Digital Reasoning Receives Funding from Silver Lake
December 6, 2011
Companies that combine big data expertise with analytics knowledge are a hot commodity these days as government and private firms are looking to invest in technology to make sense of the massive amounts of unstructured data being collected.
On this note, Big Data Analytics specialist Digital Reasoning announced in a December 6 news release “Digital Reasoning Raises Venture Financing for Automated Understanding of Big Data” that it has successfully raised Series B funding with help from In-Q-Tel, individual partners of Silver Lake, and other private investors. The company did not disclose the amount, but a GigaOM article uncovered it’s SEC filing which puts the number at $4.2 million.
In addition to achieving this feat, the company also welcomed industry veteran and Silver Lake Sumeru partner John Brennan to its board of directors.
Digital Reasoning uses its flagship product Synthesys to analyze unstructured and structured big data to reveal relationships between people, place and time. It takes text-based data and sifts through documents and connects the dots without company employees having to read them all. Digital Reasoning works with more than a dozen government agencies to uncover security threats and accelerate the time to actionable intelligence.
Brennan stated:
“Organizations in every market are looking for ways to exploit the information and intelligence embedded in unstructured data; Synthesys could be a transformational solution in the enterprise as organizations develop their big data strategies,” said John Brennan. “Digital Reasoning’s platform can go beyond its success in the government intelligence market to help enterprises quickly analyze big data to detect fraud, uncover market trends, gain better insight into customer behavior, and mitigate risk.”
The combined power of an investment of this magnitude and Brennan’s software and operating background will allow, the already successful, company to potentially expand beyond its current government intelligence work into new markets.
Jasmine Ashton, December76, 2011
Sponsored by Pandia.com
SAS Creates Customer-Centric Analytics Software
December 4, 2011
Business analytics and software firm SAS recently unveiled the Phillippine’s first customer intelligence software that can analyze data from online conversations and relationships in social networking sites.
The SAS Customer Intelligence, includes a range of applications that allow firms to better understand their customer base. These include: customer analytics, forecasting, and credit-scoring to choreographing multi-channel marketing strategies and gathering marketing data from social media.
NewsBytes Phillippines reported on the new software in the November 25 article “SAS Rolls Out First BI Software For Social Media in PH.”
the article states:
“SAS global senior product marketing manager Ken King said in a press briefing that the new software is a comprehensive tool that can monitor and analyze data from social media – a capability that ordinary statistics services such as Facebook analytics cannot provide.”
Customer decisioning is an important focus area for any business so I’m glad to see SAS’ investment in this area. This software will allow organizations to gain deeper customer insight, create and manage a customer-centric data repository, predict customer behavior, and give accurate customer profiles.
Jasmine Ashton, December 04, 2011
Inteltrax: Top Stories, November 21 to November 25
November 28, 2011
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, the highs and lows of recent analytics news.
On the high side, was our story “Speech Analytics Market Approaches Billions” that chronicled the success of applying unstructured big data analytic techniques to recorded speech, such as in call centers.
On the low side, we found “Mobile BI Takes a Surprising Misstep” explores how the once bustling mobile BI market recently took a hit.
And somewhere in the middle, we found “In-Memory Databases Cause a Stir” attempted to draw the line between traditionalist and futurists of analytics.
It’s a wild ride every week in the world of big data analytics. Sure things go bust, underdogs appear from nowhere and divisions are drawn. Stay tuned to see where it all leads.
Follow the Inteltrax news stream by visiting www.inteltrax.com
Patrick Roland, Editor, Inteltrax.
November 28, 2011
Inteltrax: Top Stories, November 14 to November 18
November 21, 2011
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, Some exciting nes among our favorite providers.
The most interesting tale came from, “Tibco and Digital Reasoning Give A Glimpse at Operational Thinking,” which looked at the minds of the CEOs of these exciting organizations.
In “IBM Ready to Take Analytics Seriously” we discovered some interesting news that shows the computing giant is pushing all its chips into the analytic pile.
However, our story “Qlik Tech’s Collaborative BI is Too Much of a Good Thing” shows that too many cooks can spoil one’s analytic soup.
Here’s just another quick sampling of the many ways big data analytics is changing. And we’re following the biggest names in big data everyday, noting the moves and blunders therein.
Follow the Inteltrax news stream by visiting http://www.inteltrax.com/
Patrick Roland, Editor, Inteltrax.
Protected: The Best SharePoint Denali-SQL 2012 Enhancements for Disaster Recovery
November 18, 2011
Adobe Back Out of the Enterprise
November 16, 2011
We came across another interesting write up from Megan Feil on the shifting business approach at Adobe. Here’s what we found:
When the markets invariably change, does a company follow suit and 180 with the changing times? Well, we know how Adobe responds after reading Mac World’s report on Adobe’s restructuring in their article, “Adobe to Reduce Enterprise Software Investment.” Adobe sees digital media and digital marketing products as the areas with the potential for astronomical growth and they want to cash in.
