Venkat Vishwanathan, Founder and Chairman of LatentView Analytics, discusses the trends of the industry, in particular, the Do It For Me trend we’re seeing in the space.
Sramana Mitra: What’s the next major strategic move in the company’s evolution?
Roger Hale: I’m not sure there was an inflection point around that time. We were continuing to develop the product. We had customers. They were quite demanding customers. They wanted new features in the product. There was a lot of work just to support that. The next major revenue point was around about 2007 when we sold our first deal in excess of a million dollars. That was quite a significant point.
Sramana Mitra: All these other deals until 2007 almost served as pilots. Then you got to these larger deals starting 2007. >>>
Today’s 363rd FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, August 10, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Today’s 363rd FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, August 10, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
An IDC report published earlier this year, the Worldwide Semiannual Big Data and Analytics Spending Guide, forecasts global revenues for Big Data and business analytics to grow 12% this year to $150.8 billion. The 12% growth rate is expected to continue through to 2020, when the industry would have grown to more than $210 billion. The growth will be driven by investments made in the banking, discrete manufacturing, process manufacturing, federal/central government, and professional services sectors. All combined, these five sectors are estimated to spend $72.4 billion on the analytics solutions this year and will grow to $101.5 billion by 2020.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as Bellacor. What do you do? What kind of customers do you serve?
Brenda Boehler: I’m the CEO of Bellacor and Bellacor Pro. We are the experts in an online space that has a passionate following in the lighting and home furnishing space. We are a pure play. We are a self-funded, organically-grown e-commerce company. We live in the lightning and home furnishings world. We’re an online retailer.
What I really wanted to share with you today is the trends that are going on in retailing in general and also within our home >>>
Sramana Mitra: How long did it take you to build a product that you could service the pharmaceutical industry with?
Roger Hale: The business was formed in 2001, but we started in 2002. We immediately started working on the product. We had some prototypes available within the year. We , in fact, sold our first prototype in 2003 to Astra Zeneca.
Sramana Mitra: What size contract was that?
Roger Hale: It was a five-figure contract. >>>
According to a Boston Consulting Report published earlier this year, B2B spending on the Internet of Things (IoT) technologies, applications, and solutions is estimated to grow to $267 billion by the year 2020. Nearly half of this spend is expected to be driven by the manufacturing, transportation and logistics, and utilities sector. This high value market is now a prime focus area for ERP giant SAP (NYSE: SAP) that already has a sizable presence in those sectors.