Cisco Systems has announced its intent to acquire Composite Software, which provides data virtualization to help IT departments interconnect data and systems; the purchase is scheduled to complete in early August. Cisco of course is known for its ability to interconnect just about anything with its networking technology; this acquisition will help it connect data better across networks. Over the last decade Composite had been refining the science of virtualizing data but had reached the peak of what it could do by itself, struggling to grow enough to meet the expectations of its investors, board of directors, employees, the market and visionary CEO Jim Green, who is well-known for his long commitment to improving data and technology architectures. According to press reports on the Internet, Cisco paid $180 million for Composite, which if true would be a good reward for people who have worked at Composite for some time and who were substantive shareholders.
Topics: Big Data, Business Analytics, Business Intelligence, Business Performance, Cisco, Cloud Computing, Composite Software, Data Management, Data Virtualization, Information Applications, Information Management, Information Optimization, Internet of Everything, IT Performance, Networking, Operational Performance, Strata+Hadoop, Data
The increasing volume of information within enterprises and on the Internet requires businesses to be smarter and more efficient in how they use it. One large challenge is navigating through information and access to the data underlying key business documents in a way that people actually think and operate. The traditional technology approach is defining a data model with a database and then mapping the data to it and is not capable of dealing with data from diverse unstructured information sources and do not provide navigation or discovery on the information. Fortunately, information technology has advanced to provide ways to build a semantic information framework over a company’s unstructured information assets in the enterprise and on the Internet.
Topics: Business Analytics, Business Collaboration, Business Intelligence, Business Mobility, Business Performance, Business Technology, Cambridge Semantics, Cloud Computing, Customer & Contact Center, Data Virtualization, Financial Performance, Governance, Risk & Compliance (GRC), Informatics, Information Applications, Information Discovery, Information Management, Information Technology, IT Performance, Location Intelligence, Operational Intelligence, Sales Performance, Social Media, Supply Chain Performance, Sustainability, Workforce Performance, CIO