One good indicator of the financial health of an industry is the amount of venture capital finding its way into company coffers. If you accept that measure of success then the big data industry is on pace to become a shining example of riches derived from technology. Forbes recently published an updated list of their top 10 most funded Big Data startup companies. The list shows an aggregate amount invested in excess of $1 billion – the top 3 being MongoDB, Mu Sigma and Cloudera. The funding includes VC contributions as well as investments by established companies.
I’m betting that this trend will not bottom out as a big data bubble. This industry is real because it is just a formulation of tried and proven areas of technology, computer science, statistics, mathematics, probability theory, etc. Time will tell.