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PR Newswire
23-01-2015, 09:33 AM
Big-data is the tech of the years ahead, IMO...
Goldman sinks S$74.5m in S’pore-based big-data firm
SINGAPORE —Goldman Sachs has made its first foray into big data in Asia by investing the lion’s share of a US$56 million (S$74.5 million) round of funding for Antuit, a Singapore-based data analytics start-up.
The investment illustrates the US bank’s interest in new big-data technology in Asia and the Republic’s emerging role as the region’s hub for a rapidly growing industry that has long been centred around Silicon Valley.
Big data is the capture and analysis of information — whether numbers or social-media output such as tweets and Instagram photos — to discern patterns in human behaviour for commercial purposes, such as targeted online advertising.
The market is dominated by Intel, Qualcomm and Google, but smaller players are emerging, often with the backing of Silicon Valley investors.
Financial institutions, too, are increasingly looking beyond traditional compliance systems to big data and new technology to root out illicit behaviour.
Goldman Sachs has bet on big data in the United States, including investing US$90 million in AvePoint last year and pouring US$100 million the previous year into Applied Predictive Technologies, a cloud-based “predictive analytics” software company.
...
http://www.todayonline.com/tech/goldman-...-data-firm
Goldman sinks S$74.5m in S’pore-based big-data firm
SINGAPORE —Goldman Sachs has made its first foray into big data in Asia by investing the lion’s share of a US$56 million (S$74.5 million) round of funding for Antuit, a Singapore-based data analytics start-up.
The investment illustrates the US bank’s interest in new big-data technology in Asia and the Republic’s emerging role as the region’s hub for a rapidly growing industry that has long been centred around Silicon Valley.
Big data is the capture and analysis of information — whether numbers or social-media output such as tweets and Instagram photos — to discern patterns in human behaviour for commercial purposes, such as targeted online advertising.
The market is dominated by Intel, Qualcomm and Google, but smaller players are emerging, often with the backing of Silicon Valley investors.
Financial institutions, too, are increasingly looking beyond traditional compliance systems to big data and new technology to root out illicit behaviour.
Goldman Sachs has bet on big data in the United States, including investing US$90 million in AvePoint last year and pouring US$100 million the previous year into Applied Predictive Technologies, a cloud-based “predictive analytics” software company.
...
http://www.todayonline.com/tech/goldman-...-data-firm
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