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Features

How Credit Card Companies Are Evolving with Big Data

May 3, 2016 |

As overseers of our digitized marketplaces, credit card companies have a bird’s eye view of what we buy. If you want to know what American consumers are interested in, there’s perhaps no better way that to examine their purchase histories, so it’s no wonder that credit card companies, such as American Express, Capital One, JP Chase Morgan, and Citibank are at the forefront of big data mining. One of the credit card companies doing a lot of work in this Read more…

How Big Data Improves Logging and Compliance

May 2, 2016 |

Compliance has never been easy. Organizations have to meet a myriad of external regulations, frameworks, and internal mandates such as PCI, HIPAA, FISMA, NERC, ISO and the EU Data Directive, many of which have a long list of required technical controls. Many large organizations have five or more regulations or mandates they must comply with. Organizations face many challenges to meet these requirements including experiencing difficulty complying with the technical controls required by the regulations and mandates, especially: Requirements around Read more…

AI to Surpass Human Perception in 5 to 10 Years, Zuckerberg Says

Apr 29, 2016 |

Machine learning-powered artificial intelligence will match and exceed human capabilities in the areas of computer vision and speech recognition within five to 10 years, Facebook CEO Mark Zuckerberg predicted this week. Like most of the Web giants, Facebook (NASDAQ: FB) uses machine learning technology to leverage its massive data set and deliver better services to its customers. Algorithms work behind the scenes at Facebook to do things like recommend new connections to Facebook users, to present content that matches a Read more…

A Big Data App to Help You Travel Safer

Apr 28, 2016 |

Let’s face it: the world is a dangerous place. From terrorist attacks and earthquakes to outbreaks of hemorrhagic fever and pickpockets, there are a thousand ways for an American to stumble into trouble when travelling abroad. Now a new app from Prescient aims to help travelers stay safe by tapping into real-time data feeds, analyzing threats, and sending alerts when users wander too close to danger. Prescient Traveler is a mobile app that functions as a digital concierge for businesspeople, Read more…

SnappyData Gets Funded for Spark-GemFire Combo

Apr 27, 2016 |

SnappyData today announced it has received $3.65 million in Series A funding to build a business around its real-time analytics platform that combines Apache Spark, Pivotal’s GemFire data grid, and an innovative data approximation method that makes big data more manageable. SnappyData was spun out of Pivotal earlier this year to pursue development of its technology platform, which essentially combines the data manipulation capabilities of Apache Spark and Spark Streaming, the in-memory persistence of the GemFire’s data grid, and an Read more…

News In Brief

More Tips For Navigating Big Data

May 3, 2016 |

As big users of big data try to bridge the widening analytical skills gap via everything from training programs and online courses to graduate school centers of excellence, a range of strategies are emerging to help master big data analytics. The latest is a tutorial covering the extremely promising jobs prospects in data analytics, what computer languages and skills are in most demand and, lastly, a tip sheet for mastering big data analytics. The guide was released this week by Read more…

Neo4j Pushes Graph DB Limits Past a Quadrillion Nodes

Apr 26, 2016 |

A graph database with a quadrillion nodes? Such a monstrous entity is beyond the scope of what technologist are trying to do now. But with the latest release of the Neo4j database from Neo Technology, such a graph is theoretically possible. There is effectively no limit to the sizes of graphs that people can run with Neo4j 3.0, which was announced today, says Neo Vice President of Products Philip Rathle. “Before Neo4j 3.0, graph sizes were limited to tens of Read more…

Exascale Storage Targets Big Data Archives

Apr 21, 2016 |

With exascale computing comes the requirement for exascale storage. Such a storage platform has emerged in the form of what is touted as the largest capacity tape storage library aimed initially at media and entertainment companies but also targeting HPC applications. Spectra Logic of Boulder, Colo., unveiled its exascale tape storage system at this week’s National Association of Broadcasters annual trade show—hence, the media emphasis. However, Spectra Logic has previously worked with NASA’s Advanced Supercomputing Division at its Ames Research Read more…

Alliance Coalesces Around Mesosphere Platform

Apr 21, 2016 |

The datacenter operating system movement continues to gather momentum with the announcement by Apache Mesos developer Mesosphere of a broad alliance backing the beta release of an all-encompassing platform for building and scaling enterprise applications. The new platform, dubbed DC/OS, is based on Mesosphere’s datacenter operation system tool. The initial release of DC/OS announced on Tuesday (4/19) expands earlier capabilities to include running application containers at scale along with “single-click” installation of more than 20 services. DC/OS is further touted Read more…

Analytics Increasingly Seen Embedded in Apps

Apr 18, 2016 |

Demand for embedded analytics is surging, according to a new industry study that found a growing number of user want analytics integrated with applications. Further, that combination translates into a greater use of embedded analytics, nearly double that of business intelligence tools, the study found. The embedded analytics study released in mid-April by vendor Logi Analytics also noted that the trend toward embedded tools is being driven by the view that an application’s value is tied to data and the Read more…

This Just In

Levyx Raises $5.4M to Supercharge Big Data Processing Platforms Like Apache Spark

Apr 28, 2016 |

PALO ALTO and IRVINE, Calif., April 28 — Levyx Inc., whose high-performance processing technology dramatically reduces infrastructure costs associated with big-data applications, today announced the closing of a $5.4 million Series A round led by Chicago-based OCA Ventures. Additional investors include Palo Alto, Calif.-based Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual executives from leading technology companies like EMC and SAP. Levyx’s flagship data engine, Helium, is built for the modern ‘open-platform’ commodity-hardware datacenter. Bridging the Read more…

SGI Reports Fiscal Third Quarter 2016 Financial Results

Apr 28, 2016 |

MILPITAS, Calif., April 28 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics and data management, has reported financial results for its fiscal third quarter ended March 25, 2016. The data in this release is presented on both a GAAP and non-GAAP basis and a reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release. Total revenue for the third quarter was $132 million compared to $119 million in the third quarter Read more…

Capgemini and FICO Partner to Offer Risk and Fraud Expertise in Financial Services

Apr 25, 2016 |

April 25 — FICO, the predictive analytics and decision management software company, and Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced they have formed an alliance to meet the increasing market need for analytic solutions in financial services. The alliance will provide FICO’s risk and fraud management products through Capgemini’s consulting and integration services in North America. “FICO is an industry leader in credit risk and fraud management products. Many of the world’s leading Read more…

MemSQL Raises $36M in Series C Round

Apr 21, 2016 |

SAN FRANCISCO, Calif., April 21 — MemSQL, provider of the fastest database platform for real-time analytics, today announced it has closed its series C financing raising $36 million. The oversubscribed round includes new investors REV and Caffeinated Capital, as well as all existing investors Accel Partners, Khosla Ventures, Data Collective, IA Ventures, and First Round Capital. This latest MemSQL funding round brings the total amount raised to $85 million, accelerating the company’s mission to help the world’s largest companies meet new Read more…

Hortonworks to Announce First Quarter 2016 Financial Results on May 4

Apr 15, 2016 |

SANTA CLARA, Calif., April 15 — Hortonworks, Inc. (NASDAQ: HDP) will report results for its first quarter ended March 31, 2016 on May 4, 2016. The results will be included in a press release with accompanying financial information that will be released after market close and posted on the Hortonworks Investor Relations website. Hortonworks’ executive management team will host a conference call on May 4, 2016 beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss financial results and business highlights. Read more…