InfoAnda - Venture capital sees big returns in big data |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

S.Korea BOK plays down fallout from recent jitters | 5 February 2010
Militants attack Philippine jail, 31 inmates freed | 13 December 2009
Australia's Fortescue cites tax, suspends projects | 19 May 2010

New U.S. envoy to Libya pledges support | | 15 October 2012

Forum Views () Forum Replies ()

Read more with google mobile : Venture capital sees big returns in big data |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Mystery fossil turns out to be giant fungus 24 Apr 2007 Dutch prince buried in avalanche, condition critical | 4:16pm EST Italian police seize $6 trillion of fake U.S. bonds | 3:37pm EST German president resigns in setback for Merkel | 12:29pm EST John and Ken's Racist Radio and Whitney Houston 12:49pm EST Discussed 256 Obama proposes $800 million in aid for ”Arab Spring” 242 It’s bailout or chaos, PM Papademos tells Greece 162 REFILE-Al Gore takes aim at ”unsustainable” capitalism Watched Huge baby shocks parents Tue, Feb 7 2012 Humanoid robot makes storefront debut in Valentine's experiment Fri, Feb 10 2012 Ships trapped in frozen Azov Sea Wed, Feb 15 2012 Venture capital sees big returns in big data Tweet Share this Email Print Related News Oracle buying Taleo for $1.9 billion, cloud war brews Thu, Feb 9 2012 A sobering look at Facebook Fri, Feb 3 2012 Facebook's Zuckerberg to keep iron grip after IPO Thu, Feb 2 2012 Analysis: Facebook's daunting Asian challenge Thu, Feb 2 2012 Analysis & Opinion Target, Google, and privacy Capitalism is evolving, but into what? Related Topics Tech » Small Business » Media » By Sarah McBride SAN FRANCISCO | Fri Feb 17, 2012 3:03pm EST SAN FRANCISCO (Reuters) - When Jason Goldberg set out to raise a new round of funding for his flash sales site Fab.com, he dispensed with the usual PowerPoint presentations and instead gave potential investors a look at the crown jewels: the "dashboard" of real-time analytics that can instantly spot trends and enable the site to tweak its offerings on the fly. The company soon closed a $40 million round of funding from blue-chip venture capitalists including Andreessen Horowitz. Such is the allure of big data, a buzzword that refers to the newfound ability to collect and analyze massive amounts of information on almost every dimension of the human experience. In sectors ranging from retail to healthcare to social media, the promise of Big Data has venture capitalists salivating. "The best themes are the ones you can see everywhere and big data is everywhere you turn," said David Hornik, a partner at August Capital. Venture firms invested a total of $2.47 billion last year in fields around big data, including database management and data processing, according to Thomson Reuters data. That compares to $1.53 billion in 2010 and $1.1 billion in 2009. Venture investors are building their strategies around a few key themes within big data. Accel Partners' Ping Li controls a dedicated $100 million Big Data fund, carved out of bigger Accel funds. He divides the themes into four, starting with the storage and networking services that support big data platforms. Amazon, with its web-services business, is an example. The next group is the type of company that builds the platforms that enable the analysis of huge volumes of data. That would include his own portfolio company, Cloudera, and others such as Hortonworks, backed by Benchmark Capital and Yahoo. Cloudera and Hortonworks help companies work with Apache Hadoop, an open-source software framework that helps organize and manipulate big sets of data. Once the data is set up in an analysis-friendly way, businesses need software applications that make sense of it. Here, Li sees two more areas for investment -- what he calls big data apps, and data-driven apps. A prominent big-data app is Domo, the business-intelligence service run by Omniture founder Josh James. It has snagged $63 million in funding from venture firms like Institutional Venture Partners and Benchmark Capital. Data-driven apps -- meaning the data is used in a way that drives another app, rather than analyzed and managed for its own intrinsic value -- range from companies like the Climate Corporation, which takes myriad data points about the weather and uses them to price crop insurance, to Lookout, which uses data to protect mobile phones. Others, such as John Connors of Ignition Partners or Jim Smith of Mohr Davidow, prefer to think of the apps category as consumer-focused or enterprise-focused. In the enterprise category, Connors gives the example of his and August Capital's portfolio company Splunk, which allows companies to analyze data in a way that in the past might have required expensive data warehouses and specialized, hard-to-deploy technology. Splunk filed for an initial public offering last month. "People can begin, in corporate situations, to use corporate data the way we as consumers use the internet," Connors said. He pointed to a phone company cross-referencing a customer's data use compared to her payment plan compared to a plan the phone company is pushing, which he said became a simple exercise on Splunk compared to a too-expensive