What Can Banks Learn from the U.S. Government’s Big Data Initiatives?
2. DARPA
The Defense Advanced Research Projects Agency (DARPA), perhaps best known as the agency developing a flying car, has embarked on the XDATA program, which will invest approximately $25 million annually for four years to develop computational techniques and software tools for analyzing large volumes of data, both semi-structured and unstructured.
The XDATA program will support open source software toolkits to enable flexible software development for users to process large volumes of data in timelines commensurate with mission workflows of targeted defense applications, according to the agency.
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio
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