“Global Big Data market growing fast”
Market intelligence firm IDC has stated that the worldwide big data market cap is expected to hit $203 billion in the near future, with the Asian Pacific (APAC) leading much of the growth. IDC claims that organizations investing in productivity benefits in the region could attain $65 billion in reward by 2020 over competitors. Further, 53% recognize the necessity of big data for business and that they currently do, or will rely on it for their market survival in the future.
“Necessary, as three of four firms has suffered data loss in the last year”
Imanis Data, formerly Talena, has released eponymous backup and recovery platform version 3.0, which emphasizes support for large datasets generated by companies on the new era of big data.
Version 3.0 is claimed to strengthen backup architecture, recover and replicate terabyte and petabyte-sized data sets up to 10 times faster than any other solution on the market, and minimize the impact of data loss by reducing costly days and weeks of downtime to minutes and hours and reducing secondary storage costs by almost 80%.
The company has also claimed that its data backup platform utilizes cloud-based data replication to provide backup and disaster recovery across different regions and providers. This will essentially allow a user to split their backup across Microsoft Azure Blob Storage and HDInsight, while also including Amazon S3 and the Hortonworks cloud distribution for Hadoop.
“Ordered to unblock HiQ Labs from scraping public data”
U.S. Judge Edward Chen has has ruled that LinkedIn must allow the talent management startup HiQ Labs from collecting profile data from users within 24 hours on Monday.
HiQ Labs responded to the verdict on Monday “This ruling allows us to continue serving our clients while we seek to permanently prevent LinkedIn from monopolizing the aggregation and analysis of publicly available information on the web,”
LinkedIn had first confronted HiQ in May with a letter asking them to cease data collection of LinkedIn profiles for their business practices which uses publicly available “people data” to train its AI models to predict employee behavior.
Judge Chen, in his ruling on Monday, claims that adopting LinkedIn’s “broad interpretation” of CFAA “could profoundly impact open access to the internet, a result that Congress could not have intended when it enacted the CFAA over three decades ago.”
Enjoy your read? Check out our other content here.