Data is not only growing in volume, it’s increasingly scattered across on-premises and cloud-based systems, complicating data management and governance tasks. Here are 10 companies with next-generation data management, data science and machine learning technology that solution providers should keep an eye on in 2020.
Hot Big Data Companies-The Ones To Watch In 2020
Anyone working with big data today faces a number of tasks. Just finding and managing data that’s dispersed across hybrid-cloud and multi-cloud systems is a challenge. There’s also the need to prepare data and develop the models needed for analyzing data and deriving value from all that information.
The global big data and analytics software market reached $60.7 billion in 2018 and is expected to grow at a CAGR or 12.5 percent over the next five years, according to market researcher IDC.
Here’s a look at 10 companies in the big data space that solution providers should keep an eye on. Some are startups while others are more established. Some have developed ground-breaking technologies for managing and processing huge volumes of data within increasingly complex IT environments. Others are focused on automating time-consuming data science and machine learning tasks, bringing businesses and organizations closer to the goal of self-service analytics for everyday business users.
CEO: Steven Mih
Running business analysis or other big data workloads becomes more complex within hybrid-cloud and multi-cloud environments. Alluxio has developed a data orchestration platform for managing data for analytics and machine learning tasks when compute and data storage functions are in different locations.
Alluxio’s virtual distributed storage system is based on a memory-centric, fault-tolerant architecture that enables the separation of storage and compute functions, bringing data closer to distributed compute operations and simplifying data access for cloud workloads.
Based in San Mateo, Calif., Alluxio was found in 2015 at U.C. Berkeley’s AMPLab by the creators of the Tachyon open source project, upon which the Alluxio software is based.
CEO: Felix Van de Maele
Tracking an organization’s information assets to maximize data value while managing data governance is a major challenge in the big data era. One company to keep an eye on in 2020 is Collibra, a developer of data governance and catalog software built to address the data stewardship, governance and management needs of data-driven businesses.
Collibra, a perennial leader in the Gartner magic quadrant for metadata management solutions, raised $100 million in Series E funding In January 2019 giving the New York-based company a $1 billion post-money valuation.