Big wheels at the head of some of the biggest tech companies converged in one of China's poorest provinces for talks about building a big data industry there. "Guizhou wants to attract...
Magnitude Software, a provider of enterprise information management software, acquired Datalytics Technologies LLC, a data warehouse product provider for managing enterprise resource planning data in hybrid systems.
Accenture announced its plans to acquire OPS Rules, a boutique analytics consulting company led by David Simchi-Levi, a professor of engineering systems at MIT known for his work in supply chain and operations analytics. The acquisition will beef up Accenture's machine learning and optimization analytics as well as to develop new analytics.
GE Power announced the opening of its advanced manufacturing facility in South Carolina, a $400 million digital industrial investment, on the heels of opening its first additive manufacturing (3D printing) center in Pittsburgh. GE previously declared itself a digital industrial company, essentially indicating its move from traditional industrial equipment supplier to an industrial analytics company. These two new facilities represent a clear advance in that initiative.
Mapping, geolocation data, and geo-analytics are used extensively in the consumer space, but not so much in the business sector. CartoDB, a provider of location intelligence, data analysis and visualization, is seeking to change that. Its acquisition of Nutiteq, a mobile mapping software development company with 15 million and counting unique installations of their SDK, is a strong step in that direction.
Goldman Sachs' Principal Strategic Investments Group led the $25 million investment in Zoomdata and was joined by previous investors Accel, Columbus Nova Technology Partners and NEA plus a new high-roller, Comcast Ventures. The investors are banking on Zoomdata's visualizations speed to keep pace with one of big data's biggest trends: streaming data and analytics.
Investor trends are not the same as predictive analytics because far too much stock market movement is merely knee-jerk reactions with precious little data to aim the kick. But there are those that think big data's very bad day in the stock market is a strong indicator of a slowdown in overall business spending. After all, the thinking goes, if the biggest, baddest, hottest tech – big data – isn't hitting earnings forecasts, then businesses must be seriously curtailing tech purchasing.
UNICEF, the nonprofit charged with helping children worldwide, is actively seeking ways to accomplish that mission through new technologies including real-time analytics, artificial intelligence, and IoT sensors. The agency is partly achieving this by investing in startups using these technologies through its UNICEF Innovation Fund.
Qubole, a "big data as a service" company, raised $30 million in a Series C funding round to expand its Qubole Data Service, a self-service platform for big data analytics, and integrate new data engines.
"While still positive, the growth rate is slowing from the rate of improvement over the previous four years," say the researchers. "Yet our outlook study also finds that IT capital spending appears ready to stage a comeback from its recessionary doldrums." Yes, but the dynamics at work behind that comeback staging is a little peculiar.