|Weekly News Digest
September 26, 2013 — In addition to this week's NewsBreak(s), the editors have compiled the Weekly News Digest, featuring stories from the week just past that you should know about. Watch for additional coverage to appear in the next print issue of Information Today.
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Thomson Reuters and 4DD Tackle Big Data
Thomson Reuters and 4DD Software agreed to a yearlong partnership that allows their customers to manage Big Data. Now, customers have a way of dealing with large volumes of information and can control multiple ecosystems of data.
Government agencies, banks, academic institutions, large law firms, and other Thomson Reuters customers can form patterns using key data and see the complete picture of their research, as well as get real-time information to help them in decision making. 4DD also helps customers compare data sets and translates digital records across companies during acquisitions.
“Our customers have more than enough data at their disposal,” noted James Powell, Thomson Reuters CTO in a statement. “The issue is that relevant sets of data couldn’t be combined or compared. With 4DD, we can ask each data set in its own language what we want from it, and we can move results down a pipeline, culling out the unnecessary and irrelevant. The flexible federated technology at the heart of 4DD solves a critical business problem for our customers and for us.”
Using 4DD tools, Thomson Reuters creates apps that can infuse data with business logic and can integrate data with new information from outside sources or Thomson Reuters products. 4DD compares, analyzes, and sorts the data and translates it into multiple languages.
The partnership benefits both companies: Thomson Reuters pays for new product development on 4DD’s technology platform and offers help with technology processes while reducing loads on 4DD’s servers; 4DD’s technology platform helps Thomson Reuters manage its large, disparate data and provides interactivity for the company’s proprietary data sets.
Source: Thomson Reuters
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