Big Data Big Five

In this week’s big data roundup, SONIC moves to the cloud to predict how many burgers and shakes you’ll eat next week – find out who they’ve partnered with the help them do it; Hadoop growth aims at over $20 billion globally by 2018 says a new market report; Tidemark has a $13 million dollar storyline to tell you, and more…  

Hadoop Market Targeting $20.9 Billion by 2018, Says Group

Hadoop momentum shows no signs of slowing down, according to a new market report released this week by Transparency Market Research.  While the global Hadoop market was worth $1.5 billion in 2012, the research firm predicts a compound annual growth rate of 54.7% between 2012 and 2018 for a global market size of $20.9 billion.

Due to the complexities of Hadoop, the group says that “services” accounted for about half of the market share, followed by hardware, however they expect this to change during the forecasted growth period with software being the fastest growth segment, surpassing hardware by 2017.

The report says that while government is currently the largest consumer of the Hadoop framework, Telecommunications is on the path to “full-fledged adoption,” and is expected to be the fastest growing market segment for the framework over the next six years.

All this growth faces a challenge familiar with a fast growing technology – especially one as complicated as Hadoop: a shortage of qualified work professionals.

|– Tidemark’s $13 Million Haul – >

Tidemark’s $13 Million Haul

Momentum continues in the cloud-based analytics space with Tidemark announcing this week that they have landed $13 million in new venture financing. The new haul was led by Tenaya Capital with participation from existing investors, Greylock Partners, Andreessen Horowitz and Redpoint Ventures.

Momentum is gaining for cloud analytics, Tidemark CEO, Christian Gheorghe, told Datanami this week. “We’re seeing a clear move from customers in choosing cloud-based analytics over legacy offerings,” said Gheorghe, noting that Tidemark has experienced 250 percent year-over-year growth in the first half of its fiscal year, which ended July 31.

The company, which hosts its cloud services on the Verizon Terremark cloud, recently released an infographics package on their service called “Storylines.” The package takes data a step past the standard data dashboard and looks to use infographics to tell a story with the information.

Tidemark plans on increasing the ease of use of their platform, said Gheorghe, anticipating added features such as voice recognition and other tools too decrease time to analysis and increase actionability.

Gheorghe says that Tidemark has raised $48 million to date, and expects that this will be the last funding round outside of a mezzanine round preceding a public market event 16-18 months from now.

|–GridGain Gains $10 Million for In-Memory Computing — >

GridGain Gains $10 Million for In-Memory Computing

More money is pouring into the big data arena, with in-Memory Computing vendor, GridGain Systems, announcing this week that they’ve gotten in on the action with their own $10 million dollar bump in a Series B round of funding. The round was led by new investor, Almaz Capital.

Founded in 2007, GridGain offers Java and Scala based open source middleware aimed at the real-time processing of big data.  The company offers an array of purpose built packages, including in-memory HPC, in-memory streaming, and an in-memory database, as well as Hadoop and MongoDB accelerators.

“During the next two to three years, In-Memory Computing will become a key element in the strategy of organizations focused on improving effectiveness and business growth. Organizations looking for cost containment and efficiency will also increasingly embrace IMC,” said Massimo Pezzini, Vice President and Fellow, Gartner. “In-memory will have an industry impact comparable to web and cloud.”

|–Data Viz and Analytics Players Team Up in the Cloud — >

Data Viz and Analytics Players Team Up in the Cloud

1010data and Tableau Software have announced a partnership aimed at enticing customers to step into the clouds.

The partnership teams 1010Data’s cloud-based analytics platform with Tableau’s broad set of visualization capabilities (which found their way into the cloud earlier this month).

Showcasing the partnership, the companies pointed to SONIC, America’s Drive-In fast food restaurant, who they say is leveraging the joint solution for analysis on new marketing programs and menu revisions across their 3,500 locations.

“Using 1010data and Tableau Software, we can analyze critical business trends and predictive patterns across billions of transactions and present dashboards with visualizations to our managers who need answers in minutes,” said Craig Miller, Senior Vice President and Chief Information Officer for Sonic Corp.

|–Tresata Adds Data Science Partner — >

Tresata Adds Data Science Partner

In more partnership news, analytics software vendor, Tresata, says that they’ve partnered with real estate analytics company AVAC (Advanced Valuation Analytics Corporation). The partnership aims to take the combined expertise of the two organizations to develop new analytic applications for Hadoop.

Tresta brings to the table serious Hadoop chops, having architected every piece of their analytics software for the framework. AVAC boasts data science muscle with a cast of economists and computer scientists from NYU who participated development of a real estate valuation model combining their secret data science sauce with machine learning. 

The group expects the first applications developed as a result of the partnership to launch in early 2014.

| — Return to Datanami Home — >