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DataSift scores $42M to grow social analytics platform

DataSift recently announced $42M in new financing, which will help accelerate the company's growth

UK-based social media analytics provider Datasift announced this week that it secured $42 million in series C financing led by Insight Venture Partners. The news, which follows reports that Apple bought its competitor Topsy, signals the increasing value businesses place on social media data and a potential boom in investment for businesses that can help make sense of it.

Trust in data storage security hits ten-year low

Consumer confidence in companies' ability to safeguard their data has hit a ten-year low

A report published today by Fujistu suggests that trust in businesses to keep customer data secure has hit a ten-year low, with less than ten per cent of consumers claiming they have faith in organisations to protect their data.

Bharat Light and Power looks to cloud for growth management

BLP is looking to use cloud and big data to improve operations and safety

Bharat Light and Power (BLP), a enewable energy producer in India, has signed a deal with IBM that will see it shift its plant monitoring systems to the cloud, and use cloud-based big data analytics to help improve operational efficiency as it looks to manage future growth. The company says the new platform will help it achieve scale while making overall operations more efficient.

217% increase in big data investment over 12 months, report says

GP Bullhound, the investment firm behind the research says prescriptive analytics will fuel the next big wave of enterprise tech m&as

Growing at a rate of 56 per cent annually and pegged to reach $7.4bn by 2017, big data is one of the highest growth markets in technology today. Big data analytics has garnered $1.4bn worth of investment over the past 12 months, over 200 per cent more than last year according to research published Friday. The investment banking firm that commissioned the research says the results suggest the industry is about to enter a new stage of consolidation dominated by enterprise IT incumbents.

Kenshō builds first analytics platform on Nasdaq OMX FinQloud

Kenshō will become the first financial analytics firm on Nasdaq OMX FinQloud

Start-up financial analysis company Kenshō is planning to become the first professional analytics platform built completely on Nasdaq OMX’s FinQloud cloud computing platform, which is powered by Amazon Web Services.

Futurelytics scores $800K to bring big data to small businesses

Futurelytics recently scored $800K in series D financing. The investment will go towards expanding internationally.

Big data analytics is the buzzword in enterprises these days, but the cost of setting up complex big data analytics systems can be a huge inhibitor to their adoption at times. Futurelytics, a startup focused on bringing big data analytics to small and medium-sized businesses recently scored $800,000 to take its prescriptive analytics platform to the masses.

Cloudera beefs up partnerships to bolster big data in the cloud

Cloudera said the newly announced partnerships will bolster enterprise penetration

Big data platform provider Cloudera today announced a slew of new partnerships with a number of cloud infrastructure service providers including Savvis, Verizon, Softlayer and T-Systems. The company said the move will help bolster enterprise penetration of its big data services, despite the notable absence of the big three – Amazon, Google and Microsoft.

Weather analytics specialist snapped up in $1bn agriculture deal

Climate Corp specialises in weather analytics

US agricultural giant and genetically modified seed developer Monsanto this week moved to acquire weather analytics specialist The Climate Corporation for approximately $930m in cash.

Climate Corp was founded in 2006 by a trio of ex-Google engineers and product managers and now counts an ex-Navteq executive among its leaders.

Splunk lands on Amazon Web Services

Splunk offers deeper operational intelligence

Big data analysis specialist Splunk has released a cloud version of its enterprise suite allowing organisations to access and analyse operational and machine generated big data in the cloud. The company has also launched a free version of Splunk Storm, a slimmed-down application monitoring system, with the hope of getting more IT and non-IT business users onto the service.

Microsoft adds cache service to Azure to rival Amazon ElastiCache

The Azure Cache service has some unique features, like auto-scaling, that rival Amazon's ElastiCache

Microsoft on Wednesday announced the preview of a distributed cache service it is adding to its Windows Azure platform in a bid to position its cloud infrastructure as a service ahead of leading incumbent Amazon Web Services.