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Big Data News, Events, and Expert Opinion

Excerpts:

The Big Three for 2014 — Cloud, Mobile and Big Data

14327910926_beed7df259_zFollow @DataconomyMedia In this article, I’m going to suggest three spaces that enterprise-class organizations should invest in over this year. The basis of these suggestions are as follows: Reduce operational costs over the long term Shift funds from operations to investment Orient the company for changes in the compute landscape Accelerate the ability to manage change Lofty goals from a guy who can barely balance a checkbook, but I hope the reasoning I propose resonates with you. One downside is that I do not consider NPV in my suggestions; even if I could come up with a generalized formula to accommodate this overwhelmingly important factor (which I can’t), it still wouldn’t do any good. These suggestions are designed to change your posture to the marketplace, not assure return on investment…

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The History of BI: The 1960′s and 70′s

9373694210_a70c9ab4cf_zFollow @DataconomyMedia Business intelligence, or BI as it is commonly referred to, has gained considerable popularity over the past decade. Although the term was first introduced in 1865, and picked up momentum in the mid-late 1980’s, it was only up until the early 1990’s that the phrase entered public discourse. Now it is widely deployed among business users across all industry verticals – including retail, ecommerce, healthcare, banking, hospitality, and even sports. In this three-part series, we will look at the history of BI by decade – starting with 1960’s and 70’s, all the way through to the turn of the millenium – to analyze both how the term has evolved, and where it might be heading. The History of Business Intelligence Historically, information has been an unavoidable ingredient in…

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ThoughtSpot: Looking to Make BI “Google Easy”

2808468566_dc22dede4b_zFollow @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 easy.” Essentially, once the product is implemented, users can search within a structured database and find answers to specific problems, which can then be turned into custom dashboards. “What we’re trying to do is make life for average people in the enterprise very easy when it comes to accessing data,” said Ajeet Singh, co-founder and CEO of ThoughtSpot. “It’s a database we built from scratch,” Singh continued. “When we talk about ‘Google easy,’ it’s not just ease of use but…

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Interview with Brian Gentile, CEO of Jaspersoft

TIBCO Jaspersoft Recognised as a Top Big Data VendorWe spoke with Brian Gentile, the CEO of Jaspersoft, ahead of the new release of TIBCO Jaspersoft’s 5.6 Platform. Version 5.6 of the Jaspersoft BI platform is designed to help more business users become capably analytic, with advances in key areas such as Big Data connectivity, platform performance, analytics and reporting. Follow @DataconomyMedia Earlier this month, TIBCO Jaspersoft’s 5.6 platform was announced. Can you tell us more about this release? Absolutely. We have added a number of new features to our server and our recording tools and this is one breakthrough that we are very excited about. So let me just describe what’s in the new version. It’s about improved big data connectivity and about genuinely using big data in a way that makes it small and malleable. There are a…

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Understanding Big Data: Analytics

Understanding Big Data AnalyticsFollow @DataconomyMedia So far in the “Understanding Big Data” series, we’ve looked at what “big data” actually means; what the big data landscape looks like; and some of the infrastructural approaches you might look into when you’re taking the first tentative steps away from the data warehouse. In this edition, we’ll be examining different analytics platforms- how they work, what opportunities they offer enterprises, and how they differentiate themselves from their competitors. Around the turn of the millennium, most enterprises had turned to modern business applications to offer them insights. Companies had been implementing CRM and ERP systems to capture data, and the rise of  parallel processing techniques made data storage and processing cheaper and quicker than ever before. But garnering this data was not, in itself, helpful- this data…

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TIBCO: Big Data is ‘Irrelevant’, Fast Data is What You Need

47838934_1726066a43_zFollow @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 analytics relies too much on historic data and has failed to match the speed companies require to make quick decisions. At the TIBCO Transform event in Paris, Quinn told delegates that a shift in outlook is required; big data is not as relevant as ‘fast data’, a term coined to describe a different approach to analytics. “The challenge with big data is that it has not gained relevance to your everyday life and to the operational decisions you are making…

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Oracle Gearing Up For $6 Billion Purchase

4140459965_76c4574738_zFollow @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 price. “We believe the most likely candidates would be SAP or IBM, which offers WebSphere, its own enterprise class e-commerce platform,” FBR Capital Markets analyst Daniel Ives said. The announcement of Oracle’s potential acquisition is a sign of Larry Ellison’s, Oracle’s Chief Executive Officer, plans to combat the sluggish sales growth of the company over the past 10 quarters. As the Bloomberg article points out, “Oracle was late to the market for Internet-based cloud software and is now rushing to…

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Birst Interview: Introducing Support for HANA

birst-articleWe spoke with the VP of Product Strategy at Birst, Southard Jones, ahead of the announcement of Birst’s support for SAP HANA. Birst provides an enterprise-calibre Business Intelligence platform based on the cloud. Its approach is designed to be less costly and more agile than Legacy BI and more powerful than Data Discovery. Birst gives business teams the ability to solve problems using data in new ways, while maintaining a uniform approach to how that business information is managed. Follow @DataconomyMedia Can you give us a brief overview of this announcement? The idea of in-memory computing, from an analytic perspective, has been talked about for some time now, primarily because of the lightning speed response rates you can get. Depending on what benchmark you read, HANA can query billions of…

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