AI Will Eclipse Hadoop, Says Forrester, So Cloudera Files For IPO As A Machine Learning Platform
When you start a revolution, you need to go public before the next revolution starts. #Hadoop used to be the “revolutionary” technology behind the “ #bigdata ” revolution but it has now been buried deep by #deeplearning, at least as far as the tech hype is concerned. One Hadoop distribution vendor, #Hortonworks , sensed the passing of the “revolution” baton early, and went public in 2014. “In a year or two we may look back at November 10, 2014 [the day it filed for IPO] as the beginning of the end of the Hadoop Bubble,” I wrote in The End of the Hadoop Bubble?
Hortonworks shares rose to $26, but on February 2015, I kept at it: “What if December 12, 2014, the day Hortonworks went public, surprising many by its swift action, the bubble ‘began to quiver and shake preparatory to its bursting’? What if Hortonworks had decided to rush to the exit while expectations were high?”
In its 2016 fiscal year, Hortonworks had revenues of $184.5 million, up 51% from the previous year, and a loss of $147.6 million, up from $133.3 million. Investors were not happy and Hortonworks shares continue to trade where they have been since early 2016, around $10. But hope is still alive, said the company, counting on a new revolution to carry it upwards: “Looking ahead at developments in the big data market, we believe that we can further leverage our existing R&D investments for utilization across other data-intensive technology trends like Artificial Intelligence and Machine Learning where excitement and interest has grown significantly.”