In his speech regarding the opening of the CEBIT 2014 yesterday, David Cameron announced that the UK government is going to make 45 million pounds available to companies researching in the space of the internet of things. In addition, 1 million pounds will be made available to startups vying to

Jut secured funding of $20 million back in November, even before it is launched. Through its Series B round led by Accel Partners together with LightSpeed Venture Partners and Wing, Jut is able to expand its engineering team and launch a first version of the product. Jut  positions itself as

As SXSW started on Thursday, Inc. sat down with Michael Dell and he shared a little big data secret: “How much of [the] data that companies or organizations store is actually being used to create better outcomes or better decisions or better results or better anything–particularly in real time?” he asked.

Big Data is like crude oil, suggests Andreas Weigend in an interview with Business Week. He compares it to oil in the sense that big data itself is practically useless and needs to be refined before its true value can be extracted. At the same time, like with many other

Deutsche Bank Research released a research report yesterday. The DB Research Big Data report provides an in-depth, well-researched and up-to-date overview over the current developments in the field. Thomas Dapp, the author, is DB Research’s expert on all things related to digital economy. As Big Data has become an almost

Paxata was launched in October of 2013, after 18 months of preparation, to roll up the world of data cleaning. Ventana, a research firm, has found that around 40 – 60 % of a data scientist’s time is spent cleaning the data in preparation for later analysis. In order to

Preventive Medicine, a medical journal, has published an article suggesting that tweets indicating certain risky actions are very good proxies for existing statistics on HIV outbreaks. When comparing the location data of the tweets with existing statistics researchers from UCLA and Virginia Tech found a high correlation. Over 550 million tweets

BAE Systems, the large British defence conglomerate, will start to sell its TeraStar big data platform in the private sector. TeraStar was originally developed as a cost effective tool to manage the government’s size, weight and capacity requirements. It claims to boast heightened security and ease of use due to

1. Splunk : Started in 2003 by co-founders Michael Baum, Rob Das and Erik Swan, Splunk went public in 2012 with a valuation at 28x revenue ($3.2 billion). Splunk´s primary activity is  analyzing huge amounts of customer and transaction data using its software.  At the core of its software, Splunk has a machine

2014 Oscars Winners Farsite, a company in the business of advanced analytics, has applied its brain and computing power to the 2014 Academy Awards in order to predict the winners in the big categories. In the category of Best Picture they predict 12 Years a Slave to win with a