Using Splunk, data and search structures can be saved and identified as foundations for future users.
As seen with the IPO of Splunk (NASDAQ:SPLK), the Big Data industry is certainly red hot.
Splunk focuses specifically on the challenges and opportunities of effectively managing this type of data.
The data must be managed and analyzed using different tools such as Hadoop and Splunk.
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Splunk provides the infrastructure to collect, index, monitor, and analyze massive streams of data in real time.
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My brain expanded in several ways last week while studying at the Splunk .conf 2011 user conference.
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The IPOs of Workday and Splunk went off brilliantly while consumer Web firms Zynga and Groupon disappointed.
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Yes, the space has been red hot as seen with IPOs like ServiceNow (NYSE:NOW) and Splunk (NASDAQ:SPLK).
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Capabilities like Splunk and Hadoop and other MapReduce implementations will be employed to distill and summarize machine data.
There is an example of Splunk being used real-time to monitor two things.
Splunk is an amazing tool for analyzing machine data that is moving from IT use to providing business insights.
Splunk allows its users to see vast amounts of data from many different sources as a single unified collection.
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How can a deal like Splunk close its first day of trading so far above its initial filing range?
Despite its promise, Splunk has yet to reap a profit as it spends heavily to rev up its growth.
Although its roots are in IT diagnostics Splunk is being increasingly applied for business purposes outside the data center.
The funds transfer group can see transactions in real-time through a Splunk dashboard rather than waiting for next-day reports.
Splunk is well on its way to doing this in the IT realm.
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The way that Splunk organizes machine data is by grouping it into events and then categorizing and summarizing those events.
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When Splunk engages with a client, the first move is to go in and explore a large amount of data.
Others such as Splunk, ServiceNow and Palo Alto Networks have done relatively well riding the larger move towards cloud computing.
Dan: What are the biggest risks that you think are going to face Splunk as it manages its growth going forward?
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Realestate.com.au, the leading Australian real estate site, uses Splunk to identify when massive screen scraping is underway by unscrupulous copyright violators.
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But enterprise software companies have been an IPO bright spot, with Splunk, ServiceNow, Palo Alto Networks and others performing relatively well.
The notion that Splunk has so much utility, even beyond IT, can be a real obstacle for a new employee to overcome.
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How Splunk is growing beyond its base in IT departments to become a data fabric that is more relevant to the business?
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Big data software analytics provider Splunk this afternoon posted better-than-expected financial results for its fiscal fourth quarter ended January 31.
Dan: So, the risk to Splunk might be a lack of focus?
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Well, this has been the approach of a fast-growing company, Splunk.
The challenge right now for Splunk is how to manage the growth.
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