A new move, the Great Hack, tells how big data managed to become the king of Silicon Valley.

Silicon Valley has a reputation for being a sexy place to work, even though the day-to-day products of the tech industry are not, by any conventional standards, sexy.

The tides have turned on Hadoop, reports Information Age. It is now seen as an obsolete tool and the ‘next big thing’ is event stream processing. 

Big data is probably one of the most misused words of the last decade. It was widely promoted, discussed and spread by business managers, technical experts, and experienced academics

In an important step toward establishing a single interoperable industry standard for financial data sharing, the Open Financial Exchange (OFX) will join the Financial Data Exchange (FDX) effective immediately. With this milestone, the industry continues to align around the FDX standards, which spell out how consumer-permissioned financial data is securely shared, and clarifies the security and authentication protocol requirements for financial institutions and fintechs.