It’d be somewhat of an understatement to say that 2020 has been ‘challenging’ for businesses around the world. With significant disruption to commercial activity, directors, employees, and families alike have had to quickly adapt to the devastating impacts of COVID-19.
Despite these difficulties, many enterprises have taken this time to review and evolve their business models. For many organisations, this year of uncertainty has unearthed how important data analytics insight really is for creating a sustainable business strategy and the importance of exploring this readily available asset.
Advanced analytics companies, such as Brytlyt, have seen a significant rise in both interest & demand from businesses looking to harness data analytics first-hand. There has been a surge of demand and technological development in the analytics industry, showcasing the rising necessity for advanced solutions like GPU acceleration.
We are all looking forward to seeing what may happen in 2021, with exciting possibilities for business intelligence from ever more advancing data technologies.
What are the big trends in GPU analytics for 2021?
The release of the NVIDIA 80GB GPU similarly has represented an important step in the journey of using GPUs for data and analytics. This trend began in 2012 with the release of the K10, which was designed specifically for enterprise applications. This latest development continues the exciting trajectory for GPU development, with Brytlyt’s software being aligned to take full advantage of this new GPU and its massive expansion in memory.
There have also been significant movements towards consumption-based revenue models in the cloud. This was definitively reflected by Snowflakes’s IPO, which was a beacon for how successful hosting data services and analytics in the cloud can be. Brytlyt are continuing to develop their own integrated cloud solution, which looks to make an appearance in 2021.
Here’s a round-up of Brytlyt’s activity in 2020
Since doubling down on their own technological development, Brytlyt have experienced a significant expansion in their capabilities to push the boundaries of what’s possible with GPU acceleration. Indicative of market growth, their activity for 2020 was as follows:
Tech Development
The release of Brytlyt 4.0 in 2020 introduced 4x faster speeds, migration to PostgreSQL 12, and enhancements to string support, percentile functions, back-end mapping and more.
Improvements to their analytics workbench product, SpotLyt
SpotLyt has been under significant development throughout this year to create an even more seamless and powerful experience for our users, including updates to data loading and data transfer automation.
Data loading performance was improved by 10x, adding greater computational intelligence to the GUI functionality, streamlining upload speeds, and improving data alignment between their different products.
Collaboration with NVIDIA with their new A100 GPU
Brytlyt have been working closely with NVIDIA to run STAC Benchmarks on the A100. This technology empowers Brytlyt users to greatly improve R&D, innovation, and complex and vast data analysis, as a result of superior database performance.
Exceeding Commercial Goals
Brytlyt raised $4 million in Series A funding from global technology investors Amadeus Capital Partners and Finch Capital in early 2020, fuelling their expansion.
New Brand and Website
We announced our rebrand in October. Our modernised look aligns with our position as market leaders in GPU accelerated data analytics, as well as their exponential growth.
John McAdam, former CEO of F5 Networks, joined Brytlyt as Chairman of the Board as part of ambitious growth plans for global impact. John has added significant experience in data software, analytics, and business development to the team.
Industry Engagement
Members of the Brytlyt team spoke at the Virtual Global STAC Live event, engaging with key themes about real-time visualisation and the importance of GPU acceleration to enable the next phase of analytics development.
CDAO Fall 2020 Event
Richard Heyns, Brytlyt Founder & CEO, spoke on a panel at the CDAO Fall 2020 to discuss the role of GPUs in AI, machine learning, and cutting-edge technology.
Market Growth
Brytlyt have had a successful year, taking steps towards US expansion, engaging with partners in new markets and contributing to the increasing adoption of GPU acceleration worldwide.
What Does the Future Hold?
Brytlyt expects to see even greater developments built off the incredible achievements reached in 2020. They expect to continue to grow throughout 2021. In particular, with plans to expand further into the US.
Here’s what you can expect from Brytlyt in the New Year:
Their users can expect to see many more platform enhancements alongside new releases that will deliver even greater capabilities. The new version of SpotLyt, their GPU-powered analytics visualisation workbench, is due for release in Q2 2021 with a focus on an improved user experience. They are also developing their own cloud solution which will be based on an efficient pay-as-you consume model, unlocking the ability for organisations to perform high-intensity workloads such as machine learning training.
Their database tool, BrytlytDB will be migrated to PostgreSQL 14, as part of their commitment to remain concurrent with the latest release, giving users access to all the benefits of PostgreSQL.
They will also be introducing a number of other bigger and bolder capabilities – including in-memory functionality which allows users to combine tables from CPU, GPU and disc, for more integrated and diverse insights.
This is just a taste of what the next 12 months holds, so make sure to stay tuned to hear more from Brytlyt.
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Author Bio:
Tech & Finance blogger and digital agency consultant – Dave has worked in digital 10 years in client-side, agency-side, and self-employed capacities.
He now writes engaging content and creates innovative digital strategies for the finance and tech industries. He is the creator of Enviroute – A new travel app to check the Severn bridge status – that is currently seeking investment.
Dave spends more time than he cares to admit watching skateboarding videos and likes to express himself through the medium of internet memes!
