Big data analytics company Teradata made its third big-data-related acquisition in six weeks, announcing it has purchased Silicon Valley-based Think Big Analytics. Think Big focuses on Hadoop and consulting services for helping companies implement big data initiatives.
Mike Koehler, president and CEO of Teradata, said all of the acquisitions “are key to achieving our goal of being the leader in enabling customers to derive maximum value from all their data. Think Big’s consulting expertise enhances Teradata’s capability to advise customers on the best way to leverage diverse, open source big data technologies to grow their business.”
In addition to its expertise in big data implementations, Think Big also offers a set of analytics application components for customer and clickstream use, distributed device data management, and risk and trading analytics. The company is based in Mountain View, California.
Teradata said terms of the deal were “not material” to the company and therefore were not disclosed.
A recent report from Frost & Sullivan sees both big data and the “Internet of Things” as enabling technologies for smarter, more energy-efficient buildings. The convergence of IoT/communication between smart devices, cloud computing, big data and analytics is expected to drive smart-building development.
“Big data, especially, will emerge as a more valuable delivery model owing to affordable upfront costs and lower resource usage,” said Anirudh Bhaskaran, energy and environmental research analyst for Frost & Sullivan. Big data also will serve as a platform for integrating information from multiple systems.
“Local government focus on technology, policy, economy and infrastructure will lend further momentum to smart building initiatives and, gradually, lead to their evolution into smart cities in the next 10 to 15 years,” said Bhaskaran. “The BRIC countries — Brazil, Russia, India and China — are likely to invest strongly in smart buildings and smart cities due to expanding population, economic growth and rapid urbanization.”
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