Big Data • Big Analytics • Big Insight

Sectors » Financial Services

Features

Rating the Advanced Analytics Vendors

Feb 27, 2015 |

There are several ways you can go about obtaining the advanced analytic capabilities needed to extract insights from large amounts of data. You can outsource the whole thing to a services firm, you can buy pre-built applications for a specific industry, or you can buy tools that will let you build what you need. Last week, Gartner rated the top 16 such build-it-yourself tools in the advanced analytics category. The “Magic Quadrant for Advanced Analytics Platforms” that Gartner delivered last Read more…

Big Data So Easy a Caveman Could Do It?

Feb 26, 2015 |

Let’s face it: big data isn’t easy. If you’re building a big data application today, you’re up to your eyeballs in things like R and Java, MapReduce and Pig, and Storm and Kafka. There’s a reason data scientists are so hard to find that they’re compared to unicorns. But in the future, the big data application assembly process may be dumbed down to the point where, as the insurance commercial says, even a caveman could do it. That’s the approach Read more…

How Advances in SQL on Hadoop Are Democratizing Big Data–Part 2

Feb 19, 2015 |

In a previous article, we discussed several key advances in SQL on Hadoop that are making Big Data capabilities increasingly accessible to analytics organizations. While SQL democratizes Big Data by leveraging conventional skillsets, SQL access to data in isolation is not a guarantee of sustainable analytic agility. Architects successfully integrating Hadoop to accelerate and expand analytic capabilities understand the value of data governance, transparency and common vocabulary to ensure actionable value-add analytic capabilities. Similarly, effective managers engaging new SQL on Read more…

Pivotal Throws in with Hortonworks and Open Source

Feb 17, 2015 |

Pivotal today pulled the plug on its proprietary big data strategy and uncorked a major repositioning that involves making core products like HAWQ, Greenplum, and GemFire open source and aligning its Hadoop fortunes with one-time rival Hortonworks. The software company also was revealed to be a founding member of the new Open Data Platform, which also launched today. Pivotal’s partnership with Hortonworks has several components, including product integration, joint engineering, and technical support. While Pivotal will continue to develop its Read more…

Apache Spark Continues to Spread Beyond Hadoop

Feb 13, 2015 |

Apache Spark is most often thought of as a faster replacement for MapReduce, the batch-oriented programming framework that enabled first-gen Hadoop to catch traction 10 years ago. Indeed, Spark was initially created with Hadoop in mind. But Spark’s promise of speedy and accessible analytics is catching on with other data stores beyond Hadoop, including relational databases. Spark’s relationship to Hadoop is strong. All of the major Hadoop distributors include the in-memory processing framework with their particular Hadoop distributions. Core Spark Read more…

News In Brief

Apache Spark Ecosystem Continues To Build

Feb 25, 2015 |

Apache Spark was everywhere at the recent Strata + Hadoop World conference. From Tableau’s new Spark interface to the new Spark as a service (SaaS) offerings and Intel’s new Spark initiative, the big data framework was very hard to miss. Intel jumped on Spark’s bandwagon last week when it announced it was forming a new initiative around the in-memory framework. “We have engaged with Databricks, one of the pioneers of Apache Spark, to advance analytics capability for the Spark on Read more…

Snowflake Differentiates Itself in Strata Startup Showcase

Feb 23, 2015 |

Snowflake Computing, a big data warehousing as a service provider, took home top honors at the Startup Showcase event held during last week’s Strata + Hadoop World conference. The award is a boost to the Silicon Valley company, which aims to be a one-stop shop for analyzing data generated on the cloud. Snowflake emerged from stealth mode in October with $26 million in cash and a vision to create an “elastic data warehouse” that lives in the cloud. The company, Read more…

IBM Embraces Hadoop in ‘BigInsight’ Push

Feb 19, 2015 |

IBM jumped onto the Hadoop bandwagon this week with the introduction of its BigInsights for Apache Hadoop offering along with machine learning with R statistical computing and other features designed to handle data analysis at massive scale. The introduction coincides with the launch of an industry initiative by IBM and others to promote Apache Hadoop and big data technologies in enterprises. IBM BigInsights for Apache Hadoop comes with a broad data science toolset to query data, visualize and carry out Read more…

Will Poor Data Security Handicap Hadoop?

