A petabyte isn’t cool. An exabyte isn’t cool. You know what’s cool? A zettabyte. Big data startup Preferred Networks wants to develop a technology that can do real-time analysis of the zettabytes of data coming from the Internet of Things. NTT, Japan’s largest telco, wants to see them do it and has pledged JPY 200 million (US$1.9M) in development support to see it happen.
Preferred Networks is the Internet of Things-focused spin-off of Preferred Infrastructure, also a big data startup but known for its natural language processing technology. This is Preferred Networks’s first time accepting outside funding. NTT makes a logical business partner because the telco’s development team has been working with Preferred Infrastructure since 2011 when they jointly developed one of Preferred Infrastructure’s flagship services, Jubatus. Jubatus is an open-source data analytics tool design to be an alternative to the popular big data processor Hadoop. ...continue reading ...
Tech In Asia 10/1/2014 [en]
- The startup also announced a joint R&D project with Toyota at the same day on self-driving cars. Its business model is not clear yet, but these big companies may see something special in the company's technology.