Cloudera transitions, doubles down on data science, analytics, and cloud ZDNet
The cloud is disrupting traditional operating models for IT departments and entire organizations. Cloudera's plan is to lead in machine learning, to disrupt in analytics, and to capitalize on customer plans to move into the cloud. It's a solid plan -- for reasons I'll explain -- but that didn't prevent investors from punishing the company on April 3, when it offered a weaker-than-expected guidance for its next quarter. Despite reporting 50-percent growth for the fiscal year ending Jan. 31, 2018, Cloudera's stock price subsequently plunged 40 percent. Cloudera's narrative, shared at its April 9 to April 10 analyst and influencers conference, is that it has restructured to elevate customer conversations from tech talk with the CIO to a C-suite and line-of-business sell about digital transformation. That shift, they say, could bring slower growth (albeit still double-digit) in the short term, but executives say it's a critical transition for the long term.
Apr-18-2018, 21:07:00 GMT
- Industry:
- Information Technology > Services (0.99)
- Technology:
- Information Technology
- Cloud Computing (1.00)
- Artificial Intelligence > Machine Learning (0.37)
- Data Science > Data Mining
- Big Data (0.30)
- Information Technology