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How poor DevOps culture led to a $465M trading loss for Knight Capital

How poor DevOps culture led to a $465M trading loss for Knight Capital

On August 1, 2012, Knight Capital Americas LLC experienced a significant error in the operation of its automated routing system for equity orders, known as SMARS. While processing 212 small retail orders that Knight had received from its customers, SMARS routed millions of orders into the market over a 45-minute period, and obtained over four million executions in 154 stocks for more than 397 million shares. By the time that Knight realized the error, and stopped sending the orders, the company had assumed a net long position in 80 stocks of approximately $3.5 billion and a net short position in 74... more »
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NetApp Making More Friends to Extend Channel Reach

Storage vendor NetApp is expanding in all directions with an aggressive partnering strategy that earned it two new alliances and a major channel victory in the past week alone. The most notable of these is the partnership with Verizon to make Data ONTAP available for the carrier’s cloud users. Data ONTAP is a storage operating system that represents the core pillar of NetApp’s plan to reposition itself at the center of the enterprise cloud ecosystem. Verizon customers will be able to leverage the platform to simplify data management across their off-premise ONTAP deployments and abstract physical storage into VSAs that simplify... more »
Minecraft 1.7 Patch Changes, Rearranges, Turns-Upside-Down the Virtual World

Minecraft 1.7 Patch Changes, Rearranges, Turns-Upside-Down the Virtual World

The next massive update to Minecraft is rolling off the assembly line as this blog post is typed and the 1.7.2 patch is a real doozy. Developer Mojang has announced its availability and it’s already rolling out to the launcher so that people have it ready to go. No doubt many servers will soon follow. Just run your launcher now, it is available for download and your game will update automatically. Amid the spectacular parts expected—such as new biomes, more trees, flowers, stained glass, etc.—there’s also a number of bug fixes that should make player’s lives easier. According to the developers over... more »
SmartWorld Weekly: Smart Highways, Cool New Devices + More

SmartWorld Weekly: Smart Highways, Cool New Devices + More

If you missed this week’s SmartWorld Series, here’s your chance to catch up on the exciting developments happening in the connected world.  Each week, we round up the best of apps and services for health and fitness, smart homes, smart cars and anything related to the Internet of Things. This week’s SmartWorld Series features an app gateway for home automation solutions, fashion-forward quantified self gadgets, the UK’s first smart highway, and smart gadgets from crowdfunding sites. . Ikanos’ App Gateway Boosts Home Automation . SmartHome Monday featured Ikano’s application gateway, which hosts a range of energy management applications from the Energy@home Association using a single... more »
Forget Testing, HealthCare.Gov is a Data Nightmare

Forget Testing, HealthCare.Gov is a Data Nightmare

Healthcare.gov is a technical abomination.  Sure, it may not have been reasonable to think that there wouldn't be some hitch at launch with a project like this, but this has gone way beyond a couple of hitches.  Slapping the word ‘glitch’ to the level of incompetence behind this project, wherever the ultimate blame may lie - that’s disingenuous.  As more news continues to emerge, it is obvious that the issues are much deeper than the site wasn't tested enough.  The site is built with a whopping 500 million lines of code in this monster– all hurriedly put together by an... more »
6 Stories You Can't Miss This Week : iPad Air, Nike FuelBand Rivals + More

6 Stories You Can't Miss This Week : iPad Air, Nike FuelBand Rivals + More

Here is a recap of the six must reads from SiliconANGLE this week. Lots to catch up on, so lets dive right in. Consumer tech is on a high this week, with Apple's launch of the iPad Air, and updates to the rest of the iPad line.  Wearable tech is also reaching a boiling point, with fitness trackers leading the charge. Rivals are doing their best to topple the FuelBand SE, Nike's recently released fitness band, with more function and new fashion. On the enterprise side, Hadoop took center stage this week as we prepare for #BigDataNYC, theCUBE's official event during Big... more »
Hadoop Ready for Primetime? 4 Things Hortonworks Needs to Succeed