Adobe is changing things up for their company, but predictably choosing the safe route. It will continue to invest in its Creative Suite products and place more emphasis on HTML 5. As far as marketing goes, they plan on investing in analytics and reporting, especially on mobile devices and social networks.
Mac World quotes their CFO’s statement:
“We believe that by focusing resources on two large initiatives and shifting our business model, we can drive faster and more predictable growth in [fiscal year 2013] and beyond,” CFO Mark Garrett said in a statement.
Their enterprise software brought in less than 10 percent of their overall revenue last quarter, so it seems like they might be making a good move for their business. In regards to enterprise software in general, Adobe seems to be snubbing the possibilities this market has for expansion. With the consumerization of information technology, there are wide open spaces of room for companies to innovate software and applications for the enterprise. It’s all about tapping into what users want: business intelligence with intuitive ease.
We think that this shift is illustrative of how a company’s direction can shift. It is interesting to note that they are concentrating on HTML5 instead of Flash for the mobile world. We did find that Polyspot’s business intelligence approach was already poised to handle the mobile economy. Our colleague Constance Ard over at Answer Maven is pretty adamant about mobile: “If companies do not account for personal and business mobile devices in their enterprise information management they will suffer the consequences.” Guess it’s good that there are software companies that can help.
Andrea Hayden, November 16, 2011
Sponsored by Pandia.com
Selventa and Linguamatics Team Up to Mine Scientific Research Details
November 14, 2011
At the end of last month, Cambridge MA based Selventa, a personalized healthcare company, announced that they were teaming up with text mining UK based software firm Linguamatics to extract complex life science knowledge in a computable, structured, biological expression language (BEL) format that can be used to interpret large-scale experimental data in the context of published literature.
In a November 7, Fierce Biotech post “Selventa and Linguamatics Team on Mining Details in Journals” David de Graaf, president and CEO of Selventa, was quoted saying:
“Collaborating with Linguamatics will enable rapid yet comprehensive investigation of new areas of biology by extracting computable knowledge from unstructured text. This will lead to innovation on many fronts, such as next generation sequencing, where well-structured information for reasoning has been limited.”
The technology created from this unique partnership could save Scientists countless hours that they previously spent poring over scientific texts or doing manual database searches to get to the findings they need for studies. You’ve gotta love technological innovation.
Jasmine Ashton, November 14, 2011
Protected: Top SharePoint Tweeters
November 9, 2011
Inteltrax: Top Stories, October 31 to November 4
November 7, 2011
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, its impact on businesses and nations around the globe.
A good overview of this topic was our article, “Businesses Prepare for Analytic Bandwagon” http://inteltrax.com/?p=2674 which showed proof that businesses across all industries and sizes are latching onto the power of big data analytics to improve their bottom lines.
More specifically, we saw its impact on a tiny nation in the story, “New Zealand Stepping onto World BI Stage,” http://inteltrax.com/?p=2687 which showed how that country’s passion for big data with companies like Right Hemisphere and ComOps.
We issued a firm warning to any business trying to get something for nothing in “Freemium BI Software Not the Total Answer to Analytic Woes,” http://inteltrax.com/?p=2694 which warned that free BI tools are no match for the investment of proven analytic tools.
This is a wide swath of analytic focus, but each well worth the attention. Whether it puts a small country on the tech map, offers companies chances to get more competitive or also tempts budgets with worthless freebees, IntelTrax is watching the pulse of the industry to keep readers informed.
Follow the Inteltrax news stream by visiting
Patrick Roland, Editor, Inteltrax
Inteltrax: Top Stories, October 24 to October 28
October 31, 2011
Inteltrax, the data fusion and business intelligence information service, captured three key stories germane to search this week, specifically, the economic challenges that are realized and overcome thanks to the use of big data and analytics.
The best example of this situation that we found came from our story, “BI’s a Part of Germany’s Strong Economy,” http://inteltrax.com/?p=2647 showcased the fascinating trend of how one of the few thriving European economies is directly tied to business intelligence and data analytics.
The story, “Analytic Jobs a Possible Economic Solution,” http://inteltrax.com/?p=2652 discussed how analytic work has been steady while other industries dry up. Could data analysis be the fix to sluggish economies?
Another economic staple, FICO credit scores, were magnified in the story, “Pushing 60, FICO Adjusts to Analytics.” http://inteltrax.com/?p=2655 Here, we discovered how the credit giant takes the massive amounts of personal data to streamline its analytic system.”
No matter how you slice it, economics is a hot topic these days. We were pleased to discover a positive side to this talk when paired with analytics. We are optimistic about this union in the future and will continue giving it our attention at IntelTrax.
Follow the Inteltrax news stream by visiting
Patrick Roland, Editor, Inteltrax.
October 31, 2011
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