Striim brings cloud-modernization tool to AWS

Can real-time technology help companies save during economic hardship? Alok Pareek thinks it can. Pareek is the cofounder and executive VP of products at Striim, a vendor whose goal and motto is to, “help companies make data useful the instant it’s born”.

Depending on which angle you look at it, you could say that Pareek is either biased or in the know. Either way, it was not so long ago that real-time data, or streaming data as this market is also called, was estimated to be worth billions.

The streaming analytics market (which, depending on definitions, may just be one segment of the streaming data market) is projected to grow from $15.4 billion in 2021 to $50.1 billion in 2026, at a compound annual growth rate (CAGR) of 26.5% during the forecast period according to Markets and Markets.

Then again, as the recent wave of layoffs and market capitalization losses goes to show, not all positive projections around technology come to fruition. Many projections counted on the effects of changes in consumer behavior due to COVID-19 and the associated restrictions as being permanent. It turns out that they are not, and hence projections are off the mark.

Could real-time data be different? Where does cloud modernization come into play, and how does Striim’s offering relate to that? Striim today announced the availability of its fully managed Striim Cloud service on Amazon Web Services (AWS).

Read the full article on VentureBeat

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