No week passes without the data analytics space marking at least a handful of major milestones in its breakneck evolution, but this time around, it’s a truly historic occasion on the trend’s advance towards the enterprise. Hortonworks Inc. became the first Hadoop distributor to file for a public offering, beating Cloudera Inc. and MapR Technologies Inc. to the punch.
The move is even more notable in light of the fact that the startup hit the scene several years after its competitors, which reflects the tremendous momentum of its open-core business model. But while it’s highly conducive to adoption, the strategy of offering software for free and providing commercial services on the side is not always as lucrative as more proprietary approaches like the kind Cloudera and MapR practice. Hortonworks’ bottom line makes that clear.
In its regulatory filing, the the company revealed that it lost $36.6 million on sales of $11 million last year. It also didn’t specify the value of shares it hopes to sell nor the planned date of the offering. Hortonworks also disclosed that it saw revenue triple to $33 million in the first half of 2014, however. That growth should accelerate as the upstream Hadoop project continues to evolve and expand with new components like the Cubert framework that Linked Inc. open-sourced hot on the heels of the distributor making its IPO plans public.
The technology layers a abstraction over the Hadoop File System that exposes data stored inside as blocks organized for fast access, speed that users can exploit through a set of built-in algorithms that automate complicated tasks not directly supported in other platforms. That functionality is made accessible through a developer-friendly scripting language that provides a simple way to optimize taxing analytics challenges that might normally be too resource-intensive to address effectively.
Just as the Hadoop ecosystem is expanding, so is SAP SE’s analytics portfolio, except the German business intelligence giant is placing the emphasis on industry-specific problems. The company unveiled a set of vertical applications on Tuesday that harness its HANA database to perform everything from anticipating supply chain fluctuations to helping technicians prepare for equipment malfunctions. SAP also teamed up with Samsung Electronics Co. Ltd. to bring that functionality to mobile devices in a move that can only be seen as a response to the partnership announced earlier this year between IBM and Apple to develop niche apps.
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