We recently had the opportunity to sit down with Kris Hammond, the Chief Scientist for Narrative Science. Narrative Science focuses around automating text generated from data, turning raw data into insightful accounts. Hammond has spent over 20 years working in and developing the AI labs at the University of Chicago and Northwestern University, making him uniquely placed to offer perspectives on the past, present and future of AI. In this first part of our discussion, Hammond discusses three game-changing technologies that he considers to be key in the future of machine learning. In the near future, I think what we’re going to see is the acceleration of certain ideas that will actually have a commercial and societal impact. The three areas where I think we’re going to see amazing accelerations are...
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Qubole’s mission to help every business turn data into business value via cloud computing has just received a massive boost. They have announced an impressive $13 million funding round, led by Norwest Venture Partners. With the money, the team plan to expand their signature offering, the Qubole Data Service, as well as offering more industry-specific features to their key client segments. Speaking to Dataconomy about what avenues the new funding will open up, Ashish Thusoo, CEO and co-founder of Qubole highlighted expansion and amelioration across the board. “The latest invest in Qubole will enable us to further build out our sales force and partner program, to make Qubole available to more organizations with more industry specific solutions. We’ll also continue to invest in the Qubole Data Service, adding new features...
Read on »
Friends of mine sometimes accuse me of facilitating the rise of the machines, Terminator style, in my calling to assist the best Big Data talent in their career moves. Arnold Schwarzenegger would be coming back from the future to destroy me. It all started with you Matt. I then go on to disappoint them by telling them that Big Data still has a significant amount of human input. Although the super computers spit out the numbers, there is no way that they could produce the analysis required for today’s business environment. Not yet, anyway. However, the warnings about artificial intelligence have recently been sounding ever louder, and with prominent physicists such as Stephen Hawking sounding them, it would be foolish not to give them some thought. Hawking recently told the...
Read on »
To say that the big data market is thriving would be an understatement. The IDC predicted that the big data sector would be worth $16.1 billion by the close of the year, growing six times faster than the wider IT market. When you consider one single company, Micros, was bought out by Oracle for a dazzling $5.3 billion this year, the IDC’s estimate may even be slightly on the conservative side. Mergers and acquisitions were active throughout the year, across a range of industries and verticals. Yet at Dataconomy’s news desk, we noticed five key trends in the acquisitions space which came up time and time again. If you’re looking to get a foothold on this market, investing in one of these five areas- or even starting your own enterprise...
Read on »
Banking giant UBS will harness Artificial Intelligence to provide its clients with personalized counsel.“Banking is one of the most rudimentary industries when it comes to digitalization,” Dirk Klee, chief operating officer for UBS wealth management and responsible for digital initiatives, said in an interview, reportsBloomberg. “EBay, Amazon – everything is getting more and more digital. The question is how we translate this into a similar experience for our clients,” he added. Assisting UBS in this endeavour is Singapore-based Sqreem Technologies Pte. Ltd. that emerged winner against 80 teams in an Innovation Challenge, organized by UBS, bagging S$40,000 ($30,000) and a contract. Their task, Bloomberg reports will be to “Extract the information most relevant to an individual client from an explosion of data and deliver this tailored content to clients’...
Read on »
Software and tech centric private equity firm, Vista Equity Partners has concluded the acquisition of infrastructure and business intelligence software provider, TIBCO Software Inc., late last week on Friday. “We see tremendous value in TIBCO’s ability to empower customers to extract and act on information utilizing TIBCO’s fast data platform,” said Robert F. Smith, chairman and chief executive officer, Vista Equity Partners. With the acquisition, founder, chairman and CEO, Vivek Ranadivé stepped down, passing the helm to Murray Rode, who, for over 15 years, had served in a variety of key leadership roles within TIBCO including the Chief Operating Officer. However, Ranadivé will remain a Board Member of TIBCO and will assist the company with strategic projects, according to a press release. “We believe this is the right direction for...