Hadoop Ready for Primetime? 4 Things Hortonworks Needs to Succeed

With this week's release of HDP 2.0, Hortonworks is marrying Big Data and business analytics to make Hadoop more viable for the traditional enterprise. The latest version of the startup’s flagship distribution utilizes the YARN resource manager to let users store all of their data in one place for more convenient access and analysis. Hortonworks Data Platform 2.0 takes Hadoop beyond batch analytics with support for stream processing and adhoc query courtesy of the Stinger Initiative. Phase 2 of the community-based effort resulted in Hive 0.12, a revamped version of the SQL-like interface that processes queries 100 times faster than the... more »
Microsoft, Amazon + Samsung Surpass Analyst Expectations, Posting Record Breaking Quarter

Microsoft, Amazon + Samsung Surpass Analyst Expectations, Posting Record Breaking Quarter

Three of the biggest tech giants - Amazon, Microsoft and Samsung - posted their earnings report for the quarter that just ended today, and things are looking better than expected for all three companies Amazon:   Online retail giant Amazon posted its financial results for the 3rd quarter, revealing that its operating cash flow increased by 48 percent to $4.98 billion for the trailing twelve months, compared with $3.37 billion for the trailing twelve months ended September 30, 2012.  Net sales increased 24 percent to $17.09 billion in the third quarter, compared with $13.81 billion in third quarter of the previous year. The company... more »
Freedom With Open Source: How Nations Can Escape Their Dependence On US-Made Tech

Freedom With Open Source: How Nations Can Escape Their Dependence On US-Made Tech

Foreign nations have been left reeling by news that the NSA has been happily monitoring the private communications of at least 35 world leaders, on top of its all-encompassing PRISM program that was leaked earlier this year. Ed Snowden's leaks paint a miserable picture of the dystopian position we're in now, with the US government doing whatever it takes to dismantle our freedom and privacy online. Even worse, various sources suggest that US-based tech firms are willfully collaborating with US spy agencies to give them what they want, while said companies are simultaneously unable to inform users they're being spied upon... more »
Twitter To Sell 70M Shares At $17-$20 In IPO

Twitter To Sell 70M Shares At $17-$20 In IPO

Twitter has submitted its amended Form S1with the Securities and Exchange Commission, which revealed that the company will be offering 70 million shares in its initial public offering. The document stated that shares are priced at $17-$20, which will allow it to raise somewhere between $1.4 billion to $1.6 billion, and will bring the company’s value to $11 billion.  Previous rumors had put Twitter’s valuation at $15 billion. Some may think that Twitter has valued its stock too low, but the microblogging service is just being cautious.  They do not want a repeat of what happened to Facebook - whose stocks were... more »

Premium Research

- Stuart Miniman

The hyperconverged infrastructure (HCI) wave is at a tipping point of adoption. Users should focus on the operational changes that will accompany the adoption of new Server SAN architectures.

- Peter Burris

While most agree that data is valuable, accepted conventions for valuing data are few. A simple framework for valuing data in use can help digital businesses make better investment decisions.

- Peter Burris

Digital business is a strategic requirement, but must be pursued programmatically. One concept -- digital = data -- and three core capabilities must be adopted.

- Brian Gracely

Wikibon looks at how businesses are shifting their application focus towards customer-facing applications, and how this shift will impact data management and storage for CIOs.

- Brian Gracely

As the trend towards greater adoption and usage of open source expands, Wikibon looks at how open source software and public cloud are reshaping the business models of VCs, Startups, Enterprise IT vendors and Cloud Providers.

- Peter Burris

HPE visited theCUBE for a conversation about IoT edge processing. We excerpt that conversation, adding our insights into evolving IoT architectures.

- David Floyer

Next generation datacenters with all-flash for active data will require much higher performance system networks. These networks will need to be integrated into converged systems, and be completely separate from long-distance networks.

- George Gilbert

The software, hardware, and professional services markets for big data are still in formative stages, with packaged applications emerging only slowly. But the demand for solutions is sufficiently large and growing fast enough to support a number of large vendors with a variety of packaging and go-to-market approaches. Users should identify their big data starting point -- services, application platforms, or converged infrastructure -- and establish the strategic relationships they need to progress with big data investments.

- Brian Gracely

Wikibon looks at several examples of IT organizations that are actively engaged with open source software communities to help evolve how their business undergoes a digital transformation.

- Brian Gracely

Wikibon and theCUBE attended Red Hat Summit 2016 in San Francisco. Get analysis of the announcements, partnerships and community programs from Red Hat.