Chatting to Diginomica, MongoDB CEO Dev Ittycheria claimed that MongoDB is increasingly encroaching on Oracle’s database lead – with enterprises becoming more and more confident with the maturing NoSQL technology.
Ittycheria said that MongoDB had invested heavily in making the product ‘enterprise ready’ – with advanced management capabilities, better performance and better integrations. Now it is picking up a big chunk of migration work.
He claimed a third of MongoDB’s business is migration off existing workloads to us when two years ago it was 5 per cent. Ittycheria claimed that punters were ditching Oracle “and others, but mainly Oracle”.
“There’s a large bank, whose logo you would recognise instantly, they had a very sophisticated equities trading platform. The problem was that the compliance rules changed after the credit crisis, where they had to track so much information around for auditing, that the impact on the relational database was so large that they realised that it would quickly run out of gas,” he claimed.
Instead the bank re-platformed that on MongoDB, side by side for a while and now they’ve started moving everything off.
Developers are now beginning to hold MongoDB in the same regard that they used to Oracle, with Oracle falling out of favour.
The NoSQL market is highly competitive and that there are a bunch of players all neck and neck to take on Oracle. He claims that this might have been the case two or three years ago – with “Oracle printing money hand over fist and ankle biters fighting over each other – but now MongoDb has really separated itself from the pack, he said.
Mongo is now a nine figure business and is doing eight figure deals with large companies that are standardising on its technology, he said.