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If You’re Missing Fast Data, Big Data Isn’t Working for You

Aug 19, 2014 |

Big Data analytics are all the rage. There is little doubt some great things can be accomplished when an organization takes to mining its data to produce meaningful change in the business. Yet, 64 percent of enterprises that invest in Big Data projects struggle to unlock the value of their Big Data insights, according to analyst firm Gartner. A recent survey on Big Data by my company revealed that 72 percent of respondents could not utilize the majority of the Read more…

Cloud Era Rising for Analytics?

Aug 19, 2014 |

Big organizations have traditionally run analytics on-site, for a number of reasons, including data security concerns. But the rise of flexible cloud deployment models and the rapid pace of product development are helping cloud offerings to chip away at on-site deployments, especially for analyzing data that originates in the cloud. The IT world has not been the same since Amazon Web Services first took to the Net way back in 2006. Suddenly, a business of any size had an easy Read more…

Five Ways CDOs Turn Data into Dollars

Aug 7, 2014 |

The number of people in the C-suite has grown, often including the addition of the Chief Data Officer. If an organization doesn’t have one yet, it likely will soon. By one estimate, roughly 25 percent of all global corporations will have CDOs by 2015. The CDO is the visionary behind a company’s overall data strategy and responsible for the integrity and security of the data, as well as its monetization. The title may seem faddish, but it’s not. In fact, Read more…

This Information Concierge Is Powered by Big Data

Aug 5, 2014 |

In a sea of big data, it can be nice to have a trusted hand to guide you. One firm that’s having success with its white-glove corporate intelligence service is FirstRain, which today announced it’s adapting the user experience of its big data-powered platform to better fit the needs of busy professionals who are increasingly inseparable from their mobile devices. FirstRain makes a living by browsing the Internet in search of any piece of information that’s useful to its clients, Read more…

Dremel Builder Gets $7M for SQL-Based Supertool

Aug 5, 2014 |

Big data startup Metanautix emerged from stealth mode today by announcing a $7-million round of venture funding to further development of a SQL-based power tool. Led by the former Google engineer who headed the development of Dremel, the company aims to dissolve product and technology barriers by “re-imagining” SQL at the heart of an emerging big data supply chain. SQL is enjoying a renaissance as the big data boom continues to reverberate throughout the IT and business sectors. While emerging Read more…

News In Brief

U.S. Enlists Big Data to Fight Securities Fraud

Aug 19, 2014 |

The U.S. Securities and Exchange Commission (SEC) moved to reform its enforcement practices after missing the Bernard Madoff Ponzi scheme and other financial fraud by creating an Office of Market Intelligence in 2010. The office was intended to make use of new intelligence tools like big data analysis to improve securities enforcement. So far, the results of the SEC efforts have been mixed, according to the author of a recent law review article focusing on how the office has leveraged Read more…

FTC Expands Scrutiny of Big Data Practices

Aug 14, 2014 |

The Federal Trade Commission (FTC) is stepping up its scrutiny of big data practices as concerns grow about misuse of private data collected by banks, retailers and other enterprises. The regulatory agency’s Bureau of Consumer Protection is hosting a Sept. 15 workshop. “Big Data: A Tool for Inclusion or Exclusion?” The event comes in response to growing concerns about individual privacy as mobile devices, cloud computing and predictive analytics techniques proliferate. FTC said it would examine whether big data is Read more…

Startup Adatao Raises $13M for Big Data 2.0 Platform

Aug 13, 2014 |

Big data startup Adatao Inc. recently announced a $13 million funding round along with additions to its board of directors as it seeks to expand the customer base for big data analytics. Adatao [ah-DAY-tao], Sunnyvale, Calif., was founded in 2012 by former Google and Yahoo engineers. It is betting on Apache Spark as the best platform for deploying a simplified user interface. The interface is said to resemble Google Docs. The Series A funding round was led by Andreessen Horowitz, Read more…

Climate Researchers Crunch Data on Weather Extremes

Aug 5, 2014 |

Few data science problems can top weather forecasting and climate modeling for sheer complexity. Hence, big data is playing a key role in tracking changes in global climate and, with it, weather and climate extremes. The application of data analysis to decades of weather and climate data can provide insights that inform billion-dollar investments in agriculture, commodities, insurance and the financial sector, experts stress. More insights could be drawn from recent research at Northeastern University in Boston that used climate Read more…

Are Data Lakes All Wet?

Aug 4, 2014 |

Enterprise data management platforms known as “data lakes” are being promoted as, among other things, a potential solution to “information siloes” by combining different managed collections of data in an unmanaged data lake. The theory is that data consolidation will increase use and sharing of information while reducing storage and server costs. However, a new market study dismisses most of those claims as a “fallacy,” arguing instead that enterprises still require secure data repositories, in other words, data warehouses. At Read more…

This Just In

DDN Reports Results for First Half of 2014

Aug 19, 2014 |

SANTA CLARA, Calif., Aug. 19 – DataDirect Networks (DDN) today announced impressive revenue traction for the first six months of 2014, demonstrating a strong trajectory of profitable growth for the company heading into the second half of the year. The company added more than 20 net new petabyte-class customers including one of world’s largest banks, a leader in global oil and gas exploration, and a major Japan-based automobile manufacturing company, increasing the storage capacity sold year-to-date to over 250PBs. In the first Read more…

NetApp Reports First Quarter Fiscal Year 2015 Results

Aug 14, 2014 |

SUNNYVALE, Calif., Aug. 14 – NetApp has reported financial results for the first quarter of fiscal year 2015 ended July 25, 2014. First Quarter Financial Results Net revenues for the first quarter of fiscal year 2015 were $1.49 billion. GAAP net income for the first quarter of fiscal year 2015 was $88 million, or $0.27 per share,compared to GAAP net income of $82 million, or $0.23 per share, for the comparable period of the prior year. Non-GAAP net income for the Read more…

PROS Holdings Reports Second Quarter 2014 Financial Results

Aug 8, 2014 |

HOUSTON, Tex., Aug. 8 — PROS Holdings, Inc., a big data software company, today announced financial results for the second quarter ended June 30, 2014. Total non-GAAP revenue for the second quarter of 2014 was $46.5 million and represented an increase of 31% over the second quarter of 2013. CEO Andres Reiner stated, “Overall we had a strong second quarter at PROS. Our team is deeper and broader, our portfolio of world-class customers is growing, our pace of product innovation Read more…

Second Quarter Financial Results Revealed by Teradata

Aug 7, 2014 |

ATLANTA, Ga., Aug. 7 – Teradata Corp. reported revenue of $676 million for the quarter ended June 30, 2014, an increase of 1 percent from $670 million in the second quarter of 2013. Revenue in the second quarter increased 1 percent when compared in constant currency. Gross margin was 54.9 percent, as reported under U.S. Generally Accepted Accounting Principles (GAAP), versus 56.6 percent in the second quarter of 2013. On a non-GAAP basis, excluding stock-based compensation expense and the other special items described in footnote #2, gross margin was Read more…

Actuate Reports Second Quarter 2014 Financial Results

Aug 7, 2014 |

SAN MATEO, Calif., Aug. 7 – Actuate Corporation, The BIRT Company and the leader in personalized analytics and insights, today announced financial results for the second quarter 2014. Second quarter 2014 Financial and Operational Highlights Total non-GAAP revenue of $26.7 million; Total license revenue of $7.3 million; Subscription bookings of $1.6 million; Booked 58 transactions greater than $100,000; Non-GAAP operating income of $1.1 million; Non-GAAP fully diluted EPS of $0.02; Total cash and short-term investments of $59.4 million on June 30, Read more…