Cloudera, Inc. revealed this past February that it was the second Open Source company in history to crack $100 million in revenues. And according to Mike Olson, Cloudera’s chief strategy officer, the company is thrilled with it growth.

“I’m very pleased and confident in our strategy and execution,” he said in an interview with theCUBE during EMC World 2015. “And, in addition, Big Data is genuinely transforming the industry and is creating an enormous opportunity for everyone — us, our tremendous partner, EMC, and the rest of the industry.”

New workflows emerge

As CSO, Olson has to keep a sharp eye on the IT trends, and needs, of enterprise. As Big Data has gotten bigger — and cheaper to store — new workflows are emerging, as well as tools that help businesses explore their data in new ways.

“The ability to ingest, store, process [and] analyze absolutely any kind of data was transformative,” Olson said in an interview with theCUBE during EMC World 2015. “We never had a chance before to look at video, documents, audio, social media data and then — by the way — traditional transactions and user data in one place. An enterprise data hub, built on Apache Hadoop, absolutely lets you do that.”

Beyond that, full-stack analytic solutions are now being built on the platform, which is “a perfectly natural maturation of the market,” according to Olson.

The fate of traditional systems

These changes allow for “real-time analytics running over data, doing fraud, machine learning [and] recognizing money laundering in financial transactions,” advances that can’t be overstated. But as disruptive and revolutionary as some of these changes are, they’re not likely to dismantle traditional systems overnight.

“We don’t see large swaths of traditional systems getting powered down as a result of the emergence of this new enterprise data hub capability,” Olson said. “People are running data warehouses, document management systems to solve particular business problems, and they’re really good at it. Our customers are setting up this new platform in order to adjust the share data from many different sources, including those existing legacy systems. They’re doing new analytics and new processing at much larger scale and more cheaply, but they’re integrating with their existing systems.”

The rapidly-changing landscape of data management

Olson is proud to be investing in Cloudera’s partnership with EMC in the rapidly-changing landscape of data management. “We’ve had a fantastic relationship with EMC for quite some time … We’re super bullish long term on this relationship, and we see it expanding into other parts of the storage ecosystem.”

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of EMC World 2015.