According to Steve Lohr's recent article in The New York Times, up to now, the focus on the power and implications of Big Data technology has been involved social media, business decision-making and online privacy. Those are big subjects in their own right. So it’s not surprising that the notion of a data-driven society has not been much considered.
Greg Slobodkin writes in his Fierce GovernmentIT article that Understaffed and outspent, the Securities and Exchange Commission is making an "unprecedented" investment in technology to protect investors and keep up with the fast pace and complexity of financial markets, says SEC Chairman Elisse Walter.
According to Forbes, it’s impossible to browse a news site or attend an industry event without seeing or hearing the phrase “big data” tossed around as the next big thing for business – much like Software-as-a-Service (SaaS) was only a few years ago. Companies across the globe are acknowledging the fact that there is a surplus of data being collected with the potential to provide invaluable business insight. The volume of data is so large it’s measured in zettabytes, and 96 percent of that data isn’t easy to get to because it is behind a firewall, locked inside digital corporate vaults.
A global vendor of bioresearch equipment, chemicals and supplies, needed to improve its IT infrastructure. To keep its Oracle® support contract and avoid the financial risk of off-warranty IT repair, replacement and labor costs, the company had to migrate from Oracle Hyperion® Financial Management and Planning 9.3.1 to version 22.214.171.124 without delay.Read More
Data-driven rules are rules that generate focused transactions in response to specific data in Oracle HFM. Data-driven rules can be faster, safer, and easier to write than more standard approaches. As data volumes rise with the introduction of 64-bit HFM, the technique should be an essential part of every HFM developer's toolkit.Read More
The Hyperion Professional Women’s Forum invites you to join your peers for this fun and educational networking lunch, where McAfee will illustrate how they leverage Hyperion software to support financial planning, close operations and consolidations processes.Read More
Education has long been an institution of data collection. In the 70s and 80s most report cards were handwritten by the teacher, sent home with the students for their parents to read and sign and return to the teacher to be tucked away until the next marking period. Parents would analyze the data written on the report card to determine if their children were making progress in the curriculum or if they were falling behind other students.
In the late 80s and early 90s the advent of affordable database systems led to a more automated approach to data collection. Teachers were able to enter the student’s marking period grades into a database and hit the print button. They were able to generate report cards instantly for every student. The students were able to take the report card home to the parents and no longer did they have to return the report card to the school for safe keeping. Electronic data storage began in K-12 education.Read More
Oracle senior vice president Juan Loaiza took the stage at OpenWorld to provide more details of the next-generation Exadata X3 database machine, which CEO Larry Ellison announced on Sunday.Read More
Yesterday Oracle treated OpenWorld conference-goers a guided tour of its new 12c database and its much-buzzed-about Exadata X3 machine, announced on Sunday by CEO Larry Ellison.
The most notable feature of the new 12c, set for release sometime next year, is multitenancy, which enables users to create multiple "pluggable" databases that reside within a single container.Read More