This weekly roundup includes Hadoop, Intel’s Cloudera, the Leverage Big Data summit, and more.
Big Data Summit
This summit will feature speakers from GE Research, the National Cancer Institute, and other leading companies and research institutes debating the business issues surrounding IT transformation. The range of featured presentation topics will include Database Systems & Management, Big Data Infrastructure, Hadoop, Analytics, Data modeling, Storage, Cloud Analytics, & Case Studies.
Hadoop or Data Warehouse?
Cloudera has recently managed to raise a huge sum of $900 million from Intel and some other venture capital firms to promote their technological platform. In an interview preceding a Teradata conference in Prague, Mr. Gnau objected about the circulating prevailing misinformation about big data taking over Teradata’s data warehousing technology.
It’s not one size fits all, he said.
Hadoop’s emergence in the IT market may not wipe out data warehousing leaders like Teradata, but their businesses can certainly face price wars technology challenges from Hadoopas more and more, both customers and IT talent embrace big data!
Gradually, as the software applications designed for Hadoop storm the market with their faster, more reliable, and more data-handling capabilities, will Teradata, IBM, or Oraclemeet with similar fortune? Mr. Richard Winter, an independent technology consultant said in an interview,
The new technology is a real challenge. Hadoop isn’t threatening to replace something like Teradata’s data warehouse software, but it is part of the competition for new data workloads Hadoop will be this huge thing that grows alongside. But it’s a very different kind of model and capability than that of a data warehouse.
According to Mr. Winter, Teradata is the market leader for high-end data warehousing.
Agricultural products manufacturer utilizes big data analytics
You will find a hardware setup with analytics capabilities at tractor company John Deere’s headquarters, which is packed with computer wizardry that harvests huge volumes of valuable data as it gathers crops.
Virtually every company says it will never share, sell or use the data in a market-distorting way but we would rather verify than trust,For trading purposes, the farm data could easily be misused although there are no documented instances on data being misused to date. Privacy and security concerns surrounding data gathering are not confined to agriculture. While only around 14 percent of farmers use this kind of precision agriculture technology at the moment, its popularity is expected to soar over the coming years.
Now is the time to step in and make sure that some of the concerns we have get answered,said Mary Kay Thatcher, a senior director at the AFBF.
Intel's high-profile investment in Cloudera
Intel’s $740 million investment in big data software company Cloudera at a $4.1 billion valuation is claimed to be one of the largest single venture capital investment of all times. Intel bought 18% stake in Cloudera, which required some other venture capital investors to sell back their shares to accommodate Intel.
Intel has a huge ecosystem [of hardware and software companies] and Cloudera is a big partner around big data applications,
said Ping Li,General Partner of Accel Partnersanother Cloudera investor.
IDG Conducts 2014 enterprise big data research
The key findings of this research include:
- 49% (almost half) of the respondents reported that big data strategy implementation has already happened in their organizations.
- 50% of respondents reported there was an absence of leadership in their big data initiative.
- CEOs have made big data a part of their value chain by partnering with IT executives to implement big data strategies.
- The amount of data that organizations handle will increase by 76% in the next year to year and a half.
- Organizations are intensifying their infrastructural investments in preparation for big data initiatives.
- In the next year to year and a half, organizations will step up their hiring process for the data scientist community.
- On an average, organizations are facing challenges and skilled manpower shortage in their big data initiatives.
Avendus and Zodius to invest in SMAC
Avendus and Zodius form a partnership to build a multi-stage technology fund, which is worth around $500 million. The primary goal of this partnership is to invest approximately $400- $500 million in emerging businesses in either Digital or SMAC- (Social, Mobile, Analytics and Cloud) based space. Their target market is expected to include online and mobile markets. The funds may be used to restructure and re-channelize companies towards high-growth markets.
We have joined hands at a time when digital and SMAC businesses across the world are eliciting exceptional and rightly deserved investment interest. The IPO surge for digital India centric businesses is just beginning and we expect it to create a very high growth environment in this sector.