Big Data • Big Analytics • Big Insight

Sectors » Financial Services

Features

Congratulations Hadoop, You Made It–Now Disappear

Oct 20, 2014 |

Hadoop has matured at a rapid rate since it broke into the mainstream several years ago. With billions in venture funding, an eager community of developers, and a thriving ISV community, the open source big data platform seems poised to take a big step into the wider enterprise. But according to Cloudera’s chief strategy officer Mike Olson, Hadoop’s next big move may be to just disappear. Olson predicted Hadoop’s disappearance during a keynote address at last week’s Strata + Hadoop Read more…

DataTorrent Raises the Bar for Real-Time Streaming

Oct 15, 2014 |

There’s a lot of talk these days about real-time streaming applications. If analyzing and acting on new data is good, then doing it immediately must be better. The truth is, building real-time streaming applications is not easy work. One company that’s pushing the bar higher in this area is DataTorrent. DataTorrent develops a distributed Hadoop 2 application called Real Time Streaming (RTS) that enables users to act upon and analyze time-sensitive data, including call data records, log and machine data, Read more…

Hortonworks Goes Broad and Deep with HDP 2.2

Oct 15, 2014 |

From full support for Apache Spark, Apache Kafka, and the Cascading framework to updated management consoles and SQL enhancements in Hive, there’s something for everybody in Hortonworks’ latest Hadoop distribution, which was revealed today at the Strata + Hadoop World conference in New York City. Hadoop started out with two main pieces: MapReduce and HDFS. But today’s distributions are massive vehicles that wrap up and deliver a host of sub-components, engines, and consoles that are desired and needed for running Read more…

Cloudera Trots Out Impala 2.0 With Latest Hadoop

Oct 14, 2014 |

The modern Hadoop stack is so broad and so deep that it is hard to encapsulate the update to a commercial distribution of the data analytics platform in one fell swoop. But if you had to do it with the Enterprise 5.2 update coming out of Cloudera this week at Strata + Hadoop World, then the message would be broader and deeper SQL support and more automation to deploy Hadoop onto public clouds. The Cloudera Enterprise 5.2 release is based Read more…

How To Not Get Overwhelmed by Big Data

Oct 13, 2014 |

Big data, by its very nature, is overwhelming. Like a tsunami, the deluge of data we’re all experiencing–a Datanami, if you will–is a massive force that cannot be controlled. But by starting small and finding out what works for you, it’s possible to start harnessing today’s massive data flows, and prepare yourself for what comes next: even bigger data. Big data technologies like Hadoop, Spark, and NoSQL databases are causing organizations to rethink how they do enterprise IT. The possibilities Read more…

News In Brief

Israeli Startup Looks to Ease Hadoop Rollouts

Oct 20, 2014 |

An Israeli big data processing startup said this week it has secured $3 million in early-round funding and will launch its Hadoop-based platform in the U.S. Tel Aviv-based Xplenty announced Oct. 20 the Series A funding from Waarde Capital and existing seed investor Magma Venture Partners. The funding will be used to expand platform features on its cloud-based processing engine while the company expands globally. Xplenty also announced plans to offer its big data processing technology directly to U.S. customers. Read more…

Predixion Update Seeks to Ease Analytics Deployment

Oct 16, 2014 |

Continuing a trend toward easing the deployment of analytics while expanding access beyond data analysts to decision makers, analytics vendor Predixion Software has released the latest version of its predictive analytics platform. Predixion, San Juan Capistrano, Calif., said Oct. 15 version 4.0 of its “Insight” platform aims to expand access to predictive analytics to a range of production environments in vertical markets like health care and financial services. The company specializes in the “last mile of analytics,” that is, delivering Read more…

EMC, Pivotal Add Compute to Hadoop Data Lake

Oct 15, 2014 |

Storage vendor EMC Corp. and cloud specialist Pivotal have partnered to roll out a new version of a Data Lake Hadoop Bundle that adds a compute option to the big data product along with accelerated analytics that come with scaled out storage and computing along with analytics software. As data lakes gain momentum as scalable repositories for data generated from current and advanced workloads, EMC and Pivotal are positioning Data Lake Hadoop Bundle 2.0 as a tool for plumbing the Read more…

