According to Venture Beat, Dataminr has received additional funding to increase its platform.

Dataminr, a New York-based company specializing in AI that provides real-time information to customers, today announced it has raised $475 million at a post-money valuation of $4.1 billion. 

According to Fin Tech Times, Russia’s two largest companies want to corner the market on Big Data. 

The joint venture between two of Russia’s largest companies has set high ambitions with the aim of creating a Russian market leader in Big Data.

Big Data is a phrase coined to describe data that is literally huge in size, yet growing exponentially over time. Due to its large file size and general complexity, no traditional management tools can process or handle it efficiently.

There is bias in big data, but it can be eliminated, reports Tech Target. 

Bias can occur along different parts of the data pipeline. There is a lot of focus on potential bias that occurs during analytics, but bias in big data can be inserted or interpreted even earlier in the data pipeline.