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News

Big Data, IoT, AI, Machine Learning, Data Science and FinTech news.

Concurrent Secure $10 Million For Making Big Data Easier
News

Concurrent, a company aiming to simplify data management on the Hadoop framework, has secured $10 million in funding. The round was lead by Bain Capital Ventures, with Rembrandt Ventures and True Ventures also participating. Concurrent founder Chris Wensel is the mastermind behind the Cascading framework that simplifies storing and processing

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Cloudera Acquires Gazzang To Boost Big Data Security
News

Hadoop vendor Cloudera recently announced that it has acquired Gazzang, a startup specialising in encryption for big data environments, for an undisclosed fee. The acquisition of Gazzang is Cloudera’s first significant purchase and will allow companies with stringent security regulations to use the big data processing platform. The news comes

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Datatorrent Rts Released, Processes 1 Billion Data Events A Second
NewsTechnology & IT

Yesterday Datatorrent’s first product, DataTorrent RTS, became generally available. DataTorrent RTS is alleged to be the first platform on top of Hadoop capaple of processing more than 1 billion data events per second. Founders Phu Hoang and Amol Kekre noticed a gap in the market whilst they were both working

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How Hadoop Is Helping Farmers And Preventing Suicide
News

Hadoop is the leading database engine among companies today, and many have realised just what is possible through its ability to store and process enormous amounts of data. Below are two use cases of Hadoop that are preventing suicides among military veterans and helping farmers manage their production. 1) Combatting Suicide

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Ibm'S Watson Mobile Developer Challenge Winners Announced
Machine LearningNews

IBM has announced the winners of their Watson Mobile Developer Challenge, a competition which invited developers to design apps using the cognitive processing abilities of IBM’s Supercomputer Watson. Teams from 18 industries and more than 43 countries submitted upwards of 400 business concepts for the challenge. This was narrowed down

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Tibco Jaspersoft Recognised As A Top Big Data Vendor
BI & AnalyticsNewsUncategorized

Press Release: Tibco Software Inc. today announced that CRN Magazine has named Jaspersoft to the “Big Data 100” list in the “Big Data Business Analytics” category. The comprehensive list recognizes businesses that create innovative tools and technologies that help organizations manage, process, and analyze the rapidly increasing volume of information generated

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Ibm Opens New Softlayer Data Centre In Hong Kong
News

Over the weekend, IBM opened their new SoftLayer data centre in Hong Kong. The Hong Kong centre is the first of 15 new centres to be unveiled, as part of IBM’s $1.2 billion investment to expand its cloud services on a global scale. “Our expansion into Hong Kong gives us

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Netflix'S Vision For The Future: Personalising Channels, Not Shows
BI & AnalyticsNews

Netflix is now undoubtedly an entertainment behemoth. In the first quarter of 2014 alone, they streamed 6.5 billion hours of TV and posted revenues of over a billion. Last week, CEO Reed Hastings and and Chief Product Officer Neil Hunt talked about the future of Netflix, and how they’re going

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Idtracker: Bringing An End To Safety In Numbers?
Data ScienceNews

It’s a movie trope as old as cinema. A heated chase scene ends as the bad guy seamlessly blends into a crowd, pulling up his collar, safe in a swarm of people. But thanks to researchers at the Spanish National Research Council (CSIC), this scene may have a different ending;

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8 Graphs That Explain Pinterest'S $5 Billion Valuation
News

RJMetrics posted an article earlier this month on their blog revealing some interesting data that has emerged from Pinterest over the past 4 four years. RJMetrics analysed a dataset of 50,000 Pinterest users and their activities to understand user engagement, what users are viewing, and what this data would mean

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