Sign up for our newsletter and get the latest big data news and analysis.

“Above the Trend Line” – Your Industry Rumor Central for 3/7/2016

Above the Trend Line: machine learning industry rumor central, is a recurring feature of insideBIGDATA. In this column, we present a variety of short time-critical news items such as people movements, funding news, financial results, industry alignments, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz. Our intent is to provide our readers a one-stop source of late-breaking news to help keep you abreast of this fast-paced ecosystem. We’re working hard on your behalf with our extensive vendor network to give you all the latest happenings. Heard of something yourself? Tell us! Just e-mail me at: daniel@insidehbigdata.com.  Be sure to Tweet Above the Trend Line articles using the hashtag: #abovethetrendline.

AtScale, the company providing a BI on Hadoop solution, revealed that it grew revenue by five-fold in 2015. “AtScale’s progress marks an important milestone for the BI on Hadoop industry” says Sunil Bopardikar, Senior Vice President of Technology at Quotient Technology Inc. “Most enterprises are seeking a solution to this problem and AtScale’s ascension is the proof that they’ve hit a nerve: allowing users to self-serve to Big Data easily, in the tools they already know, while adhering to stringent enterprise governance standards, in one of the most important steps this industry has seen since its inception” … From our friends in the UK, RAVN Systems, experts in next-generation Artificial Intelligence, Graph Search and Knowledge Management technology, announced they won the award for the “Best Enterprise Start-up 2016” category at the Techies Awards held on the 25th February 2016 at the ME Hotel in London. RAVN won the award for their revolutionary Artificial Intelligence robot, RAVN ACE, a cutting-edge Artificial Intelligence solution which reads, interprets and extracts specific information from documents. It converts unstructured data into structured output, in a fraction of the time it takes a human – and with a higher degree of accuracy. The company also indicated that they have been shortlisted in KMWorld’s 100 companies that matter in Knowledge Management for 2016 … Heard on the street: Vast, the big data-as-a-service platform for autos and real estate, announced the addition of Benedict Elliott Smith as Chief Architect. Smith  joins Vast from the Apache Cassandra project and brings invaluable big data and distributed systems experience to help Vast advance its focus on using data and analytics to provide unmatched consumer experiences for big purchases such as cars and homes … As yet-another industry alignment, FI Navigator, a provider of a web-based bank data and analytics for the banking vertical, announced the acquisition of AppData, a pioneering provider of mobile app data and analytics. The terms of the acquisition were not disclosed. Founded in 2008, AppData tracks more than two million individual data points per day, providing comprehensive performance statistics and digital analytics to drive smarter business decisions for app developers, investors and advertisers … In support of the rise of IoT, a new report from Tractica says that annual wearable device shipments will increase from 85.0 million units in 2015 to 559.6 million units by 2021, representing a compound annual growth rate (CAGR) of 36.9% … Interesting industry note: for the first time in over 10 years there has been a leadership change in Gartner’s Magic Quadrant for Data Warehouse and Data Management Solutions for Analytics. Teradata has dropped out of the top leader position and IBM has moved into the #1 position overall for completeness of vision. Since the report’s inception in 2001, IBM has maintained its position in the leader’s quadrant, proving its commitment to producing next generation products and initiatives that challenge the status-quo in big data analytics …

 

Sign up for the free insideBIGDATA newsletter.

Leave a Comment

*

Resource Links: