NYT: The Big Business of “Big Data”

In today’s New York Times, Quentin Hardy reports on the recent Web 2.0 Summit and just how big the business of “big data” is getting. 

He poses the question – Is Big Data a bubble?  And his answer is: Yes, but that’s a good thing.

Here’s a little bit of where the market is going in the big data space according to Hardy:

Big Data is clearly big business, adding a new level of certainty to business decisions, and promoting new discoveries about nature and society. That is why over the past two years I.B.M., E.M.C. and Hewlett-Packard have collectively invested billions of dollars in the field. This past week, Oracle bought Endeca, a company to manage and search through large volumes of things like e-mail, for a rumored $750 million. H.P. paid $10.3 million for Autonomy, which does a much bigger version of the same thing. The first H.P. products with Autonomy technology, along with pattern-finding algorithms from an outfit called Vertica, which H.P. bought earlier this year, will most likely be out next month.

You can read Hardy’s NYT article here

 

 

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I currently serve as Vice President of Decision Science at CenturyLink. I've previously served as a leader in the Advanced Risk & Compliance Analytics (ARCA) practice at PwC and as Director of Data Science & Analytics Engineering at Areté Associates. I've served the public as Chair of the Thousand Oaks, CA Planning Commission. I have been married to my wife Stephanie since 1993, and we have a wonderful daughter Monroe. Learn more about me »

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