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A Major Reason for Accel Partners’ $100 Million Fund: Big Data Apps are the Future of Hadoop
This morning at Hadoop World, Accel Partner’s Ping Li talked about the need for a new generation of apps while talking about the news of his firm’s new $100 million fund.
On theCube today, Li and Cloudera CEO Mike Olson talked about the fund and the importance those apps will have on the entire Hadoop ecosystem.
“We will see a new generation of apps as big data becomes engrained in our thinking,” Olson said.
The fund is designed to fuel that ecosystem as the market adapts to the big data juggernaut, Li said. The need is for apps that can help change existing markets that require a new set of tools. Security, mobile and the CRM markets are just a few that will have to change as big data becomes more universal.
Cloudera accepted $40 million from Accel this week. That funding has a certain goal. It will be instrumental for Cloudera as it builds out the next generation of data analytics. But it will be fruitless if the apps are not there.
Services Angle
My bet is that most of the apps that come out of this fund will be services. They will run on distributed infrastructures and have as much impact as apps developed 30 years ago that ran on relational databases.
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