22nd Century Technologies Buys TreasurySoft
22nd Century Technologies Buys TreasurySoft to Expand ERP Capabilities for Federal Market Clients McLean, Virginia-based 22nd Century Technologies Inc. has acquired TreasurySoft in a transaction that expands its enterprise resource planning practice and capabilities to deliver digital transformation platforms to federal, state, local government and transit agencies. TSCTI said Tuesday TreasurySoft provides PeopleSoft and Oracle Fusion ERP Treasury Management Systems and other tech platforms that offer real-time insights across cash management, risk management, investment management and other critical financial functions. “By bringing TreasurySoft into our fold, we are not only expanding our ERP capabilities but also setting the stage to provide tailored solutions that extend and optimize Oracle ERP implementations,” said TSCTI CEO Anil Sharma. How Business Intelligence in ERP Can Improve Your Company Go “TreasurySoft’s ability will enable us to deliver more robust, efficient, and integrated solutions on top of existing Oracle platforms,” added Sharma. TSCTI has more than 400 contracts and approximately 6,000 employees focused on supporting the mission-critical programs of defense, intelligence and federal civilian agencies in digital transformation, cybersecurity, cloud migration and application modernization, among other areas. De-siloing the enterprise: The challenges and opportunities in data consolidation A hot topic in the data management space is the argument against data silos. Factors such as generative artificial intelligence and decentralized data infrastructures have intensified the need to embrace the data consolidation ethos. RelationalAI’s Molham Aref discusses modern data platforms. Business Intelligence in Custom ERP Development Altamira What is the imperative to de-silo data operations? And what challenges and opportunities exist as companies move toward interconnected data infrastructures? “You’re building intelligent applications, and by definition, these applications have to look at data,” said Molham Aref (pictured), chief executive officer of RelationalAI Inc. “The old architecture is where you’re moving a few records of data over to some Java to do something, to book you an airline seat, that doesn’t work anymore. You’re now doing things that require you to predict and you need to look at lots of data. And so, the new architectures will move the semantics and the business logic to the data. And my view is that business logic is going to have to change to fit in the modern data stack.” Aref spoke with theCUBE Research’s Dave Vellante and George Gilber at the Supercloud 7: Get Ready for the Next Data Platform event, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed the future of data consolidation as one that integrates and harmonizes data with business logic, creating a seamless and intelligent ecosystem. Data consolidation: Key players and battles Business Intelligence in ERP (The Role of BI Tools in ERP) The last decade has seen significant developments in the data stack. Snowflake Inc. emerged as a dominant force in the database engine space, while Databricks Inc. took the lead in managing data pipelines. The field of data formats is another competition frontier, one that has seen the emergence of Iceberg as a dominant player, according to Aref. “I think the next layer is about semantics,” he said. “Where do you put application logic and semantics in this new world? And where do you put it in a world where people are asking to rethink applications in terms of intelligent applications?” One inalienable theme in the various contests across the data stack is openness. The next frontier is the catalog wars, where the aim is to unbundle catalogs from the respective technologies, allowing for greater flexibility and interoperability. This unbundling is a critical step toward the next layer of evolution: semantics. “Let’s say, I have information about people in my database,” Aref said. “And let’s say there’s an entry for Dave, an entry for George, an entry for Molham. I might want to compute our ages from our birthdays. Now, I can just add an extra column and key in our ages, but that’s not good, because as time passes, I’ll have to keep updating our ages as we all get older. Instead of just storing the raw data, I might put in a bit of business logic that says, ‘A person’s age is equal to today minus their date of birth.’ And anytime someone needs to look up any of our ages, okay, I will just apply the semantics, the business logic.” How Business Intelligence in ERP Can Improve Your Company Go In traditional systems, application logic was often written in languages such as Java or COBOL, detached from the data itself. The modern approach expresses business logic relationally, ensuring it coexists seamlessly with the data. This transition to data consolidation is essential for applications that are capable of making predictions and optimizations based on vast amounts of data, according to Aref. The legacy challenge and path forward The current state of enterprise data management is a patchwork of thousands of applications, each with its data model and logic. This fragmented architecture is a product of technological constraints and business needs from decades past. However, with advancements in scalability, algorithms and data structures, there is an opportunity to revisit and overhaul these systems, according to Aref. “Because the relational databases at the time were not powerful enough and scalable enough and their pricing models were such that they were too expensive to run the business logic, as a workaround, we pulled that logic out, we implemented by hand procedurally, because we didn’t have the relational language that could express it declaratively,” he said. “We had to live with this two-brain architecture, where the database had no idea what the application logic was doing. And the application logic didn’t understand databases.” How Business Intelligence in ERP Can Improve Your Company Go The goal is to move toward a common model where data and business logic are integrated into a unified framework. This approach simplifies the architecture, reduces redundancy and facilitates better decision-making. Subsequently, a gradual refactoring of legacy applications will occur, bringing forth a modern, data-centric framework, without the need for a disruptive big bang rewrite, Aref added. Stay tuned for the complete video interview, part of …