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We recently had the opportunity to sit down with Kris Hammond, the Chief Scientist for Narrative Science. Narrative Science focuses around automating text generated from data, turning raw data into insightful accounts. Hammond has spent over 20 years working in and developing the AI labs at the University of Chicago and Northwestern University, making him uniquely placed to offer perspectives on the past, present and future of AI. In this first part of our discussion, Hammond discusses three game-changing technologies that he considers to be key in the future of machine learning. In the near future, I think what we’re going to see is the acceleration of certain ideas that will actually have a commercial and societal impact. The three areas where I think we’re going to see amazing accelerations are...
Qubole’s mission to help every business turn data into business value via cloud computing has just received a massive boost. They have announced an impressive $13 million funding round, led by Norwest Venture Partners. With the money, the team plan to expand their signature offering, the Qubole Data Service, as well as offering more industry-specific features to their key client segments. Speaking to Dataconomy about what avenues the new funding will open up, Ashish Thusoo, CEO and co-founder of Qubole highlighted expansion and amelioration across the board. “The latest invest in Qubole will enable us to further build out our sales force and partner program, to make Qubole available to more organizations with more industry specific solutions. We’ll also continue to invest in the Qubole Data Service, adding new features...
Friends of mine sometimes accuse me of facilitating the rise of the machines, Terminator style, in my calling to assist the best Big Data talent in their career moves. Arnold Schwarzenegger would be coming back from the future to destroy me. It all started with you Matt. I then go on to disappoint them by telling them that Big Data still has a significant amount of human input. Although the super computers spit out the numbers, there is no way that they could produce the analysis required for today’s business environment. Not yet, anyway. However, the warnings about artificial intelligence have recently been sounding ever louder, and with prominent physicists such as Stephen Hawking sounding them, it would be foolish not to give them some thought. Hawking recently told the...
To say that the big data market is thriving would be an understatement. The IDC predicted that the big data sector would be worth $16.1 billion by the close of the year, growing six times faster than the wider IT market. When you consider one single company, Micros, was bought out by Oracle for a dazzling $5.3 billion this year, the IDC’s estimate may even be slightly on the conservative side. Mergers and acquisitions were active throughout the year, across a range of industries and verticals. Yet at Dataconomy’s news desk, we noticed five key trends in the acquisitions space which came up time and time again. If you’re looking to get a foothold on this market, investing in one of these five areas- or even starting your own enterprise...
Banking giant UBS will harness Artificial Intelligence to provide its clients with personalized counsel.“Banking is one of the most rudimentary industries when it comes to digitalization,” Dirk Klee, chief operating officer for UBS wealth management and responsible for digital initiatives, said in an interview, reportsBloomberg. “EBay, Amazon – everything is getting more and more digital. The question is how we translate this into a similar experience for our clients,” he added. Assisting UBS in this endeavour is Singapore-based Sqreem Technologies Pte. Ltd. that emerged winner against 80 teams in an Innovation Challenge, organized by UBS, bagging S$40,000 ($30,000) and a contract. Their task, Bloomberg reports will be to “Extract the information most relevant to an individual client from an explosion of data and deliver this tailored content to clients’...
Software and tech centric private equity firm, Vista Equity Partners has concluded the acquisition of infrastructure and business intelligence software provider, TIBCO Software Inc., late last week on Friday. “We see tremendous value in TIBCO’s ability to empower customers to extract and act on information utilizing TIBCO’s fast data platform,” said Robert F. Smith, chairman and chief executive officer, Vista Equity Partners. With the acquisition, founder, chairman and CEO, Vivek Ranadivé stepped down, passing the helm to Murray Rode, who, for over 15 years, had served in a variety of key leadership roles within TIBCO including the Chief Operating Officer. However, Ranadivé will remain a Board Member of TIBCO and will assist the company with strategic projects, according to a press release. “We believe this is the right direction for...
