5 Big Data News You Should Know Today - 23 October 2012
1) Data Is the New Supply Chain: Learn the Current Methods, Risk Management
DAMA International, the global association of professionals in data management, states that “Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the full data lifecycle needs of an enterprise.” In today’s information driven world, the data needs of an enterprise are very important. Some enterprises are built around providing information to external customers, and others have information of value that is used only with internal customers. In either case, the way data is managed is of great importance. While traditionally an internal IT department is responsible for this data management, now there are enterprises looking at external vendors to provide this management via cloud computing.
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2) Cloudyn Launches Free Tool For Making Sense of Amazon EC2 Reserved Instance Costs
Today cloud cost management company Cloudyn announced a new free service for calculating costs of Amazon EC2 Reserved Instances. Reserved Instances are sort of like cloud instances that you pay a retainer for: you pay an upfront fee, and can then pay a discounted rate if/when you use them.
Amazon offers Reserved Instances at different rates depending on term of commitment — either one, two or three years. Cloudyn’s Reserved Instance Calculator will use predictions based on usage patterns to recommend optimal purchases. Given that Amazon actually opened its own marketplace for unused Reserved Instances last month, it seems like a tool for planning these purchases could come in pretty handy.
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3) Integration Cloud Services Brokerage: What it is. What it isn’t.
The intent of cloud computing is to extract technical complexity by offering computing as a service, thereby reducing IT costs and freeing IT staff to focus on achieving higher-level business objectives. For many firms, these objectives are increasingly centered on the extended enterprise and a valuable network of customers, suppliers, business partners and cloud providers.
However, using cloud services for both back-office systems and B2B processes requires a high level of coordination and integration due to the inherent interdependencies. It’s one thing for these different services to exist as independent islands that never need to interconnect, or as loosely connected point-to-point interfaces. That’s easy to do. It’s another thing to outsource interdependent business processes to multiple cloud service providers. This becomes very complex, very quickly, and can mean adding staff and resources — whether it’s for writing code or just managing the integration process — either of which can negate many of the cloud computing benefits.
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4) Big Data Case Study: Predicting the Weather with 3TIER
Where would you build a wind-farm? Somewhere windy, obviously. But how would you know how windy that area was a year ago, two years ago, three? How would you know when the windiest time of year was? How would you predict the weather for today, the weather for tomorrow, the weather for next year and beyond? The answer: talk to 3TIER.
3TIER, an industry leading company dealing in renewables risk management, helps businesses decide where to place their wind-farms, solar-farms and hydro-dams by giving them all the information they need to assess the future energy potential of any location. How do they do this? Big data.
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5) Report: Wal-Mart’s Big Data Moves Will Boost Rackspace
Last week while the OpenStack conference was taking place in San Diego William Blair analyst Jim Breen reported that event organizer Rackspace (RAX) will likely win more business from retail giant Wal-Mart (WMT).
Breen noted that Wal-Mart was actively recruiting OpenStack engineers and the fact that Rackspace can gain traction with Wal-Mart for big data analytics reflects the progress of the OpenStack platform. Rackspace and Wal-Mart share a common enemy with Amazon. Wal-mart has opened an office in San Bruno, California office to house @WalmartLabs, an innovation outpost that the brick-and-mortar company hopes will expand its Internet retail business and play ecommerce catchup with Amazon. @WalmartLabs is in the process of consolidating its data analytics systems from EMC and IBM technology into a single global platform.
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Category: Big Data News
Tags: OpenStack, IBM, Wal-Mart, Big data, Cloud computing, Amazon, Rackspace, Walmart
DAMA International, the global association of professionals in data management, states that “Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the full data lifecycle needs of an enterprise.” In today’s information driven world, the data needs of an enterprise are very important. Some enterprises are built around providing information to external customers, and others have information of value that is used only with internal customers. In either case, the way data is managed is of great importance. While traditionally an internal IT department is responsible for this data management, now there are enterprises looking at external vendors to provide this management via cloud computing.
Read More
2) Cloudyn Launches Free Tool For Making Sense of Amazon EC2 Reserved Instance Costs
Today cloud cost management company Cloudyn announced a new free service for calculating costs of Amazon EC2 Reserved Instances. Reserved Instances are sort of like cloud instances that you pay a retainer for: you pay an upfront fee, and can then pay a discounted rate if/when you use them.
Amazon offers Reserved Instances at different rates depending on term of commitment — either one, two or three years. Cloudyn’s Reserved Instance Calculator will use predictions based on usage patterns to recommend optimal purchases. Given that Amazon actually opened its own marketplace for unused Reserved Instances last month, it seems like a tool for planning these purchases could come in pretty handy.
Read More
3) Integration Cloud Services Brokerage: What it is. What it isn’t.
The intent of cloud computing is to extract technical complexity by offering computing as a service, thereby reducing IT costs and freeing IT staff to focus on achieving higher-level business objectives. For many firms, these objectives are increasingly centered on the extended enterprise and a valuable network of customers, suppliers, business partners and cloud providers.
However, using cloud services for both back-office systems and B2B processes requires a high level of coordination and integration due to the inherent interdependencies. It’s one thing for these different services to exist as independent islands that never need to interconnect, or as loosely connected point-to-point interfaces. That’s easy to do. It’s another thing to outsource interdependent business processes to multiple cloud service providers. This becomes very complex, very quickly, and can mean adding staff and resources — whether it’s for writing code or just managing the integration process — either of which can negate many of the cloud computing benefits.
Read More
4) Big Data Case Study: Predicting the Weather with 3TIER
Where would you build a wind-farm? Somewhere windy, obviously. But how would you know how windy that area was a year ago, two years ago, three? How would you know when the windiest time of year was? How would you predict the weather for today, the weather for tomorrow, the weather for next year and beyond? The answer: talk to 3TIER.
3TIER, an industry leading company dealing in renewables risk management, helps businesses decide where to place their wind-farms, solar-farms and hydro-dams by giving them all the information they need to assess the future energy potential of any location. How do they do this? Big data.
Read More
5) Report: Wal-Mart’s Big Data Moves Will Boost Rackspace
Last week while the OpenStack conference was taking place in San Diego William Blair analyst Jim Breen reported that event organizer Rackspace (RAX) will likely win more business from retail giant Wal-Mart (WMT).
Breen noted that Wal-Mart was actively recruiting OpenStack engineers and the fact that Rackspace can gain traction with Wal-Mart for big data analytics reflects the progress of the OpenStack platform. Rackspace and Wal-Mart share a common enemy with Amazon. Wal-mart has opened an office in San Bruno, California office to house @WalmartLabs, an innovation outpost that the brick-and-mortar company hopes will expand its Internet retail business and play ecommerce catchup with Amazon. @WalmartLabs is in the process of consolidating its data analytics systems from EMC and IBM technology into a single global platform.
Read More
Category: Big Data News
Tags: OpenStack, IBM, Wal-Mart, Big data, Cloud computing, Amazon, Rackspace, Walmart
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