Big Data Travels around the World, Too
Big data analytics is picking up momentum worldwide, and most companies have already started to dig into their stockpile of data in one way or another, for a variety of reasons. Not all are using data analytics products that can, for example, detect the more complex patterns in consumer behavior and brand–perception, but the number of companies that do are growing.
Business intelligence software maker SAS announced today that the Industrial and Commercial Bank of China is now using its software to get insight from its big data. ICBC has 220 million customers with 600 million accounts, and handles 200 million transactions a day according to the release.
“With volumes of traditional account and transaction data, as well as data from mobile payments and other new sources, ICBC embodies the Big Data challenge facing global businesses today. Through scalable Big Data Analytics technologies from SAS, businesses like ICBC find insights within Big Data that help them compete and succeed.”
Chid Apte, director of analytics research at IBM and chair of the upcoming Association for Computing Machinery conference, noted that these new sources – specifically social media, everything web-based and healthcare data – have caught the enterprise’s eye. We’ve been seeing a lot of growth in this area lately.
Yesterday, Hopper announced a $7 million round of funding. The startup is working on a travel search service currently in closed alpha that focuses on helping users find things to do, rather than locate the best deal. It aims to do so by building the largest DB of travel data out there, similar in scale to Google’s upcoming flight search service and other similar services.
Another new interested big data venture is the Daily Dot. It’s essentially an online newspaper that aims to makes its stories more interesting to users on a whole new level, leveraging big data. The startup is doing something similar to what you would see in the average local paper that’s covering things directly impacting the town, only web 2.0-style.
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