Description: Big Data is attracting big money — $100 million at Accel Partners, the VC firm.
“Big data is one of the biggest transformational changes in the data center and IT landscape,” said Ping Li, a partner at the VC firm Accel Partners, which is running a $100 million Big Data fund. “It happens once in a generation,” he told the audience at a Churchill Club panel in Silicon Valley.
And just what constitutes Big Data? After SC2011, the US supercomputing conference in Seattle in November, Addison Snell, an industry analyst, blurred the lines a bit in a podcast with HPCwire.
“There is small Big Data just as there is entry level high performance computing,” he said. Someone who has worked in gigabytes and now has to work in terabytes is dealing with Big Data, added the CEO of Intersect360. “It’s relative to the infrastructure you had before.” It may incorporate complex event processing, data mining and complex real-time analytics. Big Data can have many elements — large files, large volumes and real-time I/O within a short data life span. Every vendor at SC2011 was talking about big data, agreed Nicole Hemsoth, editor of Datanami.
Or to put Snell’s observation another way, Big Data breaks existing systems and ways of working. Read Rest of Story
Questions for discussion:
1. What is meant by Big Data — Big Money Says It Is A Paradigm Buster?