Nick Halstead, Founder Of Big Data Analytics Firm DataSift, Steps Down As CEO

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One other huge change for DataSift — the UK startup that applies analytics to social network knowledge firehoses to floor tendencies, which had a notable break up with Twitter earlier this yr. Nick Halstead, who based the corporate in 2010, is stepping down as CEO. Halstead will probably be changed by Tim Barker, DataSift’s chief product officer.

In a weblog submit saying the transfer, Halstead writes that he made the choice “after a lot deliberation” that ended with a choice to return to constructing early-stage tech corporations.

Particularly, he says he’s now working on a startup referred to as Cognitive Logic. As you possibly can see in case you go to that hyperlink, the startup continues to be in stealth mode. There isn’t a info in Halstead’s weblog publish or the location about what Cognitive Logic does. (We’ve contacted Halstead to see if he’ll inform us extra.)

However as Halstead notes with some British understatement, “It has been fairly a yr” for DataSift, and so for some it might be unsurprising to see him step down.

DataSift initially constructed its popularity round being one of many solely corporations to have entry to Twitter’s firehose — the complete stream of Tweets and different metadata which are generated on the social network — and it really works with a lot of third events to parse that knowledge, or immediately with giant enterprises who take the info and chop and cube it immediately. However then it discovered itself within the firing line of Twitter’s choice to take extra of its huge knowledge enterprise into its personal palms in April of this yr. Nick Halstead was very a lot on the front of the ranks, penning a public assertion and talking out towards Twitter’s strikes.

On the similar time, Halstead and DataSift have been taking issues into their personal palms, too. Maybe suspecting that Twitter would ultimately look to construct a extra direct enterprise on its personal knowledge, DataSift diversified into working with extra social networks like Tumblr, and maybe most notably Fb.

(And certainly, taking extra management of its firehose is strictly what Twitter did after shopping for Gnip in 2014. In April, it introduced it will not renew its firehose cope with DataSift. After which, simply this week, Twitter unveiled various new initiatives involving the Gnip staff, with Gnip Insights APIs and a new buyer care product.)

Paradoxically, provided that Twitter is now making an attempt to play good, or a minimum of nicer, with builders as soon as once more, it is going to be fascinating to see if there’s any restore to be made within the DataSift rift. No matter it’s, Halstead gained’t be the one who has to dealer it, though he’ll keep on for recommendation as chairman emeritus.

DataSift has raised slightly below $ 78 million from buyers that embrace Perception Enterprise Companions, Scale Enterprise Companions, and lots of extra.

Featured Picture: Loic LeMeur/Flickr UNDER A CC BY 2.0 LICENSE

Source : TechCrunch