I am reading the MongoDB earnings report now. Off and on, as I have a glass of wine and watching a movie in the home theatre as well. But he age of multi-task because we really cannot help ourselves.
I am not going into any of the numbers, but what you come away with is the fact that MongoDB is “the” new standard database for modern work loads, period.
ACID, that is in version 4.0, is not necessarily going to draw suddenly those happy with SQL databases, but will draw more and more workloads, because now MongoDB is future proof. Start off with something, if it works, you know you can now move transactions onto it, when that becomes the thing to do. Eventually, after the product matures more, and the market accepts this with confidence, then you might very well see those using SQL databases, but having difficulty scaling with them, or future proofing them, specifically transfer to Mongo precise because they can replace the transactional component plus future proof them.
There is no other NoSQL database that can do this. I am going back to the movie now, and will finish up reading later, but the qualitative aspects of the earnings report are quite confidence inspiring (yes, that is what corporate management is very good at, but we have plenty of proxy data to support this supposition of becoming the standard, and this is precisely what this company is trying to embed, worldwide and make happen. It has been a long while since a new standard bearer in an important enabling software platform, as this is another PaaS, the fastest growing part of cloud services, has come about. The last still exist, Microsoft and Oracle. Microsoft has given up the standard thing, although it still basically is on the desktop, and ORacle has somewhat conceded to open source, having bought the #2 database in the world, that is open source, but neither offers what MongoDB brings.
Wonder how much that is worth to a potential acquirer, when you consider the premium that MULE went for. And we often talk about how “I don’t want this company being bought out,” and I usually think that is just naive, take the huge premium and move on. But here, that applies. The new standard being created in unstructured modern databases. And practically every application in the world, and every data dump, is based upon a database as the underlying technology.
It is kind of like oil. We say data is the oil of the modern economy. Perhaps. But if so, the database is the gasoline and plastic and other derivatives, that is manufactured into a more usable product, that in the end is a material part of the cost of all products.
I will let it sink in before I gush some more. It is easy to want something and to fool oneself. But with MongoDB, in regard to becoming the standard, I do not think it is gushing but objective analysis as to the current trends, and as to the structure of the database marketplace, where it is not a winner take all market, but is a winner take most market. And we are seeing this I think.
At least this underpins everything management is doing with MongoDB, so clearly they are trying to capture exactly this extremely lucrative status.
Tinker