The investment in Big Data technologies is set to continue according to a recent survey by Gartner. The key findings of the survey point out that 73 percent of respondents have either already invested or plan to invest in big data within the next 24 months, compared to last year’s 64

Utility Consumption Analytics outfit, Verdafero, has announced the utilization of IBM’s open cloud platform, Bluemix to power its analytics platform. “Switching our development to the Bluemix platform has been a game changer,” noted Dr. Alastair Hood, CEO, Verdafero. “We wanted a solution that would allow our infrastructure to grow and

Crowdfunded data enrichment platform CrowdFlower, scooped up $12.5 million in Series C financing earlier this week. The round was led by Canvas Venture Fund and saw participation from existing investors Bessemer Venture Partners and Trinity Ventures, bringing the total amount raised by the company to $28 million. Rebecca Lynn, the

U.S. sandwich restaurant chain Jimmy John’s reported last week of a possible theft of its customers’ credit and debit card information at 216 of its stores and franchised locations. “The credit and debit card information at issue may include the card number and in some cases the cardholder’s name, verification

More funding rounds, announcements and big data articles this week — and it’s just as good as ever! The week started off with a pretty big announcement as Hazlecast picked up $11 Million in funding, spearheaded by Earlybird Venture Capital. The funding stories poured in throughout the week as we

In a major announcement this week, IBM has released Watson Analytics, a service that will give businesses — both large and small — access to natural language tools and predictive algorithms on a freemium pricing model. It will be a cloud-based service designed to run on desktop and mobile devices. Calling it

A study, conducted independently by Ponemon Institute with Experian Data Breach Resolution, reports that the frequency and magnitude of computer security breaches at U.S. companies is rising. Equally alarming is the fact that 27% of the companies lack a data breach response strategy. Ponemon Institute that conducts independent research on

It was revealed yesterday that networking giant Cisco is in talks to acquire Private OpenStack cloud service innovator, Metacloud. With an aim boost its strategy towards building the world’s largest global Intercloud – a network of clouds – Cisco has been mobilizing significant technology partners, service and cloud providers, integrating

Four months ago, Dataconomy reported a funding story on Context Relevant, a predictive analytics company that managed to raise $28 million in funding within just 28 months. The success stories relating to the company, however, continue to pour in as it was revealed yesterday that the predictive analytics firm has

Splunk Inc. (NASDAQ: SPLK), the leading platform for real-time Operational Intelligence, today announced that it has been rated ‘Big Data Leader 2015’ in five of the benchmark categories in the Experton Group ‘Big Data Vendor Benchmark 2015’ report. The analyst firm, a fully integrated research, advisory and consulting house for