Wall Street Logic
  • Home
  • Metals
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI
No Result
View All Result
Wall Street Logic
  • Home
  • Metals
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI
No Result
View All Result
Wall Street Logic
No Result
View All Result
Home AI

MongoDB’s Innovations for AI-driven Applications and Developer Productivity

by Wall Street Logic
July 15, 2023
in AI
22
SHARES
374
VIEWS
Share on Twitter

Even if you haven’t heard of MongoDB, odds are good that you touch it in your daily online life. MongoDB has enabled more than 43,000 organizations to build solutions leveraging MongoDB technology, including some of the biggest names in technology, healthcare, telecom, and financial services. The company’s horizontal document-oriented (often called NoSQL) database technology underpins a broad swath of workloads that all need modern data services – needs that often don’t directly map to the constraints of traditional relational databases.

You might also like

The Impact of AI on Business: Earnings, Efficiency, and Revenue Growth

Salesforce Introduces Einstein Copilot: Enhancing Productivity Through Generative AI

Waabi Partners with Uber Freight to Deploy Autonomous Semis

MongoDB.local 2023 Event

Servicing the quickly evolving needs of modern application development requires rapid innovation and fast product cycles. MongoDB demonstrated both last week at its MongoDB.local 2023 event in New York City, introducing a compelling set of new features and services.

The announcements cover a wide breadth of territory, with new capabilities to leverage the latest AI technology, features that enable greater developer productivity, ease the burden of enterprise application development, and even a new program to simplify deploying MongoDB technology into a targeted set of verticals. There’s a lot to delve into.

Generative AI and MongoDB Atlas Vector Search

It’s impossible to talk about application development today without touching on artificial intelligence. Generative AI, typified by large language models (LLMs) such as ChapGPT, capture headlines daily. The question technology companies and IT practitioners alike most often ask me is how AI will affect them. MongoDB this past week illustrated how generative AI impacts the data plane.

MongoDB’s new MongoDB Atlas Vector Search is designed to simplify the development of AI language and generative AI applications. The new capability allows vector embedding directly on data stored by MongoDB, allowing new generative AI applications to be quickly and efficiently developed on MongoDB Atlas.

See also  The Crisis of Disengaged Directors in Corporate Boardrooms

MongoDB Atlas Vector Search is also integrated with the open-source LangChain and LlamaIndex frameworks with tools for accessing and managing LLMs for various applications.

MongoDB AI Innovators Program

Building and deploying applications leveraging the latest in AI technology can be daunting. The concepts, tools, and even infrastructure significantly differ from more traditional software development approaches. AI applications can also require multiple iterations of model training as the application evolves, adding significant development costs.

Last week, recognizing the unique challenges of developing AI applications, MongoDB announced its new MongoDB AI Innovators Program, designed to ease the unique burdens of developing AI applications. The new program offers several benefits, including providing eligible organizations with up to $25,000 in credits for MongoDB Atlas.

The AI Innovators Program also includes engagement opportunities with MongoDB to fast-track strategic partnerships and joint go-to-market activities with what the company calls its AI Amplify track. Companies participating in AI Amplify track have their submissions evaluated by MongoDB to gauge the appropriateness of a potential partnership. MongoDB technical experts are also available for solutions architecture and to help identify compelling use cases to use in co-marketing opportunities.

Finally, MongoDB is making its partner ecosystem available to program participants. Organizations participating in the MongoDB AI Innovators Program will have prioritized access to opportunities with MongoDB Partners, and eligible organizations can be fast-tracked to join the MongoDB Partner Ecosystem to build seamless, interoperable integrations and joint solutions. MongoDB has over 1,000 partners, making this an attractive benefit of the program.

New Features in MongoDB Atlas

In addition to the new vector search capabilities already mentioned, there were four additional capabilities introduced into MongoDB Atlas:

  • MongoDB Atlas Search Nodes now provide dedicated infrastructure for search use cases so customers can scale independently of their database to manage unpredictable spikes and high-throughput workloads with greater flexibility and operational efficiency.
  • MongoDB Atlas Stream Processing transforms building event-driven applications that react and respond in real-time by unifying how developer teams work with data-in-motion and data-at-rest.
  • MongoDB Atlas Time Series collections now make time-series workloads more efficient at scale for use cases from predictive maintenance for factory equipment to automotive vehicle-fleet monitoring to financial trading platforms.
  • New multi-cloud options for MongoDB Atlas Online Archive and Atlas Data Federation now enable customers to seamlessly tier and query data in Microsoft Azure and in addition to Amazon Web Services.
See also  AMD's Revolutionary Step In Chip Design: Versal Premium VP1902 Adaptive SoC

Keeping with its theme of simplifying the developer experience, these new features should ease the burden of developing applications using MongoDB Atlas as an intelligent data platform.

Additional Support for Programming Languages and Platforms

MongoDB is a foundational component for data modernization, but it is only part of the solution. Mongo recognizes this, calling its technology a “Developer Data Platform.” The phrase emphasizes the importance of empowering developers to build next-generation AI-enabled applications, often while also using AI. MongoDB empowers developers by delivering a data plane offering the capabilities most needed for modern applications.

