According to a recent Gartner report, the worldwide market for business intelligence and analytics software is estimated to have grown 8% last year to $14.37 billion while a recent IDC report expects the Big Data technology and services market to reach $32.4 billion in 2017. Gartner believes that the market would have grown faster but for challenging macro-economic conditions leading to flat IT budgets. Within the market, analytic applications and performance management solutions’ segment grew 5.8% to $2 billion and advanced analytics reported the fastest growth at 12.5% to $1.08 billion.
In today’s increasingly multi-cultural society, you often come across the need to find the correct pronunciation of a name, a place, or even an item on the menu. You could find the correct pronunciation of a place in a dictionary, but how do you find the correct pronunciation of a name? >>>
Sramana: When you founded Veeam and entered this market, there were all sorts of different players in different segments of the market. You were able to create a differentiated position for Veeam. What was the process of understanding and analyzing the market that allowed you to create your positioning?
Ratmir Timashev: Part of that insight is seen in how we refer to the market. The old market is data backup and recovery. We call the new market availability. What I saw was a trend of businesses being “always on”. Businesses created a new market where recovery and data loss needed to be dealt with in minutes. The old market was trying to address those problems, but it was obvious that it really needed a new market.
When we entered the market in 2007 and 2008, we started with our core customers who are VMWare administrators. We did not phrase our technology as availability at that time. We termed it backup and we did it only for virtual machines. We were specifically built for VMWare virtualization. >>>
VCs in Silicon Valley want financial levers that allow you to grow with a hockey-stick curve. Expensify doesn’t have that. In my opinion, however, they have built an excellent, profitable, steady growth subscription business that has an attractive viral characteristic. The business, at some point, may accelerate naturally, but as David notes, the levers are not financial. Very interesting case study.
Sramana Mitra: Let’s start with your personal background. Where were you born and raised? Tell us a little bit about your childhood.
Sramana Mitra: I get all these things that you’re saying. Let’s say there’s a rule school that can afford to manage the core and in the edges; they can’t afford that many languages or higher level mathematics and sciences. My question is how much does it cost them to include that in their curriculum? Given that they cannot afford teachers, can they afford to layer you guys into the mix? If they do, the existing teachers who are teaching the core, can they then supervise the learning of those accelerated courses?
Sari Factor: Some can and some can’t. It depends on the certification requirements in a given state. Back to your original question, what we’re finding is indeed some schools are interested in using us to augment their staff. If they do not have somebody who’s qualified to supervise a course, we can do it through distance learning.
This feature on WSJ by Tom Davenport puts an analytics spin on Doblin’s Ten Types of Innovation. It looks at how innovation can be driven, supported, or measured with analytics. For this week’s posts, click on the paragraph links. >>>
Sramana: How has the change in industry tolerance and culture affected your marketplace?
Ratmir Timashev: These changes in business requirements have made the legacy solutions by Symantec and IBM less effective. Access to data should be almost continuous. You can only tolerate a few minutes of downtime and data loss should also be minimal.
Everybody needs access to data at any time, from any device, and anywhere that person is at. That is why most companies over the past five years have started projects that change their data center. They are modernizing their data centers to meet these requirements by leveraging server virtualization, network virtualization, and storage virtualization. >>>
Atanas Kiryakov: The purpose of maintaining an online process is to be able to classify and enrich content with more metadata. A typical media website contains 10 or 20 categories like specific regions in the world, which means there would typically be 10 to 30 web pages that are pretty much maintained by them. Their editors make decisions on which articles, materials, and pictures get promoted and presented on each of these web pages.
What BBC did back in 2010 with the help of our technology was make a website where they have 800 different pages. They had one page for each team, each group of teams, each player, each coach, and stadium. Basically, all sorts of objects that had something to do with the World Cup were maintained automatically. There is >>>