Saffron, TigerSwan Form Data Forecasting Tech Partnership; James Reese Comments

Data analytics company Saffron Technology and security company TigerSwan are partnering to provide private companies risk analysis and forecasting, Reuters reports.

James Reese, founder of TigerSwan and a former Army Delta Force officer, told Reuters Saffron Technology aims to provide predictive analysis for thinking faster than adversaries.

Nicola Leske writes Reese uses his experience in special operations to provide data analytics for companies looking at mergers and acquisitions in emerging markets.

According to Leske, the market is growing for technology that forecasts and identifies database behavior and data from social networks, mobile devices, meters and sensors.

IDC estimates the business analytics software market will be worth $50.7 billion by 2016, Leske writes.

Saffron Technology is founded and owned by former IBM employees Jim Fleming and Manuel Aparicio.

Fleming is a computer scientist and Aparicio holds a Ph.D. experimental psychology with a focus on biologically based neuro-computing.

Leske writes Saffron’s technology was first used in Iraq to predict where bombs would fall.

The company now markets its products to large firms such as Boeing, which uses the technology to predict when aircraft parts should be replaced.

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