MongoDB Extends Its Lead As The Industry's "Best NoSQL Database"...Thanks To You
MongoDB has long been the industry's leading NoSQL database across a number of measures, and is also more popular than most most relational databases . This isn't news. What is news is how much MongoDB has cemented and extended its lead over the last year. This is readily apparent in Linux Journal's Readers' Choice Award for Best NoSQL Database. In 2013, MongoDB was named the " best NoSQL database " by 43.6% of survey respondents. The next nearest database garnered only 15.3% of votes: While impressive, it becomes doubly so in light of MongoDB's performance in the 2012 version of Linux Journal's Readers' Choice Award . Then, as now, MongoDB dominated its field. But in 2012 MongoDB won with 33.4% of the votes, with the next nearest competitor getting 22.3% of the votes: Enterprises are standardizing on a few good NoSQL database options, just as they did in the relational database market. It's simply too cumbersome to hope to embrace a dozen different databases to solve niche needs. MongoDB is clearly the enterprise standard for NoSQL. Not that we're resting on our laurels, or taking all the credit. That's not in our DNA. The MongoDB community deserves a huge amount of credit for consistently offering feedback - both positive and negative - that helps the MongoDB development community continuously improve an already exceptional database. This is not a solo effort. It's something we've earned together with you, and we thank you for making MongoDB such an excellent database.
3 (actually 4) tech trends that are reshaping Financial Services
Rod Ebrahimi has a great piece in Forbes identifying three big Silicon Valley trends that will reshape the Financial Services industry. And while I think he’s right that increased transparency, more automation, and improved access to capital are, indeed, changing the way the Financial Services world operates, I can’t help but think he left out the biggest trend in Financial Services: Open-source innovation in Big Data. In his defense, Ebrahimi was focused more on front-office innovations in retail banking, like how much information banks share with Main Street customers like you and me. And perhaps he would consider open source “old news” in Financial Services, anyway. After all, Financial Services was one of the first big industries to embrace Linux and other open-source technologies. Much of that early adoption, however, came down to open source’s price tag. As Anthony Golia, executive director of enterprise computing at Morgan Stanley, has declared , “We use [Linux] because it performs well on inexpensive, commodity hardware. That continues to be true and that continues to be a reason we use it.” That’s great, as lowering costs while maintaining or improving performance is critical to being able to offer end-customers better service at lower prices. But while open source may have started out as a cheap imitation of proprietary technology, it’s now leading the charge on innovation, fed not by gargantuan R&D budgets but instead by open collaboration around common code. That’s how innovation happens in 2013. This is particularly needed in Financial Services, which is seeking a reprieve from long years shackled to relational database technology. As my colleague and vice president of Sales, EMEA, Joe Morrissey puts it , Traditionally, investment banks - as all other organisations large and small - have relied on relational databases, with their rigid and tabular structures to store data. However, it is now becoming clear that these relational data stores are finding it difficult to cope with the enormous increase in data volumes and throughput that are now commonplace. Scaling relational databases is often prohibitively expensive due to the nature of their design. This has led to many financial services firms reconsidering their default position of a relational model for their database architecture. Instead they are seeking alternatives that not only provide the performance and scalability at lower cost, but also introduce other benefits such as flexibility and agility. Yes, there’s an element of cost savings driving this. As he goes on to suggest, “NoSQL databases are designed from the outset to offer massive scale-out capability on commodity and virtualised platforms. This is distinct from how relational databases are usually scaled through the utilisation of increasingly large and expensive servers.” In the absence of capital expenditures for software and low-cost, commodity software, open source can dramatically lower the cost profile of operating a Financial Services company. But it’s deeper than this. Financial Services firms are increasingly determined to put Big Data to work, which requires a healthy dose of open source, as virtually all of the most popular Big Data technology is open source . Maybe all of it. Big Data is what enables those banks to heavily customize their offerings to fit individual needs of their customers, just as Sears has done in retail using Hadoop and NoSQL technologies. It’s also how Financial Services companies increasingly process high-volume data feeds to glean insights that give it competitive advantage in trading, not to mention storing huge quantities of data in open-source “ data hubs ”, which data can then be easily analyzed or repurposed for later use. In sum, where Ebrahimi sees three big trends in Financial Services being driven by Silicon Valley, I see four, and that fourth one - open-source innovation in how data is stored and processed - is the biggest of all. Open source is what largely makes it possible for Financial Services firms to emulate Silicon Valley, which is built on open source itself. Tagged with: open source, Financial Services, high-volume data feeds, Linux, cost, scale-out architecture
