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Software-Defined Storage Takes Off As Big Data Gets Bigger

Jul 16, 2014 |

The ongoing explosion of data is forcing users to adapt their storage methodologies beyond traditional file- and block-level storage. Object stores and software-defined storage mechanisms, in particular, are quickly gaining footholds at organizations that need to store massive unstructured data sets. Meanwhile, some vendors are promoting a twist on object stores with new “data-defined” storage techniques. File-level storage works well with traditional structured data, such as what you might find in a commercial accounting system using direct-attached storage devices (i.e. Read more…

Can You Trust Your Algorithms?

Jul 15, 2014 |

Algorithms are critical to how we interact with data. And as the volume and variety of data increases, so does our reliance on algorithms to give us the answers we seek. But how much faith should you put into those algorithms, and how can you be sure they’re not misleading you? They’re not simple questions, but through the use of algorithmic differentiation techniques, data scientists can get more precise answers. Algorithmic differentiation, sometimes called automatic differentiation, is a technique used Read more…

HP Throws Trafodion Hat into OLTP Hadoop Ring

Jul 14, 2014 |

Hewlett-Packard last month quietly unveiled Trafodion, an ANSI-compliant relational SQL database that’s now available as an open source productd. With two decades of development at HP and the new capability to run on top of HBase, Trafodion could provide a big boost to efforts to run transactional workloads on Hadoop. The database technology behind Trafodion (which is Welsh for “transaction”) has been around for a long time at Hewlett-Packard, but it was dancing perilously close to the waste bin of Read more…

Where Does Spark Go From Here?

Jul 11, 2014 |

The excitement behind Apache Spark reached an apex last week during the 2014 Spark Summit put on by Databricks, the company behind the in-memory analytics phenomenon. With a large community of users and growing support from software vendors, the future for Spark certainly appears bright. But there’s a large amount of work ahead to fulfill the promise of Spark, including hardening various components. Providing an easier-to-use alternative to MapReduce is the first use case for Spark, which is said to Read more…

Three Ways Big Data is Impacting Financial Services

Jul 9, 2014 |

Companies across industries rely on complicated processes to generate the data they need to drive business. But all too often, these processes are slow and are limited by storage capacity.  Today, many companies in the financial services industry are tapping into the power of big data analytics to help them overcome these challenges. Big data is helping companies in the financial services industry in a variety of ways. For starters, it gives them more space for gathering and storing data. Read more…

News In Brief

Auto Data Being Culled to Understand Driver Preferences

Jul 21, 2014 |

Automotive electronics that have enabled the installation of what amount to networks in vehicles are delivering a raft of new telematics and other features for drivers. These systems are also generating huge volumes of data – 25 gigabytes an hour, according to one estimate – that auto makers are struggling to harness as a way to better understand customer trends and preferences. Call centers, sales and marketing were the traditional methods used to gather customer data. Emerging big data platforms Read more…

Survey Finds Business Insights in Operational Data

Jul 18, 2014 |

Operational intelligence derived from automated data collection and traditionally used to manage IT infrastructure could also be leveraged to gauge how transaction-based businesses are performing. Furthermore, machine-generated data could even be exploited to adjust business systems and processes in real-time to account for customer preferences, concludes a recent study that looked at ways of gleaning business insights from seemingly mundane operational intelligence. The study, “Masters of Machines: Business insight from IT operational intelligence,” argues that turning operational intelligence into business Read more…

GraphLabs Wises Up Machine Learning Platform

Jul 16, 2014 |

GraphLabs Inc., a machine learning startup, rolled out a new software platform this week it says will bring expanded machine-learning capabilities to enterprises struggling to find data scientists. The GraphLab Create 1.0 platform is said to automate key aspects of advanced big data analytics so a diverse range of companies can use machine learning to squeeze more business intelligence out of operational and other data. Seattle-based GraphLabs also claims its Create platform is the first to apply advanced machine learning Read more…

Survey: Variety, Not Volume, Stymies Data Scientists

Jul 1, 2014 |

Diverse data types, not just the volume of data, is the biggest challenge faced by data scientists, according to a new survey of big data practitioners. One consequence, warns the survey by computational database specialist Paradigm4, is that data variety is causing frustrated scientists to “leave data on the table.” Of the 111 data scientists responding to the survey, fully 71 percent said big data made analytics more difficult. Data variety rather than volume was most often cited as the Read more…

Cloudera, Dell, Intel Target ‘Big Data Ecosystem’

Jun 24, 2014 |

Cloudera, Dell and Intel said they plan to launch dedicated Dell In-Memory Appliances for the Cloudera Enterprise as a way to boost real-time analytics performance. The partners said the goal of the engineering partnership is to advance enterprise deployments of Apache Hadoop as well as to integrate hardware and software to help enterprises leverage advanced data analysis. The latter would be enabled through incorporation of real-time data streams into customers’ applications. The partners said the initial effort would be the Read more…

This Just In

Corvil Introduces New Streaming Analytics Platform

Jul 22, 2014 |

July 22 — Corvil, the IT data analytics company for business in the Now, today announced its new streaming analytics platform for real-time operational intelligence and big data integration. The new Corvil Giga release is a major step forward for the Financial Markets industry and others that need to operate their business in true real-time. Addressing the need to prepare for the new wave of financial regulations, mitigating risk against IT failure and malicious attack, accessing real-time operational intelligence to Read more…

IBM Announces $3 Billion Research Initiative

Jul 10, 2014 |

ARMONK, N.Y., July 10 – IBM today announced it is investing $3 billion over the next 5 years in two broad research and early stage development programs to push the limits of chip technology needed to meet the emerging demands of cloud computing and Big Data systems. These investments will push IBM’s semiconductor innovations from today’s breakthroughs into the advanced technology leadership required for the future. The first research program is aimed at so-called “7 nanometer and beyond” silicon technology that Read more…

IBM Commits $100M to Nurture Big Data and Analytics Talent in China

Jul 8, 2014 |

ARMONK, N.Y. and BEIJING, China, July 8 – IBM today announced it has embarked on a major collaboration with China’s education ecosystem – as a result of the Memorandum of Understanding that IBM signed with the Ministry of Education in the first quarter – focused on addressing the burgeoning Big Data and Analytics (BD&A) skills opportunity in China. Dubbed IBM U-100, IBM will donate a range of IBM BD&A software worth US$100 million and provide expertise to support 100 universities in China to create the next generation of data scientists at three levels: Read more…

SiSense Announces $30M in Series C Financing

Jun 12, 2014 |

NEW YORK, N.Y., June 12 — SiSense, a leader in big data analytics for business users, today announced $30 million in new financing led by prominent venture capital firm DFJ Growth, with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital. “SiSense is leading a new generation of business intelligence and analytics applications with a technology that is robust and sophisticated yet simple to use,” said Randy Glein, DFJ Growth Managing Director, who is joining SiSense’s board of Read more…

Elasticsearch Raises $70 Million in Series C Financing

Jun 5, 2014 |

LOS ALTOS, Calif. and AMSTERDAM, The Netherlands, June 5 – Elasticsearch, Inc., provider of an end-to-end real-time search and analytics platform, today announced it has raised $70 million in Series C financing from New Enterprise Associates (NEA), with additional participation from Benchmark Capital and Index Ventures. Along with this investment, NEA General Partner Harry Weller takes a seat on the Elasticsearch Board of Directors. Born as a search company, Elasticsearch now offers a full technology solution – the Elasticsearch ELK stack – Read more…