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Revel Systems raises $100M, CEO talks competition and being a woman in tech

San Francisco based Revel Systems, an iPad based Point of Sale (POS) system, has secured about $100 million Series C funding form New York City based private equity firm Welsh, Carson, Anderson & Stowe (WCAS) and other “strategic investors”. Made up of an initial $65 million investment and a further $25 million equity line available from WCAS, Revel Systems says it will use the funding to boost support and operations in order to meet fast-growing sales and high demand for its iPad POS platform. The funding comes hot on the heels of the announcement last month that Smoothie King will be... more »
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“Masque Attack” installs fake iPhone apps, steals user data, says FireEye

Yesterday cybersecurity firm, FireEye, published a blog post in which they detail their ‘Masque Attack’ exploit against iOS. The exploit dupes users into installing what appears to be a valid app update, but in fact replaces the original app and starts stealing user data immediately. FireEye says it first notified Apple Inc. about the threat back in July. FireEye goes into some detail with an example showing an app update titled “New Flappy Bird”. The step-by-step example shows how the fake app actually replaces the Gmail app on the phone giving the attacker the ability to upload the user’s email to... more »
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Red-hot Hortonworks lays out IPO bet on the table

As if we needed any more evidence of how hot Hadoop is right now, Hortonworks Inc., the second-largest Hadoop distributor according to Wikibon, has filed for an initial public offering to take place this year or next. News of its impending IPO was first reported in Forbes, which provided a number of details about the state of the company's finances. According to the filing, Hortonworks had revenues of just $11 million in 2013, while its losses amounted to $36.6 million. Things have improved a notch in 2014, with revenues of $33.3 million compared to losses of $86.7 million. What wasn't said is... more »
Darkhotel: Hackers selectively target top execs via hotel Wi-Fi in Asia

Darkhotel: Hackers selectively target top execs via hotel Wi-Fi in Asia

In a report titled: The Darkhotel APT: A Story of Unusual Hospitality, security research firm, Kaspersky, details how hackers have been targeting high level executives using in-house Wi-Fi in hotels across Asia for some four years now. According to the report, the hackers are highly selective when picking their victims and seem to track targets and strike when they sign into their hotel’s supposedly private and secure Wi-Fi network. How do they do it? Once the executives enter their room number and surname to access the hotel Wi-Fi they are tricked into downloading what appears to be valid updates of popular and common... more »
After privatization, Michael Dell's vision for an end-to-end vendor is finally coming together | #DellWorld

After privatization, Michael Dell's vision for an end-to-end vendor is finally coming together | #DellWorld

Dell Inc. has been a work in progress for the better part of the last decade as Michael Dell worked to make the personal computer maker he established in his dorm room in the 1980s a bigger part of the enterprise market. Wikibon chief analyst Dave Vellante and principal research contributor Stu Miniman traveled to the hardware powerhouse's annual customer conference in Austin last week to check how the founder's plans have progressed since he took his namesake company private last October. Although Dell no longer divulges financial performance, there's plenty of evidence to suggest that the vendor's shift away from Wall... more »
AWS bags ISO 9001 Certification to ease data concerns

AWS bags ISO 9001 Certification to ease data concerns

On the eve of AWS re:Invent 2014, Amazon Web Services Inc., has announced a new certification that means it can now pitch its services to data-sensitive industries like the life sciences and healthcare. AWS evangelist Jeff Barr revealed the new ISO 9001 accreditation in a blog post, saying it would enable customers to run quality-controlled workloads in the AWS cloud. A number of AWS' regions are covered by the new certification, including US East (Northern Virginia), US West (Oregon), US West (Northern California), GovCloud (US), Europe (Ireland), South America (Brazil), Asia Pacific (Singapore), Asia Pacific (Sydney), and Asia Pacific (Tokyo). The certification... more »
Robocoin kills anonymity with KYC/AML software in its ATMs

Robocoin kills anonymity with KYC/AML software in its ATMs

Bit by bit, Bitcoin is slowly becoming more mainstream, and though is a dream come true for many enthusiasts, in reality it could quickly become a nightmare. You see, as more businesses starts accepting Bitcoin transactions, they are obliged to follow government rules such as implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) to avoid being used for money laundering or other illegal activities that would jeopardize their business. The problem is that the people who started Bitcoin wanted a way for people to purchase things and services without having to give up their identity. As businesses comply with KYC... more »
Kickstarting a new way to develop for the Internet of Things with Thingsee One

Kickstarting a new way to develop for the Internet of Things with Thingsee One

A group of ex-Nokia employees, founders of a Finnish startup named Haltian, have launched a Kickstarter crowdfunding campaign to bring the Internet of Things to the hands of developers. The campaign promises to deliver a cheap, sleek hardware platform in the form of the Thingsee One. The Internet of Things is an ever-growing ecology that is an obvious outgrowth of mobile devices and many large corporations are jumping on board with this phenomenon. Developers are being drawn along with this anticipation, as ARM’s VP of VP of strategy for the Internet of Things business unit Kerry McGuire explained at IBM Impact... more »
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Evaluate Hadoop supplier partnership strategies when choosing a Big Data partner