MongoDB Unveils Management Service Upgrades

Oct 14, 2014 |

MongoDB Inc. rolled out upgrades to its database management service this week that include automation features designed to speed the deployment and provisioning of MongoDB on Amazon Web Services and other cloud infrastructure. Upgrades to the MongoDB Management Service (MMS) announced on Oct. 14 address criticisms that the popular database remains difficult to deploy and maintain, company executive said. They estimate that the MMS upgrades could lower operational overhead by as much as 95 percent. Previously, labor-intensive tasks like writing Read more…

Salesforce Eyes Business Analytics with Wave Platform

Oct 13, 2014 |

Continuing the migration of data analytics to the enterprise, Salesforce.com said it is entering the analytics market with the roll out of its “analytics cloud” targeting business intelligence applications. The enterprise cloud-computing vendor said Oct. 13 its Wave analytics cloud platform would allow businesses to sift through sales and marketing data from any device. The new platform and more than 30 “ecosystem partners” were introduced at a company event in San Francisco this week. Among the keynote speakers at the Read more…

This Just In

Cazena Raises $8M in Series A Funding

Oct 20, 2014 |

WALTHAM, Mass., Oct. 20 — Cazena today announced it has assembled a team of technology luminaries to take on the next challenge in big data. To execute its vision, Cazena has raised $8 million in Series A funding led by Andreessen Horowitz and North Bridge Venture Partners. Cazena was founded by former leaders from Netezza where the team pioneered big data appliances. Netezza was acquired by IBM in 2010 for $1.7 billion. “We are thrilled to announce Cazena and our investors,” Read more…

Actian Express – Hadoop SQL Edition Released

Oct 16, 2014 |

NEW YORK, N.Y., Oct. 16 — Actian Corporation (“Actian”), the Hadoop analytics company, has launched the Actian Analytics Platform – Express Hadoop SQL Edition, a free community version of the industry’s first end-to-end analytics platform running 100 percent inside of Hadoop. With no limits on the number of Hadoop nodes, and data up to 500GB, Actian Express – Hadoop SQL Edition supercharges Hadoop adoption and accelerates time-to-value for organizations that have been struggling to get value from their Hadoop investments. Hadoop has Read more…

Nara Logics Brings Total Funding to $13M

Oct 15, 2014 |

CAMBRIDGE, Mass., Oct. 15 — Nara Logics, Inc., an artificial intelligence company focused on turning big data into smart data, announced today a $6 million Series A-2 financing round with participation from previous investors and new investors, including .406 Ventures. Larry Begley, co-founder and managing director of .406 Ventures and former CFO of The Boston Consulting Group and Razorfish, will join Nara’s board of directors. This funding brings the total amount raised to $13 million and allows the company to accelerate Read more…

NIH Invests $32M for BD2K Initiative

Oct 10, 2014 |

Oct. 10 — Wide-ranging National Institutes of Health grants announced today will develop new strategies to analyze and leverage the explosion of increasingly complex biomedical data sets, often referred to as Big Data. These NIH multi-institute awards constitute an initial investment of nearly $32 million in fiscal year 2014 by NIH’s Big Data to Knowledge (BD2K) initiative, which is projected to have a total investment of nearly $656 million through 2020, pending available funds. With the advent of transformative technologies Read more…

TSRI and STSI Granted $4.4M for BD2K Initiative

Oct 10, 2014 |

LA JOLLA, Calif., Oct. 10 – San Diego researchers at The Scripps Research Institute (TSRI) and Scripps Translational Science Institute (STSI) will receive more than $4.4 million as part of a National Institutes of Health (NIH) initiative called “Big Data to Knowledge” (BD2K). The funding will be part of a new Center for Excellence for Big Data Computing at University of California, Los Angeles (UCLA), one of the 12 new centers nationwide announced today by the NIH. Over the course of Read more…