Companies with the highest loyalty ratings and retention rates grew revenues 250% faster than their industry peers and delivered two to five times the shareholder returns over a 10 year period. Earning loyalty and getting the largest number of customers to stick around is something that is in the best interest of both a company and its customer base.

“The biggest problem for streaming services is not so much getting new members, it’s holding them. It’s the churn factor.”

This is a guest community post from Genmao Yu, a software engineer at Alibaba.

Apache Spark is a very popular tool for processing structured and unstructured data. When it comes to processing structured data, it supports many basic data types, like integer, long, double, string, etc. Spark also supports more complex data types, like the Date and Timestamp, which are often difficult for developers to understand. In this blog post, we take a deep dive into the Date and Timestamp types to help you fully understand their behavior and how to avoid some common issues. In summary, this blog covers four parts:

The subscription model is experiencing a renaissance.  Gone are the days of the penny music CD clubs, replaced by an ever-increasing assortment of digital streaming services delivering music, videos and more directly to consumers’ devices in exchange for a modest recurring fee. Today, 70% of US households subscribe to at least one subscription streaming service with an average of 3.4 such subscriptions per subscriber household.

Watch the on-demand webinar Alternative Data Analytics with Python for a demonstration of the solution discussed in this blog and/or download the following notebooks to try it yourself.

The future of finance goes hand in hand with social responsibility, environmental stewardship and corporate ethics. In order to stay competitive, Financial Services Institutions (FSI)  are increasingly  disclosing more information about their environmental, social and governance (ESG) performance. By better understanding and quantifying the sustainability and societal impact of any investment in a company or business, FSIs can mitigate reputation risk and maintain the trust with both their clients and shareholders. At Databricks, we increasingly hear from our customers that ESG has become a C-suite priority. This is not solely driven by altruism but also by economics: Higher ESG ratings are generally positively correlated with valuation and profitability while negatively correlated with volatility. In this blog post, we offer a novel approach to sustainable investing by combining natural language processing (NLP) techniques and graph analytics to extract key strategic ESG initiatives and learn companies’ relationships in a global market and their impact to market risk calculations.

A Databricks cluster policy is a template that restricts the way users interact with cluster configuration. Today, any user with cluster creation permissions is able to launch an Apache Spark™ cluster with any configuration. This leads to a few issues:

Databricks is pleased to announce the release of Databricks Runtime 7.0 for Machine Learning (Runtime 7.0 ML) which provides preconfigured GPU-aware scheduling and adds enhanced deep learning capabilities for training and inference workloads.

Try out Delta Lake 0.7.0 with Spark 3.0 today!