Week 8 of the Big50 features 5 hot Big Data startups. Big Data is one of those tricky tech spaces. The potential payoffs are enormous, but the hype surrounding the space can harden even the most naïve trend spotters.
We saw the same thing – for years – with last week’s trend: cloud. However, look back at the cloud startups last week, and you’ll find plenty of substance over hype, with even more real-world use cases delivering competitive advantages.
We at Startup50 are still bullish on cloud, and we’re even more so with Big Data.
Consider some recent Big Data news
Startup Arthena is using machine learning, AI, and Big Data to guide art investing.
Credit Suisse is using Big Data and “software robots,” which were originally designed to detect fraud, to help curtail the cost of regulatory compliance, reducing costs by 40%.
And Panera Bread is using Big Data to rearchitect “lunchtime operations.”
The five Big Data startups featured this week have plenty of cool use cases and customer wins of their own, and they’re poised to help the enterprise tackle everything from data ingestion to predictive analytics to “data streaming.”
How these startups made it into the Big50-2017
To recap, the Big50-2017 competition started with more than 160 startups.
Through three rounds of challenges, the Startup50 team whittled that down to the 55 startups we are featuring in the Big50-2017. (Yep, there are 55 startups in the Big50. You know, like giving a 110%.)
The first obstacle Big50 startups had to pass was the fundamentals test. Have they raised sufficient funding, attracted a solid team, developed a viable business idea that tackles a real-world problem? Do they have on-the-record customers, are they targeting a viable market niche, and have they launched an MVP that’s moved the needle?
Next, if the fundamentals were in order, startups had to fight their way through the Online Voting and Social Media challenge.
Those still standing, then had to face the Content Challenge. Startups pitched the Startup50 team their best story ideas for a forthcoming podcast.
The 55 startups featured in the Big50-2017 startups excelled in each of those three challenges.
Come back in fifteen minutes or so, and you’ll see the first of our Big Data startups, one that provides a data pipeline service that organizations can use to stream data. Stay tuned. . .
