5 Big Data News You Should Know Today - 22 October 2012
1) Why VCs Will Continue To Invest In Big Data Startups For Many Years To Come
This week, Splice Machine raised $4 million to develop its SQL Engine for big data apps. MongoHQ raised $6 million for its database as a service. A third startup, Bloomreach, announced $25 million in funding for its big data applications.
These three companies provide examples for why the investor community will continue to invest in big data startups for many years to come. All reflect a changing dynamic — the rise of the big data app and the need for a new data infrastructure. These two converging trends now drive funding for a widening number of startups that make data functional inside and outside the enterprise.
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2) Gartner, IBM See Big Market for Big Data
Big data is becoming big business, and is a big trending topic in 2012. This week Gartner and IBM release reports studying the true impact and direction of the big data market, while Teradata launched a big data analytics appliance.
Gartner says big data to reach $34 billion. As a prelude to the Gartner Symposium/ITxpo 2012 it reported that big data will drive $28 billion of worldwide IT spending in 2012, and is forecast to drive $34 billion in 2013 spending.
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3) Will Big Data decide the election?
FORTUNE -- There's a powerful vignette in Sasha Issenberg's The Victory Lab in which political consultant Alexander Gage presents his new data targeting system to Mitt Romney's 2002 gubernatorial campaign.
Gage has combined consumer records with political voting history to identify potential Romney supporters among nontraditional Republican voting blocks. Gage sees his work as revolutionary -- a first in politics, and potentially a first anywhere. Yet just as he completes his presentation, Romney's deputy campaign manager Alex Dunn raises his hand and deadpans, "You mean you don't do this in politics."
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4) Is More Big Data a Blessing or a Curse for These Giants?
In today's segment, Fool.com analyst Austin Smith interviews acclaimed author and New York Times columnist Charles Duhigg about his recent book The Power of Habit and the iEconomy series he's written for the Times.
Today, Charles looks at whether more big data will help or hurt the companies that have already mastered the art of studying consumer spending habits. Companies such as Wal-Mart and Target have had an edge over other retailers for years with their mountains of data, but with Big Data overflowing now, will that advantage evaporate?
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5) Sharing data a big complicated step for health care system
To those in fully automated industries, like banking, the state's rollout of a new health information network last week must seem sadly behind the times.
Massachusetts officials declared the Health Information Exchange open for business Tuesday by sending Gov. Deval Patrick's medical data from a hospital in Boston to a trauma center in Springfield. The electronic information traveled halfway across the state and, just as importantly, crossed tricky medical provider boundaries.
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Category: Big Data News
Tags: Technology,Business,Big data,big data market,big data apps,big data applications,big data startups,Big Data,Read,new data infrastructure,Gartner,big data analytics appliance,Big Data News,three companies,big trending topic,big complicated step,hand,Wal-Mart,business,new health information network,Target
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