Mongo announced new programming language support to facilitate adoption across multiple environments. The company added support for server-side Kotlin applications (Kotlin is a programming language designed for cross-platform application development). There is also new support for data processing and analytics with Python as MongoDB makes its open-source PyMongoArrow library generally available, allowing developers to efficiently convert data stored in MongoDB using some of the most popular Python-based analytics frameworks.

MongoDB is also adding additional support for deploying and managing MongoDB using Amazon AWS infrastructure-as-code (IaC) capabilities. MongoDB released a new integration with the AWS Cloud Development Kit (CDK), allowing developers to manage MongoDB Atlas resources with C#, Go, Java, and Python. This is a significant enabler for developers deploying on AWS.

MongoDB also simplified its Kubernetes integration with improvements to its MongoDB Atlas Kubernetes Operator. The new functionality allows developers to install MongoDB’s horizontal document-oriented (often called NoSQL) database technology underpins a broad swath of workloads that all need modern data services – needs that often don’t directly map to the constraints of traditional relational databases.

See also  Screenwriters and Actors Fight Against AI in Hollywood

MongoDB Relational Migrator

Finally, MongoDB announced its new MongoDB Relational Migrator tool. The new tool makes migrating from traditional legacy databases into a MongoDB environment easier and significantly faster. MongoDB Relational Migrator analyzes legacy databases, automatically generates new data schema and code, and then executes a seamless migration to MongoDB Atlas without downtime. This capability will reduce the pain often experienced when moving data into a new environment from a legacy data store.

Conclusion

MongoDB competes in a crowded segment, and we see innovation coming from its closest competitors, evidenced by recent announcements from competitors such as Elastic. At the same time, MongoDB stands out in this intensely competitive environment with its relentless focus on improving the experience for developers, quickly adapting to new trends in data analysis and AI, and implementing programs that allow its customers to launch new applications quickly. Seventeen straight earnings beats, over a thousand partners, and more than 43,000 customers all show that MongoDB is earning its success.

Disclosure: Steve McDowell is an industry analyst, and NAND Research an industry analyst firm, that engages in, or has engaged in, research, analysis, and advisory services with many technology companies, which may include those mentioned in this article. Mr. McDowell does not hold any equity positions with any company mentioned in this article.

Tweet6Share2

Recommended For You

The Impact of AI on Business: Earnings, Efficiency, and Revenue Growth

by Wall Street Logic
September 24, 2023

The Rise of AI in BusinessA recent survey conducted by McKinsey reveals that organizations that have embraced artificial intelligence (AI) have attributed at least 20 percent of their...

Read more

Salesforce Introduces Einstein Copilot: Enhancing Productivity Through Generative AI

by Wall Street Logic
September 23, 2023

Salesforce Introduces Einstein Copilot: Enhancing Productivity Through Generative AIMicrosoft launched its own generative AI assistant, Microsoft 365 Copilot, earlier this year. Now, Salesforce has entered the ring with...

Read more

Waabi Partners with Uber Freight to Deploy Autonomous Semis

by Wall Street Logic
September 21, 2023

Waabi Partners with Uber Freight to Deploy Autonomous SemisSelf-driving tech startup Waabi has entered into a partnership with Uber Freight to put a small fleet of autonomous semis...

Read more

The Role of Generative AI in Course Refresh: Enhancing Relevance and Student Engagement

by Wall Street Logic
September 20, 2023

IntroductionFaculty update their courses to maintain relevance as disciplines evolve, enhance student engagement, or for a plethora of other reasons. With the emergence of generative AI tools, faculty...

Read more

Generative AI: A Key Weapon in the Fight Against Cancer

by Wall Street Logic
September 20, 2023

IntroductionWe've all seen that generative AI tools like ChatGPT, or Stable Diffusion can create amazing text and images that closely resemble those created by humans. However, the potential...

Read more
Next Post

Zoomerang: The AI-Powered Platform Transforming Short-Form Video Production

Related News

Valkyrie Refiles Application for Spot Bitcoin ETF with SEC

July 18, 2023

Transforming Handoff Communication in Healthcare with Generative AI

August 30, 2023

Intel Launches ‘Tunnel Falls,’ A New Quantum Computing Chip

July 17, 2023

Browse by Category

  • AI
  • Alternative Investments
  • Crypto
  • Financial Literacy
  • Metals

Newsletter

About Us

Wall Street Logic serves as a "to-go" portal for a wide array of financial and investment information. We consistently provide the most recent and impactful news, sourced directly from the heart of the financial markets. Our team hopes to stand as your reliable companion in navigating the complex world of the capital markets and beyond.

CATEGORIES

  • AI
  • Alternative Investments
  • Crypto
  • Financial Literacy
  • Metals
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2023 Wallstreetlogic.com - All rights reserved.

No Result
View All Result
  • Home
  • Metals
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI

© 2023 Wallstreetlogic.com - All rights reserved.