Technology Adoption and the Power of Convenience
Just as the ink was drying on my ReadWrite piece on how the convenience of public cloud computing is steamrolling over concerns about security and control, Redmonk ÃƒÂ_ber-analyst Stephen O’Grady posts an exceptional review of why we should “not underestimate the power of convenience.” As he writes: One of the biggest challenges for vendors built around traditional procurement patterns is their tendency to undervalue convenience. Developers, in general, respond to very different incentives than do their executive purchasing counterparts. Where organizational buyers tend to be less price sensitive and more focused on issues relating to reliability and manageability, as one example, individual developers tend to be more concerned with cost and availability - convenience, in other words. Because you are who you build for, then, enterprise IT products tend to be more secure and compliant and less convenient than developer-oriented alternatives. None of which would be a problem for old-guard IT vendors if developers, not to mention line of business executives, didn’t have increased control over what gets used in the enterprise. From open source to SaaS, legacy procurement processes are fracturing in the face of developers, in particular, building what they want when they want. Because of the cloud. Because of open source. Because of convenience. O’Grady points to a variety of technologies, including MongoDB, Linux, Chef/Puppet, Git, and dynamic programming languages, that have taken off because they’re so easy to use compared to legacy (and often proprietary) incumbents. Most are open source but, as I point out in my ReadWrite article, “open” isn’t always required. Microsoft SharePoint and Salesforce.com, for example, are both proprietary but also easier to adopt than the crufty ECM and on-premise CRM systems they displaced. The key, again, is convenience. It’s one of the things that drew me to 10gen. MongoDB isn’t perfect, but its data model makes life so easy on developers that its adoption has been impressive. That flexibility and ease of use is why MTV and others have embraced MongoDB. With convenience comes adoption, and with adoption comes time to resolve the issues any product will have. Most recently, this has resulted in 10gen removing MongoDB’s global write-lock in MongoDB version 2.2 , as well as changing the default write behavior with MongoClient . All while growing community and revenues at a torrid pace. Back to O’Grady. As he concludes, “with developers increasingly taking an active hand in procurement, convenience is a dangerous feature to ignore.” I couldn’t agree more. - Posted by Matt Asay, vice president of Corporate Strategy. Tagged with: Stephen O'Grady, Redmonk, convenience, ease of use, flexibility, MTV, global write-lock, developers, Linux, ReadWrite
MongoDB at SCALE 10x
The MongoDB team is thrilled to be part of SCALE's 10-year anniversary conference in Los Angeles this year. Southern California Linux Expo has grown to a three-day mega-conference, attracting thousands of open source enthusiasts from around the world. Meghan Gill, who supports community development and outreach for MongoDB , will present The Care and Feeding of an Open Source Community , discussing the developer-based outreach strategy that helped MongoDB to become a well-known project in the open source world. First made available in 2009, downloads of the document-oriented database software now exceed 100,000 each month. You can meet Meghan and other members of the 10gen team at the MongoDB booth during SCALE. Because the MongoDB community has grown tremendously in Los Angeles, we're also hosting a full-day MongoDB conference on January 19, timed so that SCALE attendees from out of town can stop in to learn more about the document-oriented open source database. MongoDB Los Angeles will be the first full-day MongoDB conference in Southern California. Presentations include: -Building Your First MongoDB Application (Antoin Girbal, 10gen) -Using Spring and MongoDB with CloudFoundry (Josh Long, VMWare) -Indexing and Query Optimizer (Kevin Hanson, 10gen) -N2M: node.js and MongoDB as the modern stack for the real-time web (Jason Hoffman, Joyent) The LA MongoDB User Group meetup will be held on the evening of January 18th, featuring a presentation from 10gen. We're excited that the event will be co-located with SCALE, one of the premier events in the open source world. Don’t forget to register for MongoDB Los Angeles ! Tagged with: mongodb, nosql, scale, scale10x, linux, events, 10gen