Clash of Tech Civilisations
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The threat is looming large for cloud database providers. Redis, MongoDB, and Neo4j, among others, are facing severe business risk – and it’s coming from cloud giants AWS, Microsoft Azure and Google.
In the past few years, the cloud giants having database platforms such as Amazon DynamoDB,?Amazon Neptune Serverless, Azure Cosmos DB, and Google Cloud Firestore have captured about 6% of the database market from IBM, Oracle and SAP.?
In 2017, 86% of the market was controlled by the top five companies – IBM, Oracle, SAP and others. The number is now down to 80%. What once stood dominated by them is now being taken over by the likes of AWS, Azure, GCP, etc. And the remaining 20% is occupied by independent software vendors (ISVs) like Redis, MongoDB, Neo4j and others.?
Here is a challenge of humongous proportions for ISVs to maintain relevance in the competitive computing world. For instance, Redis has built a real-time data platform on?Redis Active-Active Geo-Distribution?technology, which makes users believe that this is a local Redis, but whatever they write is replicated worldwide. It solves the need to bring data closer to you.?
Despite all the efforts, funding is another challenge which database startups face. In order to keep going, they need active interest from investors, which unfortunately is not happening since the entire tech industry is shrinking with worries of inflation and rising interest rates.
Meanwhile, Gartner paints another dreaded picture. According to the consulting firm,?50% of independent DBMS vendors?will cease operations by 2025. The projection that many independent vendors will die down essentially means that there will be a?consolidation push. That is, large database companies will expand their offerings and add more and more product capabilities to the mix.?
Read the full story?here.
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[Live] Future Ready Technology Summit | Bengaluru | Satya Nadella
The Microsoft Future Ready Technology Summit is back in Bangalore, in person, after three years. Today, Satya Nadella spoke about Microsoft's latest technology innovations, highlighting the impact of OpenAI's ChatGPT, DALL.E 2, GitHub Copilot, and more, alongside India's prowess on its technology adoption and scale. We have captured the event live for you.
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Game franchises like Activision Blizzard’s Call of Duty and EA’s FIFA are yet to explore the Web3-based world that has enchanted the other sectors.
Big Techs Love India
While the world market for Big Tech crumbled, it continued making investments in India. For instance, in?September?last year, Apple launched the iPhone 14 models and began assembling them in India ten days after the global launch.?
Likewise, in March 2022, Microsoft announced its plans to build its?fourth datacenter region in Hyderabad. Besides, at the summit 2022 in India, Microsoft CEO Satya Nadella announced a partnership with?Apollo Hospitals, a leading Indian healthcare chain, to invest in a cardiac prognosis model trained on data from South Asians.?
The Indian investment story continues for Meta, Amazon and others. Read the full story?here.