Hadoop summit: Data is a key strategic asset for every business

The use of data as a competitive asset has rapidly become an important basis for distinguishing between the success and failure of enterprises within the same vertical industry. To be sure, we will soon see that the infrastructure stack for all enterprises in all industries is a key factor in determining the competitive outcome, tresatahttp://www.aliyun.com/zixun/aggregation/5707.html "> Richard Morris, the company's founder and CDO, explained.

The Tresata company helps its clients to achieve this transition through the development of data targets for specific needs. "The existence of data metrics is basically enough to realize the potential value of data uniquely in a particular application," he said. And that's the point. If you are engaged in a credit card loan business, then the data contacted and the choice of processing methods are completely different from the medical profession. It is impossible to be foolish enough to think that just creating an application is sufficient to solve all the problems-from genome research to car loans. ”

In the process of exploring the vertical business that needs to be focused on in the future, tresata companies have decided to hit markets that are likely to be overlooked. This choice means that they will compete directly with the Champions/Challenger relationship with the existing vendors in the corresponding market.

Some companies may have begun to transition from a few years of accepted business practices to a business model that fits their own characteristics, in the hope of building a new large data paradigm with Hadoop and Tresata's software suite, and eventually, in the coming years, gradually helping to perk up the already-exposed operating earnings.

"What we are going to discuss is not the retention of existing programmes and the targeted changes," Morris explains. "This is a radical reversal and change. Long-standing businesses are no longer as profitable as they were at their peak, and that's what drives them to change. ”

Morris recommended the best practice for these veteran companies who want to successfully complete the transition is to keep the technical team small and flexible. Companies should allow, at least temporarily, a bottom-up approach to decision-making, which requires a technical team that can react quickly and with a high degree of agility.

According to Jeff Kelly of Wikibon, the current survey shows that 56% of respondents intend to introduce cloud solutions into their big data programmes. Morris pointed out that the Tresata company in both internal and cloud strategy with customers to maintain a close relationship. But he also stressed that all of the cloud strategies his clients are currently taking are strictly confined to the private cloud. "One of our clients is a large international financial institution that chooses to build private cloud systems within the firewall," he explains. "This is actually a service. Large enterprises will not open the door to their own business data to the public cloud care. I don't think these business users are even interested in discussing such a program at all. ”

Although Tresata's technical team believes they have a unique advantage and a relatively monopolistic position in the Hadoop application market, Morris admits that such confidence is not enough to dispel all concerns. "Tresata CEO Abhimehtal and I used to ask each other, ' Do we have any questions we haven't considered? ' ' This is because there is hardly any real Hadoop application competitor on the market, ' he explains. Morris believes that the Hadoop application supplier market will achieve a certain degree of scale expansion over the next 18 months. "I hope our judgment is correct," he joked. "As the only one by one start-ups in the market, we always reflect on whether we have made the right decision." ”

At present, the market has shown a wide range of mature trend. "I think we're in a very exciting moment," Morris pointed out. "There are already a number of businesses that have made quite deep progress in their business. They already have the results and are starting to adjust their business processes. He also said other companies are just beginning to enter the field. He objected to the idea of adopting such a scheme for purely cost-saving considerations, which, in his view, would be the key to driving this change. Of course, cost savings are also important, but he thinks this is only an additional bonus.

In the next few years, the development of Hadoop will show an exciting positive trend. "The number of use cases is endless," Morris says. "The most creative enterprises will be able to build a set of data assets, and as a core business processes." He concluded, "it is believed that there will be a large number of start-ups that have not yet been established to use data as a basis for achieving competitive advantage over the next five years." ”