Jonathan Vanian of GigaOM reports, “EverString, a big data startup that helps companies identify prospective sales leads and new clients though predictive analytics, has raised $12 million in a series A funding round. Lightspeed Venture Partners led the round, which also included existing investors Sequoia Capital and IDG Ventures. While there are a host of marketing analytics services in the market like Silverpop and Eloqua that businesses use to aggregate numerous sales leads and find potential customers, EverString’s technology goes beyond whatever data is hosted internally within a company and branches out to the open web, explained EverString’s co-founder and CEO, Vincent Yang.” Read more
Mark Langshaw of Digital Spy reports, “Google has acquired the company behind Emu, a messaging app that doubles as a personal assistant. The existing application, which was for iPhone only, will be pulled from the App Store later this month.’As of August 25, 2014, we’ll be shutting down the Emu app. It will no longer be available in the App Store, and existing users won’t be able to send, receive, or download messages. We know it’s an inconvenience, and we regret that,’ said the firm in a statement. Emu uses intelligent learning and natural language processing to present the user with relevant information in real-time, and can be integrated with other services.” Read more
Deborah Gage of The Wall Street Journal reports, “Making big data stores as easy to search as Internet data has been a holy grail for the software industry, and it’s become a more pressing problem since the growth of the big data software Hadoop, which holds enormous amounts of data. Adatao Inc., a startup based in Sunnyvale, Calif., has raised nearly $13 million in Series A funding led by Andreessen Horowitz to take on the challenge. Founded in 2012 by veterans of Google Inc., Yahoo Inc. and the Army Research Lab, the company combines machine learning, natural language processing and in-memory (i.e. fast) computing to create a system in which users can write queries in ordinary English or one of several computer languages-—Smart Query, SQL, Scala, Java, Python or R–and get results in less time than it takes to speak their questions.” Read more
Chloe Green of Information Age recently wrote, “Handling immense data sets requires a combination of scientific and technological skills to determine how data is stored, searched and accessed. In science, the importance of data scientists in ensuring that data is handled correctly from the outset is not underestimated; other industries can learn from the scientific approach. Text-mining tools and the use of relevant taxonomies are essential. If we think about big data as a huge number of data points in some multi-dimensional space, the problem is one of analysis, i.e. frequently finding very similar or very dissimilar points which cannot be compared. In life sciences, taxonomies assign data points a class, thus comparison of two points is as easy as looking up other data points in the same class.” Read more
Dana Gardner of CRM Buyer recently wrote, “The power of Big Data technology is being successfully applied to understanding such complex unknowns as consumer sentiment and even intent. That understanding then vastly improves how retailers and myriad service providers manage their users’ experiences — increasingly in real time. Fortunately, today’s consumers are quite willing to share their intents and sentiments via social media, if you can gather and process the information. Hence the rapidly developing field of social customer relationship management, or Social CRM.” Read more
Derrick Harris of GigaOM reports, “Twitter has acquired a stealthy computer vision startup called Madbits, which was founded by former New York University researchers. Clément Farabet and Louis-Alexandre Etezad-Heydari. Farabet is a protégé of Facebook AI Lab director and New York University professor Yann LeCun, while Etezad-Heydari was advised by Larry Maloney and Eero Simoncelli.” Read more
Rick Delgado recently wrote on Mike2.0, “When you get right down to it, computer security is all about being able to analyze the data. A company’s security is largely dependent on the amount of data analysis they’re capable of, along with the quality of that data. A company that can collect a lot of data at once but doesn’t have the means to analyze it properly for threats won’t get very far. The same goes for a business with excellent analytic tools but without the resources to gather and store that information. These facts are very important because without a lot of data, machine learning simply can’t be as effective.” Read more
Andrew Osborne, CTO of GS1 UK recently shared an overview of how the non-profit is leveraging the Semantic Web to improve customer experiences. He writes, “For those of you unfamiliar with what GS1 actually does, we are a not-for-profit standards development organisation. Put simply, our role is to define data structures and how these are used to identify things, a role we have been performing since the 1970s. We provide a series of ‘keys’ for industry which identify various types of entity (products, locations, assets and so on) and which have highly developed allocation rules. We have also defined product attributes for bar coding (the application identifier standards), have over 1,000 product attributes defined for synchronisation in the Global Data Synchronisation Network and an extensive Global Product Classification that is used to categorise products. For visibility systems we have a standard ‘Core Business Vocabulary.’ “ Read more
SAN DIEGO — Teradata (NYSE: TDC), the analytic data platforms, marketing applications, and services company, today announced two acquisitions that accelerate the growth of its big data capabilities.
On July 16th, Teradata acquired assets of Revelytix, a leader in information management products for big data with unique metadata management technology and deep expertise in integrating information across the enterprise. On July 17th, Teradata acquired assets of Hadapt, including experienced big data technologists and intellectual property. Read more
Seth Grimes, president and principal consultant of Alta Plana Corp. and founding chair of the Sentiment Analysis Symposium, has put together a thorough new report, Text Analytics 2014: User Perspectives on Solutions and Providers. Among the interesting findings of the report is that “growth in text analytics, as a vendor market category, has slackened, even while adoption of text analytics, as a technique, has continued to expand rapidly.”
Grimes explains that in a fragmented market, consisting of everything from text analytics services to solution-embedded technologies, the opportunities for users to practice text analytics is strong, but that increasingly text analytics is not the main focal point of the solutions being leveraged.
Reflecting the diversity of options, respondents listed among their providers a number of open-source offerings such as Apache OpenNLP and GATE, API services such as AlchemyAPI and Semantria, and enterprise software solution and business suite providers like SAP. The word cloud above was generated by Alta Plana at Wordle.net to show how users responded to the question of companies they know provide text/content analytics functionality. Nearly 50 percent of users are likely to recommend their most important provider.