Data is Dominating Traditional Industries
There is a data-centric boom on Wall Street, especially as it relates to individual companies themselves. Listen to this episode of Diving into Data with TC Riley.
Snowflake and JFrog are two of the data companies to go under the magnifying glass. Snowflake is a cloud-based data-warehousing company that decouples storage and computation functions, which basically translates into a more easily controlled relationship between user expectations and costs. JFrog, on the other hand, is a DevOps platform that’s based in cloud functionality. Because of its cloud-based nature, the entire platform is easily customized and facilitates faster software releases.
This data boom has indications for the future, “It’s interesting to see so many data companies that have these huge offerings. I think it points toward more and more people buying into the overall value of data long-term and where the business world is heading,” says Riley.
In addition to data companies, there are significant challenges, and opportunities in dealing with data in the healthcare industry. There are a lot of considerations that need to be undertaken in terms of privacy and possible misuse of patient information by, say, insurance companies when it comes to healthcare data, and TC mused about the potential benefits for the good of everyone in the future. “There is an opportunity to transform the way we think about healthcare data, and there’s not a perfect solution here,” he said.