Tags archives: big-data

Forget superhumans, the world is moving towards supercomputers for faster, smoother, and a more intelligent digital experience. In the digital era, the war is not for arms, ammunitions, or people. It is, in fact, for leading the nation towards a digital superiority. Before you start wondering about an exascale supercomputer, it is a computer that’s capable of computing a billion-billion calculations/second. Currently, China is leading the pack with its Sunway TaihuLight. This is the world’s fastest supercomputer as of now and theoreti...
Dark Data, a subset of Big Data has been finding its way into the spotlight. We live in the midst of an atmosphere of numinous, yet docile data revolution. Our bromides about big data say a lot about our penchant for it. A single, personal object like the smartphone epitomizes the synthesis of Herculean information. It reminds us that data is encrypted into the air we breathe. Our love for social conversations, for more privileged, inside information, pales before the colossal volume of data contained in the web. Top analysis firm ID...
Imagine you want to the three volumes of the Lord of the Rings trilogy. You get on the Internet and say, “Hey good people of the Internet, does anyone has the LoTR trilogy?” If you were on some random site, here’s the answer you’ll get, “Hey, I’ve got all three volumes. Let me give it to you,” But on Torrent, is like a hundred people saying “Buddy, we’ve each got pages of this trilogy. Let us give you the pages and you can put the entire volume together yourself.” This figuratively explains how peer-to-peer technology in Torrent...
Kreditech, an online consumer finance startup that loans money to unbanked borrowers with little or no credit rating, is mining $110 million in a Series C round of funding. About $44 million of it is financed by Peter Thiel, famed entrepreneur and venture capitalist who discovered Facebook, Palantir and many others. Similar such buoyed fintech startups like WorldRemit, Funding Circle, and TransferWise are raising large rounds of fundings, and increasing mergers and acquisitions pointing toward an imminent disruption of the traditio...
Big Data helped Germany lift the World Cup in 2014. The relentless pursuit of the trophy started several months leading up to the summer tournament, when Deutschland’s tech savvy coaching staff decided to welcome Big Data technology into their coaching strategy. Bits of information were teased out of Die Mannschafts’ biometric data and movement during the tournament, along with comprehensive analysis of its opponents’ play history and tactics. That said, Big Data technology was one of the unsung heroes that helped Germany win the f...
The total data accumulated in the past two years - a Zettabyte - eclipses the previous record of human civilization. It is fast becoming mainstream with companies from across all industries combining a plethora of digital data with softwares to analyze it. Software makers are eager to drill into the big data goldmine, with analysts predicting exorbitant growth for the overall market. However, building a successful business exploiting the benefits of big data is anything but easy, and requires dexterity along with the right amou...