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Tape Gets Second Wind as Big Data Mounts

Sep 16, 2014 |

Think tape is dead in our big data world? Think again. This week, the National Center for Supercomputing Applications (NCSA) announced that it bought 20PB of tape capacity to expand the world’s biggest data archive. Meanwhile, the LTO Program has plotted out a roadmap for the next decade that will eventually see a single LTO tape cartridge storing 120 TB of data. While tape is looked down upon in our speed-obsessed culture, the old standby has proven its relevance in Read more…

MapR Puts Apache Drill into Hadoop Distro

Sep 16, 2014 |

Organizations today demand tools that provide familiar SQL-based access to data stored on HDFS. Today, MapR Technologies gave its customers yet another SQL interface when it announced support for Apache Drill 0.5 in the new release of its commercial Hadoop distribution, MapR 4.0.1. Apache Drill is an open source framework that delivers a full SQL-compliant interface that allows users to query unstructured data stored on HDFS for data discovery purposes. The project, which is backed by MapR and is an Read more…

Three Things Apache Spark Needs to Out-Hadoop Hadoop

Sep 15, 2014 |

It’s only September, but it’s clear that 2014 will go down as the Year of Apache Spark. While the open source processing framework has gathered an enormous amount of momentum within the Hadoop ecosystem, there are three areas where the Spark community should focus on if it’s going to shine brighter in 2015. Apache Spark stormed the big data scene early in the year, becoming the Hot New Thing in an industry that generates Hot New Things at increasingly breakneck Read more…

DataStax Nabs $106 Million, Sets Sites on International Expansion

Sep 4, 2014 |

DataStax, the company behind the NoSQL database Apache Cassandra, today announced it has brought in $106 million in new financing, bringing its total financing figure to $190 million. Much of the Series E round will go toward expanding DataStax’s international presence, particularly in Asia, company executives say. “Things are definitely good,” Matt Pfeil, co-founder and chief customer officer at DataStax, told Datanami in an interview this week. “We’ve got over 25 percent of the Fortune 100 as customers, and more Read more…

Speech-to-Text Puts New Twist on Sentiment Analysis

Sep 3, 2014 |

Mining Facebook and Twitter posts for clues about customer sentiment is one of the most common big data workloads today. Now, thanks to improvements in the accuracy of speech-to-text algorithms and dropping storage costs, big data firms like Clarabridge are helping companies tap into customers’ raw sentiments and emotions, as expressed through recordings of call center conversations. Clarabridge helps big companies like Wal-Mart, United Airlines, and Bank of America better understand their customers. The customer experience management (CEM) vendor runs Read more…

News In Brief

Data Execs Thinking Big, Worried about Securty, Skills

Sep 15, 2014 |

Another industry survey has concluded that big data is helping global companies identify new revenue sources while developing new products and services. But a majority of executives responding to a survey by consulting firm Accenture Analytics also said they remain concerned about data security and a growing lack of data analytics talent. New York-based Accenture said its study was based on a survey of C-level information, data, analytics, operations and financial officers from 19 countries and seven industries. “They’re recognizing Read more…

MapR Reports Accelerated OpenTSDB Performance

Sep 9, 2014 |

Eyeing new Internet of Things (IoT) applications, MapR Technologies said its open-source distribution of Apache Hadoop “ingested” more than 100 million data points per second. The performance benchmark for the MapR distribution with its in-Hadoop NoSQL database, MapR-DB, was achieved using only four nodes of a ten-node cluster. By accelerating its OpenTSDB software by a factor of 1,000 on a small cluster, MapR claimed the performance clears the way for managing huge amounts of data along with IoT and other Read more…

Survey: Big Data Deployments Reaching ‘Tipping Point’

Sep 8, 2014 |

Most big data deployments are still being evaluated but may be approaching a “tipping point” as they move toward production, according to big data market researcher Wikibon. Wikibon analysts stressed that much of its recent survey data represents the sentiments of early adopters of big data analytics, adding that analytics technologies are still “relatively immature.” Another Wikibon survey last year concluded that nearly half of big data practitioners had yet to realize a return on their data analytics investment. Despite Read more…

