We are now in the era of big data 2.0, as defined by Foster Provost and Tom Fawcett in Data Science for Business. There's growing interest in predictive analytics solutions powered by machine learning. As InsightsOne CEO Waqar Hasan puts it: "Predictive is the 'killer app' for big data."
When AT&T executives talk about their network, they are more likely to discuss platforms and APIs than they are to mention servers and routers. Like other Tier I operators, AT&T is learning that the way it manages its intellectual property will impact its future at least as much as the way it manages hard assets.
These days, the web is really a web: Applications depend on one another for data and services. Companies increasingly want developers to use their services, and companies like Apigee make that move possible.
Marc Andreessen, legendary entrepreneur and now venture capitalist at the firm he co-founded, Andreessen Horowitz, famously opined a few years ago in the Wall Street Journal that software is eating the world.
Predictive analytics company Apigee Inc. has raised another $60 million to help corporate customers take advantage of mobile devices to make faster, more data-driven decisions as it moves toward an initial public offering, the company told Venture Capital Dispatch.
Looking ahead to a potential public offering in the next year the application program interface and analytics services company Apigee has raised an additional $60 million in late stage financing.
It might be a while before we see a public offering by Apigee, the software management and analytics company that moved its headquarters to downtown San Jose late last year.
As part of a new deal, New Zealand-based innovation business Qrious will be powered by Apigee's API platform, which will see Qrious' data delivery be sped up and monetised.
Enabling enterprises to apply sophisticated analytics on fine-grained data, Apigee launched a major new version of its Insights big data analytics platform. The platform allows enterprises to deliver improved individualized services through predictive apps.