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Tonic is betting that synthetic data is the new big data to solve scalability and security

TechCrunch

Big data is a sham. There is just one problem with big data though: it’s honking huge. Processing petabytes of data to generate business insights is expensive and time consuming. Processing petabytes of data to generate business insights is expensive and time consuming. What should a company do?

Big Data 267
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It's time to establish big data standards

O'Reilly Media - Data

The deployment of big data tools is being held back by the lack of standards in a number of growth areas. Technologies for streaming, storing, and querying big data have matured to the point where the computer industry can usefully establish standards. The main standard with some applicability to big data is ANSI SQL.

Big Data 195
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Report: Klaviyo to IPO later this year

TechCrunch

The Wall Street Journal reports that Klaviyo , the Boston-based marketing automation startup that has raised more than $775 million, is going to pull the trigger later this year. Klaviyo joined the trend when it laid off 140 employees last month, as TechCrunch reported. That could be about to change.

Report 236
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As extreme weather events worsen, 7Analytics meshes AI and big data to predict flooding

TechCrunch

Recent data from reinsurance company Swiss Re suggests that extreme global weather events cost insurers $101 billion last year , apparently only the third time since 1970 this figure has surpassed $100 billion. And Hurricane Ida alone reportedly caused at least $50 billion in damages , depending on what figures we’re to believe.

Big Data 233
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Reporting cybersecurity posture and systemic risk to the board

CIO

A 2024 PwC report found that 49% of directors see cybersecurity as a significant oversight challenge ( “Overseeing cyber risk: the board’s role,” PwC, January 2024). This should be no surprise since the global average cost of a data breach is $4.88 This is the essence of cybersecurity posture reporting.

Security 199
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UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

TechCrunch

Meanwhile, Marshmallow’s novel, big-data approach and successful traction in the market speak for themselves. Regardless of whether Marshmallow is the first or one of the first, given the dearth of diversity in the U.K. Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI.

Insurance 219
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The future of data: A 5-pillar approach to modern data management

CIO

This approach is repeatable, minimizes dependence on manual controls, harnesses technology and AI for data management and integrates seamlessly into the digital product development process. The data platform function will set up the reporting and visualization tools, while the data engineering function will centralize the curated data.

Data 167