Feb 19, 2015 |

Companies around the world are looking to Hadoop as a platform on which to perform big data analytics. Every day, petabytes of data are flowing into Hadoop clusters with the aim of giving them a competitive edge. However, the overall lack of built-in security threatens to hamper the open source platform’s spread before it’s really gotten off the ground. If you set out to build a big data platform today, chances are good that data security would be one of Read more…

Cloudera Brings Kafka Under Its ‘Data Hub’ Wing

Feb 18, 2015 |

Cloudera is making Apache Kafka a supported part of its Hadoop distribution, the company announced today. While Kafka still doesn’t run on Hadoop, Cloudera says the changes it is instituting will help CDH customers build real-time analytics applications that span Hadoop and Kafka. Kafka is an open source message broker that’s designed to handle massive flows of streaming, real-time data, such as log data. The software was originally developed at LinkedIn, which uses it to process hundreds of millions of Read more…

This Just In

Splunk Announces Fiscal Fourth Quarter and Full Year 2015 Financial Results

Feb 27, 2015 |

SAN FRANCISCO, Calif., Feb. 27 — Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, today announced results for its fiscal fourth quarter and full year ended January 31, 2015. Fourth Quarter 2015 Financial Highlights Total revenues were $147.4 million, up 48% year-over-year. License revenues were $98.1 million, up 43% year-over-year. GAAP operating loss was $57.1 million; GAAP operating margin was negative 38.7%. Non-GAAP operating income was $11.5 million; non-GAAP operating margin was 7.8%. GAAP loss per share Read more…

FD Acquires Prelyltix

Feb 26, 2015 |

Feb. 26 — FD, a leading technology provider, today announces it has acquired Prelytix Inc. for a maximum total consideration of US $20m. The acquisition brings together a market leader in the use of predictive analytics for lead generation and the world’s most powerful database platform kdb+. As a result, FD’s enlarged marketing technology division will now be able to provide its clients with deeper and more meaningful insights into customer intent. The acquisition of Prelytix forms part of FD’s Read more…

Hortonworks Reports Financial Results for Fourth Quarter and Fiscal Year 2014

Feb 25, 2015 |

SANTA CLARA, Calif., Feb. 25 — Hortonworks, the leading contributor to and provider of enterprise Apache Hadoop, today announced financial results for the fourth quarter and fiscal year 2014. “We are very pleased with our strong fourth quarter performance highlighted by billings growth of 148% year-over-year,” said Rob Bearden, chairman of the board of directors and chief executive officer, Hortonworks. “The completion of our initial public offering was an important milestone for us as it brought increased transparency, greater brand awareness and incremental resources Read more…

Sqrrl Enterprise 2.0 Launched

Feb 19, 2015 |

CAMBRIDGE, Mass., Feb. 19 — Sqrrl, the Big Data Analytics company that develops software to uncover hidden patterns, trends, and links in data, has announced the launch of Sqrrl Enterprise 2.0.  The release of Sqrrl Enterprise 2.0 coincides with securing $7M of Series B financing, led by Rally Ventures and with participation by existing investors, Atlas Venture and Matrix Partners. “Sqrrl is at the intersection of two of the most important trends facing the enterprise: cybersecurity and Big Data,” says new Read more…

Tableau Sees Global Growth

Feb 19, 2015 |

SEATTLE, Wash., Feb. 19 — On the heels of its 2014 earnings announcement, Tableau shared figures on the record growth of its business analytics products. After five years of exponential growth, the company reached $913 million in lifetime revenue – $413 million of which was generated in 2014. With that achievement, Tableau has become one of the fastest growing companies in the fifty-year history of business analytics software. “In the average week more than 150 organizations are moving to the Tableau way,” said Christian Chabot, CEO and Read more…