IBM said it can use big data to forecast when mining equipment will fail, an innovation that can potentially save companies billions of dollars annually, VentureBeat reported.
Tags: Big data
Qubit Big Data Analytics Scored a $40 Million Series C Funding
London-based Qubit received a Series C funding of $40 million. Goldman Sachs was leading the funding for the big data analytic platform which was announced on Monday.
Insurers prove laggards in technology race
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.
The Big Data bounty: U.S. startups challenge agribusiness giants
Chris Gould's combine cab is loaded like the cockpit of a fighter jet he used to fly as he harvests soybeans in northern Illinois, steered by satellites, four video screens glowing with up to minute updates about his crop and the work's progress.
StackStorm streamlines workflow in data center to one person for thousands of servers
StackStorm, specialized in data center maintenance, allows one person to effectively manage thousands of servers opposed to hundreds.
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Corporate Executive Board or CEB has made its third acquisition in the talent management space by purchasing India-based talent analytics company Talent Neuron for anywhere from $10 million to $15 million, TechCrunch reported.
A group of strategic investors which included European utility company E.ON., Foundation Capital and Voyager Capital, led the Series C funding round for AutoGrid Systems which raised $12.75 million.
Jut's big data software applications was the basis for the highly successful Series B financing round at USD20 million.
A USD12 million fund infusion was received by Channel 1Q for it use to accelerate its development. The central marketplace for retailers and manufacturers, Channel IQ announced the raising of USD12 milion from Drive Capital.
UPS' new navigation system helps drivers use less fuel. United Parcel Service Inc. (UPS), one of the world's biggest package shipping company, uses customer data, drivers, and vehicles for its new route guidance system, according to a report by Bloomberg.
With more data being created every second, the Cray supercomputer becomes more relevant for the industry.
Ayasdi reported that it has raised US$30.6 million in venture capital funding from Citigroup and GE Capital
Enlightenment Capital invests in Opera Solutions for an undisclosed amount. The Washington, DC -based defense, aerospace and government-focused investment firm, Enlightenment Capital, has invested in the world renowned in machine learning science application and superior Big Data predictive analytics that impels greater profit, Opera Solutions, LLC.
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