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The Big Data and Cloud Computing Trends Depend on Open Source

Reuven Cohen has an interesting post up on Forbes' site, which asks, "Free Versus Open: Does Open Source Software Matter in the Cloud Era?" He writes: "I like open source as much as the next guy but, from a value proposition standpoint, just being 'open source' doesn’t sound all that compelling to me.  This has become especially true in the emerging cloud computing landscape where APIs and Big Data have become some of the most valuable currencies." In fact, though, as the transition to the cloud and Big Data continue, open source software is playing an absolutely critical role. Cohen notes that Big Data has become one of the "most valuable currencies," but isn't the open source Hadoop platform--used to sift insights from extremely large data sets--one of the flagship pieces of software driving the Big Data trend? Hadoop has given rise to promising startup companies such as Hortonworks, focused on training and services surrounding it. ...

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Cloudability Raises $8.7 Million From Foundry Group For Service To Track Cloud Spending

Portland-based Cloudability has raised $8.7 million from the Foundry Group in a Series A round for its service that tracks cloud costs and gives better visbility into spending for online services that often go unmonitored. Other participants in the round include 500 Startups, Trinity Ventures and Wieden + Kennedy, one of the world’s leading independent advertising agencies. Cloudability offers a free service, pro accounts and an enterprise level program for managing multiple cloud accounts. It’s the enterprise grade service that is growing fastest. 

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OpenNebula 3.6 Integrates Virtual Appliance Marketplace

The OpenNebula project has released the latest version of their open source cloud computing toolkit. The new version includes a virtual appliance marketplace and several performance and management improvements...

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Gartner: Enterprise IT Spend Will Pass $3.6 Trillion In 2012, Cloud Investments Rise To $109B

Gartner has updated its forecasts on IT spend worldwide: spend in areas like hardware, software, and IT services are going to drive total investment of $3.6 trillion into IT overall. Gartner calls that number “lackluster,” in that it’s only slightly higher than Gartner projected last month, and only three percent more than 2011′s $3.5 trillion figure. However, what’s noticeable is that we are continuing to see a strong appetite for cloud computing. It will reach $109 billion in 2012 and will almost double in value by 2016 to $209 billion. The survey canvases activity from over 75 percent of Gartner’s Global 500 list of top companies, and the analysts say that factors that are hemming in growth include the eurozone crisis, a slowdown in China and a weaker-than-expected recovery in the U.S. — all ongoing issues for the world economy. ”There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending,” notes Richard Gordon, research vice president at Gartner, in the report. Gartner’s forecasts do not include...

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5 Things You Need to Know About Where Google Is Going Next

On the last day of the Google I/O developers conference, we sat down with engineering director Peter Magnusson to digest the introduction of Compute Engine, which adds Google-scale processing power to the company's list of cloud offerings designed to take on Amazon Web Services. Here are the announcement's five key implications.

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