This once hot data trend just reared its ugly head again — strap on in
<p>If you ever wondered why the data space has so much noise going on in it, you need look no further than the millions of dollars put into the industry. This is, in some ways, a sign of the times. As well as see VC spend on Data products increase, the spend on those products themselves has increased too:</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:505/1*cIVU8OkNlTQMKnxcN69igQ.png" style="height:326px; width:505px" /></p>
<p>Spending on cloud has increased steadily. We may assume spending on data services is a function of the yellow bar</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*4hQAzivZxrR3UrjdERU41g.png" style="height:221px; width:700px" /></p>
<p># of deals into the Data Apps space e.g. companies like Hex, PopSQL. Source; Pitch</p>
<p>It’s likely the spend on data services driven by a genuine demand to make better use of data is the leading indicator here.</p>
<p>As a result, there have been lots of Data Trends. Here they are, listed chronologically:</p>
<p>2023: AI of course; and things becoming “dead” or “dying”</p>
<p><a href="https://medium.com/@hugolu87/this-once-hot-data-trend-just-reared-its-ugly-head-again-strap-on-in-f946fdc0bd32"><strong>Website</strong></a></p>
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