Big Data Is Worth $1 Billion To Agricultural Giant Monsanto Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today.
Monsanto Acquires Climate Corporation For $930 Million (Bloomberg Businessweek)
Monsanto, the giant agribusiness corporation, is going to lean on big data. The company has agreed to acquire Climate Corporation for about $930 million, but some outlets are reporting the deal to be as high as $1.1 billion. In short, Climate Corporation analyzes weather patterns and predicts future climate for farmers, and they even provide insurance for farmers against adverse weather conditions. Monsanto, meanwhile, is in the business of providing seeds and other farming products. With Climate Corp., it can begin to offer its clients an added agribusiness analytics product that will help optimize their farm's production. The big takeaway is that the big data revolution goes far beyond consumer data that will be leveraged for advertising purposes. It is much bigger in size and scope. As more and more things connect to the Internet and transmit data, opportunities will abound for firms with expertise in mining, analyzing, and optimizing. Read > In other news... It's not just Samsung. Many Android phone vendors, including HTC and Motorola, are being accused of manipulating or inflating performance benchmarks in their devices. (AnandTech) Apple users are complaining about a bug that prevents iMessages from being sent. It is likely tied to the recent iOS 7 update. GigaOm reports Apple will address the issue in a future software update. (GigaOm) Apple will reportedly delay the release of the new iPad Mini, an updated version with Retina display, due to an alarming supply issue. Tablet competitors like Google and Amazon have recently released new devices with incredibly sharp screens. (Reuters) Fitbit, the wearable tech company, will release an upgrade to their popular Flex wristband, the Fitbit Force. (The Verge) Cloud-based software and data management solutions provider, Pivotal, just made a mobile-first move by acquiring mobile products company Xtreme Labs. Pivotal hopes to enhance its mobile offerings for business clients. (All Things Digital) CNet has an in-depth look behind the production and timely release of the Samsung Galaxy Gear smartwatch. (CNet) Bitcoin fell 15% after the seizure of online black market Silk Road by the FBI. (TechCrunch) The FCC is fining five bottom-tiered wireless carriers for abusing a federal phone subscription subsidy. These carriers gave multiple users contracts with multiple subsidies, when the program called for one subsidized contract per customer. (The Hill) | 
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