. They issued a “buy” rating and a $25.00 target price on the stock. Stephens lowered their target price on Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. Finally, Wells Fargo & Company lowered their price target on Flywire from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th.

Insider Transactions at Flywire

In other news, major shareholder Enrique T. Salem sold 96,136 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $20.51, for a total value of $1,971,749.36. Following the sale, the insider now directly owns 11,645,388 shares in the company, valued at approximately $238,846,907.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Enrique T. Salem sold 96,136 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $20.51, for a total transaction of $1,971,749.36. Following the sale, the insider now owns 11,645,388 shares of the company’s stock, valued at approximately $238,846,907.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jo Natauri sold 147,816 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $22.20, for a total value of $3,281,515.20. Following the completion of the transaction, the director now owns 1,070,982 shares of the company’s stock, valued at approximately $23,775,800.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,827,792 shares of company stock worth $39,175,372. Company insiders own 37.50% of the company’s stock.

Institutional Investors Weigh In On Flywire

A number of institutional investors have recently added to or reduced their stakes in FLYW. Vanguard Group Inc. lifted its stake in Flywire by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock worth $167,179,000 after purchasing an additional 1,635,222 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Flywire by 127.3% during the 3rd quarter. Alliancebernstein L.P. now owns 5,221,323 shares of the company’s stock valued at $119,882,000 after purchasing an additional 2,924,057 shares in the last quarter. BlackRock Inc. lifted its position in Flywire by 20.4% during the 3rd quarter. BlackRock Inc. now owns 3,680,820 shares of the company’s stock valued at $84,512,000 after acquiring an additional 624,918 shares during the period. Millennium Management LLC raised its holdings in Flywire by 33.3% in the second quarter. Millennium Management LLC now owns 2,308,228 shares of the company’s stock worth $40,694,000 after buying an additional 576,636 shares during the last quarter. Finally, Eventide Asset Management LLC grew its stake in shares of Flywire by 1,254.5% in the third quarter. Eventide Asset Management LLC now owns 1,800,367 shares of the company’s stock worth $41,336,000 after acquiring an additional 1,667,446 shares during the period. 79.06% of the stock is owned by institutional investors.

Flywire Stock Performance

Flywire stock opened at $21.74 on Friday. The firm has a market capitalization of $2.35 billion, a P/E ratio of -46.26 and a beta of 1.21. The stock has a fifty day moving average price of $21.16 and a 200 day moving average price of $21.99. Flywire has a 52 week low of $14.56 and a 52 week high of $39.31. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.05.
Flywire (NASDAQ:FLYW – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $86.94 million. Flywire had a negative return on equity of 10.43% and a negative net margin of 18.85%. Equities research analysts anticipate that Flywire will post -0.47 earnings per share for the current year.

About Flywire

(Get Rating)
Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

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Formulated Solutions inks deal to buy former Merck, Bayer …  FiercePharma
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