Seagate Launches Lyve Cloud Analytics Platform to Optimize Machine Learning Operations and Accelerate Innovation

Rhea-AI Summary

Seagate Technology Holdings plc (NASDAQ: STX) has launched the Lyve Cloud Analytics platform, designed to enhance data utilization for enterprises. The platform offers cloud-based analytics, storage, and compute capabilities, enabling up to 40% cost savings compared to competitors. It addresses challenges in multicloud data access and aims to boost efficiency and innovation in data-intensive industries like manufacturing and healthcare. Seagate's own analytics framework has cut production implementation time from 12-18 months to under 4 months, leading to significant capital savings.

Positive

• Launch of Lyve Cloud Analytics platform to enhance data analytics capabilities.
• Potential cost savings of up to 40% for enterprises using the platform.
• Reduction of implementation time for analytics from 12-18 months to under 4 months.
• Strong focus on data-driven efficiency and innovation in manufacturing processes.

Negative

• None.

Lyve Cloud Analytics platform will help enterprises save costs and yield massive productivity improvements

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate^® Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, today announced the launch of Lyve™ Cloud Analytics platform, a complete cloud-based analytics solution that includes storage, compute, and analytics, to help Lyve Cloud customers lower the total cost of ownership (TCO) and accelerate time to value with their DataOps and MLOps (machine learning operations). Adding the analytics capability to the most frictionless cloud storage, Seagate enables enterprises to activate their stored data in an open data lake architecture for analytics at petabyte scale, further accelerating time to implementation and innovation, yielding up to 40% cost saving compared to other available offerings in the market.

In today’s datasphere, multicloud has become a mainstream cloud strategy for enterprises, but complex data access challenges and unpredictable costs hinder optimal data utilization. These challenges pose even larger roadblocks for data-intensive industries where enterprises rely heavily on the vast amount of collected data to train their data analytics, AI, and machine learning systems. According to the research firm Gartner, only 53% of AI projects achieve production from prototype due to the lack of right tools to scale.

Leveraging its own leading manufacturing experience, Seagate is offering pre-configured full-stack analytics code solutions for time-series, tabular data management, and image analytics along with included professional services that can dramatically reduce time to implement analytics in a production environment from 12-18 months to less than 4 months.

“With the increasing use of data analytics and AI to achieve greater efficiency, sustainability, and innovation for business growth, the introduction of Lyve Cloud Analytics platform was the most sought-after feature for Lyve Cloud,” said Ravi Naik, chief information officer and executive vice president storage services for Seagate. “Through Lyve Cloud Analytics platform, we allow our customers to break data silos and harness the power of data. We believe the platform with our professional services will make critical decision making easier, leading to higher efficiency, faster innovation, and business growth in the long run.”

As one of the largest data storage manufacturers, Seagate too had to equip itself with the right cloud infrastructure. Every day, Seagate's seven large-scale AI-enabled manufacturing sites around the world generate over 50TB of image and parametric data, which are added to its 15PB data lake and made available for analytics.

“As Seagate strives for best-in-class quality and efficiency, we have invested heavily in analytics and AI. One of the biggest improvements is in our wafer manufacturing process where we successfully removed a number of the tens of thousands of steps in the overall production process,” said Sthitie Bom, senior engineering director at Seagate Technology. “Within a two-year period, through the analytics framework developed by the Seagate team, we increased the number of skippable sampling steps by 150% which allowed us to significantly reduce wafer cycle time. We anticipate an additional three-fold increase as our analytics framework advances within the Lyve Cloud Analytics platform over the coming years, resulting in significant capital savings.”

Lyve Cloud Analytics platform will benefit enterprises in manufacturing and other multi-petabyte data scale industries, including semiconductor, healthcare, retail, energy, and more. The pre-configured full-stack offering in partnership and integration with various leading analytics and computing providers presents enterprises with a smart and out-of-the-box solution to innovate and grow their business.

Find out more about the Seagate Lyve Cloud Analytics platform here.

About Seagate

Seagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and our Blog.

©2022 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, Lyve Cloud, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005215/en/

Greg Belloni

gregory.belloni@seagate.com



Eka Wilk

ekaterina.wilk@seagate.com

Source: Seagate Technology Holdings plc

FAQ

What is the Lyve Cloud Analytics platform launched by Seagate (STX)?

The Lyve Cloud Analytics platform is a cloud-based solution integrating storage, compute, and analytics to enhance data utilization for enterprises.

How much cost can enterprises save using Seagate's Lyve Cloud Analytics platform?

Enterprises can save up to 40% compared to other market offerings by using the Lyve Cloud Analytics platform.

What industries will benefit from the Lyve Cloud Analytics platform?

Industries such as manufacturing, healthcare, retail, and energy can benefit significantly from the Lyve Cloud Analytics platform.

How has Seagate improved its manufacturing efficiency with analytics?

Seagate has reduced the time to implement analytics from 12-18 months to less than 4 months, significantly improving manufacturing processes.

What are the key features of the Lyve Cloud Analytics platform?

Key features include storage, compute, and analytics capabilities designed for multicloud environments, facilitating better data access and cost management.