Big Data

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...