"Software as a Service" entries
Data storage and management providers are becoming key contributors for insight as a service.
Contrary to what many believe, insights are difficult to identify and effectively apply. As the difficulty of insight generation becomes apparent, we are starting to see companies that offer insight generation as a service.
Data storage, management and analytics are maturing into commoditized services, and the companies that provide these services are well-positioned to provide insight on the basis not just of data, but data access and other metadata patterns.
Companies like DataHero and Host Analytics [full disclosure: Host Analytics is one of my portfolio companies] are paving the way in the insight-as-a-service space. Host Analytics’ initial product offering was a cloud-based Enterprise Performance Management (EPM) Suite, but far more important is what they are now enabling for the enterprise: they have moved from being an EPM company to being an insight generation company. In this post, I will discuss a few of the trends that have enabled insight as a service (IaaS) and discuss the general case of using a software-as-a-service (SaaS) EPM solution to corral data and deliver insight as a service as the next level of product.
Insight generation is the identification of novel, interesting, plausible and understandable relations among elements of a data set that a) lead to the formation of an action plan and b) result in an improvement as measured by a set of KPIs. The evaluation of the set of identified relations to establish an insight, and the creation of an action plan associated with a particular insight or insights, needs to be done within a particular context and necessitates the use of domain knowledge. Read more…
The closed core model requires businesses to determine where their unique value lies and to be generous in offering the public extra code that supports their infrastructure but does not drive revenue. This model may prove more robust and lasting than open core, which attracts companies occupying minor positions in their industries.
Part 5 of the series, "What are the chances for a free software cloud?"
The merger of free software with cloud and web services is a win-win. The transition will take a buy-in from cloud and SaaS providers, a change in the software development process, a stronger link between computational and data clouds, and new conventions to be learned by clients of the services. (Part 5 of a 5-part series.)
Part 4 of the series, "What are the chances for a free software cloud?"
Let’s put together a pitch for cloud and web service providers. We have two hurdles to leap: one persuading them how they’ll benefit by releasing the source code to their software, and one addressing their fear of releasing the source code.
Part 3 of the series, "What are the chances for a free software cloud?"
My long-term view convinces me we all will be in the cloud. The advantages are just too compelling. But what can we do to preserve freedom in the cloud? (Part 3 of a 5-part series.)
lectronic record systems need all kinds of underlying support. Your
patient doesn't want to hear, "You need an antibiotic right away, but
we'll order it tomorrow when our IT guy comes in to reboot the
system." Your accounts manager would be almost as upset if you told
her that billing will be delayed for the same reason.
The World Economic Forum started a
at Davos 2009 concerning cloud computing, which they broadly define to
include all kinds of remote services, from Software as a Service to