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You have radically different approach to database as compared to traditional players like Oracle. Can you explain the difference?
Relational database of Oracle has been extremely successful and I have also worked with them. The type of data that we store today in our databases is very different. What relational database did well, is that it rationalises data and that continue to be the strength of it. The core banking system will keep on using Oracle as they have invested a lot on their technology. What is changing is the new generation of application. There are new technologies which are evolving in the way web architecture works. The difference between relational database and us is how we store the data by providing agility and velocity. A relational database may store data up to terabytes, and MongoDB we are talking about storing petabytes of data. So the scale and the volume of data are very different. We are alternative to relational database and we are the leaders in this space. What made us tremendously successful is our ease of use. Within five minutes, you can have the database installed and you can't do that in a relational framework.
Can you share with us an example of how NoSQL database is better than relational database?
I will give you an example. We have a customer in Metlife and they had 70 Oracle databases that they were trying to consolidate. Over three years of consulting work, after spending $25 million, they couldn't achieve the goal. We did this with the client in 30 days. And in 90 days, they went into production, so our value is productivity. We also have cost advantage than relational database.
What according you will be the future of Oracle?
I think Oracle will continue to do well in the ecosystem of relational database applications. If I ask myself, will they continue to serve the mobile space, Oracle realises themselves that they need to have an alternative. Relational technology does not fit into everything, and customers are getting more selective. Customers don't use Oracle everywhere. Oracle does not have a NOSQL option and they need to innovate in this segment.
How are CIOs taking to MongoDB?
I cover the whole Asia market and the reactions vary from market to market. In Australia, big data technology is quite rampant and they spend a lot on technology. In India and China, CIOs have a big focus on using open source technology. There are massive government projects which are running on open source, so I think in India, enterprises are leveraging the true potential of open source. For us the real challenges is to build the awareness among the CIOs about our technology and were we fit it. Many CIOs are confused and they do not know what to choose because there are so many new players in the market.
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