1010data may not be a household name in the IT world, but that's not stopping it from starting up a new industry community in which enterprises can share information to analyze, share and monetize big data.
The cloud platform provider on Sept. 18 announced the formation of the 1010data Analytical Dataspace, which it claims to be the first cloud-based community in which organizations can share, analyze and thus monetize big data workloads.
The Analytical Dataspace is a forum where organizations, regardless of size or vertical market, can analyze large datasets in near-real time, combine their own data with other organizations' data to gain new analytical insights and start new revenue streams from selling their data.
1010data, a New York City-based company, is in this because it has developed a hosted, on-demand big data analytics platform that it claims can process big data and deliver results quickly and inexpensively.
The Analytical Dataspace comprises three main offerings, according to CEO Sandy Steier:
"The Analytical Dataspace gives enterprises a single destination for their big data analytics needs, allowing them to easily capitalize on the massive data they or others are creating," Steier said.
"We believe that by creating a community for data providers and users, analysts and business decision makers, they can have the world's data at their fingertips and leverage it to identify business opportunities that have never been possible before."
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