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Posts tagged ‘Initial public offering’

26
Mar

IoT, Machine Data and Cloud Analytics: Splunk


Machine data (Internet of Things) or “data exhaust” analysis is one of the fastest growing segments of “big data”–generated by websites, applications, servers, networks, mobile devices and other sources. The goal is to aggregate, parse and visualize this  data – log files, scripts, messages, alerts, changes,  IT configurations, tickets, user profiles etc – to spot trends and act.

Machine data comes in many forms. Take for instance, what the Bosch Group is doing in Germany and Schnieder Electric in France.

The Bosch Group has embarked on a series of initiatives across business units that make use of data and analytics to provide so-called intelligent customer offerings. These include intelligent fleet management, intelligent vehicle-charging infrastructures, intelligent energy management, intelligent security video analysis, and many more. To identify and develop these innovative services, Bosch created a Software Innovations group that focuses heavily on big data, analytics, and the “Internet of Things.”

Similarly, the Schneider Electric focuses primarily on energy management, including energy optimization, smart-grid management, and building automation. Its Advanced Distribution Management System, for example, handles energy distribution in utility companies. ADMS monitors and controls network devices, manages service outages, and dispatches crews. It gives utilities the ability to integrate millions of data points on network performance and lets engineers use analytics to monitor the network.

IndustrialInternet

By monitoring and analyzing data from customer clickstreams, transactions, log files to network activity and call records–and more, there is new breed of startups that are racing to convert “invisible” machine data into useful performance insights.  The label for this type of analytics – operational or application performance intelligence.

In this posting we cover a low profile big data company, Splunk. Splunk has >3500 customers already.  Splunk’s potential comes from its presence in the growing cloud-analytics space. With companies gathering incredible amounts of data, they need help making sense of it and using it to optimize their business efficiency, and Splunk’s services give users the opportunity to get more from the information they gather.

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