Despite the current popularity of cloud-based software services, Waxman predicted that most companies will want to run their big data operations in-house, rather than hand off their data and analysis to third-party services.
Waxman recalled talking with an executive at a financial firm who confided in him about a recent meeting with IBM, which offered its Watson cognitive computing services. The executive found the technology intriguing but expressed concern about using a proprietary service, as well as in handing over data to a company that could be a competitor at some point.
"People want to own their own data. If they give away their data, they don't have much of a company left," Waxman said.
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