and too-complicated process even just a few years ago. "The cost to build and maintain the data warehouse under old technology would be in the range of $10 million to $15 million, and take about two years," he said. On Splunk, it cost $1.5 million and took three months. Without the lower pricetag and simplicity of use, the customer nuances wouldn't have come to light, perhaps costing the company lost customers and revenue. Liquid Robotics, a VantagePoint Capital-backed company that deploys floating robots to measure vast amounts of ocean data, plans to start selling information about minute variations in ocean currents that wouldn't have been practical to track using old technology, said chief technology officer James Gosling. Fishing fleets could use the information to find areas with the best catch, he said, or shipping companies could use it to find the fastest routes. Consumer plays include companies like Google, Facebook, and Zynga. "Social media is not monetizable without big data," said Mohr Davidow's Smith, who believes it would be impossible to target ads precisely without it. Connors sees medical services and traditional retail as areas that are ripe for more big-data based investments. Boston-based Foundation Medicine crunches through massive data sets on patients' tumors to compare aberrations, treatments and outcomes, with the goal of refining cancer care and improving the quality and length of life for those with the disease. Its backers, including Google Ventures, Kleiner Perkins Caufield & Byers, and Third Rock Ventures, hope it will one day become a big business. Co-founder and Third Rock Partner Alexis Borisy says Foundation wouldn't exist without the ability to collect vast amounts of data on individual tumors and analyze it quickly and inexpensively. In the retail sector, Fab.com aggregates data including users' purchase history, membership date, purchase rates and total spending on a minute by minute basis. While some quibble that data sets in retail may not reach the massive level of terabytes or more that some think of as big data, others say the definition depends more on the expansive way the data is drawn together and used. In Fab's case, the data sets are connected to a software platform that digests them in real time and spots trends that help drive business decisions. Another method called cohort analysis lets Fab.com use data to monitor groups of users by their join date and compare their engagement levels, purchase rates and lifetime value to the site. "We look at RJ Metrics data on cohorts, on sources where they joined Fab, what they go on to do and then we make adjustments on our advertising targets," Goldberg said, referring to the company that provides its big-data software. Venture capitalists say the big-data wave is just starting to build. Li, for one, sees limitless opportunity in mobile. "The mobile device is the single best data-capture device ever," he said. "Always with you, and it generates a ton of data." (Reporting By Sarah McBride. Additional reporting by Malathi Nayak. Editing by Jonathan Weber, Phil Berlowitz) Tech Small Business Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 18 February 2012
Xi confident on 2012 Chinese economy, visits U.S. school |
U.S., EU welcome Iran nuclear letter, suggest talks |
Iranian naval ships enter Mediterranean via Suez |
Prison fire puts spotlight on Honduras meltdown |
U.S. Navy fears small Iranian boats, confident of own |
Hackers target Putin's vote-monitoring system |
Briton jailed for extensive Facebook hack |
Venture capital sees big returns in big data |
Hackers target Putin's vote-monitoring system |
Got white girl problems? Babe Walker does, too |
Kinnucan, ex-SanDisk exec charged in insider probe |
Foo Fighter's Dave Grohl defends Grammy speech |
Got white girl problems? Babe Walker does, too |
For Mideast foes' Oscar films, family trumps flag |
Pattinson says may be too old to return to Twilight |
Sean Stone hopes Islam conversion aids understanding |
Jon Secada joins campaign on chronic hepatitis C |
Chinese envoy to meet Syrian leader after U.N. condemnation |
U.S., EU welcome Iran nuclear letter, suggest talks |
China's Xi sells U.S. trade elixir, personal chemistry |
Collapse of arms trade treaty talks narrowly averted |
Japanese emperor's heart bypass operation a success |
Apple did not infringe HTC technology: ITC |
Stars come out for Whitney Houston's funeral |
Whitney Houston's hometown remembers her fondly |
The Help wins big at Image Awards; Houston remembered |
Carlynsanity
Image makers to Chris Brown: take a chill pill |
Robin Thicke arrested in New York for pot |
Israel calls for tougher Iran sanctions |
Afghanistan hopeful of Pakistan's help in peace drive |
Pope leaves stamp on Church future with new cardinals |
Trial starts in Iran's biggest banking scandal |
Prostitution probe to quiz Strauss-Kahn: source |
France's far right leader Le Pen tries revive campaign |
Fortabat, one of Argentina's richest women, dies at 90 |
Motorola Mobility says Apple files EU patent complaint |
Cold War film tipped to snare Berlin Golden Bear award |
Apple may be working on an iOS-ARM notebook
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01