Sectors » Financial Services


3 Ways Big Data Is Being Used in IT

Aug 25, 2016 |

The big data revolution is transforming how business gets done across multi-trillion-dollar industries like financial services, healthcare, manufacturing, and retail. Heck, even the Federal Government, with its nearly $4-trillion budget, is getting in on the act. Read more…

Forrester’s Crowded NoSQL Wave Shows Abundant Options

Aug 24, 2016 |

The increasingly crowded NoSQL database market promises to give customers lots of storage options for next-gen and big data applications. That’s one of the takeaways from the recent Forrester Wave for Big Data NoSQL solutions, which gave NoSQL database giant MongoDB top honors in a big pack. Read more…

Don’t Be a Big Data Snooper

Aug 23, 2016 |

One of the biggest challenges that data scientists face is separating true predictors from false ones. When an airtight causal model can’t be created, data scientists often look to a secondary class of models based on correlations to accurately predict outcome. Read more…

5 Factors Driving the Graph Database Explosion

Aug 19, 2016 |

There’s no denying it: Graph databases are hot. According to, graph databases have outgrown every other type of database in popularity since 2013, and not by a small margin either. Read more…

The SQL Service at the Heart of Amazon Kinesis Analytics

Aug 17, 2016 |

Amazon Web Services gave real-time application developers a boost last week when it unveiled Amazon Kinesis Analytics, a new service for continuously querying streaming data using good old SQL. The service hooks into the entire Kinesis suite available from AWS, but the core underlying technology was developed by a third-party vendor you might not be familiar with. Read more…

News In Brief

Bullish Forecast for Hadoop Services

Aug 25, 2016 |

Despite major market inroads being made by Apache Spark, a new forecast estimates the global market for the Hadoop big data framework will continue to grow at a healthy clip through 2021, fueled in part by growing enterprise demand for Hadoop services. Read more…

‘Smart Machines’ Top the Hype Cycle, Gartner Says

Aug 22, 2016 |

Every summer, technologists turn to Gartner’s Hype Cycle for Emerging Technologies, which has become a barometer of sorts for gauging the state of various hardware and software innovations that are expected to impact business and society over the next decade. Read more…

Flash Memory Gives Databases a Jolt

Aug 12, 2016 |

Database vendors are looking for new memory technology options as datasets continue to soar. With that in mind, Redis Labs Inc. claimed this week that its database running on flash memory along with Intel Corp.’s NVM Express flash-based SSDs achieved record performance. Read more…

Quantum Researchers Eye AI Advances

Aug 11, 2016 |

Researchers wringing out new quantum computing architectures are increasingly looking at the nascent processing technology as a way to advance machine-learning algorithms for new AI applications.

As quantum computing efforts scale up at corporate, university and government laboratories, the promising yet largely unproven technology could help unlock facets of artificial intelligence, leading to more powerful cognitive computing technologies like IBM’s (NYSE: Read more…

Open Source Tool ‘Rethinks’ Databases

Aug 10, 2016 |

An open source tool for writing queries and modeling data designed for use with the RethinkDB query language is being positioned as an alternative to developing applications using the ReQL query language. Read more…

This Just In

Splunk Announces Fiscal Second Quarter 2017 Financial Results

Aug 26, 2016 |

SAN FRANCISCO, Calif., Aug. 26 — Splunk Inc. (NASDAQ: SPLK), provider of the leading software platform for real-time Operational Intelligence, has announced results for its fiscal second quarter ended July 31, 2016. Read more…

AnalytixInsight Posts Strong Quarterly Results

Aug 25, 2016 |

Aug. 25 — Big Data Analytics company, AnalytixInsight Inc. is pleased to announce its financial results for the three and six month period ending June 30, 2016.

Second Quarter 2016 Financial Highlights

  • Second quarter revenue increased approximately 20% over the previous quarter.
  • Read more…

NetApp Reports First Quarter Fiscal Year 2017 Results

Aug 18, 2016 |

SUNNYVALE, Calif., Aug. 18 — NetApp (NASDAQ: NTAP) has reported financial results for the first quarter fiscal year 2017, ended July 29, 2016.

First Quarter Financial Results 

Net revenues for the first quarter of fiscal year 2017 were $1.29 billion. Read more…

Hewlett Packard Enterprise to Acquire SGI

Aug 11, 2016 |

MILPITAS, Calif., Aug. 11 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics, and data management, today announced that it has signed a definitive agreement to be acquired by Hewlett Packard Enterprise (HPE) for $7.75 per share in cash, a transaction valued at approximately $275 million, net of cash and debt. Read more…

SGI Announces Fourth Quarter and Fiscal Year 2016 Financial Results

Aug 11, 2016 |

MILPITAS, Calif., Aug. 11 — SGI (NASDAQ: SGI), a global leader in high-performance solutions for compute, data analytics and data management, today announced financial results for its fourth quarter and fiscal year 2016 ended June 24, 2016. Read more…