Entrepreneurs are invited to the 271st FREE online 1M/1M roundtable mentoring session on Thursday, August 6, 2015, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
Adam Wray: Let’s talk about healthcare and NHS. NHS is a health services organization in UK. They cover all the profile information for all 80 million citizens. That original project was held within an Oracle database. As they were continuing to expand the amount of data that they would collect and as they were capturing more data that was unanticipated, they needed to make sure that they were making it available regardless of location. What you could have is literally a life and death situation. If a patient comes in, they need to be prescribed a certain thing based on an emergency scenario or just a daily prescription. >>>
Sramana Mitra: What else is interesting strategically in how you’ve navigated the story so far? How many customers do you have now?
Vincent Yang: I think we have four or five dozen customers. The growth rate is actually pretty fast.
Sramana Mitra: What’s the pricing model? What’s the business model?
Vincent Yang: The core of EverString is to provide the predictive model. For every client, if they have multiple products, there will be multiple models running at the same time. For every single model, there is a predictive platform fee. It depends on the scale of the business. For some clients, we charge $30,000 to $100,000. >>>
Sramana Mitra: What is the business model? Is it a commission-based business model? How do you charge?
Taso Du Val: We take a percent of every single contract.
Sramana Mitra: Are you still based in Budapest?
Taso Du Val: No, I’m mostly based in New York and Moscow at the moment. That’s where I’m spending the majority of my time. >>>
A recent MarketsandMarkets report projects the global cybersecurity market to grow 10% annually from $106.32 billion this year to $170.21 billion by the year 2020. The researcher reveals that while North America will be the largest market for the industry, the growth will actually be driven by the Latin American and Asia Pacific markets. Billion Dollar Unicorn club member Rapid7 is a recently listed player in this industry.
There is a lot going on in the educational technology market. In our effort to bring you continued insights in that market, we would like to bring to your attention three recent roundtable discussions:
Steven Rattner in this feature from New York Times looks at how the economy has affected life is for millennials. Even though they are the most educated generation, they face the prospect of earning less than their predecessors. For this week’s posts, click on the paragraph links. >>>
Real-time, distributed data availability for Big Data use cases is a key issue. Here, we speak with Adam Wray about the nuances.
Sramana Mitra: Let’s introduce our audience to yourself as well as Basho.
Adam Wray: I’ve been raised in companies like Akamai and Limelight Networks. I actually worked for Amazon for several years before starting my own company, but it’s always been in the cloud services space or trying to use some form of what used to be called ASP. I came to Basho via that path with the understanding of what distributed systems mean to your data being moved all over the world.
Sramana Mitra: What does Basho do? >>>