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The information lifecycle for the Internet of Things

Gigaom

In the IoT, the ability for newer, smarter devices to communicate with each other, with back-end datacenters and with related systems requires data to be processed into information in different ways and in more than one location and direction.

RH0056_Lifecycle_IoT_DiagramThe IoT pushes data processing to the edge
As the figure illustrates, tactical data processing can occur at the controller tier with data analyzed near field to allow immediate action to be taken. This field level information analysis prompts action based on pre-defined business rules. Once those actions occur, summary information is relayed to the back-office for deep analysis. Knowledge gained from that analysis determines how best to optimize the system and can result in new rules being set to improve process flow.

The IoT pushes decision making to the edge
The constant feedback loop between tactical field operation and strategic information analysis allows decisions to be made as close as…

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Hellman & Friedman raises $10 billion

Fortune

Private equity giant Hellman & Friedman has raised nearly $10 billion toward its next flagship fund, according to a regulatory filing.

It is unclear if this represents a final close for the fund, which already is larger than any other Hellman & Friedman has raised in its 30-year history. Bloomberg had reported earlier this year that the San Francisco-based firm was seeking to raise a total of $10.25 billion, compared to the $8.4 billion pool it collected just before the financial crisis in 2007.

Hellman & Friedman’s most recent deal was an acquisition of California-based supermarket chain Grocery Outlet Inc., which reportedly was valued north of $1.1 billion. Other current portfolio companies include Catalina Marketing, HUB International, Kronos, Scout24 and Sheridan Healthcare.

The firm declined comment.

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eBay CEO: Why we’re spinning off PayPal

Fortune

Seven months after making the case against spinning off PayPal to Fortune, eBay CEO John Donahoe is singing a different tune.

On Tuesday, eBay announced plans to spin-off online payments service PayPal into a separate, publicly traded company. Doing so, according to eBay, will help both businesses take advantage of new opportunities to grow in challenging markets.

The move comes months after activist investor Carl Icahn waged a public campaign for a PayPal spin-off. Icahn, who owns 30.8 million shares of eBay and is expected to make $180 million from today’s news, argued PayPal would grow faster and therefore be more valuable if cleaved from its parent company. (In March, Donahoe made the case that eBay and PayPal were stronger businesses together.)

But in an interview with Fortune on Tuesday, Donahoe, said the proxy fight earlier this year did not sway eBay’s board. Rather, the about-face came after…

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