Enterprise Applications: Data Analytics: Top 10 Drivers Behind the Growth
There are more than 1.8 billion people on the Internet with 4.6 billion mobile phones. By 2020, there will be 50 billion connected devices, all producing data. Last year, 1,200 exabytes of data were created, and its doubling every 14 months. Every company will have a big data strategy and deploy??Ãsome form of analytics.
Hummer Winblad Venture Partners is bullish on analytics. Hummer Winblad started in 1989 as the first firm to focus exclusively on software investing. The company has made 125 early-stage software investments and has had 55 exits to date, many with outcomes eventually over $1 billion in value. Software was a small investment area in 1989, but today, it receives about 35 percent of all venture capital dollars and more than 40 percent of the investments. Hummer Winblad rides waves and invests in disruptions. Its first fund leveraged the start of the client-server wave. Today, in its sixth fund, the firm's investments cover three intersecting circlessocial, mobile and cloud. The intersection of all of these growing market opportunities has been the value of the data and its assessment through analytics. If software is the core DNA of most technology advances today, analytics is the core DNA of software companies. Hummer Winblad's two largest successes to date have been in analyticsArbor Software and Omniture. Today, Hummer Winblad sits on the boards of eight private analytics companies and continues to see new innovative analytics startups every week. In this slide show, eWEEK takes a look at the top 10 drivers Mark Gorenberg, managing director of Hummer Winblad, said are behind the growth in demand for analytics software.