Insurer Embraces Data Analytics to Shape Benefits Coverage

Sep 5, 2014 |

The U.S. insurance industry is attempting to move beyond actuarial tables to leverage data analytics in helping insurance brokers and employers tailor benefit plans for those workers still covered under employer benefit plans. Sun Life Financial Inc. said this week it has launched a benefits planning tool that uses data analytics to customized employee benefits plans. The “Benefit Profile” uses employer demographics and industry benchmark data to aide brokers in designing benefit plans and “enrollment strategies” for employers. Data analysis Read more…

Big Data Salaries, Job Offers on the Rise

Sep 3, 2014 |

As demand for predictive analytics professionals grows, median base salaries and retention bonuses continue to rise as more companies in more industries jump on the big data bandwagon. According to a salary survey of predictive analytics professionals released Sept. 3 by Burtch Works, the executive recruiting consultant, median base salaries over the last 12 months ranged from $95,000 for data analysts to $145,000 for managers. Seventy-one percent of data workers surveyed said they were eligible for bonuses while 91 percent Read more…

This Just In

Lumiata Receives Additional $6M in Funding

Sep 11, 2014 |

SAN MATEO, Calif., Sept. 11 – Lumiata, a provider of predictive analytics based on medical science, announced today that it has added another $6 million to its Series A round to power a data-driven transformation of healthcare. A big data revolution is under way in healthcare across every major healthcare organization. Mckinsey estimates that more than $300 to 400 billion in healthcare cost savings can be realized from new protocols and effective use of data. While the healthcare system is just beginning to appreciate Read more…

Splunk Reveals Fiscal Second Quarter 2015 Financial Results

Aug 29, 2014 |

SAN FRANCISCO, Calif., Aug. 29 — Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, has announced results for its fiscal second quarter ended July 31, 2014. Second Quarter 2015 Financial Highlights Total revenues were $101.5 million, up 52% year-over-year. License revenues were $62.1 million, up 44% year-over-year. GAAP operating loss was $60.4 million; GAAP operating margin was negative 59.4%. Non-GAAP operating income was $1.6 million; non-GAAP operating margin was 1.6%. GAAP net loss per share was $0.51; non-GAAP net income Read more…

Glassbeam Receives $2M in Additional Funding

Aug 27, 2014 |

SANTA CLARA, Calif., Aug. 27 — Glassbeam, Inc., the machine data analytics company, today announced significant new momentum with $2 million in additional funding. The investment, led by VKRM Group, a boutique venture capital firm investing in entrepreneurs building innovative and industry-leading businesses, will be used to continue the refinement of its unique, patentable Internet of Things (IoT) platform — Glassbeam SCALAR. Designed to analyze the exploding amounts of machine data being generated with the rise of connected devices, Glassbeam SCALAR is Read more…

Guavus Raises $20M in Funding

Aug 26, 2014 |

SAN MATEO, Calif., Aug. 26 — Guavus, Inc., a leading provider of big data analytics solutions for operational intelligence, today announced it has raised a $20 million round of new funding from investors and strategic partners, bringing total investment to over $107 million. Investors include Artiman Ventures, Sofinnova Ventures, Intel Capital, SingTel Innov8, Investor Growth Capital, QuestMark Partners, TransLink Capital and Goldman Sachs. The company will use the funds to continue to innovate its award-winning operational intelligence platform and bolster its Read more…

Guavus Raises $20M in Funding

Aug 21, 2014 |

SAN MATEO, Calif., Aug. 21 — Guavus Inc., a leading provider of big data analytics solutions for operational intelligence, today announced it has raised a $20 million round of new funding from investors and strategic partners, bringing total investment to over $107 million. Investors include Artiman Ventures, Sofinnova Ventures, Intel Capital, SingTel Innov8, Investor Growth Capital, QuestMark Partners and Goldman Sachs. The company will use the funds to continue to innovate its award-winning operational intelligence platform and bolster its suite of analytically Read more…