Internet radio company Pandora Media late Thursday met Q3 earnings estimates but gave a weak outlook. Meanwhile, key rival Spotify raised $250 million in a new funding round. Pandora (P) earned 6 cents a share in Q3, excluding various items, up 20% vs. a year earlier. Revenue grew 50% to $180.4 million, topping consensus views of $174.8 million. It expects EPS of 2-4 cents in the November-January period. Wall Street had modeled 4
What is Big Data? The answer’s not so easy. Going back a couple of decades, the definition seemed to be to quantify what was meant by “big.” People have used terms like “Big Data,” “Very Large Data” or “Massive Data” with specific data volume measurements (gigabytes, terabytes) to quantify a definition of what constitutes a vast amount of electronic data. John Mashey, a former chief scientist for high-end computer maker Silicon Graphics (SGI),
Some of tech’s biggest giants might ultimately claim the largest share of the emerging multibillion-dollar Big Data market, though they are playing catch-up. Oracle (ORCL), SAP (SAP) and Hewlett-Packard (HPQ) are scrambling to tackle Big Data and compete with nimble newcomers such as Splunk (SPLK) and Tableau Software (DATA). Big Data in general describes the large volume of data companies are accumulating from multiple sources in the digital age,