Inside JCI's Data Streaming Deal with Redpanda

Futuriom has heard about a very interesting deal in which data streaming specialist Confluent has lost a large multimillion-dollar, multiyear contract to Redpanda, a private competitor.

We have learned that Fortune 500 industrial equipment company Johnson Controls picked Redpanda over Confluent to reduce its costs as well as to gain more flexibility in its data architecture with a "bring your own cloud" (BYOC) approach, instead of being forced to buy Confluent's accompanying cloud service, Confluent Cloud.

This is reflective of two trends we've heard about in recent months and just wrote about on Forbes. First, companies are looking to avoid getting locked in with expensive cloud data services and want cheaper pricing. We've discussed this in profiling the ongoing battle between Snowflake and Databricks.

Second: Many large companies need to allocate money to GenAI investments, so they are cutting costs in other areas.

BYOC Data Streaming Heats Up