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Michael Saylor’s MicroStrategy is raising $400 million of debt to acquire more bitcoin

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Michael Saylor at Bitcoin 2021 Miami Joe Raedle/Getty Images MicroStrategy is offering $400 million of senior secured notes to institutional investors. The company says it will use the proceeds to buy more bitcoin. MicroStrategy currently holds 92,079 bitcoins bought for a total of $2.251 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Michael Saylor's business intelligence firm, MicroStrategy, announced on Monday that it will offer $400 million of senior secured notes to qualified institutional buyers.The notes will be due in 2028 and MicroStrategy plans to use proceeds from the transaction to buy more bitcoin, according to a press release.The announcement comes after MicroStrategy disclosed it will be forced to take an impairment charge of nearly $285 million in the second quarter due to fluctuations in bitcoin's price.Microstrategy currently holds some 92,079 bitcoins bought for a total of $2.251 billion at an average price of about $24,450 per bitcoin.

Is Google BigQuery The Future Of Big Data Analytics?

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Running a business can be tricky if you fail to implement the correct business management tools. If your company deals with hundreds or thousands of customers, optimal productivity, budgeting and customer satisfaction should be at the top of your priority list. Achieving your company’s target goals can, however, be difficult if you’re unable to access all the relevant and useful data your business has.  While you may think that you understand the desires of your customers and the growth rate of your company, data-driven decision making is considered a more effective way to reach your goals.

It’s time for security teams to embrace security data lakes

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Dan Schoenbaum Contributor Share on Twitter Dan Schoenbaum is a two-time CEO and a two-time COO in cybersecurity. Today, he is a managing partner at High Tide Advisors, a boutique consulting firm helping companies achieve greater success through go-to-market strategies and execution. The average corporate security organization spends $18 million annually but is largely ineffective at preventing breaches, IP theft and data loss.

When Big Data Meets Big Law – the Role of Data in Legal Services

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Many industries are starting to realize the true benefits they can get from analyzing and visualizing the many amounts of data is designed today. More and more conventional industries are starting to look into this direction: big data. One of these industries is the legal industry, with all legal companies and law firms included.  There are some questions that legal advisors have: are there any real benefits of big data for law companies?

4 Great Programs Businesses Can Use to Get Accurate Data Results

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In 2016 experts projected that the “big data” industry would be worth somewhere around $30 billion by 2022. Based on last year’s data, that number has grown to $275 billion, and some experts expect it to be even higher after increases in computer usage and ecommerce due to the COVID pandemic forcing many companies to go remote and many consumers to do their shopping online, where data is collected for every purchase from pizza to a streaming movie.

Lack of clarity on RISE: Transformation, implementation and data management all roles for partners. ‘So, what’s SAP doing?’

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As Sapphire Now kicks off, users, SIs and analysts see unanswered questions Five months after SAP launched its RISE plan, a half-loaf cloud lift-'n-shift + business transformation service, the German software company is still struggling with unanswered questions.…

With buyout, Cloudera hunts for relevance in a changing market

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When Cloudera announced its sale to a pair of private equity firms yesterday for $5.3 billion, along with a couple of acquisitions of its own, the company detailed a new path that could help it drive back towards relevance in the big data market. When the company launched in 2008, Hadoop was in its early days. The open source project developed at Yahoo three years earlier was built to deal with the large amounts of data that the Internet pioneer generated.

Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months

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The COVID-19 pandemic disrupted a lot in the world, and supply chains are no exception.  A number of applications that aim to solve workflow challenges across the supply chain exist. But getting real-time access to information from transportation providers has remained somewhat elusive for shippers and logistics companies alike.  Enter Project44. The 7-year-old Chicago-based company has built an API-based platform that it  says acts as “the connective tissue” between transportation providers, third-party logistics companies, shippers and the systems.

Leaving Spark behind, Databricks enters new territory as it eyes 2021 IPO

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Will its vision for unified analytics fly? Databricks, the commercial company founded around the popular Apache Spark data lake, is making a strike for new class workloads and enterprise data management jobs in its make-or-break IPO year.…

Google drinks from Oracle’s pond: SQL system log slurp part of grand data-sharing vision

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There are 'advantages', but you must submit to 'the Google way of doing things,' warns analyst Google is promising to capture data logs from Oracle and other on-prem SQL data systems for monitoring, data integration and ML pipelines.…
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