Startup Think Big Analytics receives $3M in seed funding
As anxious business leaders begin to question the return on investment for big data, another startup launched with the intent to quell their fears. Think Big Analytics this week got $3 million in seed funding from former Cisco executive Daniel Scheinman, with participation from WI Harper Group, to apply its data science and engineering services to accelerating what it calls the "time to value" from big data investment.
Think Big's approach is to harness and analyze data to ensure the business outcomes companies expect from their investment. It will use its seed money to expand its data science and data engineering teams, and its vendor-neutral analytics to prioritize initiatives and identify technical and skills gaps within projects.
It will then help those teams assemble the best architecture and applications for achieving their desired result.
Ron Bodkin, founder and CEO of Think Big Analytics, said that to achieve this, his company has to bring the right talent to select, plan and complete projects in a much shorter timeframe.
Investor Daniel Scheinman added that data obesity is a growing problem among companies and that without the right implementation and unbiased analysis, the data that is collected is useless.
GigaOM said the company has been in stealth mode since 2010 and has worked with companies such as NetApp, Quantcast and a telecommunications company based in the United States on use cases from early-stage adoption to streamlining existing processes.