Don't tell Red Hat (NYSE:RHT) that it's too early to bet big on Big Data. Last week, the open-source specialist announced plans to make its Red Hat Storage environment fully compatible with the Hadoop file system for tackling Data analysis projects.
"Red Hat is uniquely positioned to excel in enterprise big data solutions, a market that IDC expects to grow from $6 billion in 2011 to $23.8 billion in 2016," analyst Ashish Nadkarni said in a press release. Perhaps, but there's also no shortage of competitors -- including IBM (NYSE:IBM) and Teradata (NYSE:TDC), both of which are well-known for selling the sort of large-scale database and data warehousing technology commonly used for analytics.
Can Red Hat adequately set itself apart as IDC predicts? How will it overcome a known shortage of trained data scientists when selling Big Data projects to clients? Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova addresses these questions and more in the video below. Please watch, and then leave a comment to let us know what you think.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of IBM at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.