The stage has been set for big data as a key healthcare and medical resource such that the combination of data sets and analytics tools is emerging as its own platform, according to the stalwart Silicon Valley venture capital firm Kleiner Perkins Caufield Byers.
KPCB published its annual Internet Trends Report this week, written by analyst Mary Meeker, who said the emerging data analytics platform is being built for both data analysts and non-technical business users.
Global data growth is rising fast, at more than 50 percent compound annual growth rate since 2010, while data infrastructure costs are falling at 20 percent CAGR in the same timeframe.
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And that is opening up technological opportunities for all manners of industry. KCBP analysts, in fact, said that big data has come about the First Wave of data constrained by monolithic systems, expensive storage and limited to targeted use cases, followed by a Second Wave where data essentially exploded, decentralized systems emerged and storage prices shrank; in the current Third Wave software for optimizing storage and performance is becoming pervasive.
“The next big wave,” KCBP’s report contends, will be “leveraging unlimited connectivity and storage to collect, aggregate, correlate and interpret all of this data to improve people’s lives and enable enterprises to operate more efficiently.”
Meeker pointed, for example, to customer data and relationship intelligence-as-a-platform as seen in SalesforceIQ, and the cloud data monitoring-as-a-platform company, Datadog, a tool for both system administrators and developers that integrates more than 100 sources to represent thousands of cloud instances.
KCBP’s report quoted analytics software company Looker CEO Frank Bien: “Data is moving from something you use outside the work stream to becoming a part of the business app itself. It’s how the new knowledge worker is actually performing their job.”
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