Baldwin: The question was how much would they still have to put in to keep it going in this tough environment. They were at the high-burn-rate stage of the company and needed revenue, but customers dont necessarily want to buy that kind of technology from a startup -- and if they do, they are going to wait and see if the company sticks around. It's expense against time, and time is not our friend today.
Byte and Switch: What do you mean by "that kind of technology?"
Baldwin: Well, I never really had a crisp understanding of the product, but I believe it was a high-end system to compete with EMC Corp. [NYSE: EMC], aimed at the SSP [storage service provider] model. But the premise for this went askew with the collapse of that market.
Byte and Switch: Does this mean the other companies in that space -- 3PARdata Inc. and Yotta Yotta Inc. -- are doomed, too?
Baldwin: The wild card in the deck is execution. If they can make efficient use of their funding, scale the sales and marketing part of the business, and still support their burn rate while customers make up their minds, they might have a chance.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
