This week saw several huge funding announcements in the big data sphere. Israeli cyber security startup GuardiCore raised $11 million to bolster data centre security; Everstring landed $12 million to enlist more data scientists; Nervana raised $1.1 million for their deep learning hardware venture, which remains shrouded in mystery. See which other data tales hit the headlines over the past seven days:
In his previous post Distributed NoSQL: HBase and Accumulo, Heifeng Li explored two BigTable-like open source solutions. In this post Heifeng will talks about Riak, a highly available key-value store modeled after Dynamo.
We’re on the verge of a wearable technology revolution. Although the reception of Google Glass left a lot to be desired, hoards of companies are looking into integrating smart technology into their products- from smart watches and wristbands to home furnishings which can interact with each other. This week we spent 60 seconds with the most connected man on earth.
Jamal Khawaja, a senior manager at Wipro, confronts two problems companies and people face when it comes to big data: 1) no one really knows what Big Data is, and 2) no one knows the right way to position Big Data as a solution. This blog addresses both, but facing the wrong direction. He tell us what Big Data isn’t, in the hopes that it will clarify what Big Data is.
TOP DATACONOMY NEWS
According to Gartner, 80% of data created today is unstructured. No data could be less structured than the vast ocean of selfies, photos of Starbucks beverages and millennial angst that is Tumblr. But the billion-dollar company may have found a way to take this rich, messy cultural cachet and turn it in to something profitable for big business.
For those of you uninitiated with The Ice Bucket Challenge, the basic premise is as follows: a person has a bucket of ice water tipped over their head. They then nominate two friends to also tip a bucket of ice water over their head, and said friends have 24 hours to complete the challenge. Before you question this lunacy, it’s for a good cause.
Big Data startup Everstring has acquired $12 million in funding which it intends to utilize in enlisting more data scientists to assist enterprises in identifying prospective sales leads and new clients through predictive analytics. The round was led by Lightspeed Venture Partners, with participation from existing investors Sequoia Capital and IDG Ventures.
TOP DATACONOMY JOBS
We’re a close team of creative, brilliant individuals from thirty-eight countries, working with cutting-edge technology to create a global leader in 21st century DIGITAL LENDING.
Sounds like a dream? It’s not – it’s reality. Kreditech is a place of innovation, speed, high growth, high performance, and high reward. We break established tradition, we write our own rules, and we bring in the best people to build up the team. If you want to be a part of this, here is your chance.
Data is the new oil. Everyone in the IT sector is talking about big data, and analytics creates enormous value by using large data sets. Blue Yonder is the leader in Europe in the field of predictive analytics. Predictive Analytics is the forecasting part of business intelligence, is based on forecasts for future events and is critical to the business survival of our customers.
To strengthen our team in Karlsruhe and/or Hamburg, Germany, we are looking for qualified employees in the area of data analysis and model development for customer projects
(Image Credit: Steve Jurvetson)