EMC's Chad Sakac said that while there is a universal understanding that big data has its benefits, Australian companies are still working on how to take full advantage of it.
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Part one of IP Australia's business intelligence and analytics capability will see the agency engage with a consultant to deliver an initial roadmap for the project.
The Actian chief technology officer believes that the wave of big data and analytics will become so overwhelming that Hadoop will become the dominate platform in the market that business will rely on to store their data.
Similar research conducted by Accenture and Forrester Research have found that Australian companies are lagging in using big data as part of their business operations.
Over recent years, Symantec has had to implement a new analytics platform in order to enhance its security operations team's ability to prevent, detect, and respond to online attacks.
The Australian Taxation Office believes there is potential in growing the datasets that are held by the Australian Business Register.
The newly launched Data to Decisions Cooperative Research Centre will assist Australia's Defence and National Security agencies to sift through their data to help them make more critical, faster, and accurate decisions.
After three years of developing the technology, Neura plans to use the capital it has raised to make its artificial intelligence ecosystem commercially available.
Qantas has recognised that customer data will play a vital role in aiding future operations and decisions for the airline.
SAP is entering the data business with the launch of SAP Digital Consumer Insight that will rely on insight collected from the company's Sybase 365 arm.