Organizations are investing heavily in analytics to try to process the growing amount of machine-generated data that is coming off their connected devices. One of the vendors working to capitalize on the trend is IBM Corp., which last week announced that it will spend $200 million on expanding the Munich headquarters of its Watson IoT group as part of the push.

The company plans to spend the capital mainly on open new training labs where clients, partners and developers will be able to learn how its products can help them take better advantage of machine-generated data. IBM said that it will support a broad range of projects through the initiative, from exploring new use cases where connected devices might come handy to developing custom systems for specific industries. The effort represents one of the technology giant’s single biggest investments in Europe to date.

The day after IBM announced the expansion, a startup called Restless Bandit Inc. raised $10 million from GGV Capital and Toba Capital to help companies speed up recruiting. Its namesake service can uses machine learning algorithms to analyze old resumes in an HR department’s systems, find applicants from past years who might be a good fit for a new opening and filter the candidates based on their qualifications. The platform is designed to complement traditional hiring channels like LinkedIn that require HR professionals to manually find potential recruits.

The growing amounts of capital that VCs are investing into startups like Restless Bandit reflects the massive revenue opportunity in the analytics space, but not every team manages to carve out a niche for itself. RethinkDB Inc., for instance, had to close its doors last week due to lackluster interest in its document store. The database set itself apart by providing the ability to have new information automatically sent to an application without requiring repetitive queries but failed to attract enough paid customers. RethinkDB’s engineers will join payment processing provider Stripe Inc. in the wake of the shutdown and shift their attention to other projects.

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