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October 30, 2012
It’s an immensely proud day for Pentaho. Today we announced that a syndicate of venture capital firms led by NEA that includes Benchmark Capital, Index Ventures and DAG Ventures has agreed to invest $23 million in the company. You can read the press release here . These firms share a common belief that the big data revolution offers significant upside and is part of a larger transformation taking place in the enterprise software industry that includes cloud computing. NEA’s recent blog post, SaaS 3.0: Big Data that Delivers , describes this very eloquently. However, no matter how cool a company’s technology is, the ability to attract funding depends on how well the company is delivering on its strategy . I’m pleased to report that our first-mover advantage in big data really started to pay off in 2012, with our big data sales growing by more than 300%! And I believe the kind of growth we’ve seen this year is only the tip of the iceberg. Still, revenue growth is only part of the picture. As Warren Buffet famously said, “value is what you get” and sustainable growth depends on the...
October 17, 2012
This morning I participated in a panel discussing the topic of big data privacy at the San Francisco ISACA Fall Conference. The Information Systems Audit and Control Association (ISACA) is a professional association of individuals interested in information systems audit, control and security, with over 50,000 members in 141 countries. Other representatives on the panel were from eBay, Pricewaterhouse Coopers, and CipherCloud. Researching this topic and today's discussion raised some interesting questions about the intersection of personal privacy and big data in this new age where it is becoming technically and economically viable to store and analyze enormous data volumes, such as every click on a website and every commerce transaction. All this big data, from both internal systems as well as externally sourced enrichment data can now be streamed into giant "data lakes" using open source based big data management platforms such as Hadoop and NoSQL databases. Using visual big data development tools and end-user visualization technology such as Pentaho makes it easier and easier for organizations to ingest, prepare and analyze this data resulting in previously unattainable insights that can be used to optimize revenue streams and reduce...
October 12, 2012
What do the Olsen Twins, Rachel Bilson, Jessica Simpson, Justin Timberlake and Pentaho all have in common? We are all associated with the same social e-commerce company, BeachMint . BeachMint is a truly innovative and forward thinking online retailer that sells jewelry, clothes, shoes, home furnishings, beauty supplies and more through a subscription model with the help of celebrity stylist (a few mentioned above). The business analytics in the background helping to drive sales of these stylish goods curated by famous fashionistas is Pentaho Business Analytics. BeachMint is using Pentaho Business Analytics , MySQL and HP Vertica to quickly slice and dice terabytes of “big data” and millions of daily emails, plus record click stream data. Pentaho Business Analytics provides reporting, dashboards, analysis and data visualization and capabilities to help with social monitoring, customer retention, financial reporting, product and website optimization and more. Doug Cohen, Director of Business Analytics at BeachMint explains “ For cost-conscious start-ups, Pentaho and open source are a no brainer for enabling rapid scale. You can easily compare it to proprietary tools that might not even work. I’ve been doing analytics in other industries such as...
October 8, 2012
Eight years ago on, Friday October 8th 2004, Pentaho was founded to (1) make a disruptive impact in the BI space (2) screw around with the big proprietary vendors (3) have a lot of fun along the way. It’s been a great ride…but we have so much more to accomplish! Looking forward to the future with this phenomenal team that has come together over the years. Happy B’Day Pentaho Richard
October 8, 2012
In Europe, where about half our sales come through the channel, I’m seeing some interesting opportunities for our partners to profit from the big data revolution that I wanted to share. The good news is that the customer demand is already here. One is in providing expert professional services to help customers plan and implement big data solutions. Within this area, one of the biggest opportunities is in tool selection. There’s a dizzying array of big data technology on the market, much of which is unfamiliar to customers. For example, there are at least ten NoSQL databases, so which one should they pick? And how should they further complete their big data architecture? Customers are looking for some hands-on guidance. Another opportunity I am seeing is within partners that are embedding our analytics software to provide big data solutions ‘as-a-service’. These partners offer to pull data from Twitter feeds, Facebook feeds and other sources, perform the advanced analytics on that data and finally serve up that data as a service to their clients. We are seeing a number of marketing software providers that offer these types of services to companies...