10Fold – Big Data Business Insights – 21

Your daily digest of “All Things Big Data” gathered, collected and researched by your very own 10Fold Big Data Practice team.

Big Data

10 FOLD ICON 15x15 Many operators within the food industry are using some sort of data to make business decisions. Specifically, multiunit operators already have access to the tools needed to put their big data to work improving their businesses. QSR recommends three reasons why analytics can help improve businesses. First, businesses will get better information. Spreadsheets have limitations, and cannot handle all of a company’s data. Secondly, with better information companies can make better decisions. A thorough analytical system will compare labor costs against a store’s high and low volume sales to determine where staff is needed. Lastly, better decisions help increase profits. With more information, operators can take action on opportunities sooner that were not seen before.

10 FOLD ICON 15x15 Big Data mobile gaming startup Icejam Games, Inc. raised $2.13 million in Series A funding. IceJam integrates real-world “Playable Data” into its games utilizing any dataset or combination of datasets. The company believes that Playable Data makes mobile gaming more interesting, and integrates real-time, real-world experiences for customers. The company plans to use new funds to continue development of of Playable Data and to help prepare for their first game for market introduction.

Embrace your Big Data– QSR

Big Data mobile gaming startup Icejam raises $2.13m Series A – Silicon Angle

Hadoop

10 FOLD ICON 15x15 Hadoop creator, Doug Cutting, recently spoke with The Next Platform about how the last decade of Hadoop has shaped the meaning of data in the enterprise. While working with his collaborator, Mike Cantrella, on the Nutch search engine back in 2004, he began to see the possibility of an ecosystem. Eventually, his open source roots taught him that projects are not developed as comprehensive applications but rather components with the expectation that some stitching is required to create functionality. This lead him to the creation of Hadoop.

A decade of Hadoop: Creator cutting on the right place for the right time – The Next Platform

IoT

10 FOLD ICON 15x15 Samsung Electronics has just reported a large decline in their 2015 sales with a weakening demand for consumer electronics. The company has also hinted at a profit decline for the first half of 2016. In attempt to increase sales for the remainder of 2016, Samsung plans to lead the Smart Home era with diverse IoT-enabled products. They plan to use their smart TVs as the center for controlling IoT devices within the home including connected lights, sound, and security devices.

Samsung Electronics yearly net profit at lowest level in four years – ZD Net

Advanced Analytics

10 FOLD ICON 15x15 Gartner predicts that by the time we reach 2018, more than half of large businesses will rely heavily on advanced analytics and proprietary algorithms. Another big term Gartner used was trust. They predict that businesses that choose to proactively govern ethical impacts of advanced analytics, including the relationship between data, trust and business outcomes, will create more trusted relationships with their customers.

Gartner: Advanced analytics will be (a) key business tool by 2018 – IT Pro Portal

eCommerce

10 FOLD ICON 15x15  Magneto continues to be a hot topic in eCommerce as many merchants are now potentially at risk of a hijacking attack. The bug has been found in all versions of the Magneto Community and Enterprise Edition edition. Security researchers have reported that a hacker could use the flaw to embed malicious JavaScript code inside customer registration forms. This type of vulnerability can also be used by attackers to take over victims’ websites, create new admin accounts, steal client information, and anything else a legitimate administrator account is allowed to do.

Millions of eCommerce Sites At Risk from the Magneto Bug – PYMNTS