Welcome to The Wrap Podcast – where John Siefert, Bridget Courneya, and Aaron Back recap their week and the latest from the business and tech market. Today’s episode is brought to you by the Industry Cloud Battleground Week digital event. This week’s topics include cloud computing and migration as well as technical trends within these databases.
Industry Cloud Battleground Week
01:02 – November 15th to 19th, we are hosting Industry Cloud Battleground Week. Join experts from 4 vertical industries: healthcare, manufacturing, financial services, and retail. Organizations – such as Microsoft, Google Cloud, Oracle, Salesforce, SAP, and Workday – will have presentations for each of these vertical industries. Learn more about this digital event and register here.
02:28 – The Industry Cloud Battleground channel hosts moments from the battleground event earlier this year, in June 2021. Additionally, Bob Evans wrote six different reports for this channel about the cloud strategies of the organizations at this event. For example, he wrote reports on Microsoft’s cloud strategy and Oracle’s cloud strategy.
4:30 – As a female-led organization, Standing Partnership helps organizations position their solutions within different industries. So, their team is underwriting the roundtables for the first day of Industry Cloud Battleground Week.
Expanding the Team
05:00 – John Foley joins the team not only as a Senior Analyst covering data through the Data Revolution channel but also as Senior Vice President and Editorial Director.
07:31 – Guess the CAGR: the Cloud Computing market – According to Cision PR Newswire, looking at a 2021 to 2028 global forecast period, cloud computing has a projected market growth of 19.1%. For instance, this brings the market to reach $1,251.09 billion by 2028. The top key players include Adobe, Alibaba Group Holding, Amazon, Google, IBM, Microsoft, Oracle, Salesforce, SAP, and Workday.
09:28 – Cloud computing also involves AI, edge computing, IoT, and other market areas. These other areas support the growth of the market for cloud computing.
Free Forever Services
17:30 – Free forever is an emerging technical trend impacting the cloud computing market. Neo4J is a growing specialist in graph databases. In June, they secured $325 million in investment funding. Recently, they announced a version of their managed graph database service that they say is free forever.
18:19 – While the industry is growing, companies are drawing users in with free forever offers. By getting users and developer teams interested in the database or platform, they start creating pilot projects and doing testing on it. Then, they build from there.
18:55 – Although companies don’t see immediate profit from offering free forever services and benefits, it builds long-term customer attachment and leads to a long-tail strategy.
19:54 – Google Cloud recently conducted a deal with CME within the financial services sector. They’re working on a 10-year partnership to develop and streamline their operations and develop new tools with Google’s technology.
20:51 – What is the premise of co-creation? How are cloud platform providers working with customers and partners to build co-creation strategies around their vertical industry?
Cloud Migration and ERP for SMBs
21:31 – The process of small to medium-sized businesses (SMB) moving to the cloud can be a long-tail process.
22:28 – Enavate is a company that’s been helping organizations migrate to the cloud. They recently acquired Columbus, further focusing on delivering Cloud ERP solutions to SMB customers.
24:57 – Along with free forever services, two other technical trends within cloud databases are serverless and fully managed cloud services.
26:25 – Looking at companies raising funds, it’s evident that there are new database platforms that are emerging in this market. Over this past week, Informatica raised $840 million in IPO. In addition, Yellowbrick raised $75 million. A startup company, QuestDB raised $12 million in Series A funding.
28:23 – On John Foley’s Cloud Database Report podcast, he recently hosted a discussion with Stavros Papadopoulos, the founder and CEO of TileDB. They discussed TileDB’s latest round of investments and a universal database for complex data. They look at the investors who are interested in the database capabilities as well as what they can learn and apply there. The Data Revolution channel covers more of this conversation.
29:53 – Companies are migrating to the cloud with their ERP systems. A major challenge is managing the pricing elements inside your accounting system inside your ERP system.
30:48 – Rockton Software just introduced Rockton Pricing Management. It’s built with an API and it can interact with any ERP system. Furthermore, they designed this tool to make pricing simpler, easier, and faster.
Summit North America: Legends Program
33:12 – The Summit North America 2021 Legends Program celebrates those who paved the way to Community Summit. We acknowledged 22 individuals that have committed significant time to help create the event. They served on the committee, picked topics, and sourced speakers. In addition, we put together a 2021 Legends Gallery to further celebrate their stories. Also, if you missed sessions from Summit, they are available on-demand.
The Increasing Value of Microsoft
38:22 – Microsoft and Apple are toggling back and forth for the number one and number two spots on their market caps. While both are valued at over $2 trillion, Microsoft has just overtaken Apple.
39:11—The customer-centric reimagination of Microsoft was also featured in the October issue of the Acceleration Economy Journal.
Acceleration Economy Analyst Network
41:00 – There have been more releases from our Analyst Network this week, such as:
- Endpoint Security – Your First Line of Defense in a Distributed Workforce by Chris Hughes
- 3 Critical CMO-CXO Relationships to Drive Digital Business Growth by Scott Vaughn
- 3 Keys to API Strategy for Accelerated Application Development by Bill Doerrfeld
- Patient Engagement Apps and the Impact on Future Healthcare Provisions by Kieron Allen
- Cybersecurity for SMBs: A 3-Step Process to Defend Against Growing Risks by Kenny Mullican