Weekly Business Review: IBM, Super Bowl, Teradata, Mastercard, Investor Economics

Lots happened the past week in the social media, social business, big data and business intelligence world. Read below the most interesting happenings and developments that caught my particular attention. IBM was very busy with lots of great developments. The same counts for the financial sector with Mastercard and Investor Economics. What news did you find the most interesting?

Social media and social business

Social media popular in the Middle East, social media firms move to capitalize

Social networks such as Twitter, Facebook and LinkedIn have moved into the region commercially, setting up offices to sell advertising products to companies like Mobily, which has over 200,000 Twitter followers, to capitalize on the growing audience.

Mobily  is the Saudi Arabian telecommunications giant that did not turn to the street or television to engage with customers. Mobily paid to promote itself on Twitter.

Read more here.

Super Bowl record in terms of social media engagement

There were 47.67 million instances of social-media engagement during the game between the winning Baltimore Ravens and San Francisco 49ers, Trendrr reports. Last year, the Super Bowl scored 17.4 million interactions on social media vs. 3.1 million in 2011. Even other major events pale compared to Sunday night. The April 2011 royal wedding between William and Middleton racked up 5.6 million instances of social-media activity, while last year’s Grammy Awards generated 17.1 million.

Read more here.

Social business software house Jive earnings are up but stock went down

Jive which went public a year ago and posted better than expected fourth quarter and year-end earnings on Tuesday.  But the company’s net losses continued, due to long-term debts, acquisitions of two smaller companies, and investments in staff and engineering.  The company said losses are likely to continue into 2013.

For the fourth quarter of 2012, Jive reported net losses of $15.6 million, or 24 cents per share, compared to net losses of $12.7 million, or 39 cents per share, for the same period a year ago.

Read more here.

Big data

MasterCard invests in big data analytics firm Mu Sigma

MasterCard’s professional services arm has acquired a stake in big data analytics firm Mu Sigma. Mastercard aims at reaping the benefits of the growing big data services market. As part of the deal MasterCard will gain access to Mu Sigma’s 2,500 advanced analytics staff, with the credit card firm noting industry concerns over access to highly skilled big data staff.

Read more here.

IBM acquires StoredIQ, Texas-based maker of software for managing big data

Adding StoredIQ to IBM’s big data offerings gives organizations tools for more effective governance of the vast majority of information, including its timely disposal to eliminate unnecessary data that consumes infrastructure and elevates risk. The addition of StoredIQ builds on IBM’s prior acquisitions of PSS Systems and Vivisimo as well as organic solutions that improve information economics including value-based archiving, records and retention management, e-discovery management, and disposal and data governance, IBM said.

Read here more.

ERN’s Looop big data platform for banks and merchants

A new big data platform from a group of banking IT veterans is set to launch next week, promising to close the transactional loop that is currently broken every time a customer leaves a store with a paper receipt.

ERN’s Looop platform brings together card payment and merchant data in real time to enable banks and retailers to see the granular detail of every purchase. The company – which secured $2 million from private investors late last year – is now “working towards proof of concept trials of the system in the very near future”.

Read more here.

Business IntelligenceBusiness intelligence

Teradata is recognized as a top 10 Best in Class company in Demand Data Analytics and in Business Intelligence

The leading analytic data solutions company Teradata is recognized as a top 10 Best in Class company in Demand Data Analytics and in Business Intelligence by Consumer Goods Technology magazine.

The rankings as a top provider consider technical excellence and customer satisfaction and are based on customer experience as reported by consumer goods executives. The “Annual Consumer Goods Technology Readers’ Choice” awards were announced in late January.

Read more here.

Asset International, Inc acquires Investor Economics

Asset International, Inc., a global provider of business intelligence through its data research, marketing services and events for the world’s leading financial institutions, announced it has agreed to acquire Investor Economics. Headquartered in Toronto, Investor Economics is the premier source of business intelligence data and research for Canadian banks, asset managers, brokerages, wealth managers, and insurance companies.

Read more here.

IBM Acquires Business Intelligence Automation Specialist Star Analytics

IBM’s analytics slate grows with the acquisition of a business intelligence process automation and application integration software specialist Star Analytics. IBM has been on an analytics and business intelligence buying streak over the past few years. Star Analytics specializes in business intelligence process automation and application integration.

Star Integration Server pulls data from Oracle Essbase, Hyperion Planning and Hyperion Financial Management, enabling its use in business applications and data warehouses. Star Command Center provides business analytics automation services, including workflow orchestration, lifecycle management, audit and compliance controls, and process automation.

Read more here.

Cloud computing trends - Image courtesy of www.ruudveltenaar.nlCloud computing

The PCI Security Standards Council (PCI SSC) published cloud computing guidelines

PCI Participating Organizations selected cloud computing as a key area to address via the SIG process. More than 100 global organizations representing banks, merchants, security assessors and technology vendors collaborated on this guidance designed to help companies identify and address the security challenges for different cloud architectures and models, and understand their PCI DSS responsibilities when implementing these solutions.

Read more here.

Cobalt Data Centers opens hub for collocation, cloud computing

The new center sits at the site of failed Internet startup PurchasePro, a business-to-business purchasing facilitator that collapsed in bankruptcy and felony convictions for its CEO in 2002. The data center originally was built in 2000 for $5.9 million. The data center was designed for collocation, cloud computing, compliance and managed services. The center’s clients also can use work spaces at the facility such as conference centers, a war room or cubicles.

Read more here.