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News

Kreditech Raises $40 Million At $190 Million Valuation
News

Follow @DataconomyMedia Hamburg, Germany, 24 June 2014 – The big data finance company Kreditech has closed a Series B round that raised 40 million USD in primary investment from new and existing global investors. This is the largest funding round ever for a German financial services technology company and one

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&Quot;The Array Of Things&Quot;: Chicago Implements City-Wide Big Data Project
Big DataNews

Follow @DataconomyMedia In recent months, Chicago has received considerable attention due to its extensive use of technology and big data to improve public safety, transportation, energy and education. However, these efforts were just the beginning of the potential technological tools the city is looking to advance. The Chicago Tribune released

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Chicago: Improving City Life With Big Data
Big DataNews

Follow @DataconomyMedia A report from The Chicago Council on Global Affairs was released this month aiming to tackle the question of how big data can be used in municipal and government decision-making. Using specific examples from the City of Chicago, the report suggests that as cities become more populated, officials will have to

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Survey: 67% Will Move Their Data To The Cloud In The Next 2 Years
News

Follow @DataconomyMedia A recent Gigaom Research and North Bridge Venture Partners survey reported that nearly 67 percent of respondents believed they would move their data to the cloud over the next two years.The survey, which consisted of over 1,300 respondents, also reported SaaS adoption rose from just 13 percent in 2011 to 74

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Tableau 8.2 Now Compatible With Mac
News

Follow @DataconomyMedia Tableau Software announced yesterday that Tableau 8.2 is now generally available. The update will not only come with Story Points, a feature that allows companies to create stories through visualising their data, but will also be available to Mac users to have a fully featured analytics application on

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Ibm Powering Wimbledon With Better Engagement
News

Follow @DataconomyMedia The All England Lawn and Tennis Club (AELTC) and IBM have announced that big data and the cloud will be leveraged in this years Wimbledon tournament to offer fans better and more advanced coverage over the two-week period. “We continue to look for new ways to innovate and

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Thoughtspot: Looking To Make Bi &Quot;Google Easy&Quot;
BI & AnalyticsNews

Follow @DataconomyMedia ThoughtSpot, a business analytics company aiming to revolutionise the way organisations do business intelligence, announced $30 million in Series B funding yesterday. The funding round was led by Khosla Ventures with participation from existing investor Lightspeed Venture Partners. ThoughtSpot’s aim is to make searching for enterprise data “Google

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Tibco: Big Data Is 'Irrelevant', Fast Data Is What You Need
BI & AnalyticsNews

Follow @DataconomyMedia Big data has been a focus for many companies in the past few years and the market is expected to grow further at a compound annual growth rate of 32 percent in the next four years. However, according to Mark Quinn, CTO of software provider TIBCO, big data

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Oracle Gearing Up For $6 Billion Purchase
BI & AnalyticsNews

Follow @DataconomyMedia The enterprise software giant Oracle is nearing a $6 billion deal with hospitality software maker Micros Systems, according a report from Bloomberg. While Oracle and Micros did not comment, FBR Capital Markets analyst Daniel Ives said that Oracle competitors could offer a higher bid to drive up the

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Birst Brings Enterprise-Caliber Cloud Bi To Sap Hana Customers
BI & AnalyticsNews

SAN FRANCISCO — June 17, 2014 — Birst, the leader in Cloud BI, today announced Birst for SAP HANA to empower organizations to take advantage of Birst’s enterprise-caliber analytics capabilities on top of the latest in-memory technology from SAP. By combining the speed of HANA and the analytic horsepower of

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