Companies moving beyond the pilot phase of their Big Data projects need to evaluate the partnership strategies of the Hadoop suppliers when picking a vendor, writes Wikibon.org Principal Research Contributor Jeff Kelly. Hadoop is a foundational technology for the modern data architecture due to its ability to support analytics on data of any structure and to scale out efficiently and affordably. But, Kelly cautions, it must integrate tightly with the data management technologies already in place in the company architecture to deliver maximum value and avoid becoming another data silo. This makes the vendor’s partnership strategy important. Kelly suggests five criteria for evaluating... more »
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Historic tipping point for mobile shopping expected this holiday season

Smartphones and tablets will take a lead role in the forthcoming holiday shopping season, IBM Corp. predicts in its newly published forecast for the five-day retail frenzy, pushing the trend of mobile payments to new heights. If the tech giant is to be believed, 2014 will go down in the history books as a year of broken records for the e-commerce industry. Combining real-time data from users of the IBM Digital Analytics Benchmark software and U.S. Census Bureau observations, Big Blue has concluded that mobile devices will account for over 48 percent of traffic during the December shopping extravaganza, up from... more »

Premium Research

- David Floyer

Industrial IoT, the largest segment of the Internet of things (IoT) with the highest potential value, will require a deep integration between modern IT (Information Technology) and OT (Operations Technology). Modern IT technologies, to be truly extensible to OT, will need a hybrid cloud approach, with by far the majority of data and processing residing at the so-called "Edge". Architectures and software written by industrialists for industrialists, such as GE Predix, are showing how that can work.

- George Gilbert

The big data arena is at a crossroads. Use cases and tools are proliferating faster than most big data teams are gaining experience. In establishing the big data business capabilities required to cut through the complexity, CIO’s must balance the accessibility of integration of traditional SQL DBMS’s versus speed of innovation in the mix and match open source big data ecosystem.

- Peter Burris

In the big data domain, businesses are trying to solve complex problems with complex and novel technology -- and often failing. Simplifying the packaging of big data technologies will streamline big data pilots and accelerate big data time-to-value. CIOs looking to establish differentiating big data capabilities need to consider Single Managed Entities to help solve the complexity problem.

- David Floyer

Oracle M7 technology is meeting or exceeding the announcement performance claims against previous generation. Even taking very conservative assumptions, the business case for migration from T5 to T7 servers is good. Wikibon concludes that for Oracle software and the servers they run on, the adoption of M7 technology (and T7 server technology) is best practice for these high value compute areas.

- David Floyer

The premise tested in this research is that high value applications and software should be run on more capable converged performance-optimized infrastructure, even when they constitute a small proportion of the total workload. In contrast, cost-optimized infrastructure will save on short-term hardware costs, but will incur much higher overall costs long-term. The conclusion strongly recommends IT executives adopt a default of performance-optimized converged infrastructure for all mixed workloads when even a small proportion includes high-cost software and/or high-value applications.

- George Gilbert

Big data pros need to identify which data feedback loops in their machine learning applications can deliver sustainable differentiation through network effects. Starting early is critical because getting to scale is likely to create the "winner takes most" competitive dynamics that have become so common in tech industries. The biggest sin is to wait for the tooling to become automated enough for all competitors to jump in.

- Ralph Finos

The public cloud competitive environment remains turbulent, but sectors show signs of crystallizing a longer-term market structure.. SaaS remains turbulent with SaaS vendors successfully gaining share vs. incumbent licensed software providers who must migrate their core products to cloud-friendly offerings and/or acquire native SaaS applications to shore up their applications leadership positions. Public cloud IaaS segment leadership is crystallizing to a handful of viable providers as a function of scale requirements. PaaS is just formulating and finding its way, but is likely to gravitate towards a wide variety of development models suited for different application types and public cloud platforms.

- David Floyer

For enterprise executives trying to achieve aggressive RPO and RTO SLAs , Wikibon believes that batch backup appliances (PBBAs) will give way to real-time, continuous data protection systems that aggressively support very large memory application memory. Practitioners requiring close to RPO zero and aggressive RTO SLAs should plan for an integrated data protection approach that effectively eliminates the concept of storage-led backup and shifts thinking to a application-led virtual point-in-time recovery model. The database and file system vendors will be the predominant suppliers of this technology, and understanding their roadmaps and commitment to support application-led recovery strategies is crucial to both database and data protection technology selection.

- George Gilbert

Mainstream enterprises are beginning to deploy machine learning applications that add differentiation to traditional products and services. But the complexity of their big data infrastructure is becoming a problem. Big data pros need to deploy a digital business platform (DBP) to support modern applications and then extend the DBP to machine learning applications.

- Peter Burris

IT shops that want to achieve modern IT status will have to address the "IT iron triangle" constraining transformation.