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.
Nurego Inc., a Seattle-based startup focusing on cloud optimisation and led by veterans of Microsoft, VMware, EMC and Amdocs recently secured $2 million in equity financing, according to an SEC filing. The company claims to be working on patent-pending technology that can optimise the cloud stack’s performance for service providers.
IBM announced this week that the company is delivering a multi-million dollar private cloud platform for a consortium of post-secondary educational institutions in Nova Scotia, Canada. Michael Shepherd, dean of the Faculty of Computer Science at Dalhousie University, where the platform will reside, said the infrastructure will help equip graduates with skills in analytics, which [...]
The buzz around big data tends to centre on how, with emerging analytics and database technologies, businesses can optimise their operations, products or services, improve customer retention, and – fundamentally – improve the bottom line. But the University of North Carolina Health Care (UNCHC), a large non-profit healthcare provider based in Chapel Hill, North Carolina recently put these technologies to work keeping patients out of hospitals and saving lives. Dr Carlton Moore, associate professor of medicine at the UNCHC says data and analytics are increasingly at the heart of how his hospitals run.
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.
IBM made a number of announcements at its Information on Demand conference this week, focusing largely on innovations further marrying cloud and big data technologies. Among them include tools that anonymize big data, and software created by IBM labs dubbed “Project Neo,” which can be applied to raw data sets and discover hidden patterns therein – potentially providing the answers to questions businesses have yet to ask.
Barely one year after its founding the Open Data Institute (ODI), a publicly-funded company fostering innovation with publicly licensed data sets, has launched a global network of nodes focusing on the very same.
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.
Data integration specialist Informatica reported an all-time record in its third quarter financial results this morning, raking in $235.4 million in revenue. The company’s strategy to bring the power of big data to the masses via the cloud seems to be paying off as it reported 48 per cent increase in subscription-based revenue.
Netflix has tapped data warehousing specialist Teradata to help analyse billions of rows of code for the cloud-based television service provider using the company’s recently-announced cloud-based big data analytics platform, aptly called Teradata Cloud.