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Ken Elefant is a founding partner of VC firm Opus Capital (formerly Weiss, Peck & Greer Venture Partners) focusing primarily on internet infrastructure and software investments. Opus has more than $1 billion capital under management and has participated in the successful outcomes of more than 80 companies (including 48 IPOs) in the U.S. and in Israel. We’re producing data at an amazing rate.
A few months ago, I posited that additional funding for Cloudera and Karmasphere signifies a large market opportunity for solutions that utilize the open-source analytics tool Hadoop. After all, the argument goes , data volumes are growing for organizations across the board, as is the competitive need to extract as much insight as possible from those stores.
IBM on Wednesday is set to announce a new portfolio of solutions and services to help enterprises analyze large volumes of data.