MongoDB: Beginning of a Profound Platform Shift to Cloud
We emphasized the potential of new ways for business and developers to work with data, especially in the era of 5G when the volume of data is growing exponentially. MongoDB is one of the emerging leaders who are driving this secular trend, in our opinions.
The company delivered another strong quarter according to the earnings report from last week. The management reiterated its core growth principles and strategies, which clearly pointed out where the modern database industry is moving.
Multi-Cloud is becoming a strategic imperative for enterprises and MongoDB Atlas (Database-as-a-Service) gives them the freedom to run anywhere and leverage the benefits of each cloud provider. The strong growth of Atlas is a testament to it.
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Apps of the future will dramatically expand in their functionality and scope. Applications will enable continuous engagement and access to massive amounts of real-time data among key constituents (users, customers, partners or suppliers). The availability of instantaneous operational data along with the insight into that data will increasingly drive business decisions. This means that traditional operational workloads will need to incorporate additional functionality such as real-time analytics.
As data on the edge continues to explode due to the 5G and IoT apps, future applications will require the ability to separately synchronize data between the edge and the core. That's what Realm and Stitch (two recent acquisitions by MongoDB) are for. Here is a short video to explain how it works.
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