Author » Nicole Hemsoth
How Big Data Could Be Harming Borrowers
Should big data play a part in determining credit worthiness? Many big data proponents would argue in the affirmative; a number of projects both public and private are successfully using large data sets to predict future behavior. Now the trend has moved into the consumer finance space. A bevy of startups, companies like LendUp, ZestFinance Inc., Think Finance Inc. and others, are leveraging big data technologies to analyze the risk of credit applicants. Read more…
Why 1970s Database Technology Is Still Relevant Today
Max Schireson, chief executive of NoSQL database vendor MongoDB, started a heated conversation two weeks ago when he said that relational database technologies are on their way out because they're too old and ill-suited to handle today's big data processing needs. Not surprisingly, those comments rubbed members of the NewSQL database community the wrong way. Read more…
Cloudera Valuation Tops $2B After Latest Funding Round
Cloudera today announced an additional $160 million in funding, bringing the Hadoop distributor's total venture haul to $300 million. The software company now values itself at more than $2 billion, according to Bloomberg, which also reported that Hadoop rival Intel has invested in the firm. Read more…
VoltDB Nabs $8 Million in VC Funding to Tackle IoT
VoltDB, the company behind the in-memory relational database of the same name, has completed a Series B funding round $8 million richer. The round was led by existing stakeholders Sigma Ventures and Kepha Partners, plus three new unnamed “strategic investors,” bringing the firm's total venture capital investment to $18.7 million. Read more…
Databricks Moves to Standardize Apache Spark
Databricks, the company behind open source Apache Spark, today rolled out a certification program that creates a Spark standard that big data analytic application developers can write to, and that customers can rely on. It's a smart move by Databricks, which is looking to avoid the forking that has clouded Hadoop's march into the enterprise. Read more…
Microsoft’s SQL Server 2014 Adds In-Memory, Updates Columnar
Everybody wants their databases to retrieve and store information faster, and with SQL Server 2014, which is released to manufacturing today, Microsoft is tweaking its columnar data store as well as integrating its first in-memory database technology to boost transaction processing and data warehousing workloads, respectively. Read more…
Pivotal Refreshes Hadoop Offering, Adds In-Memory Processing
As the commercial Hadoop field grows increasingly competitive, providers of this popular big data framework are working to differentiate their offerings. Pivotal, for one, has been honing the technologies developed and acquired by its parent companies as part of its vision to help enterprises realize the full potential of big data. Read more…
Astronomical Algorithm Powers Data Analytics Startup
Astronomers at the national labs have enjoyed a handy fallback plan when faced with a glut of images that need analysis: grad students. So when researchers at UC Berkeley developed machine learning algorithms that could automatically scan these images, not only did grad students need something else to do between classes, but the developers realized they might have the makings of a winning big data analytics business plan on their hands. Read more…
Google’s Flu Analytics Fail Highlights Big Data’s Shortcomings
Big data has enormous potential for assisting public health efforts, but without sufficient context, numbers can be misleading. Read more…
Picking the Right Tool for Your Big Data Job
There is a lot of debate in the big data space about tools and technology, and which ones are best. Is SQL better than NoSQL? Hadoop or Spark? What about R or Python? Of course no single tool or technology is the best for all situations, and you would do well to pick the right tool or technology for the job at hand. Read more…
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