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Predictive Analytics Firm Blue Yonder Raises $75 Million

blue-yonder-analytics-investment-enGlobal private equity firm Warburg Pincus have committed $75 Million to the growth of predictive analytics industry leader Blue Yonder. The investment adds Warburg Pincus to the existing group of investors which includes OTTO Group and the founders. Blue Yonder has strong foundation in the European retail market, with customers including the Next, Otto Group, EAT, dm, Bauhaus  and supermarket chain Kaiser’s Tengelmann. A recent expansion into other verticals including industrial and transport, and logistics adds customers such as Eurotunnel, Lufthansa Systems and Bosch to that list. “We are very excited about the large and rapidly growing market for Predictive Applications and see many opportunities developing alongside the rise of the Industrial Internet of Things.” “Going forward Big Data analytics will be used to improve operational efficiencies and to transform business models, changing the way...
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Viktor Mayer-Schonberger on Big Data’s Role in Society and Culture

Viktor Mayer Schonberger 2I recently sat down with Professor Viktor Mayer-Schönberger, co-author of the 2013 bestseller Big Data: A Revolution and Chair of Internet Governance and Regulation at the Oxford Internet Institute, to talk about the meaning, implications and possibilities of ‘Big Data’ today. In our exchange, we touched on the debate between causality and correlation, the relationship between data and faith, and the idea of ‘digital forgetting’, among other things that reflect the role of data in our digital age. It’s a pleasure to interview you Professor Mayer-Schönberger. First off, let’s address the concept of ‘Big Data’. What’s your take on it? I start by looking at the basic nature of humanity: we are by nature empirical creatures, and since time immemorial we have always wanted to make sense of the world...
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Why AI Isn’t Going to Kill You Or Steal Your Job

Lights of ideasWe 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 the first part of our discussion, we discussed the technologies which will shape the future of machine learning; in this installment, Hammond discusses the future of AI, and whether or not robots could actually wipe out humanity and steal our jobs. When we talk about AI, almost anyone you talk with will say that they think that AI image- the genuine artificial...
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Google Engineering Office in Russia is Shutting Down Amidst Growing Unrest Over Passing of Laws that Stifle Internet Freedom

Google RussiaIt has come to light that Google will shut its engineering office in Russia as internet restrictions in the Putin led nation tighten around internet freedoms. “We are deeply committed to our Russian users and customers and we have a dedicated team in Russia working to support them,” a Google spokesman told PCMag in an email. The Wall Street Journal however reports, that certain Google employees will stay back monitor sales, business partnerships, user support, marketing, and communications. The specifics of the entire situation remain murky in the wake of a number of laws and legislations that choke the online freedom. A new law that takes effect early next year will require citizen data to be stored in data centers within the country instead of offshore facilities in other countries....
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Three Key New Features from Aerospike’s Extensive Upgrade

aerospike_logoBack in August, Aerospike announced they were open-sourcing their signature platform. At the beginning of December, they were back again with news of a record-breaking Google Compute Engine Benchmark. Now, to round off what has been an exceptional year for the flash-optimised, in-memory NoSQL database, they’ve released a whole raft of updates to their database. The full announcement is, in a word, extensive- you can read the whole developer’s Christmas wishlist of updates here. We recently discussed with Aerospike’s CTO Brian Bulkowski which announcements; he highlighted three key developments which he believes are instrumental in fuelling the real-time applications of tomorrow. 1. A Whole Host of New Clients One of the key headlines from the announcement is new clients for Python, PHP, Go and Ruby, plus a whole host of...
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Discovering the Power of Dark Data

Discovering the Power of Dark Data‘Big data’ has become an industry buzzword amongst today’s business leaders. Corporate spending on infrastructure to capture and store diverse volumes of rapidly-changing data has risen significantly in recent years as organisations have scrambled to collect all of the consumer information they believe will help them stay ahead of the competition. However, it’s becoming clear that collecting data alone isn’t enough. Indeed, this year’s Gartner’s Hype Cycle Special Report cites big data as moving beyond the peak of inflated expectations – with businesses now beginning to see that data must not only be harvested and stored, but also analysed and mined efficiently for new insights if it is to be of any strategic value. However, with so much data now being collected, how do organisations know what is useful and...
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