Evaluate your values, then take steps to actualize them. In the realm of technology, databases hold tremendous value.
Data is the way. We're crafting data in unique ways that often go beyond conventional comprehension. Yet, we offer this data freely, without much hesitation.
Allow the author to express why this matters...
Data represents our identity. We embody data. Consider it for a moment—a simple name or address, it all translates to data. When diving into online data, things get even more intriguing.
Online data isn't just about revenue for colossal corporations, potentially supported by governmental intelligence; it surpasses economics.
We're touching on concepts as profound as human rights, a discussion that echoes back to the era of the Magna Carta.
The vision for databases is to be transparent, accessible, and cost-free.
To be sure, blockchain is creating new ways to store data Complications surface when discussing who holds the reins of data management.
Take companies like Facebook—with vast data repositories, they utilize said data, manipulate users —yet its true value remains somewhat of an enigma.
Blockchain technology could serve as a revolutionary stride forward. Its innate transparency and detailed oversight could make it an ideal candidate for evolving future databases.
An Already Valuable Market
Confluent's journey began in 2014 with its founders Jay Kreps, Jun Rao, and Neha Narkhede. Pre-dating this, now their company is going public .
Their IPO offered 23 million shares at $36 each—despite an anticipated range of $29 to $33—shooting up by 25% on its debut day, hitting a market cap of approximately $11.5 billion USD.
This success poised them to create Kafka—their own pioneering platform. As an open-source solution, Kafka quickly gained widespread acceptance.
Currently, Kafka boasts a developer community exceeding 60,000 engaged individuals. Furthermore, it's utilized by over 70% of the Fortune 500 enterprises.
Though apps like Uber or Lyft might appear straightforward, their underlying technology is exceptionally intricate, requiring seamless management of streaming data flows to connect users efficiently.
According to Ashish Kakran, a Principal at Thomvest Ventures, Confluent's open-source platform Kafka showcases distinct advantages, especially with its flexible architecture.
It tackles challenges through its robust streaming platform, offering diverse APIs that developers leverage to speed up innovation and achieve practical outcomes efficiently.
Confluent's potential is barely tapped, meanwhile, its growth trajectory looks promising. As real-time data demand spans various sectors, projections suggest the market may achieve a valuation of $50 billion.
As per co-founder Jay Kreps, it's set to be a cornerstone for modern digital interfaces and pivotal in developing software that manages intelligent, streamlined operations.
More to Come From Data-driven Life
The awareness regarding the worth of data we generate is only dawning on people now, with platforms like Brave incentivizing active participation in the online data ecosystem, poised for future success.
Data gains its value when individuals comprehend its end-users and its worth to entities like Google.
In the absence of vigilance and skepticism, people risk perpetuating a system that exploits their trust and data. Data, indifferently, remains a byproduct of internet interaction.
