MongoDB moves from a single data product company to a data platform
Managing multicloud environments and making stored data useful are challenges that companies are dealing with and will continue to deal with in the future. Taking advantage of the growing demand for its services, MongoDB Inc. has moved from a single data product company to a data platform enterprise.
“Earlier this year, we announced not just the core foundational database features we’re always building on top of, but also a big step into analytics with our Atlas Data Lake product,” said Sahir Azam (pictured), chief product officer of MongoDB. “It allows development teams and analysts to run queries using the Mongo query language on top of S3 [Amazon Simple Storage Service], where they have mountains and mountains of data stored from different sources.”
Azam spoke with Lisa Martin (@LisaMartinTV), host of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, and guest host Justin Warren (@jpwarren), chief analyst at PivotNine Pty Ltd., during the AWS re:Invent conference in Las Vegas. They discussed MongoDB’s next steps, how the company is helping marketing data provider Acxiom LLC to transform itself in the cloud, and multicloud trends in general. (* Disclosure below.)
Atlas drives business growth
A big part of MongoDB’s journey over the past three or four years has been to add a second major growth engine to the company, building its cloud business, according to Azam. The company has launched the Atlas MongoDB platform, built on top of AWS, Azure and Google Cloud Platform, which is the fastest-growing part of its business and will be most of its operations in the future.
In this transition process to a data platform company, MongoDB has also added new features to its services, such as full-text indexing. “Instead of standing up a search cluster next to your Mongo database, having to worry about copying data just to get full text search in your application, we merge that capability directly into the Atlas platform,” Azam explained.
Atlas was the highlight of MongoDB’s third-quarter financial results. The company beat Wall Street revenue and profit projections and raised its guidance for the next fiscal year. Executives attributed the momentum to Atlas, which now has 14,200 customers, more than double the 6,200 customer count a year ago.
An interesting example of MongoDB customer is Acxiom. Data has been the heart of Acxiom business for a long time, but traditionally its business would be packaging up and shipping data sets to its end customers in a personalized way.
“What we worked on with them was leveraging our cloud platform Atlas, along with some API technologies that we have and a product called Stitch,” Azam said. “This makes it very easy for them to create custom APIs to allow their end customers to access that data programmatically.”
MongoDB sees three trends for multicloud enterprises. One is customers looking for high availability in a particular geographic region who may need to have a new provider because there is only one in that location. The second is customers enjoying the benefits of different cloud services that are being launched in a mix-and-match of providers. And the third is customers looking for a wider geographic reach.
“Those categories are the three things we see for multiplatform at a strategic level, beyond the reactive angle of acquiring a company and learning how to manage multiple clouds that way,” Azam concluded.
Watch the complete video interview below, and be sure to check out more of SiliconANGLE’s and theCUBE’s coverage of the AWS re:Invent event. (* Disclosure: MongoDB Inc. sponsored this segment of theCUBE. Neither MongoDB nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
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