FICO (NYSE:FICO) has acquired Big Data analytics technology from Karmasphere, Inc. The acquisition includes Karmasphere’s Big Data analytics software for query construction and collaboration using Hadoop data stores, together with related intellectual property. As part of the FICO Analytic Cloud, this technology will power insights from Hadoop Big Data for analysts, data scientists and business users.
“Our goal is to simplify the complexity of Hadoop and put the power of Big Data analytics into the hands of all of the people who can really use it,” said Doug Clare, vice president of product management at FICO. “By embedding a sophisticated, yet easy-to-use interface for Hadoop data access into the FICO Analytic Cloud, we’re accelerating the democratization and wide-scale adoption of Big Data analytics by organizations of all sizes and across all industries.”
The FICO Analytic Cloud, a one-stop shop for all things analytics, was unveiled last fall and is being rolled out over the course of 2014. In addition to the FICO® Decision Management Platform and FICO’s industry-leading analytic applications, it includes all the building blocks needed to build, deploy, and manage predictive analytics for growth, profitability and competitive advantage.
Source: FICO Press Release