Entrepreneurs and investors are continually looking towards the horizon to see what new challenges and shortcomings are in the market and what solutions can emerge to help solve them. The scale and complexity of data within different industries was already complex and the complexity and scale of it is only increasing every single day. How do we take all this data, wrangle it, and make it more manageable to use, enter Data-Infrastructure-as-a-Service.
Data-Infrastructure-as-a-Service is an emerging category of startups that bring together functional data from across specific industries and makes it more easily available with strong documentation so startups, developments teams and technology providers can more easily integrate industry data from other products and service providers within their industry.
Think of these services as the “pipes” that help ensure the data is flowing, you just need to turn on the spigot on your end and it should all come flowing out. Each human on earth creating 1.7 megabytes of data EACH SECOND! In the time you read this post you will have create 204 new megabytes of data, the sheer volume of it is massive and if we don’t maintain good pipes, everything will clog.
Startups like Leaf Agriculture (Farming and AgTech), Noyo (Healthcare and Insurance), and TrueLayer (Banking) are all building industry specific data infrastructure platforms. These tools are helping simplify data and system integration. Shortening innovation cycles, increasing access for developers, enabling integrations, and increasing the overall satisfaction of customers when their disparate tools and systems all work together harmoniously. As both an entrepreneur and investor, keep your eyes peeled for new opportunities on the horizon for industry specific Data Infrastructure platforms.