What Can Banks Learn from the U.S. Government’s Big Data Initiatives?

Several federal agencies are currently involved in big data research and design projects.
February 15, 2013


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.

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