The a significant number of organizations could probably make quite a bit of hay from using Splunk, a distributed software for distilling and analyzing machine data that can be applied to data in file systems, in databases, or in Hadoop clusters.

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DeCode's Stefansson says he hopes the deal will help the company market its services to other drug and biotech companies in the future, by establishing DeCode's software as the standard method for analyzing gene data.

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The promise of software is continuous improvement through analyzing the terabytes of data that will be generated by hundreds or thousands of lighting endpoints across an enterprise.

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