Business Intelligence Lowdown: Security and data integration attract venture capitalists

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June 27, 2005

Security and data integration attract venture capitalists

IT company executives and venture capitalists are of the opinion that enterprise data mining, health care, and regulatory compliance are some of the areas that will attract investment in the near future. Companies looked to object programming technology in the nineties in order enable interoperability between their various applications. However, the technology did not work as desired since the objects that were created for one application were not easily transferable to another program. SOA or service-oriented application is expected to provide a thorough solution to the data integration problems of companies that currently have applications running on heterogeneous systems. It would be of immense help for companies if they can implement a sustainable data management system that will help them access the data, which is currently not of much use, being locked in various databases. The process may be an intensive labor oriented one and can accommodate several start-ups. Trigo is one such start-up that was created in 2000, it was acquired by IBM in 2004. Eweek reports:

Data integration and protecting the integrity of data will become increasingly important as new regulatory compliance legislation goes into effect, noted William Conroy, CEO of Initiate Systems, a data integration software maker based in Chicago.

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June 27, 2005 in Data Integration | Permalink